Good morning, welcome to this online webcast on Caverion's half-year results. My name is Milena Hæggström. I'm the Head of Investor Relation here in Caverion, and the presentation will be today held by our Interim President and Chief Executive Officer, Mats Paulsson, and our Chief Financial Officer, Martti Ala-Härkönen. After the presentation, you may ask questions over the conference call and through the webcast, p lease go ahead, Mats. Thank you. Thank you, Milena. Good morning also from my behalf here from Malmö, Sweden. This presentation, which I will share with Martti, will take about 30 minutes. We make this presentation now live, virtually without any audience. I will start with a market update. I will continue with our group development during the period, including recent orders and revenue. Martti will cover our profitability, cash flow, working capital in more detail, go through our strong liquidity position. Finally, I will close our current status on the guidance. I will start by summarizing the period verbally by a few key points. I'm very satisfied with our performance improvement as it continues strongly in Q2. A new highlight was that our revenue grew clearly, driven by the strong organic growth in our service business. Our order backlog was at an all-time high level, increasing by 10% from the end of Q1. Our profitability improved significantly compared to the previous year, helped by the revenue growth and our efficiency and productivity improvements completed earlier. Like in Q1, the improvement came from both business units, which I'm very happy with. In Q2, the effects of the coronavirus pandemic gradually started to ease off and the operating environment generally improved. Having said that, we remain somewhat cautious with the pandemic, as unpredictable virus variants and new waves of the pandemic may continue to emerge. The share from our revenue continued to climb and was now 65.1% during the first half-year. We saw an increased investment activity among several customer segments, and as an example, certain annual industry shutdowns in Finland postponed from last year took place in Q2. In projects, market demand still continue on a lower level, although there were clear signs of market stabilization towards the end of the period. During half-year, the market was impacted by increased material prices, while the stimulus packages did not yet have the clear impact on the general demand, I would say. We have proactively taken various measures to optimize the supply chain and to manage pricing. Going forward, we expect market demand to be overall positive in service and to gradually improve also in projects in the second half of this year. Let's have a look at economic sentiment on the construction confidence indicators issued by the European Commission in June 2021. There is now a clear uplift in these lead indicators for our main operating countries from the deepest COVID-19 effects. Now also the economic sentiment indicator has clearly improved from March, supported by healthy order backlogs and expectations on the stimulus packages. We are also pleased that the significant amount of economic stimulus packages have been discussed on a European level seem likely to be directed towards sustainable investments, enabling smart buildings and cities. This is the area where we have our strategic focus. Let's move to the group development. Here is a summary of the period. In Q2, our revenue grew clearly, and our order backlog was on all-time high level at the end of June. Our profitability improved significantly compared to previous year, helped by the revenue growth and our efficiency and productivity improvements completed earlier. Our adjusted EBITDA improved to EUR 90.7 million, or 3.6% of revenue, the EPS was EUR 0.06 per share. We are especially happy about our service growth. Service revenue already reached 65.1% of revenue in the first half year, and is almost at our target of 2/3 of our revenue. Our order backlog grew by 2.8% to EUR 1.789 million at the end of June. Service business order backlog increased by 10.7% compared to previous year. Our revenue in Q2 amounted to EUR 545.1 million, up by 5.1%. Organic growth was 3.3%. The revenue of the service business unit increased in Q2 by 10.1%, and the revenue project business unit was down by 2.9%. Our operating cash flow before financial tax item was EUR 37.2 million in January to June 2021, and the cash conversion was 80.3%. A periodic change was according to our expectations. In Q2, operating cash flow was also positively impacted by postponed authority payments by EUR 29.6 million. Our liquidity position remains strong and leverage is at a low level. At the end of June, our interest-bearing net debt amounted to EUR 147.3 million and EUR 73.7 million excluding lease liabilities. The net debt ratio was 0.4, based on the calculation principles confirmed with our lending parties. Our cash and cash equivalents were EUR 113.7 million. We also completed three acquisitions this year. I will cover these in more detail later in the presentation. Our backlog was an all-time high