Good morning, everybody, and a warm welcome to this news conference on Caverion's full year results. My name is Milena Hæggström. I'm the Head of IR here at Caverion. Today's presentation will be held by our President and CEO, Jacob Götzsche, and our CFO, Mikko Kettunen. You may also ask questions over the conference call and on the internet after the management presentations. Now please welcome Jacob Götzsche. Thank you very much, Milena Hæggström. Good morning also on my behalf. I will share this morning presentation with our CFO, Mikko Kettunen. The presentation will take approximately 30 minutes. Let's have a look at the agenda. We have four topics on the agenda for today. I'll start with the year 2022 in Caverion in brief, including our group development during the period covering the full year 2022, and then focusing on the highlights of Q4. I will then continue with our operating environment, a few words about our most recent customer contracts, the effects of Corona, our continued execution of our M&A growth strategy. I will end up with our progress in the sustainability targets for 2022. Mikko will then cover our second topic on the agenda today. He will go more in detail with our financial performance. Finally, I will close with our guidance for the full year 2023, and I'll give you the most recent status update of the public tender offers. Let's go to the first agenda item, the year 2022 in brief. I'm really proud and happy that Caverion in 2022 delivered strong performance and earnings. Our full year revenue was EUR 2.35 billion, up by 9.9%. The performance improvement was supported by the overall revenue growth. We are satisfied with the organic growth of 8.6%, and at the same time growing our order backlog to EUR 1.94 billion. Our earnings were record high during our nearly 10-year history as a public listed company, and our adjusted EBITA was EUR 105.8 million. Furthermore, our earnings per share almost doubled from 2021. We saw a clear profitability uplift through performance improvement actions during the year. Furthermore, we continued our growth in service and continue our efforts in improving projects, which have gradually resulted in healthier and more profitable project portfolio. Our operating cash flow did also improve despite the cost inflation and higher sick leave levels during 2022. We also closed 12 acquisition with a total annual revenue of EUR 94.3 million. I'll come back to some of these acquisitions in a bit more detail later in this presentation. We are also pleased that we succeeded in divesting our Russian business in Q4, 2021. All in all, we are very pleased about the overall development of the company in 2022. I would also like to use the opportunity to thank all our nearly 14,500 employees, all our customers, all our stakeholders who supported us in delivering these great results. Thank you very much. If we look at the details of what did we do in Q4. In Q4, our revenue increased by 16.7% to EUR 682.9 million, and we delivered organic growth of 14.9%. The organic growth was partially driven by the increased cost of materials and external services that we were able to successfully factor into our sales prices. We estimate the inflation impact to account for roughly one-third of the organic growth, as we have also alluded to in previous quarters. We expect our solid order backlog to support revenue growth also going forward into 2023. Our profitability and cash flow improved in Q4. Despite the cost inflation, higher sick leave levels, we were able to show resilience and improved our Q4 adjusted EBIT to EUR 38.7 million, which was up by 28.7% from the previous year with a margin of 5.7% of revenue. I'm very pleased that in our current operating environment, we could improve our operating cash flow before financials and taxes by 39.4% from the previous year's quarters to EUR 106.9 million in the quarter. This was a very high-level summary of our performance in Q4 and for the year 2022. All this is in line with our sustainable, profitable growth strategy published in May last year. If we look at where is Caverion operating. The operating environment was not easy to navigate in during the year. Overall, the economic uncertainty has increased during the year due to the geopolitical tension relating to the Ukraine conflict, resulting in subsequent energy crisis, mounting inflation, rising interest rates, and lowered economic growth prospects. Inflation accelerated during the year, and the cost inflation related to material prices, including fuel costs, continued to impact also the building technology market. Also, the COVID pandemic still continued to have some impact on the operation environment through higher sick leaves. In service, the market demand and general investment activity remained positive. We have continued to see a general increase in interest for services, and services supporting sustainability, such as energy management and advisory services, supporting our strategic focus in the green growth. There has also been increasing interest towards long-term and large-scale service agreement. Growth has been limited by the availability of competent workforce and delays in some parts of the supply chain. In the projects, the market demand remained mostly stable. The market was impacted by increase in material prices, delay in decision-making and supply chain, as well as some uncertainty in the business environment, especially related to new construction. The economic environment that we are operating in haven't changed a lot. The economic sentiment weakened in Europe during 2022, along with the lower economic growth prospects. On the slide, you see the economic sentiment and the construction confidence indicators issued by European Commission in December 2022. Although Caverion exposed to the construction industry in our project business, part of the revenue is coming from renovation. Also a big part of the projects related to the new builds