Hello, everybody, and welcome to this webcast covering Fifax financial report for the first half year of 2023, which we released here earlier today. We have here today, myself, Samppa Ruohtula, the CEO of the company, mainly presenting, and with me, I have Linda, our CFO, who is also available then to answer questions if needed. We have also Tapio Pesola from our comms team here to help us with the questions and answers part once we come to that point. So, the agenda for today, for today's webcast, is as shown here, quite straightforward. We'll start with the short update about the operations, then touch upon the key events of the first half and the financials, and then look a bit forward where we are going and in terms of operations and financing, and round up with a bit broader view then again, what's happening in the market outside. And then end with the Q&A session to cover questions that still remain unanswered. So let's go ahead. The past 12 months for Fifax or the past a bit over a year has been quite an interesting one, as we've communicated along the way, due to the IHN virus infection that we were hit with back in June 2022. After that, the key point really for the first half of this year is that we have successfully restarted our operations. The sanitation work, the whole process and long project was completed in January. After that, still there was then the six-week mandatory dry period when everything was left at rest at the facility. And then finally, on first days of March, we got the keys back to the factory, so to say, in terms of operation, and could again start focusing on our main job, meaning raising fish in the facility. So, the first egg batch was taken in mid-March, received and started hatching, and from them, we then have gone onwards with the farming operations, and more about that a bit later. And in parallel, we have undertaken development and improvement activities and installations according to the plan that we already presented in spring time. And those are still, as we speak, ongoing, and then the fish is growing in parallel. So quite straightforward operations story in the way. And the great thing really here is that we are back at farming fish and having a lot of activity in those areas that already are in use. And to expand a little bit on that and remind also what we presented in the spring when we set out the plan for the restart. We have started the first part of the facility that was started was the hatchery, with the first egg batch of 800,000 individuals back in March. This chart here gives a principal view on the key parts of the Eckerö facility. What is now ongoing is that as the batches naturally grow, we then expand and take in use more and more segments and sections and units from the facility in sync with the needs of the growing fish stock. The target for this year is that we have the hatchery and the fingerling producing units at full speed, and then we have started the first of the three grow-outs and then moved again the first fish over there. In parallel then done the technical installations that we want to do here in order to improve. More about that later. This is where we pretty much now are. The hatchery is in full activity. First batch in March. Next batches have come in also. The fingerling unit is full of fish with all the tanks in use. The first batch is now there. Then we have done a lot of the works for the improvements, planned improvements, also in the grow-out one, where we now foresee being able to move the first live fish then quite soon, actually. And the evolution then goes onwards so that these first batches of fish will also be the first ones to be harvested, and they should reach harvest size during second half of 2024. So these are long cycles, but going according to this pacing onwards. Here's a couple of pictures to still a bit give more insight to these steps that I described. So on the left-hand side, you see the first actually egg batch placed in March into the hatching phase, and that's where it started. They have advanced well. And subsequent things are all have also been taken in. Then in the middle, there's a picture of actual fingerlings in the fingerling units. This picture is just after the end of the reporting period, so from early June, sorry, July, of course. And since then, now we are at the end of August, so they have pretty much roughly doubled in size from that, and it's advancing quite nicely. The growth has been very, very positive, and clearly also the improvement activities that we've done have delivered the results that we have expected. And so water quality is very good, and then the growth and mortality rates are as expected. So it's really promising in that sense. And then the right-hand side picture is just one example of the number of technical development investments and improvements that we have been implementing. That specific picture is actually part of a new ozone facility that we have installed down already at the pumping station by the sea, whereby we disinfect the incoming seawater already. Already first step outside, the water even enters the fenced area around the factory. So extending the biosecurity gates and steps even more and extending the disinfection facility. And then there's, of course, other things ongoing as well. All in all, these development and improvement activities and investments that we do are not only in a way a response to the observations on biosecurity. Many of them have been in our plan earlier as well. This slide was in the spring as well as in our presentations. But really the thing is that we are targeting increased biosecurity and safety, and also through this compartmentalization of the process into more separated entities to be able to limit the impact of different changes and instances in different parts. The specific place there are also targets of increased productivity and performance and also sustainability. Many of the activities that we do impact all three of these or directly, for example, two of these. All the developments are establishing kind