level at the end of June, increasing by 10% to EUR 1.789 million from end of March. The industry divestment-related order backlog has been cleaned away from these figures. Year-on-year, our order backlog increased by 2.8%. A comparative exchange rate in order backlog increased by 1.7% year-on-year, and order backlog increased by 10.7%. In service compared to the previous year, while the decrease in projects was 6.1%. Here are some examples of new contracts. The first one is a good example of our cross-border capabilities, I would say, in long-term facility management, where we offer technical maintenance and customer center services to our customer, PostNord. In this contract, we cover more than 100 PostNord locations around Denmark, Sweden, and Finland. The second case is the largest public-private partnership (PPP) project in Denmark and an important step in the series of life cycle contracts in line with our strategy. We support our customer, Bygningsstyrelsen, in the design and build phase of a new courthouse in Copenhagen, followed by service and maintenance of the building for coming 20 years. For us, this is an exciting project, not only because of its size and the long-term contract, but also as an illustration of our smart and sustainable service throughout the life cycle. We guarantee measurable outcomes and optimal indoor climate for the years to come. Our third case is a project contract for Peab, where we'll be implementing building solution for a new police facility in Kiruna, Sweden, absolute north Sweden. It's including building management system and fire system solutions. The town of Kiruna in the north of Sweden is under a historical urban transformation as the town center is to be moved 3 km to the east to create land and space for the mining company, LKAB's iron ore mining. We're also very proud of our recent Euro project. It's a EUR 25 million deal in Germany, published this week. Our customer is Contemporary Amperex Technology, the largest Chinese manufacturer of electric lithium batteries, is building a production facility for accumulators for electric vehicles in Arnstadt, Thuringia, Germany. We will help them to equip this battery factory with ventilation technology. This production facility will accelerate society's move towards e-mobility and reduced emissions, therefore, also fits very well with our sustainable goals, I would say. Now let's have a closer look at our revenue for the period. Our Q2 revenue amounted to EUR 545.1 million. It was up by 5.1% from the previous year, up 2.6% in local currencies. Organic growth for the whole group was 3.3%, while the service organic growth was 8%. Service business revenue increased by 10%, as I mentioned before, was EUR 353.4 million in Q2, or 7.1% in local currencies. The revenue of the Project business unit was EUR 191.7 million in Q2, and decrease of 2.9%, or 4.6% in local currency. Project business revenue was affected by the continuous selectivity approach, which we have taken and will continue onwards. In the graph, you can see that in the first half year, our revenue increased in Norway and Germany, while it decreased in the other divisions. We had a very good progress with our strategy, I would say. The most critical phase of the turnaround is now definitely behind us. We are on a good track to deliver improving performance going forward, step by step. We continue to focus on improving our operations while searching for profitable growth, while increasing our interactions with our customers. We have a significant potential still in pricing, productivity, and procurement, data-enabled efficiency, and transforming our operating model step by step. We have continued to invest in organic growth, our digital platform, remote center capability, sustainability offering, sales brand, as well as M&A. We have started to see an increased interest towards those parts of our life cycle offerings that help customer make their operations more sustainable. We also continue on the acquisition track. Let's have a closer look at our recent acquisitions to support our growth strategy. We closed two acquisitions in the beginning of July. The first one here is the acquisition of GTS Immobilien in Austria. GTS Group is a well-known company in the Austrian market for building automation, which is small technology area where we have a deep competence. The company has approximately 40 employees. The second acquisition shown here is the acquisition of business of Sweden company, RPH Linc. RPH Linc is a system integrator in the area of electrical security focus, focusing on high-end solutions for enterprises and multi-site customers on the public sector. The revenue of RPH Linc is about EUR 3 million. In the beginning of 2021, we also closed the acquisition of Elektro-Berthold in Austria. Elektro-Berthold is a provider of maintenance service for ski lifts and snow systems, and has 13 employees. Now, let's close up with a market update on the sustainability front. Over the past years, we have seen the sustainability trend growing stronger, driven by various EU initiatives, setting higher targets