Hello and welcome to Innofactor Q4 2022 Financial Statement and Interim Report Publishing Event. First, do you have questions about Innofactor? Do you want to hear more about our Innofactor as a business, or should we go directly into the Q4 2022 numbers and the full year 2022 numbers? Let's go to the numbers. Numbers and financial performance of Q4 and 2022 full year numbers. The full presentation will be then also published in our web pages. You can get the full information from our web pages after this presentation. Our Q4 numbers, good growth in revenue. First time ever, we exceeded EUR 20 million in a single quarter. Revenue being at EUR 20.5 million, which we're having 17.1% growth compared to the previous year Q4 numbers. Even though we had like EUR 0.4 million write down on one single project revenue as a precautionary measure. EBITDA grew by 57.1% being EUR 2.6 million in Q4. EBITDA percentage was 12.7%. Also order backlog grew from the previous year being EUR 75.8 million, 4.1% growth. This order backlog does not include the Finnish Defence Forces case with one deal of EUR 22 million at the end of December. Approximately half of that will be coming in our order backlog in Q1 2023. Looking at full year numbers, revenue being at EUR 71.1 million, 7.2% growth. We had Invenco numbers in our H2 numbers. We acquired that end of June last year. There was a Prime revenue in the beginning of 21, so the organic growth without those was 4.6% growth. Growing organically a bit more than the market as well. EBITDA ended up with EUR 7.8 million. There is a 3.4% comparable growth to previous year with the without the sale of Prime. The full numbers last year we decreased by 20%. Order backlog still stayed at the high level and equity ratio. Even though coming down with the acquisition of Invenco still being at a relatively good level at 44.8%. And also the operative cash flow, EUR 6.7 million. Still strong cash flow as well as in the previous years. Here's a short summary that how our revenue and EBITDA and order backlog they work together. As I've seen there, the order backlog has been growing quite nicely for several years and quarters. Now also the EBITDA has been coming up in the previous years and also the revenue now starting to climb. It is also shown that the active headcount has started to grow again, so that's also helping to grow the revenue. You need order backlog and personnel to make the growth and being able to grow all the order backlog and active headcount in last year. That's shown in a steady improvement of EBITDA and also revenue in 2022. We see that this gives us a good possibility for continuing the growth in 2023. Here is how our revenue is divided. We bit changed this, so earlier on we had commercial customers, public sectors and a third sector. The third sector being like the church parishes and labor unions. That sector is so small, so now it combined to the commercial customers. Having a bit more than 50% of our revenue coming from the private customers and public sector 47%. I would think, see it's a good mix. In when the market is more difficult stages, it's good to have those public sector customers. They have maybe a bit lower margin, we have a larger deals there and a more long term project and deals in that sense. also a good balance between the public sector when the market is still going up again. where the revenue comes from, what type of business. this is the same Division than earlier, we have a bit more clarified those comments and more. now it's more readable and understandable. Which is good news that our revenue from licenses and SaaS business grew again now being at 28% of the total revenue. Services and projects bring up then 36% of the revenue. Amount of revenue coming down from project is coming steadily down and services and especially licenses and SaaS is coming up. We see that is a good trend and that's a trend that we still want to continue because we see that there's a higher profitability in license and SaaS business and more continuity in the service business than projects. Also, the risks are higher in the project business. Country-wise, our revenue is still two-thirds of the revenue come from Finland. Sweden, 60%, Norway, Denmark growing. Norway having 12%, Denmark 6% still. Even though they are growing fast, still they have like really small portion of our revenue. More detailed numbers of our full year and quarterly numbers. Especially here to see that the change in Q4 was remarkable, 71% growth, EBITDA being 57.1% higher and EBIT being over 240% higher than the previous year. Really good growth numbers in Q4. That the second half of 2022 was really successful and that helped the full year numbers to a decent. We were struggling a bit in the first part of 2022. Our long-term target is to grow about 20% and have a 20% EBITDA. Also strong cash flow and solid financial situation all the time. To get there to 20% growth, 20% profitability, we need good and say solid performance on the business side, but we also need acquisitions as well. We then look more carefully how these different areas, how we are managing in those. Our growth in last year was 72.2%, so it's clearly less than the 20% target we are aiming for. That was nice that in H2 2022 we grew by 19%. All was being at the target helped by the acquisition of Invenco. It also helping that in the first part of 2023, we get extra growth from the Invenco acquisition. In that sense, the growth numbers are coming nicely. We have a really high order backlog, EUR 75.8 million. That also helps the revenue growth, and we are able to now get the order backlog faster into revenue growth as previously. EBITDA percentage being at 11%, that's double-digit numbers, still quite far from the 20% target. We need to be more efficient in our operation, daily operations and also it requires some acquisitions to get to the profitability targets. As earlier told, the operative cash flow was a strong EUR 6.7 million and equity ratio still stayed at a decent 44.8% level. Still our financial situation is really good. It helps to improve our operation with good financial standings. A bit more detailed information