of a virtuous cycle that impacts the whole system in positive way, and not only in response to findings in biosecurity after the virus incident. Then to recap on one slide, more in text form, the H1 activities in brief, which was already to a large extent mentioned. We restarted the aquaculture operations in March with the hatchery and the first eggs in the hatchery. It has gone on from there. As we communicated in our conjunction with the full year results last year and the AGM that we then also had, there, of course, is a financing plan for the restarting. The first step was that we, in the spring, in March, raised 5.2 million in new equity through a rights issue. Then in addition to that, we undertook in the late spring, during June, also a directed share issue of a bit more technical nature. It was converting certain elements in our balance sheet to equity, to a total value of 0.6 million EUR. So those financing activities were done concretely during the spring. The planned improvements, development activities, and the whole restart then of the farming activities and also the forthcoming starting of the first grow-out unit are progressing according to the plans that we made in the spring and in planned schedule. In parallel, even if we currently haven't had any fish to sell, we've been constantly also working with the market side, with our customers, and planning our products and branding and continuing with this so that we are ready and prepared when we again can resume actual sales. And also then, of course, working with the financing according to the communicated steps in the spring for the next stages of this overall restart program that we have put in place. Number-wise, the top key figures here is that we had no revenue, which of course is a special situation to be in, due to no fish being sold, and the operations hence were producing an operating loss of EUR 3.3 million. That includes certain one-off items up to EUR 0.6 million related to these financing projects in the spring, costs related to those, the rights offering, and then the directed share issue. Overall figures are in more detail on this slide. It's maybe easier to read these in more detail, and there's more data around this in the full report. What could, for example, be highlighted here is that the investment row, as you see, is not a very big amount still here in the first half. Overall, the investments from the restart program, the share of those that are part of this 2023 part, where we focus on the hatchery fingerling unit and the first grower unit and certain other things, is a comparably small part of the overall investment plan that we have for the full restart program up through 2024. So hence that's a reason to be quite small number still in this part. Then of course, as a result of this share issues in the spring, also the total number of shares has doubled since earlier. Other than that, I think the details are then to be found in the full report that is available on our website. Now then, looking forward, recapping and reminding of the financial and operational targets that we updated in the spring and are working against these now. Our short-term target for this year was defined to be that we start the hatchery and fingerling units and get them to full production, and then we get the first grower unit started, and fish to be grown there as well. And also then that the investments in the plan related to these parts have been made to these units. In parallel, the target is that during this year, we take the first steps on our new advisory business part and establish it. And then the midterm targets, which is next year, we continue the operations and expanding the farming operations in line with the natural growth and organic growth of the fish stock, which means that we then prepare the next required and needed capacity units, grower two and grower three, for the fish to be taken into those, so that the planned development measures that we already have been implemented to grower one are also then scaled over there, so that we have the same level of technical system readiness in all parts. Through that project program, then, we are targeting to reach the full fish stock, that the Eckerö facility can carry, and the full production output level during 2024. And as a reminder, in the Fifax Eckerö case, that means live weight output of 3,200 tons, 3.2 million kilos of fish annually. So that production level corresponding to that annual level is targeted to be reached in during 2024. And then in parallel, this advisory business operation is targeted to be expanded and developed onwards. Then our long-term targets remain as previously. By 2030, we intend then to expand the operations with the number of facilities on different suitable locations, and also then that this advisory business has expanded to an important level. Concrete revenue and EBITDA targets for that phase of the operations are EUR 125 million revenues with 25% EBITDA. To reach these objectives, like communicated in the spring, additional financing is needed. The first step for this year was financed according to plan with the rights offering in the spring, roughly EUR 5 million. Then as communicated in the springtime as well, to complete the full plan, there is an additional financing need of approximately EUR 10 million. This total EUR 15 million for the total restart phase is roughly half of it is investment, and the other half then operative costs and building up the working capital tied into the fish stock. And then for the further part, building new capacity on different locations, those then depend on the size of each place and where it's built and so forth, and that planning is still a bit more in the future. How we a bit more in detail then roll out this restart plan. It's the same picture we basically had also in the spring, with slight modifications. So the overall restart program taking us to the full, full output, and, and, in through 2024 to the early 2025, is there on the top. And, it's basically split in the plan, both in terms of operations