Financial results

“We made a strong start to 2026, delivering double-digit organic sales growth in the first quarter, reflecting the disciplined execution of our teams worldwide, with all regions contributing to growth. Growth was led by our Systems business, and we delivered a strong improvement in Product sales, supported by both higher volumes and a positive contribution from pricing.​

In Energy Management, Data Centers remained the main growth driver, alongside strong growth in Power & Grid among solid contributions across the other end‑markets. In Industrial Automation, the recovery in Discrete automation continued to progress, while we expect Process industries to contribute more meaningfully to growth later in the year.​

The fundamentals underpinning our markets remain strong, even if recent macroeconomic and geopolitical developments have increased uncertainty. The energy transition is now increasingly central to energy security and sovereignty, further accelerating the existing structural growth drivers of electrification, alongside the rapid adoption of digital and AI-enabled technologies across Energy and Industrial Intelligence. We are Advancing Energy Tech from a position of strength, supported by a balanced global footprint and a resilient, multi‑hub operating model, which allow us to remain agile in this more uncertain environment. Against this backdrop, we reaffirm our financial target for 2026.”