Baard Erik Haugen

Good morning, and welcome to Hydro's First Quarter 2026 Presentation and Q&A. We will shortly begin with a presentation by President and CEO, Eivind Kallevik, followed by a financial update from CFO, Trond Olaf Christophersen. We will then finish off with a Q&A session. If you like to ask questions in the Q&A, you can do so at any time during the presentation and you do it by typing your question into the chat box on your screen. When we then get to the Q&A, I will read your questions on your behalf directly to Eivind and Trond Olaf.

And with that, I give the word to you, Eivind.

Eivind Kallevik
CEO, President & Member of Corporate Management Board

Thank you, Erik, and good morning, and welcome from me as well. As always, the first topic to cover is safety. And I would like to begin by saying that we are deeply saddened by the passing of a contractor at the Alunorte alumina refinery in Brazil on March 30. Our thoughts are with the family and loved ones at this very difficult time. Our priority is that they receive the necessary support and assistance going forward.

Now the root cause is currently under investigation, and we do not get to know what led to this tragic incident. And if the investigation concludes that inadequate safety measures contributed to this incident, we will, of course, take this extremely seriously. We will learn from it, and we will implement appropriate actions to prevent this from happening in the future. And incidents like these are