and financing in two main steps. The step one, as just described, takes us to essentially operating a facility with technical upgrades implemented that has a capacity of 1,000 tons per year. And then as the fish stock and then the new batches grow and expand, they will need us to connect also the grower two and grower three, taking us then to 2,000 and 3,000 tons capacity, according to the curve and the growth curve of the fish in that sense. As a key reminder here, one of the key choices, central decisions we took last winter when planning the restart, was that we decided not to use external fingerlings going forward, but only build the fish stock from eggs hatched in our locations. This further even if there has been not the confirmation exact that where the virus last year came in from, and it has been confirmed that it wasn't present at the fingerling supplier facilities that we used. We still see that is one risk area that we by cutting out, we improve the overall risk profile of the factory, and hence, we have the full control of the also the background of the fingerlings from their hatching onwards and know how they have been performing during the first times. So, this is very organic, and it follows the growth curve then of the eggs that we have taken in as eggs, as you saw in the picture earlier, and then throughout the life cycle onwards. And then in parallel, this new area of leveraging and capitalizing on the accumulated expertise and know-how that we have in this growing industry. We are kicking off then this advisory and licensing business, and then the target is to, as I said, to start during this year. And that goes then here alongside on a longer term. And the financing steps that I mentioned, well, they're also then pinpointed. So with the 5 million raised in the spring, we cover the step one needs, and then for the step two, we are working to build the whole overall package then, and consisting of different elements to take us all the way through the program. The experience in both operations and then the special insights that we gained during the quite thorough sanitation project and handling overall of the disease incident last year, we see them very valuable presently, and we know that these insights combined support the whole industry, which is still developing, but with very fast paces and big objectives. Fifax has a leading operative experience in this field. There are still quite, quite, small amount of large-scale RAS facilities operating in the world, and companies and teams who have been involved not only in planning and constructing, but also through ramp up and to the point of delivering good quality market-sized fish to the markets in meaningful volumes from a large RAS facility are very few and dispersed here and there. Then Fifax, which is started on the notion of trying to maximize sustainability in the sensitive area of the Baltic Sea, and our advanced approach to that, is precisely also what is sought after globally in an increasing amount. And we know that with the operative approach that we have, extremely demanding targets for sustainability can be met. And then, like said a moment ago already, so we have delivered, even if it's still just part of a full capacity, one year's production, but we have delivered 1.3 million fish to our customers, and that has been sold and got good feedback from clients, customers in the retail chain and elsewhere. So we know that there is a base, that this fish is very appreciated in the markets. Then when you combine this base operations with something which is unfortunate, of course, but still unique, what we learned through this disease incident, that builds still on top. The sanitation operation we did first was the first large-scale virus sanitation globally in an RAS. And this whole process gave us very deep insights in how actually the system works, also in special situations like emptying and cleaning, and also was making it possible for us to verify in a new way and deepen our understanding of the process in different situations, and how the technology actually sort of behaves in different situations. So this is clearly we see it as valuable for improving operations, not only for ourselves and managing the risk and handling special situations, but also for other players in this still quite young industry. And this unique combined experience that we have, we see that this value is worth capturing, and hence we are encouraged to go forward with this advisory business that we have been talking about. Here at the end, still, I thought that it's worthwhile to connect this then to the bigger picture, that to discuss the fact that we see that the market is very strongly there, and there is a growth underneath that will continue for a long time onwards, and hence, the industry is extremely interesting for us to be in. There are these clear megatrends that are quite familiar but continue to drive the demand for fish, and nothing has changed in these fundamentals here since we have shown these the last time. Population grows, everybody needs to eat, protein demand grows. At the same time, climate change, but also other environmental concerns, force us to change the whole food production system so that we get those protein sources. We get to focus on protein sources to move from the more harmful to the less harmful sources for the overall environment, and then in a healthy way. The aging population and overall needs, of course, not only with the aging population, really put an emphasis on healthy choices, and salmonids that we are focused on are very healthy source of proteins with the very low climate impact. The way we do the farming, it's especially here in our area where the Baltic Sea is quite polluted and high risk of that tilting further. It's a solution that can specifically support here, but also then elsewhere. So there is a strong drive on the demand, but then the supply for fish is lagging behind, and therefore, there's a high interest in this area overall. Here is a simple chart, a bit putting into a timeline