Operator

Ladies and gentlemen, welcome to the Carlsberg Q1 2026 Trading Statement Conference Call. I am Hilly, the Chorus Call operator. [Operator Instructions] The conference is being recorded. [Operator Instructions] The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Jacob Aarup-Andersen, CEO. Please go ahead.

Jacob Aarup-Andersen
Group CEO & Member of Executive Board

Thank you very much, operator, and good morning, everyone, and welcome to Carlsberg's Q1 2026 Conference Call. As said, my name is Jacob Aarup-Andersen, and I have with me, as always, our CFO, Ulrica Fearn; and Vice President, Investor Relations, Peter Kondrup. Let me begin by summarizing the key headlines for the quarter. First of all, we delivered a good start to the year. Our growth categories delivered strong results. Our Asia region returned to solid growth, and we confirm our earnings guidance for the year.

Finally, last week, we reached another milestone with PepsiCo when we announced the takeover of the Pepsi franchises in Denmark, Finland and the Baltics from 1st of January 2029. Now let's turn to Slide 3 and the key Q1 figures for the group. As said, we had a good start to the year. We delivered 2.8% organic volume growth, and we delivered growth in all 3 regions, and that