Hubert Lam
Analyst, Bank of America
Replay available
EQT AB (publ) (STO: EQT) Q1 2026 earnings conference call, held 2026-04-22. Replay captured from the company's public earnings webcast.

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WEBVTT 00:00:00.031 -- 00:00:04.655 Good morning, everyone, and welcome to EQT's Q1 announcement 2026. 00:00:04.655 -- 00:00:09.700 It's been a busy first quarter at EQT. We kicked off the year by announcing 00:00:09.700 -- 00:00:14.824 the combination with Color Capital. In Galderma, we completed the largest sponsor-backed 00:00:14.824 -- 00:00:19.989 block trade ever to deliver the largest single fund capital gain ever. 00:00:19.989 -- 00:00:25.694 We closed BPA9 at hard cap. We launched our new AI infrastructure strategy, 00:00:25.694 -- 00:00:30.018 and we had a record quarter in terms of net inflows to our evergreens. 00:00:30.018 -- 00:00:35.192 This quarter again faced significant volatility across markets, which affected our fund 00:00:35.192 -- 00:00:40.166 valuations in different directions. So we'll cover all of these points in further detail 00:00:40.166 -- 00:00:44.238 over the next 30 minutes. And with that, let me hand over to Per. 00:00:44.238 -- 00:00:46.779 Next slide, please. 00:00:47.213 -- 00:00:51.979 Thank you, Olof. And good morning, everyone, from IKT's 00:00:51.979 -- 00:00:57.445 London office. It's been a volatile quarter driven by rapid advances 00:00:57.445 -- 00:00:59.608 of AI technology, 00:00:59.608 -- 00:01:02.751 as well as geopolitical uncertainty. 00:01:02.751 -- 00:01:08.939 And that uncertainty having a short-term impact on energy prices 00:01:08.939 -- 00:01:10.400 and 00:01:10.400 -- 00:01:15.456 also the broader macroeconomic outlook. In this 00:01:15.456 -- 00:01:20.825 environment at DQT, we remain focused on executing on our strategic 00:01:20.825 -- 00:01:22.825 priorities. 00:01:22.989 -- 00:01:27.998 And as we're entering the second quarter, I'm happy to say that we 00:01:27.998 -- 00:01:30.282 continue to see strong 0...