is coming from the public sector. These segments have typically performed resilient through cycles. Our other customer segments are typically also impacted in different stages, and the renovations typically increase if the new build goes down. Last but not least, we are not that exposed to the residential segment. Here we can see the customer prices have increased rapidly and continue to impact our market. This is also visible in the cost inflation related to material prices, including fuel costs, that continue to impact the building technology market. The high inflation still continue to have some impact on the building technology market, although we have seen some first signs of material price inflation cooling down. There's also been supply shortage and delays in some areas. We, as a company, has proactively taken various measures to optimize the supply chain and to manage the pricing. The key measures for managing the cost inflation include price increase clauses in tenders and agreements covering material, labor, energy, and fuel costs. We have been able to grow with our existing customers in 2022 due to good customer experience delivered by our almost 14,500 skilled employees. I'm very pleased to share three example of our recent customer contracts. The first one is a good example of how we build on our existing customer agreement. Here we continue as the technical maintenance partner with Technopolis in Sweden and in Norway. The partnership was initially established in 2018, and now we continue to focus on excellent end-user experience and further execute also large investment projects with a focus on energy savings. For example, at Technopolis Fornebu campus in Oslo, Norway, the new sustainable, smart and reliable solution provided by Caverion building automation system has helped to reach an annual energy saving of 20%. In the second case, our long-term cooperation partner, the Finnish mutual pension insurance company Varma, is aiming for zero emission electricity by 2025 and zero emission heat by 2030. Varma's achievements on these climate targets is supported by its wide cooperation with Caverion to improve the energy efficiency of the properties. Modern technology, digitalization, and artificial intelligence are now increasingly used in the services covering the property management, the energy management, remote management, and 24/7 help desk. Thirdly, we have signed an agreement with Peab for the design and implementation of heating, cooling, ventilation, and medical gas solution at Hudiksvall Hospital in east-central Sweden. The agreement also include the construction of a new technical building. We enable a circular energy cycle where both plant savings and sustainabilities are at the center. The solution is based on the fifth generation district heating, which will provide savings of at least 2,000 megawatts per year, equaling the electricity supply for about 130 average-sized family houses. As I've said many times before, our people in Caverion is our biggest asset. In 2022, we had more than 560 new employees joining Caverion as a result of our acquisition. At the end of December, we employed almost 14,500 employees. Due to the corona, sick leave levels increased compared to the previous years. However, this is the new norm, and we are getting used to it, and we plan accordingly, which our results and employee satisfaction also demonstrate. We have taken many extra actions to protect our employees due to the corona situation. Safety always comes first. Our accident frequency rate was 4.0 at the end of December. It's one of the best in our sector, and we continue to focus on this. We also have a very diverse management board and board of directors, and we were recently awarded to be among top 10 in the Nordic Business Diversity Index in 2023. As I alluded to before, we have been very active in the M&A front in 2022, and we expanded our capabilities and competencies in line with our strategic priorities to grow and support our customers. This year, we have closed 12 acquisitions with a total annual revenue of EUR 94.3 million, of which three acquisition was in Q4, with a revenue of EUR 11.5 million. As you see on the next page, we have listed three companies that we have acquired during the fourth quarter. We acquired Simex Klima & Kulde in Norway, one of Stavanger's region's leading suppliers in technical installations of indoor climate cooling heat pump systems for commercial buildings. This acquisition complements our service capacity and market share in the region. The company has 25 employees, and its revenue amounted to EUR 4.0 million in 2021. In Finland, we acquired LukkoPro. This is a bolt-on acquisition for us in the smart security and safety services. With this acquisition, we strengthen our position, especially in locking and access control services. The automated EasyKey key management services developed by LukkoPro will also expand our digital service offering in this space. In 2021, the revenue of LukkoPro was approximately EUR 5.6 million, and the company employs 35 people. We also made another acquisition in Finland in Q4. We acquired Carrier's food retail refrigeration business in Finland. The transaction will further strengthen our refrigeration business and expertise and will bring Carrier's market-leading food retail refrigeration product portfolio to our offering. We welcome 17 people from Carrier to Caverion. We are also very proud that we signed an agreement to acquire TM Voima group's substation and transmission lines business in Finland and Estonia on October 27th, 2022. The acquisition strengthened our presence in the energy sector. This acquisition has now been approved by the Finnish Competition and Consumer Authority, and the acquisition was closed on February 1st this year. We are very happy to welcome our new colleagues with their expertise and seniority that they can bring to Caverion and vice versa, that Caverion can bring to