Good afternoon, ladies and gentlemen. My name is Anna Tuominen, and I'm the IRO of Marimekko. It is my pleasure to welcome you to our webcast about our Q1 results this year. First of all, I would like to remind you that if you would like to ask questions after the presentation, you can use the chat function on the platform. We will first hear presentation by our President and CEO, Tiina Alahuhta-Kasko, and after that, we'll have a Q&A session with Tiina and our CFO, Elina Anckar. Without further ado, Tiina, please go ahead. Thank you, Anna, and good afternoon also from my behalf. It's my pleasure to walk you through our First Quarter 2024 Interim Report. Let's get started. Q1 2024, we had a good start to the year of 2024, and especially impressive one in terms of our brand communications. This year we're celebrating the 60th anniversary of our most iconic print of all time, Unikko, and that really supports our momentum to continue the determined work that we're doing to scale up our profitable growth despite the weaker general macro environment. In the first quarter, our net sales grew, in particular as a result of timing of non-recurring promotional deliveries, and our operating profit improved. Our net sales increased in total by 7% and totaled EUR 37.7 million. And as mentioned, they were boosted in particular by the growth of wholesale sales in Finland, as the amount of non-recurring promotional deliveries falling in the first quarter were significantly higher than estimated, so that's a timing issue. The increase in net sales was, however, also driven by growth of international net sales. Net sales in Finland grew by 8%, and the international sales grew by 6%, due to the good development of wholesale sales, especially in Asia-Pacific region and North America, and significant growth in licensing income. And then, especially due to the increased net sales as well as improved relative sales margin, our operating comparable operating profit increased by 36%, to EUR 5.2 million, equaling to 13.8% of net sales. And overall, our financial position continued to be strong. We can see that, we're in a solid position after the first quarter to continue on this journey, to scale up our growth, especially in the international markets, despite the weaker, general, sentiment. Let's have a closer look into the different key drivers behind the result. As mentioned, the net sales increased by 7%, boosted especially by the growth of the wholesale sales in Finland, due to the amount of non-recurring promotional deliveries falling in the first quarter being significantly higher than estimated. As mentioned, the increase in net sales was also driven by the growth of international, net sales. The international net sales grew by 6%, thanks to the favorable development of, wholesale sales in the Asia-Pacific region and North America, and then, of course, also licensing income growing significantly. The continued challenging market environment in Finland paired with the highly tactical business environment in Finland impacted both retail and wholesale sales in the market. However, the net sales in Finland grew by 8%, driven by these non-recurring promotional deliveries in wholesale, but our omnichannel retail sales also increased. I must say that in this type of a weak general market situation, the 2% omnichannel retail sales increase in the domestic market is a really strong outcome and really reflects the continuous appeal and desirability of our brand. Then when we look at our second biggest market area, our Asia-Pacific region, net sales increased by 22%, thanks to the good development of wholesalers and licensing income. When we look at our net sales development by market area and by product line, no major changes there. In the net sales by market area, we could see increase in the share of Asia Pacific net sales growing to 27%, and then a slight decrease of EMEA region to 6%. In the net sales by product line, fashion grew nicely double-digit, and we can see that also in the increase in the fashion product line share, that increased to 34%. Home also increased as a category, 9%, namely in the first quarter. Bags and accessories had a slight decrease, but when we look at the totality of our lifestyle portfolio, no major changes in the split by product line. Then when we look at our kind of spread in terms of points of sale, today, the Asia Pacific region has the greatest number of Marimekko stores in the world. In the first quarter, our online sales continued to grow, and during the period under review, we also expanded to a new platform in China, and Marimekko online stores also opened in markets like Vietnam and Malaysia. And then this meaning that today our online store serves customers in already 37 countries. By the end of the period under review, there was a total of 162 Marimekko stores around the world. Something good to note is that during the review period-... We made a partner change in the Taiwanese market, which meant that during the first quarter, two stores and shop-in-shops were closing in the market, but our new partner is planning to open five new stores and shop-in-shops during the 2024 year. When looking at our brand sales, we saw a good increase of 18% in brand sales development, landing then to EUR 99.7 million. When we look at our profitability, comparable operating profit increasing, as mentioned, 36% in the first quarter, landing to EUR 5.2 million, representing 13.8% of net sales. The operating profit, of course, was boosted, especially by the increased net sales and improved relative sales margin. On the other hand, then a growth in fixed costs had a weakening impact on profit. The fixed cost increase in the first quarter as planned, due to the increased personnel and marketing expenses, driven much by growth investments. The relative sales margin, on the other hand, was supported by significantly increased licensing income, as well as lower discounts than in the comparison period. Then, if we move to key events in the first quarter. As we know, for a brand to grow internationally, international brand awareness is a key requirement. Globally, top-level brand collaborations play a really important role for Marimekko in further increasing our brand awareness and acquainting also new customer audiences to our brand. In the first quarter, we were happy to launch limited edition brand collaborations with the leading brands like UNIQLO and Samsung. And after the review period, we also announced a second global brand collaboration with UNIQLO, and also a collaboration with the Finnish jewelry brand, Kalevala Koru, to celebrate the Unikko anniversary. International Fashion Weeks have a big role in our industry, again, to increase brand awareness, but also to cement the positioning of our brand in the global fashion industry. In the first quarter, we were honored to be presenting as the first international brand at the Rakuten Fashion Week Tokyo. We presented there our Fall/Winter collection 2024. We presented the same collection also in Copenhagen Fashion Week. And as mentioned, of course, the beginning of the year has been a strong start for the celebration of our most iconic print, Unikko's 60th anniversary. The anniversary year includes, of course, an array of special products