and actions for energy efficiency and carbon neutrality. In July, the European Commission adopted a set of proposals in the Fit for 55 climate package to make EU's climate, energy, transportation, and taxation policies fit for reducing net greenhouse gases by at least 55% by 2030, compared to 1990 lows. Caverion is well-positioned to capture these opportunities created by new regulative changes, increasing the energy efficiency of buildings, the electrification of transportation, infrastructure through e-charging stations, et cetera. A great use for renewable energy technologies, as well as the green transformation of the industry towards clean technologies, all present major opportunity for us in Caverion. The objective of the European Commission's Renovation Wave strategy is to at least double the annual energy renovation rate of residential and non-residential buildings by 2030. This is expected to result in 35 million building units being renovated by 2030 in the EU. It's enormous figures. This speed of renovation will also to be maintained after 2030 to reach EU-wide climate neutrality goals by 2050. We have been putting a large effort to develop our offering and solution to meet this demand going forward. I will now hand over to Martti, who will go through our profitability and cash flow development, as well as the financing, before I close with our recent status on our guidance. Let's hand over to you, Martti. Thank you, Mats, and good morning also on my behalf. Before going to our profitability, let me also comment very shortly on the economic environment. Like Mats already stated and went through, the second quarter of this year, the effects of the coronavirus pandemic started to gradually ease off and the operating environment generally improved. While there are still certain risks related to corona, the monetary and fiscal policies in place, they are clearly supporting an economic recovery going forward. I want to re-highlight what Mats already said, that our order backlog increased by 10% compared to the end of the first quarter and reached an all-time high level at the end of June. We saw an overall strong growth in services in the second quarter, we expect market demand to continue being positive in services and to gradually improve also in projects in the second half of this year. Like Mats was going through in a moment, the sustainability trend around us is growing stronger around us. The digitalization and the sustainability trends, they are in many ways favorable to us and believed to increase demand for our offerings in the future. Let us now take a closer look at our profitability. The profitability improvement in the second quarter follows our plans. Also, taking into account the improvement in the first half-year, we saw an overall significant improvement in our profitability in the second quarter. Our second quarter adjusted EBITDA reached EUR 19.7 million, versus EUR 4.8 million a year earlier. That is actually more than 4 x the year-earlier figure, and the margin was 3.6% versus last year, 0.9% of revenue. For the first six months, our adjusted EBITDA reached EUR 36.1 million, versus EUR 17 million a year-earlier, or 3.4% margin versus 1.6% margin a year-earlier. The EBITDA in the second quarter was EUR 18 million, or 3.3% of revenue. The restructurings completed in the last quarter of last year, in particular, have had a positive impact on our cost base. Important to note that both business unit services and projects improved their profitability. In services, the positive progress continued, and performance was overall on a strong level. It is of note that our services revenue increased by 10.1% in the second quarter, and organic growth was as high as 8% in the second quarter. We continue to see an increased investments towards those parts of our offerings that make our customers' health, make their operations more sustainable. Overall, I should say that we can be very proud of the performance we've seen in services. It is overall on a strong level. In projects, overall, the market demand still continued on a somewhat lower level, there were clear signs of market stabilization at the end of the second quarter. We have coped well, I should say, so far, with the material price increases, which are affecting particularly our projects business. We continue to deploy best practices in projects, we have continued to overall improve our process performance on this front. The finalization of the last remaining risk project, that will continue probably until the end of this year. If we look into the divisions, we can be particularly happy about the progress that we've seen lately in divisions Industry, Germany, Norway, and Sweden. Looking forward into this year, like we have said earlier, our target remains to come out of this corona, what you say now, I won't use the word crisis anymore, but corona period, as a stronger company than entering it. Let us take a look at our cash flow development. Our operating cash flow in the first half of this year was EUR 37.2 million. It's less than EUR 104.3 compared to a year earlier, the