the customers of these companies. We continue to execute on our strategy and invest in additional capabilities and competence to fuel our ability to serve our customers and grow with them. We are continuously working with a healthy pipeline in this area. We also made one divestment during Q4. On the 28th of December, we sold ALEA GmbH, an Austrian provider of soft facility services with 230 employees to Avalon GmbH. We acquired this soft facility service company in August 2022 as part of the acquisition of PORREAL Group. In 2022, we have continued to work with our sustainability strategy. In line with our purpose of enabling performance and people's well-being in smart and sustainable built environment, we are driving our sustainability actions by caring for our people, ensuring sustainable value chain operation, increasing our handprint, and decreasing our footprint. Let me close my presentation with an update on our progress in the sustainability target achievements and the actions we have done in 2022 on the next slide. Let's have a closer look at the progress in some of the KPIs and the development since 2022. The sustainability targets and the way we are measuring is moving all the time. We will continue to further define the calculation principles for our sustainable targets based on the guidance in the market. In the first area, our business makes sustainable impact. The total carbon footprint has reached a level of 90% in 2022. It's up from 2021 of a level of 80% and back in 2020 of 66%. Our team has made a huge effort here. We have also made progress with our Scope 3 calculation. We will report more on these figures in our sustainability report and non-financial reporting that will be published in week nine. We have also made progress having a defined carbon handprint in all our offering, as roughly 25% of our offering had a defined carbon handprint in 2022. Our target of having 5x carbon handprint over footprint continued the positive development in 2022, as our carbon handprint versus footprint ratio is now more than 3x. It has tripled since we published our target in November 2020. Our target is to create sustainable impact to our solutions with a positive carbon handprint 5x greater than our carbon footprint by 2025 and 10x greater by 2030. As I said before, our employees are, of course, a focus area in Caverion. Our Lost Time Injury Frequency Rate stayed at the same level in 2022 as in 2021. However, it's at a very good level, and it's in as one of the best compared to our peers. Our target here is challenging at below two, which demonstrates that safety at work is key for us, and everything that we do is we care for our people. All our employees is trained in sustainability, and we launched that in Q4 in December, and already now, 30% of the employees have completed this e-learning. We also embrace employee diversity with focus on gender equality and empower women in our industry. Here we want to increase the share of female employees to 15% from 11%. We believe that it's something where we can make a huge impact to get more female into Caverion. We are trying to address this issue every day and coordinating actions between the divisions to get this number to increase. As I said before, our group management board, we have 23% female, and in the board, 29%. Finally, in the area of ensuring efficient and high-quality implementation of our sustainability, our supplier code of contract rate has already increased to 74% from 63% in 2021. That was a little bit about the highlights of our sustainability targets and the progress we have done during the year, which I'm very proud of. I will now hand over to Mikko Kettunen, who will go through our financials before I close with our guidance and the dividend proposal and give you a status update of the ongoing public tenders. Mikko. Thank you, Jacob. Good morning also on my behalf. Now I'll go through selected highlights of Caverion's financial performance during the fourth quarter and full year of 2022. Our revenue in the fourth quarter was EUR 683 million. This represents a growth of 16.7% compared to 2021. We estimate that roughly one-third of the organic growth of 15% was driven by the increased cost of materials and external services that we were able to successfully factor into our sales prices. Our full year 2022 revenue grew by approximately 10% to almost EUR 2.4 billion. Let's now have a closer look on the revenue composition. All our divisions have been growing both into the fourth quarter and during the full year because of increased underlying activity and partially also indirectly due to the inflation impact that I already mentioned. If we look at the full-year revenue split between services and projects, we can see that the share of services keeps on gradually increasing and was now slightly above two-thirds of group revenue. The services business accounted for 66.8% precisely. Let's have a look at our most important for us looking KPI, i.e. the order backlog at the end of December. As you can see, in addition to the increase in revenue, also our order backlog is increasing. This strong order backlog provides us with a solid foundation to continue our sustainable, profitable growth journey. Around 63% of our order backlog is estimated to be realized as revenue during 2023. Jacob will come back to our outlook into 2023 a bit later. Before that, let us look at the highlights of the fourth quarter and full year profitability. Our fourth quarter adjusted EBITDA amounted to EUR 38.7 million, which is an improvement of almost 30% compared to the corresponding period last year. As a matter of fact, the best quarterly result ever during our nearly 10-year history as a publicly listed company. The respective margin was 5.7% of revenue and continued the pattern that we've had throughout this year of being more profitable than the corresponding quarter in the previous year. A key element behind this development in a high