Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Brenntag SE Q1 2026 Results Call and Live Webcast. Please note that this call will be recorded. [Operator Instructions]

I would now like to turn the call over to Andre Simon, Senior Vice President, Corporate Investor Relations. Please go ahead.

Andre Simon

Yes. Thank you, Dani. Good afternoon, ladies and gentlemen, and welcome to our earnings call for the first quarter '26 from my end as well. On the call with me are our CEO, Jens Birgersson; and our CFO, Thomas Reisten. They will walk you through the presentation, which is followed by the Q&A session.

All relevant documents have been published this morning on our website in the Investor Relations section, where the replay of today's call will be also available. Allow me also to point out our safe harbor statement, which can be found at the end of the slide deck.

With that, I now hand over to our CEO, Jens. Please go ahead.

Jens Birgersson
Chairman of the Management Board & CEO

Hello, everyone. Let's go to the first slide. To sum up -- I will start with summing up the whole quarter basically. And then I have a little bit more detail on Iran. Overall, I'm satisfied with this quarter. If we look at November, December, we had quite low market activity. We anticipated that we will