XXL ASA

Good morning, ladies and gentlemen, and welcome to the first quarter results presentation. My name is Tolle Gretrud, and I have the pleasure of guiding you through today's presentation. Our CEO, Freddy Sobin, and our CFO, Stein Eriksen, will take you through the presentation, then followed by a Q&A session. And for the media, there will be an opportunity to perform separate interviews after the presentation. So please direct your request to our press contact. So without further introductions, I turn the floor over to you, Freddie.

Thank you, Tolle. And good morning, everyone. Welcome to the first quarter presentations. And just like the headline says, it has been somewhat of a challenging quarter with low sales, with availability holding us back. However, the reset and rethink plan is progressing and materializing well and will guide you through some of the highlights and indicators of that throughout the presentation.

Moving on, moving beyond the disclaimer, this is the agenda for my part.