Louise Tjeder
Head of Investor Relations & VP

Good afternoon, and welcome to Sandvik's Presentation of the First Quarter Results 2026. We want to start apologizing. We had some technical issues, and therefore, we're a bit late. We will start, as usual, with Sandvik, present the highlights of the first quarter and presenting our CEO, Stefan Widing and our CFO, Cecilia Felton, and my name is Louise Tjeder, Head of Investor Relations.

So we start with the presentation and the remaining time we will spend on the Q&A session. And with this short welcome, I hand over the word to you, Stefan.

Stefan Widing
President, CEO & Director

Thank you, Louise. Also from my report in 2026. As you have already seen, we had a strong start to the year, strong demand across all business areas with double-digit organic growth in the quarter in all 4 business areas. Total order intake grew by 12% and organic order intake growth was 23%.

Total revenues increased by 5%, and the organic growth was 15%. Adjusted EBITDA was just over SEK 6.1 billion, corresponding to a margin of 20%, up from 19.7% last year. Also, the adjusted profit for the period increased to SEK 4.1 billion from SEK 3.8 billion in the prior year. We had a free operating