Humble Group AB (publ)

Good morning, everyone, and welcome to Humble Group's presentation for the first quarter of the year. My name is Noal Abdayem, and I'm the acting CEO of Humble Group. With me today, I have our Group CFO, Johan Lennarsson.

Good morning, everyone.

To everyone calling in, welcome, and thank you for taking the time to be with us today. We will now go ahead and present the results for the first quarter. Following the presentation, we will open up for a Q&A session. Let's walk through the quarter. Our organic sales growth came in at 8% with revenue coming in at nearly 2 billion SEK. Despite the challenging macro environment, we're seeing a stable demand for our products. This clearly reflects the strength of our portfolio and our ability to consistently meet consumer needs over time. All of our four segments grew well, and the main growth was driven by our segments future snacking and quality nutrition, where our brands and production sites are performing well with a good demand across the full segments. Our gross profit came in slightly lower than last year, mainly impacted negatively by currency effects and the product mix around the group. Cashflow remains to be a priority for us, and we delivered a strong cash generation during the quarter. Our net depth has continued down and we are now in line with our financial target of two and a half times adjusted EBITDA. This means that we can gradually shift our focus from a more defensive approach to a more targeted capital allocation strategy. I am certain that our organically generated cash flows will enable us to drive Humble toward increased shareholder value over time. Johan will now dig into the numbers.