context that what actually is the thing. People have, of course, farmed fish for thousands of years or tens of thousands of years, even. Going very far back in very simple ways to somehow, in a controlled way, grow fish in an aquarium of some sort. But then looking on one particular slide here, specifically what has happened in the driven by the salmon industry, and then much of that has happened here in Scandinavia, Norway, but also then quite quickly with rainbow trout in Finland. But the commercial salmon farming basically started taking the first steps in the 1960s, and then here, Norway was one of the hotspots. Gradually, it developed into classical ways, then a bit glidingly, but one would say roughly in the 1980s, that the RAS method then came into the picture. First, of course, with small experiments and then smaller systems, and gradually then tests and trials in different places of the world, and even then, continuous production, but on a smaller scale, and quite much also focused on producing fingerlings and smolt then to be planted to these open water systems. And then actually, only during the last decade, the RAS started expanding to larger scale and also to larger size fish, and they started to exist, initiatives and projects, and also then companies providing these technologies. Fifax was one of the quite early pioneers on these really large-scale factories. Originally, the construction in Eckerö started in 2014, and when we look at the situation today, there are projects ongoing all around the world in more than 20 countries, and they are bigger and bigger, and clearly the demand is steadily increasing. It's clear that the capacity for fish farming is needed based on those trends discussed on the previous slide. One date, which is worth noting, is 2013. In this quote here below, the Food and Agriculture Organization of the United Nations states that or has noted and lifted up that actually the farmed fish volumes exceeded those of captured fish volumes 10 years ago, and this is just continuing. So that explains the demand, and, and, due to the sustainability concerns, this land-based movement is increasing because you can't increase capacity enough, in the natural waters due to restrictions that are piling up there as well. And, to look ahead at how this market of land-based projects or the landscape of land-based projects looks, and these rough number here are now specifically for the salmonid-focused projects that are building big grow-out units. So this omits the quite large number of projects for producing fingerlings and smolts for planting into the sea, and then also all the other species, which there are many of. But just the salmonid part, so the current capacity, roughly, these are combined estimates from different sources, is roughly 10 times that of Fifax current facility. Maybe more, maybe a bit less, but we are roughly there globally. And then when we look projects onwards, so there's roughly almost double that under construction. There are quite some visible projects by our, most of them by our Norwegian colleagues, but also other countries. But these are located all around the world, and many of these projects are also listed already during construction period. Planned projects that already have been permitted, but have not yet started construction is still more, roughly twice the previous amount and upwards. And then, the list of identified projects in concept, in planning and preparation phase, gathering financing, and so forth, also is still much larger, more than 1 million tons capacity. So there is clearly a drive to extend this still quite small business, and in that long continuum, we are quite excited that we are still one of the first large-scale projects that have already been operating and produced fish of good quality to consumers. And that may be just mainly as a sort of something to think about then for the future. And I think I'll round up this webcast then by just showing our summary of the key reasons we see why Fifax is an interesting company. Basically, I think that with that, I thank you for the attention at this stage, and now the floor is open for questions, if there are such in the audience. Thank you. Thanks, Samppa, and good afternoon on my behalf as well. I'll be assisting and moderating this Q&A part. As Samppa mentioned, now we have time for discussion, and we'll be taking questions. So at this time, just a reminder, please use the comment feature just below the webinar screen there to post your questions. And we will be then answering them. Okay, let's start. I see the first question coming from Pauli Lohi from Inderes. Could you give more details about your current fish stock and relevant metrics? For example, how is mortality, growth rate, and physical qualities of the fingerlings? Are there any differences compared to earlier batches before the virus? So, some metrics on the current fish stock, and then comments on mortality, growth rate, physical qualities of the fingerlings. Is it as expected? Yeah. Yes. Thanks. Thanks, Pauli. That's really the central question, and in brief summary, we can say that we are very happy with the progress. In the phase of being eggs and first feed, very early stage fish, and even up to the size of fingerlings, that they are still... These exact metrics are a bit difficult to communicate in a meaningful manner. It will be more interesting going forward when they grow a bit larger still, and we get to the grow-out, because then it's easier to follow. And our intention is to actually try to be able to communicate even a bit more detail the progress at that stage. What we now can say already is that these first, first fishes that we have have been developing very, very well. We have been with the first batch that we followed, followed very carefully, and that already been there for a while. Actually, for quite much of the time, we've been ahead of the curve, been ahead of the plans that we had. And that being still taking into account, for example, things that we were also starting the biofilter and the