ARJO_B: Solid Q1 growth and cash flow, with margin pressure from tariffs and FX, and strategy update ahead

Stable Q1 with 3.8% organic growth, strong U.S. and rest of world sales, and improved cash flow. Margins slightly down due to tariffs and FX, but EBIT margin up on lower restructuring costs. Strategy update expected H2 2026.

Based on

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