Operator
Welcome to Studsvik Q1 2026 Conference Call. [Operator Instructions] Now I will hand the conference over to the speakers. Please go ahead.
Karl Thedeen
President, CEO & Acting Business Area President of Fuel and Materials Technology
Welcome to the interim report for Q1 2026 for Studsvik. I’m Karl Thedeen; and next to me, I have Peter Teske, my CFO. So let’s start to go through the quarter.
First, a summary of the Studsvik Group. We are a worldwide service and product provider to the nuclear industry. And net sales last year amounted to SEK 883 million. We have offices in Asia, in Europe and in the U.S. We are a little bit more than 500 employees in 6 offices around the world.
Before we go to the results, just to remind everybody where we are in terms of what we do because that is always important and start with the top left-hand corner, new build, which is actually an area that we took significant step to enter more broader in this quarter with the acquisition of Karnfull Next. I will talk more about that later.
But already before that, we are supplying our services and products into that market with fuel and materials testing for new reactor developments, supporting with waste planning for licensing, working with different fuel manufacturer for fuel that goes into these reactors and obviously supporting the SMR project development.
The other 3 business areas or operations that we