inflation environment is that we have managed to cover material costs increase in our pricing. Our full year 2022 also was marked by a clear profitability uplift as a result of the determined performance improvement actions made during the past years. The adjusted EBITA increased by 20% to EUR 105.8 million in line with our guidance. Let's turn to cash flow development next. When we look at Caverion's quarterly operating cash flow, the attention is easily drawn to the EUR 107 million cash flow in the fourth quarter. There is a clear seasonality pattern in the cash flow in that the fourth quarter is always or typically at least the best quarter of the year. What makes 2022 special in this respect is the sheer magnitude of the fourth quarter operating cash flow in it being alone more than the full year cash flow of 2021. Talking about the numbers of 2022, one can say almost about any KPI that it was best in the history of the stock listed Caverion. CapEx is not an exception to this. The driver behind the high CapEx is that we have completed 12 acquisitions during the year, as Jacob already explained earlier. The strong cash flow you saw on the previous page is of course linked with working capital development. Our working capital decreased by EUR 66 million, essentially to the same negative level we were at in the end of 2021. We are of course, very happy about this performance, while in the end of the other quarters in 2022, as you can see from the graph here, we were clearly behind 2021, which was not our target. In the end of the year, we came back and we're at a very, very good negative level in working capital. We talked earlier about business split and the fact that the share of our services business from the total revenue is gradually growing and was already slightly more than two-thirds in 2022. This, the negative working capital, if you will, is a normal characteristic of a well-managed project business, whereas the growth in services is prone to eating some working capital as well. As such, the service is growing and our working capital being so negative, we are very satisfied with the position in the end of the year. I'd like to finish my part of the presentation by saying a few words about our debt financing. The active implementation of the sustainable growth strategy through acquisitions has increased our net debt to EUR 200 million at the end of the year. The excellent profitability development in the fourth quarter brought our leverage ratio down to 1.2x EBITDA. As such, I would state that on the leverage front, our situation is very stable. Our debt maturity position in this financial markets where interest rates are increasing and availability of financing also has been a little bit worse in the last months. The situation for us is very good in this respect. With that forward-looking final comment, I'd like to welcome Jacob back on stage to present our market outlook and guidance. Thank you, Mikko. In 2023, we expect the underlying demand to be overall positive in service. In projects, we expect underlying business activity to remain stable. This is supported by a healthy order backlog. Having said that, in projects, the economic uncertainty may start to impact the demand environment negatively going forward. As I said earlier today, the activity in projects is also impacted by different cycles. For example, the public sector that will not decrease as fast or even stay at the same, and other customer segments that will potentially not be impacted. The same goes for renovation that will potentially increase. Based on this market, our outlook, our guidance for 2023 is that Caverion's group revenue and adjusted EBITA will grow compared to 2022. The Board of Directors propose to the annual general meeting to be held on March 27th, 2023 that we will have a dividend of EUR 0.20 per share for the year 2022. Regarding the dividends, it's noteworthy that should the recommended tender offer be executed, any dividend would, according to the terms of the offer, be deducted from the offer price. We strongly believe in our purpose to enable building performance and people's wellbeing in smart and sustainable build environments. The digitalization, the sustainability, the mega trends are in many ways favorable to Caverion, and believed to increase the demand for our offerings in the future. The expected impacts and risk of the crisis on our business have been described in more detail in our financial statement release 2022 report and on our website. During this year, we have shown in Caverion that we are able to mitigate and work in these challenging times and still improve our business. Therefore, we stay confident that we can continue our positive development and implementation of our strategy in 2023. Finally, let me close by giving you a brief status update of the recent public tender offers and the next step. As you can see on this slide, there has been two bidders competing on the public takeover of Caverion, a consortium headed by Bain and Triton. The board of directors of Caverion has recommended the Bain consortium's public tender offer in its renewed statement on the 24th of January this year. According to this tender offer, the share price offered stands at either EUR 8 per share in cash, payable at the completion of the offer, or alternative, a debt instrument entitling to a fixed cash payment of EUR 8.5 in nine months from the completion of the offer. For the shareholders who have already accepted the offer at EUR 8 in cash consideration, this will be paid automatically upon closing once the offer is declared unconditional. Those shareholders who wish to choose the debt instrument alternatively should first cancel their previous acceptance and then make a new acceptance for that alternative with a debt instrument. A more detailed status update on the recent tender offers has been presented under events after the reporting period in our financial statement release