during the course of the entire year, but also various events activations. The year started with the spectacular light installation during the Lux Helsinki Light Festival. It moved to Hong Kong, where our Unikko print delighted an iconic Hong Kong streetcar. Then went on to fashion shows, for example, in Bangkok. So this year really offers us a special opportunity and platform through the anniversary year to further widen our customer audience around the world and deepen the relationship with our existing customer. This way, all supporting our scaling up of business. In the first quarter, of course, the omnichannel store network developed, and so they did, in the Asia-Pacific region. In addition to the new digital sales channels that I already mentioned, also two new Marimekko stores were opened in Japan, as well as two pop-up stores delighted our customers in Australia. Direct-to-consumer, so omnichannel retail really represents the core of our distribution strategy. And overall, we can see that the internationally growing Marimekko brand awareness, our developing store network, and these impactful communal experiences around the brand all support the scaling up of our business, and our plan is to use this recipe to further fuel our growth journey, also going ahead. Then moving on to the outlook for 2024. So just a few words in general. So of course, the uncertainties related to the development of the global economy and the general cost inflation influence consumer confidence, purchasing power, and behavior, and as a result, can have an impact on our business, especially in our important home market of Finland. Then also, different exceptional situations may also impact our company's sales, profitability, and cash flow, as they may cause even significant disruptions in production and logistics chains. But of course, we're closely monitoring all these situations, and we'll adjust our operations and plans according to the circumstances, if and when needed. Then a few words about seasonality. Because of the seasonal nature of our business, the major portion of our company's euro-denominated net sales and operating result are traditionally generated during the second half of the year. The... What is also good to note is that the timing between the quarters of the non-recurring promotional deliveries in the Finnish wholesale sales and their size typically vary on an annual basis. And when it comes to the licensing income, in 2024, our licensing income is estimated to be approximately at the previous year's record level. Then moving on to net sales development, in 2024. First of all, starting from Finland, our important home market. So despite the weak market situation, net sales in our home market of Finland are expected to be approximately at the level of the previous year. What is, of course, good to remember is that sales in Finland are impacted by the weak general economy and low consumer confidence, as well as the development of purchasing power and behavior, and the retail operating environment also has an impact on the business. Also good to note that in 2024, the non-recurring promotional deliveries in wholesale sales are expected to be significantly lower than in the comparable year, and weighted clearly in the first half of the year. So this is good to note as, of course, now in the first quarter, our net sales were boosted, in particular, by the growth of wholesale sales in Finland, as the amount of the non-recurring promotional deliveries falling in the first quarter was significantly higher than estimated. Then, when we look at the international sales, they're estimated to grow in 2024. Then, when looking at the Asia-Pacific region, our second largest market area, we also are expecting there to see sales growth in 2024. And this year, our aim is to open around 10-15 new Marimekko stores and shop-in- shops, and most of the planned openings will be in Asia, just like in the past years. A few words still about growth, investments, and costs. So of course, we develop our business with a long-term view, and our aim is to scale our profitable growth in the upcoming years. It means that also our fixed costs are expected to be up on the previous year. The general cost inflation does continue to affect Marimekko in 2024. Our marketing expenses are also expected to increase in 2024. We are celebrating this special anniversary year, which is providing us a great opportunity to, to accelerate our international awareness. And then finally, of course, we work very actively or continue to work very actively to ensure a functioning production and logistic chain, to avoid delays, and to mitigate negative impacts of the generally increased costs, and to enhance inventory management. And then finally, we reiterate our financial guidance for 2024. So we estimate our net sales to grow from the previous year, and our comparable operating profit margin is estimated to be approximately some 16%-19%. Good to note that the development of consumer confidence and purchasing power, particularly in Finland, the global supply chain disruptions, and the general inflation development cause volatility to the outlook of 2024. But with these words, I would like to open for questions. Thank you, Tiina. Maybe we could have Elina here as well. Yes. You can still type in your questions using the chat function while we answer the first one. Some of the questions related to costs or non-recurring promotional deliveries were already discussed during the presentation. So, let's start with a question related to sales in Scandinavia and EMEA. The operating environment there, of course, has been flattish, and that's what the statistics are expecting. But how did our sales develop in those countries? Yes. So when we look at Scandinavia and EMEA, first of all, in Scandinavia, during the H2 of last year, we completely revamped our Stockholm flagship store and co-opened an entirely new flagship store in Copenhagen. And in totality, when we look at our omnichannel retail development in Scandinavia, we saw growth, as well as we did see growth in our EMEA retail sales. Then it's good to remember that Scandinavia and EMEA are both wholesale sales-dominated markets, and with that also comes the fact that sometimes there might be also quite a lot of, even a lot of seasonal fluctuations in the sales accumulation between quarters, and this was the case in this particular quarter. Thank you. Elina, Tiina already mentioned about the partner change in Taiwan, but are these stores included then in the estimate for 2024? The Taiwanese store changes are more like a technical matter. So in overall, our estimate is to open 10-15 stores during 2024, with the majority in the Asia-Pacific area. Thank you. We actually this time don't have any further questions. Okay. So I was thinking I might take this opportunity for a small advertisement. We are celebrating Unikko this week, so we'll have a fashion show, or actually four fashion shows here in Helsinki on Friday, and also shows in Tokyo on Saturday. So if you're in those cities, please stop by to see our amazing collections, and if you're somewhere else, you can follow those shows in our Instagram accounts. These shows are open for the public, so I hope to see you there. Welcome! Thank you.