how we will try to achieve our 20% profitability and growth targets. First of all, we will improve our efficiency of our operations and increase our invoicing rate by 5%. This is actions that we already started end of 2022, and we got significant good results in 2022 in the last four months. We aim to continue that. We improve the project management and go through our service contract and improve those. Enhance the cross-resourcing between different countries and try to reduce employee turnover and so on. Just try to work more efficiently, improve our ways of working. We see that there's possibility of 5% growth in our invoicing rate. It's bi-bill will not come in in one year, maybe it take two-three years to achieve this, we see that there's also already a possibility to a significant improvement this year. Our SaaS services, they have increased already this year in 2022 from 25%-28%, we aim to increase that even more. Our target is to have that in at least 33%. Working towards that, having some offerings for example, MDRaaS service that we are launching now in 2023 and also having more offering in that area and trying to actively see growth in that area. Because that we see that it helps our profitability in that area, that SaaS business being more profitable than the basic project business. We will increase the number of employees engaged in invoice services. Meaning we need to be able to recruit more personnel, get more resources. Last year we had over 30 new graduates in our DigiStar program this year we are planning to recruit over 60 DigiStar as well. We just finished the time to application time, and we got over 900 applications to those DigiStar places. We see that there's a good possibility to achieve the up to the 60 DigiStar new one and get more juniors into our program. We have made a Nordic recruitment team and really concentrating on recruiting more senior personnel as well. Also we will become more and more active, proactive player in the M&A market. We see that we have been looking around but not that actively. We'll be more actively this year and definitely want to grow outside of Finland, be really Nordic player, not just Finnish company with Nordic operations in different countries. More and more actively seeking the possible acquisition target, especially in Norway and Denmark, where our operations are running smoothly at the moment, with the help of our country manager in those countries. We will try to target companies to acquire. Dividend distribution for technical reasons we cannot say pay dividends, but we are... We are paying back, we are distributing the repayment of capital of amount of 6%, EUR 0.06 per share. That's a bit more than 50% of our results. Being a bit more than 6% of our result going back. The board of directors are proposing that shareholders meeting would give the board authorization of possibility to give an extra EUR 0.06 per share dividend or pay repayment of capitals for the end of the year. Those proposals are for the annual meeting to be held in the end of March. Our market guidance for 2023 is in line as our guidance is usually our earlier years are. We are estimating that our revenue and EBITDA are increasing from 2022, which were EUR 71.1 million revenue and operating margin of EUR 7.8 million. Stock releases, we had like share-directed share issue for some of the company's management at the end of in September. A total of 50,000 shares were transferred to the company's management and in end of year. Also end of December, we announced that we won the high-biggest deal ever for Innofactor. The Finnish Defence Forces Logistics Command. Those Innofactor as a provider of our information management system solutions and related services. This contract is for 12 years and EUR 22 million. Around half of that will come to our order backlog in Q1 2023 when we get the contract signed. Maybe some recap. Record high EUR 20.5 million revenue in Q4. Also record high EUR 71.1 million revenue for full year. Revenue-wise, highest quarter in ever in Innofactor history Q4 2022 and also the full year numbers. After difficult beginning of the year, especially difficult Q2, Q3 was improving, and Q4 was already being really successful quarter and H2 growth being 19.1%. That gives a good standing to continue the growth in 2023. Our operating margin also grew. We also we didn't just have the good revenue, we have also good profitability. Profitability level being 12.5%-12.7%. That grew 57% from previous year. That's really good. One of the reasons was that the operating margin was positive in all countries. We had difficulties in Sweden earlier on. Now Sweden we also able to make profitable quarters in Q3, Q4. That is helping the group numbers. Finland, Norway, Denmark having really profitable businesses in all of those countries. Our order backlog stayed at a really high level, over EUR 75 million and just 4% growth from end of previous year. Also there's the mention that we did acquire the Invenco Ltd. at the end of Q. That helped also the growth in H2 of 2022. The list of largest shareholders, there are no big changes in the top owners of the company. Still Sami Ensio and his family over 21%. The top five, no changes in that, really minor changes in other top shareholders. Our share price has come down from the beginning of 2022. In that we were really higher level. Being around EUR 1.5 per share. It came down quite much, especially after our Q2 report in end of July. The share price dropped to the EUR 0.80, EUR 0.85, EUR 0.90 level. Before the Q3 reporting, the share price was coming down. After releasing good Q2, our share price started to climb up, and now it has been coming nicely over 1 EUR. I think that our good result in Q4 will continue the trend that it is coming up again. We will see potential that the share price could increase further on. That's the short recap of our 2022 numbers and Q4 2022 numbers. If you have any questions, I'm happy to answer those. If there are any more, no questions. I thank you and the presentation will be shared in our interest pages later on today and as well as the videos from the interview of our CEO, Sami Ensio. Thank you.