le digit organic contraction in the first quarter. Capex activities performed particularly well in Europe, Asia Pacific and the Middle East. This was supported by increasing global energy needs and sustained investments in renewable energy and nuclear projects; the Group is also actively exploring battery storage and carbon capture opportunities. Opex activities were in contraction due to the postponement of major inspections in the Middle East caused by the ongoing conflict, and, as expected, from the voluntary exit from non-profitable contracts in Latin America. The Group was awarded an engineering supervision contract for compliance and reliability of Portuguese electrical distribution infrastructure.

Elsewhere, Industrial Products Certification(18% of divisional revenue) services achieved high single-digit organic growth in the first quarter of 2026. This sustained positive momentum was largely driven by strong resilience of Pressure Vessels and Machinery activities, supp
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