First quarter 2025 • 0% organic revenue growth (using fixed exchange rates and a comparable group structure) • Net sales increased by 2% to 1,322.8 MEUR (1,299.9) • Adjusted gross margin of 67.2% (66.5) • Adjusted operating earnings (EBIT1) decreased by -8% to 344.7 MEUR (376.5) • Adjusted operating margin amounted to 26.1% (29.0) • Earnings per share, excluding adjustments, amounted to 9.4 Euro cent (10.1) • Earnings per share, including adjustments, amounted to 7.0 Euro cent (8.9) • Operating cash flow before non-recurring items decreased to 154.0 MEUR (219.4) • Cash conversion