cash conversion for the last 12- months was still 80.3%. Our financial target level is higher than 100%. A periodic negative cash flow of the second quarter was actually according to our expectation. Working capital was negatively affected, particularly by an increase in trade and POC receivables amounting to EUR 35.5 million corresponding to the end of March this year. It's of note that also the growth in receivables was affected by our growth of 5.1%. In the corresponding period, that's the second quarter of last year, operating cash flow was also positively impacted by postponed authority payments amounting to EUR 29.6 million. This can be considered a one-off item. In the first half year, our free cash flow amounted to EUR 21.5 million. Capital expenditure was EUR 7.1 million in the first half, IT investments EUR 4.1 million, and other investments including acquisitions, EUR 3 million. All these levels are below the levels of last year. Like Mats already mentioned, we closed two bolt-on acquisitions in the area of smart building technologies, one in Austria and one in Sweden, which will be integrated now into Caverion as of the 1st of July onwards. Going forward, we are actively looking for further acquisitions. As we have stated many times, an important contributor to our cash flow improvement has been that we've been able to materially decrease our working capital over the last several years. At the end of the second quarter, the group's working capital was a -EUR 139.9 million. Little bit less negative than a year earlier when it was EUR 161.3 million. If compared to the level of working capital at the end of the first quarter, first of all, like I already mentioned, there was a negative effect from the increase in trade and POC receivables totaling EUR 35.5 million. If compared to the second quarter of last year, there was this one-off item of almost EUR 30 million of postponed authority payments due to COVID-19 at that time, and this can be considered as a one-off. If we adjust last year's second quarter working capital by this EUR 29.6 million, there is actually, in a comparable pace, is an improvement of EUR 8.2 million in the level of the working capital year-on-year. Looking at an overall picture, I think, which is even more important, we have completed significant actions and improvements since 2018 to improve the level of working capital, and we are very happy with the current level, which is now -6% of last 12-month revenue. The working capital actions, improvement actions, paid off also actually in the second quarter in several divisions. As we can see in this slide, there were improvements in the level of working capital in a year-on-year comparison actually in all divisions except for Industry, Germany, and Finland. A few words on financing. On this slide, we are showing our debt maturity structure at the end of the second quarter. Overall, our financing situation is very stable. Our net debt, including lease liabilities, amounted to EUR 147.3 million. Our net debt, excluding lease liabilities, amounted to EUR 23.7 million at the end of June. Our bank facilities mature in February 2023, consisting of a term loan of EUR 50 million and an unutilized revolving credit facility of EUR 100 million. Our EUR 75 million unsecured four-year bond matures in March 2023, and our EUR 35 million hybrid bond has the first call date in May 2023. As we know, hybrid bond is treated as equity in the IFRS financial statements. This slide finally summarizes our financial position at the end of June. Overall, our liquidity position is strong and our leverage is at a low level, as we can see also on the graph on the left-hand side. Our financial covenant is based on the ratio of the group's net debt to EBITDA, and it shall not include the level of 3.5. Our net debt to EBITDA ratio was 0.4 x at the end of June. The confirmed calculation principles exclude the effects of IFRS 16 leasing standard and contain also certain other adjustments. Our cash and cash equivalents at hand were EUR 113.7 million at the end of June. In addition to that, we had undrawn revolving credit facilities of EUR 100 million and undrawn overdraft facilities of EUR 19 million available. To summarize our strong liquidity position and the low leverage level, this will give us firing power for M&A going forward. Like I stated earlier, we are actively searching for suitable acquisitions also in the second half of this year and going forward. I will close here and hand it back to Mats who will continue to summarize our guidance. Thank you very much, Martti. Now over to our present guidance, I would say. Here is our current status on our guidance. In 2021, Caverion Group adjusted EBITDA will grow compared to 2020. That is our guidance. The Annual Meeting held on 24th of March decided that a dividend of EUR 0.1 per share, an extraordinary dividend or EUR 0.1 per share, in total EUR 0.2, will be paid for 2020. The payment date was 7th of April 2021. This now concludes our presentation. We are now ready to take the first questions. I will now hand over to Milena, running us through