bacteria processes for ammonium removal. When you have to be a bit careful and balanced that accelerate enough, but not too much with feeding and stuff like that, to keep all the things exactly the parameters at bay. So, I mean, not to make it too complex, the simple metrics is that the absolute weight of the fish stock is of course small. In the report you'll see that 30th of June it was 2.4 tons. So, that's very tiny mass, but the number of fish, the mortality levels, and how they have been growing and performing overall during these first months has been really good. And that is certainly due to a combination of elements, but very much along the plan. So, the water quality has been very good based on these improvement steps that we've taken, and we have been very precise with the sort of feeding. We have also in terms of the working routines, we have implemented new approaches there. We now have the experts there working 24/7 in three shifts, so there are all the time competent people looking at that, this thing, being able to meet the needs of these small specimens very quickly and at all times of the year. As an overall result then, I think the key metrics are that we are in line with the plan very nicely. Thanks, Samppa. I don't know if it's enough detailed metrics for you, Pauli, but it's basically like that. So we are quite happy with the development so far and excited for the forthcoming steps then with more batches and when they grow onwards. Thank you. It seems that Pauli still has an appetite for more details. So the next question actually is about: How much variation do you see in the sizes of fingerlings, and is it more or less than in the past? So a bit more commentary on the size of the fingerlings. It's all also, I mean, in line with the plan. It depends a bit always on the tank and the particular community of the individuals in that particular tank. There's always variation. Is it Gauss curve or something else? Varies per tank. But I mean, overall, all in all, we think that we are very happy, and it seems that we are the thing doing... If we would compare with the earlier times, we are doing better than them overall, with all the metrics. Thank you. So according to plan, that as well. We have one final question from Pauli Lohi at the moment in the platform. So just a reminder for everyone else, and Pauli as well, if you have further questions, then now is a good time for posting those. So the final question at the moment from Pauli is about the advisory business, aspirations and plans. Do you expect any revenue from consulting business during this year, so 2023? Yeah. Our main target is to establish it, and then depending on what type of first steps and projects we get started, then that, of course, depends when it leads to exact revenues. But the key point is to get it moving, and I think I've said, I said in the spring as well, that it's baby steps. We don't expect large revenues during the first months, but we definitely see that it's a long time track, and it takes time also to build the foundation to be able then to address this market with the right offering and right response to what is needed. Thank you. Then one more question from Pauli about financing. So have you been looking for additional EUR 10 million financing already, or is that process upcoming later? So a question- Well, we communicated in the spring the plan that how these steps are done, and we specifically decided that the EUR 15 million package we're doing in steps, of which the first step was done during the first half. And then, for the remaining part, for all the different parts that there are, of course, we are working all the time on the thing, but they are there. We can communicate them when there is something to be said about it. But these are processes that go stepwise, and now in June, we concluded the last or the previous directed share issue, and then the whole package of what the next financing needs and the package will consist of are work in progress. More info when there's something to share. Thank you for clarifying that. I still want to remind all the viewers, so we still have some time for questions. If you have a question, now is the good time to post it. In the meantime, while we're waiting for the final questions, I'll ask one question myself. So, if that's okay, Samppa. Absolutely. In the CEO review, you referred to the activities with customers to prepare for sales. Obviously, fish not yet in full size. But could you elaborate a bit on customer relations during the first half of this year? So what has been taking place? We, of course, keep in touch and then communicate with all our partners and stakeholders, and have done so during this quite challenging time. And what we now want to ensure is that once we can restart sales next year, we are ready for it. And that means that we have the channels there. We have developed and planned, that said, well, that we know precisely how the sales are. But that also means that what kind of product mix we will start with and how we go onwards, and then when it's time to start introducing our own brand and so forth. So it's, it's of course things that we have been working on here in parallel with the more, more kind of visible operations, farming fish and doing the improvement work. And then, and then of course the financing preparations there, there in parallel. So everything, everything is important, and everything is going on, so to say. Okay, good. So close relations with customers continue. I believe those are all the questions we have for this session. So I will now hand over to you, Samppa, for any final remarks. Thank you from my behalf. Thanks, Tapio, and thanks for everybody who joined and had an interest to participate in the webcast. I think we don't need to discuss any more here. So, I thank you all and wish you a nice Friday and a good weekend. And in case there is something that pops in mind, feel free to contact us. My contact details are on the webpage, so it's quite straightforward. So thank you, and let's talk again next time.