for 2022. To close up, these tender offers announced provide clear evidence that our goal to achieve sustainable growth by serving our customers along the entire life cycle of the build environment, assisting in the green transition to smart building, is an attractive strategy. In the meanwhile, we at Caverion continue our cooperation with our customers on a daily basis to serve them. This concludes our presentation, and we are now ready to take the first questions. I will hand over to Milena Hæggström, who will run us through the Q&A session, and I'll also invite you, Mikko Kettunen, up here to join me. Thank you, Jacob, and let's start the Q&A session now. We have a microphone here among the audience, so if you have any live questions here, let's take those first. [Jussi Koskinen]. Congratulations for improvement in profitability. When I'm looking at the EBITA figure, I feel that there's still lots of improvement in efficiency, value add, and mix of services and mega trends. How do you feel, could it be possible to achieve 6%-7% EBITA in, let's say, at the end of the financial or this planning period you are having? Maybe I should start, then Mikko can chip in. We have said in our updated strategy in May that the question was also why are you only targeting above 5.5% in your strategy? It's simply because we haven't walked the talk before. Now we want to demonstrate that we deliver on our promises. I think the last many quarters we have shown that what we promise is also what we deliver. I'm very proud that we also have delivered a little bit more with this record high results. Therefore, it also says above 5.5%, why should we stop? I agree with you. I don't know if you have anything to add on to. Thank you. Thank you. Do we have any more questions among the live audience? It seems not. Let's move over to the conference call. A reminder, if you want to ask a question, please press star five on your telephone keypad. Now over to the operator, please. If you wish to ask a question, please dial star five on your telephone keypad to enter the queue. If you wish to withdraw your question, please dial star five again on your telephone keypad. As a reminder, if you wish to ask a question, please dial star five on your telephone keypad. There are no more questions at this time. I hand the conference back to the speakers for any closing comments. Thank you. We have one more question from the Internet, so I will read it aloud. It's from Morgan Stanley. Do you now see that all the major project write-downs are behind you? Do you see any further risk in the German cartel cases, or is the risk fully accrued for? Shall I? However you want to do it. I would say so that write-downs and write-ups are an integral part of project business. What it means is that when a project starts, we estimate what the profitability of the project will be, and this will be updated, and it will always be somewhat different one way or to the other in the end of the project. That being said, there is a clear evidence in our numbers that we published today, as well as what we see in the internal processes of the company, that we have clearly improved the risk management of our projects, both in terms of approving or accepting and signing new contract, as well as the execution part. Therefore, our... Clearly, our understanding is that the write-downs, as you've seen in the previous years, will not be at the same magnitude. This is also in line with the guidance, the financial guidance that we've been given for the financial year, which is that our EBITDA will increase from 2022. Should it be the other way around, that we would expect the write-downs to further increase, we couldn't be in the position to give this kind of guidance, I think. With respect to the cartel cases, what I could say in general about the cartel cases. this. In 2018, when the biggest financial impact, meaning the fine that we needed to pay was realized, what is the typically the pattern in this kind of cases is that the civil claims, one of which we still announced and happened and hit our numbers in the fourth quarter of 2022. The biggest civil claims tend to come soonest. Naturally, if somebody has a big financial interest, it is natural that they will try to get that money as soon as possible because there is a time value of money which also is increasing, or the interest rates are increasing. It is natural that the biggest will come first. There is the other natural general phenomenon around these cartel cases is that it is a very expensive sport, if you will, to make the economic analysis and drive the legal case to come after your receivables, so to say. It is also another pattern is that while the biggest tend to come first, then also there is a certain limit under which it doesn't make sense to drive these cases. That being said, we cannot say for sure if this is all over or if there's still something to come, but the likelihood and the magnitude in general tend to decrease over time. Thank you, Mikko. We have one more question, from Alan Lyons. What do you think of the antitrust risk associated with the Triton offer and Assemblin? Thank you for the question. First of all, everything regarding the two tender offers is based on the board's decision, and it's taken care of the board. What we are doing as management, we are focusing on the daily business. We are focusing on our employees, our customers, and all the relevant stakeholders of Caverion. The process in respect of the tender offer, that's a board issue, and I have no opinion about the legal process or getting any approval. That's taken care of the authorities, and I'm pretty sure that the two bidders, they are also in control of that. Let's see what time will show. Thank you, Jacob. This was all the questions we have, from the webcast. Thank you. This will conclude our webcast for today. Thank you all for your participation. Thank you for the good questions. Thank you very much.