the Q&A session. Please. Yes, we seem to have lost the phone line, so we are reconnecting. Just a moment. Okay. Maybe we will start with the webcast questions in the meanwhile. We have quite a few questions coming through the internet, and the first one is coming from Markku Moilanen at OP. What is the run rate of the efficiency improvement program? Please, Martti, you take that. Okay. Thank you. Very good question. What we have stated that the cost base this year will be at least EUR 25 million less than what we had last year due to the restructuring measures and other streamlining actions completed, particularly in the fourth quarter. I can say reiterate what we have said earlier, that we are well on that track. We haven't set a figure for the run rate. Naturally what we are ourselves following, but we are well above this minimum requirement, so we are well on track on that. Thank you. A follow-up question from Markku. Was there any one-offs or exceptionally large items that affected adjusted EBITDA? Can we expect to see similar or improving margins in the second half of the year, and in 2020 as well? 2022. Martti, please continue. Okay. Thank you. All in all, there were EUR 1.7 million of adjustments in the second quarter. That's the difference between the clean EBIT of EUR 18 million and the adjusted EBIT of EUR 19.7 million. The largest item there was a EUR 1 million write-down for our last remaining risk project, in Germany, where we're stating that it will now take until the end of the year, and then there were smaller amounts, regarding to some acquisition-related costs and about EUR 0.3 million of restructuring costs. Regarding your question on the future profitability, we have, of course, our guidance. You heard the statements earlier from our Interim Chief Executive Officer and myself, and I hint you to read through the Chief Executive Officer comments, which I would say overall are probably on the positive level. We're also stating to close up as the last sentence in the Chief Executive Officer comment that our financial targets established in November 2019 remain valid. Thank you. One more question from Markku Moilanen. Can we expect to see positive revenue growth in projects in the second half of the year? We believe so, yes. Okay. We have a question from Matias Rautionmaa at Danske Bank. As you probably reviewed your project margins at the end of half one, was there a negative impact from higher material costs? Probably yes, but limited. Thank you. A follow-on question from Matias. You kept your guidance unchanged despite EBITDA doubling already in half one. Do you see material risks that could reverse the positive impact from the cost savings and volume growth? No, not really, but we take it slow and easy. We want really to be sure that we actually are getting to our final goals for this year. Of course, we still have the COVID-19 around us, so we decided to be a bit cautious, I would say. Okay, we are now back and trying to reconnect with the operator. Can you hear us? Yes, you can be heard loud and clear. Very good. Please go ahead if there are any line questions. Certainly. Ladies and gentlemen, if you would like to ask a question, please signal by pressing star one on your telephone keypad. If you're using a speakerphone, please make sure your mute function is turned off to allow your signal to reach our equipment. We'll pause for just a moment to allow everyone an opportunity to signal for questions. We'll now take our first question from Anssi Kiviniemi from SEB. Your line is open. Please go ahead. Hi, guys. Thanks for taking my questions. Sorry if these questions have been already answered. I don't know because I was cut from the line. Nevertheless, here I go. I will take them one by one. You have highlighted the lower utilization in the project business impacting the performance. What is the situation now, and what is the outlook on the second half of the year as you highlighted the project business, you expect it to grow. A little bit elaboration around that. Thanks. Our belief that the low level has been reached, and now we can see a positive uplift during the second half of this year. Maybe you would like to add something, Martti? Okay, thanks. No, not really here. Okay. Thanks. The second question is. Is, go ahead. Go ahead. Yeah. Okay. The second question is on industrial business. In Q2, it was supported by larger maintenance breaks. What is the outlook for the second half of the year? Is there large breaks happening in Q3 and Q4? Could you talk a little bit about the industrial activity altogether? What should we expect from the business? We also can see an uplift in that segment, clearly. Our sentiment is generally positive also there. We don't see any other postponements and so at the moment. Of course, the COVID-19 situation is still around us, so we can't be to 100% certain that new things doesn't appear. That is still some cautious. Okay, thanks for that. The last question is for Martti. Increase in trade and POC receivables. Could you talk a little bit about the drivers behind the increase and thus