Mersen Ord (CBLNF) Q1 2026 Earnings Call

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WEBVTT 00:00:08.548 -- 00:00:14.011 in two parts. First, a presentation by the Mersenne Management Team, 00:00:14.011 -- 00:00:19.293 represented by Luc Temelin, Group CEO, Salvador Llamas, Group 00:00:19.293 -- 00:00:24.656 CEO, and Thomas Baumgartner, Group CFO. After all, 00:00:24.656 -- 00:00:31.198 there will be a Q&A session during which you may have questions in 00:00:34.775 -- 00:00:40.656 or by clicking the green hand button on the player to ask your question orally. 00:00:40.656 -- 00:00:45.377 I will now end the call to Luc Temelin to begin today's call. 00:00:45.377 -- 00:00:47.617 Please go ahead. 00:00:47.617 -- 00:00:52.998 Thank you. I am happy to introduce this presentation for the last time. 00:00:52.998 -- 00:00:57.859 As you know, I will hand over to Salvador in less than one month. 00:00:57.859 -- 00:01:03.040 But about the quarter one, we have a positive set of results to share. 00:01:03.040 -- 00:01:08.105 It actually marks a return to quarterly organic growth with a plus 3.1% 00:01:08.105 -- 00:01:14.390 All in all reported Q1 2026 sales of 296 million euros with two main highlights 00:01:19.195 -- 00:01:25.077 Reverse to growth in the electrical power segment with organic growth of just 8.7%. 00:01:25.077 -- 00:01:26.857 Electrical 00:01:26.857 -- 00:01:32.339 power is increasingly acting as a key growth engine for the group, supported by strong 00:01:32.339 -- 00:01:35.940 structural demand around electrification, 00:01:35.940 -- 00:01:41.481 grid efficiency and data centers. Positive momentum in North America with 00:01:41.481 -- 00:01:42.922 8.2% 00:01:42.922 -- 00:01:45.495 organic growth for the period. 00:01:45.495 -- 00:01:50.721 As far as exchange rates are concerned, we have a negative impact of 17 million 00:01:50.721 -- 00:01:52.72...