Sandvik AB (publ) (SAND) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.280 Good afternoon and welcome to Sandvik's presentation of the first quarter results 00:00:05.280 -- 00:00:07.280 2026. 00:00:07.704 -- 00:00:10.626 We want to start apologizing. 00:00:10.629 -- 00:00:15.337 We had some technical issues and therefore we're a bit late. 00:00:15.337 -- 00:00:20.865 We will start as usual with Sandvik presenting the highlights 00:00:20.865 -- 00:00:24.290 of the first quarter and 00:00:24.290 -- 00:00:29.578 presenting our CEO Stefan Widing and our CFO Cecilia Felton. 00:00:29.578 -- 00:00:33.984 And my name is Louise Cheddar, head of investor relations. 00:00:33.984 -- 00:00:38.428 So we start with the presentation and the remaining topics. 00:00:40.514 -- 00:00:44.246 Time we will spend on the Q&A session. 00:00:44.246 -- 00:00:48.380 And with this short welcome, I hand over the word to you, Stefan. 00:00:48.380 -- 00:00:51.851 Thank you, Louise. Also from my 00:00:51.851 -- 00:00:54.313 report in 2026. 00:00:54.419 -- 00:00:58.968 As you have already seen, we had a strong start to the year. 00:00:58.968 -- 00:01:03.558 Strong demand across all business areas with double-digit organic growth in the quarter 00:01:03.558 -- 00:01:08.708 in all four business areas. Total order intake grew by 12% and 00:01:08.708 -- 00:01:11.935 organic order intake growth was 23%. 00:01:11.935 -- 00:01:18.102 Total revenues increased by 5% and the organic growth was 15%. 00:01:18.125 -- 00:01:23.133 Adjusted EBITDA was just over 6.1 billion SEK, corresponding to a 00:01:23.133 -- 00:01:25.017 margin of 20% 00:01:25.017 -- 00:01:28.763 up from 19.7 last year. Also, 00:01:28.763 -- 00:01:34.512 the adjusted profit for the period increased to 4.1 billion from 3.8 in the 00:01:34.512 -- 00:01:39.780 prior year. We had a free ...