the, let's say, muted cash flow? What is driving the development, and is this normal seasonality or does this indicate that you're accelerating in terms of growth? Or how should we read it? Thanks, Anssi, for a very good question. Like I already mentioned, if you look by the figure facts, there's an increase in this trade and POC receivables put both together of EUR 35.5 million since the end of March this year. This is the growth in the second quarter. We have naturally analyzed that this comes from a couple of divisions. I should mention one, which is the industry division, where we had a lot of those postponed shutdowns. We have done a lot of work where sent out invoices, and we expect to catch the money in the ordinary way now in the third quarter. Also we had one of those very last remaining risk projects where we sent out large final invoices at the very end of the second quarter, which impacted the receivable level. It comes from a few divisions. I shouldn't say it's an overall big trend. Another thing which is a little bit impacting that, as we know, if you look into the order backlog growth, it has been smaller in projects. If you compare to a year-on-year comparison, so we have a little bit of less of these project startups in the beginning and less of prepayments. There we have a belief that that could also improve in the second half. Having said all this, if I look forward, typically our cash flow has been always strongest in the fourth quarter. That's my expectation also for this year. Okay. That's pretty clear. That's all from me. Thank you. We are now taking the next question from Svante Krokfors from Nordea. Your line is open. Please go ahead. Yes. Hi, Svante from Nordea. I hope you can hear me. Yes, we can hear you. Yes, please go ahead. Good. Yes. Yeah, Anssi, as usual most of the questions have been asked. I have one left. Perhaps you could elaborate a bit on, you mentioned that in profitability development, especially Industry Germany, Norway, and Sweden progressed well. Could you specify that, I guess, industry is from the shutdown works that came in, but can you give some more color further on that? I don't really say that. It's a lot of projects has been postponed in all these divisions because of the COVID-19. Also, of course, that we can see now that all the actions we have been taking internally and also the cautiousness we have in deciding what type of progress we should do, we can feel quite confident going forward. The targets remain as we have stated before. Maybe you would like to add something here as well, Martti. Yeah, maybe a few comments. First of all, on Industry, there were already a couple of comments. First of all, we've been able to do a complete integration now with a Maintpartner deal, and we are very happy about that. There was some sort of impact from the postponed shutdowns now in this second quarter, but at the same time, we've been able to actually well reach into the new growth investments, which the industry has started, and our backlog is growing. It looks good on the Industry side also going forward. If I look into Norway, we had growth of 29.3% in EUR. That's also partly because of currencies, still very clear growth. We've been also there very well winning new contracts, especially on the services side towards the end of the quarter, also in projects. There we are very happy about the progress. If I turn to Sweden, still a couple of years back, we had also problems in project in Sweden, but now we haven't had any problems there on the project side, and we've been completing a good trend in service. Finally on Germany, we have all said much earlier that we have been already on a good profitability level in service, but there we have been able to continue growing and at the same time improve clearly on the project side. We still have a lot to further improve on the project side, but we are very well on that track, what we have established for ourselves. Also said we have the different divisions are a little bit in a different situation now. I would say that the catch up is going very well in Sweden and Norway, as Martti mentioned. In Germany, we have started to see the positive trend going forward. They are a little bit after. Yes. I would say the trouble we have going further, and which we are working intensely with, is our Danish operation, but that's also the smallest we have in our group. There is still a lot to do, but generally positive, I would say. Okay, thanks. Thank you. Perhaps a question about projects. You guide that you expect to see growth in H2, I guess it's fair to assume that the full-year growth for projects will still be in negative territory. Is that correct? We don't guide- Difficult to say, but probably, yes. Probably, yes. Yeah. Yes. Difficult to say, but probably, yeah. Maybe to add that, typically, we have been seeing now the stabilization in the market demand. We expect to win and get our order backlog better, but it all into better balance, and this has already started, but it always takes a little bit of elapsed time before those projects start. In particular at the