Bavarian Nordic A S (BVNKF) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.197 Good day and thank you for standing by. Welcome to the Bavarian Nordic First Quarterly 00:00:05.197 -- 00:00:11.144 Report Q1 for the three-month period ended 31st March 2026 00:00:11.144 -- 00:00:16.230 conference call. At this time, all participants are in a listen-only mode. 00:00:16.230 -- 00:00:19.815 After the speaker's presentation, there will be a question and answer session. 00:00:19.815 -- 00:00:24.961 To ask a question during the session, you will need to press star 1 and 1 on your 00:00:24.961 -- 00:00:29.900 telephone. You will then hear an automated message advising your hand is raised. 00:00:29.900 -- 00:00:34.046 To withdraw your question, please press star 1 and 1 again. 00:00:34.046 -- 00:00:37.010 Please be advised that today's conference is being recorded. 00:00:37.010 -- 00:00:42.699 I would now like to hand the conference over to your speaker today, CEO Paul Chaplin. 00:00:42.699 -- 00:00:45.119 Please go ahead. 00:00:45.262 -- 00:00:50.470 Thank you, operator, and welcome everyone to Bavaria Nordic's Q1 00:00:50.470 -- 00:00:53.394 results for 2026. Together 00:00:53.394 -- 00:00:58.682 with me is Henrik Juul, and I will walk through some of the key highlights and activities 00:00:58.682 -- 00:01:03.291 for the first quarter. and then hand over to Henrik who will go through some of the more 00:01:03.291 -- 00:01:06.973 detailed financial results. 00:01:07.075 -- 00:01:10.900 So if you'll turn to slide four, we've 00:01:10.900 -- 00:01:14.461 had a solid start to 26. 00:01:14.564 -- 00:01:19.650 Revenue is just over a billion kroner with a 16% EBITDA margin. 00:01:19.650 -- 00:01:22.954 And as I said, I'll leave it to Henrik 00:01:22.954 -- 00:01:26.878 to walk through some of the details of the financials. 00...