DFDS Group (DFDDF) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.179 Ladies and gentlemen, welcome to the DFDS Q1 Report 2026 00:00:05.179 -- 00:00:09.706 conference call. I am Shari, the chorus call operator. 00:00:09.706 -- 00:00:13.712 I would like to remind you that all participants will be in listen-only mode and the 00:00:13.712 -- 00:00:18.999 conference is being recorded. The presentation will be followed by Q&A session. 00:00:18.999 -- 00:00:25.009 You can register for questions at any time by pressing star and 1 on your telephone. 00:00:25.009 -- 00:00:28.533 For operator assistance, please press star and 0. 00:00:28.533 -- 00:00:33.099 The conference must not be recorded for publication or broadcast. 00:00:33.099 -- 00:00:36.003 At this time, it's my pleasure to hand over to Mrs. 00:00:36.003 -- 00:00:41.770 Karen Bersen, CFO and Interim CEO. Please go ahead. 00:00:41.770 -- 00:00:46.857 Thank you, and good morning, and welcome to the DFDS Q1 2026 00:00:46.857 -- 00:00:52.802 conference call. I'm joined here by Søren Brunholt, our head of the IR. 00:00:53.385 -- 00:00:58.132 Earlier this year, we labeled 2026 a turning point for DFDS. 00:00:58.132 -- 00:01:03.801 And I'm pleased to report today that our Q1 result confirms that this is the case. 00:01:03.801 -- 00:01:07.967 We're turning around and making steady progress on transitioning DFDS to a higher level 00:01:07.967 -- 00:01:10.431 of financial performance. 00:01:10.431 -- 00:01:14.858 In addition, we're also making progress on improving our financial leverage. 00:01:14.858 -- 00:01:18.824 And as you may have seen this morning in the Q1 report, we have firmed up our full year 00:01:18.824 -- 00:01:22.650 expectation for the adjusted free cash flow as well. 00:01:22.650 -- 00:01:27.717 So we'll now dive into a presentation of the num...