end of the year, we hopefully should be in growth. Most importantly. Thanks. Mats, if you want to comment to that. I just want to add that the most important for us is actually also to get the healthy projects where we have the expertise, we have the right people to actually manage those projects. We are extremely careful about which ones we are taking in. Perhaps finally, you probably will not give an answer, but I will try still, about the profitability in projects and services. Is there anything you want to comment? I think you have mentioned at some point that you might start to open up the profitability levels, but is there something you can say about the absolute level between the two divisions? Martti, do you think? No, I don't think we can state more than we have given qualitative comments throughout. We have said that the profitability and performance in services is overall on a strong level, and we have seen the improvement trend, also clearly in projects. Okay, thanks. That's all from me. Thank you very much. Ladies and gentlemen, once again, if you would like to ask a question, please signal by pressing star one on your telephone keypad. Once again, ladies and gentlemen, please press star one to ask a question. It appears that there are none further question at this time. I would like to turn the conference back to our speaker for any additional or closing remarks. Okay. If so, I would like to conclude. Thank you very much to attending to this conference call. We are really happy this time to give such positive news from the group. At the same time, I'm extremely happy because on Monday, I will be welcoming Jacob Götzsche, which is the incoming new Chief Executive Officer of the group. During the past months, I have got the ability to learn to know Jacob quite well, and I'm absolutely sure he is the right man to give the support for the group and the group people and all the people in Caverion to reach the next level. I'm extremely happy and also happy to go back to my ordinary work as Chairman of the group. I look very much forward to that, and thank you, Milena, for the support this day. Sorry, Mats, we still have a couple of questions. These questions are just rolling in. Oh, sorry. I didn't realize. Maybe we'll still continue. I didn't realize. I'm sorry about that. Sorry. Oh, it's okay. You take those. No worries. One question about the seasonality of adjusted EBITDA. In recent years, adjusted EBITDA has been stronger in the second half of the year compared to the first. Can we expect this trend to continue also this year? Question from Markku Moilanen. Yes, Martti. We don't separately, of course, guide. This is no official statement. There's nothing official we can say. If you look into the past quarters, typically the fourth quarter has been the strongest and the third quarter quite often the second best. That's a natural sequence. It correlates with the level of business activity in our lines of business, both services and projects. A question from Olli Koponen at Inderes, about Norway in the Q2. It was growing pretty fast. Is there any specific reason for that? No, not really. It's a good demand in the Norwegian market, and we have a division who is taking on that in a very positive way. Not everything. Everything is in a good order there. Yeah. It's partly also the currency effect, the krona against the euro, maybe about half of this growth relates to that. In particular, our services business we've been able to show very good progress, and we were winning towards the end of last year good orders which we've been able to take forward. Also the demand seems to be the strongest at the moment in the group. Yes. This is the final question at the moment. Coming from Jussi Koskinen, is this the right way to estimate Caverion's long-term growth? Organic revenue growth exceeding 4% per annum over the cycle and acquisitions according to capital left after dividend payments, assuming there are suitable acquisition available. Please answer, you can. Yeah. I wouldn't say that it's the right way to assume, but we have stated our financial target in terms of growth is higher than 4% organic growth over the cycle, which is our clear target. We have described a lot, and Mats described a lot the sustainability trend and the opportunities that could give and probably will and should give going forward. That of course correlates with that, and then how much we are able to find suitable acquisitions, that will always depend. Of course, one cannot say directly that you would use all your excess cash for acquisitions. If we find good targets, of course, it's a very good area to invest. We will look into that, of course. Of course, the aim for us is to grow. It's extremely important for a group like ours to grow, and we have a very good market in front of us, all the possibilities is in our hands. Thank you. Now it seems that we are done with the questions from the webcast as well, so I would like to thank you all for participating, and this will now conclude our webcast for today. Thank you. Thank you very much. Thank you. Thank you very much.