Good morning and welcome to Orthex interim report. My name is Alexander Rosenlew, and with me I have Saara Mäkelä, our CFO, and Hanna Kukkonen, our CMSO. So we will take you through the 3rd quarter, and I remind you already at this stage that there's a chat where you can place your questions, and we will make sure to handle as many of them as possible at the end of the presentation. So we'll start with a short introduction of who we are for those who doesn't know us. We are a European houseware company with strong brands and high-quality products under the brand Smart Store. Gastronmax, and Orthex. We have 3 factories of our own, and we have local sales organizations in 8 locations around Europe. And we sell to around 400 countries. today. And the mission we have is to create long-lasting solutions for an organized and enjoyable home, so good usable products that you have to organize your things or solve some things you need, you have in the home. The products are functional, award-winning, and we always strive to take sustainability into account when we both develop and produce products. And one important part of that sustainability is to produce products that are durable and don't break at use, so you can use them for, for a very long time. We also do quite a lot of consumer-driven innovation, so about, about 10% of our sales is coming from new exciting products. The storage category is by far the biggest we have under the brand Smart Store and represents about 71% of our sales, and the kitchen category 19%, and then home and garden products, which includes flower pots, and, and then quite a lot of traditional household products that you can have in your home. It's about— this category is about 10%. sales. So jumping into the period of January to September and of course the third quarter, which which was extremely strong. And I must say this sales level was a new record for us and driven by good progress in the storage category and, and very good progress in the Nordic market as well. Sport performed well. So we grew by 10 10% or 10.2%. And, and as said, landed a new sales record during quite tough times, actually. I mean, we have, we have a high pressure on, on raw material prices and we have consumer confidence being quite low in many places of Europe. So I would like to start to say that this is a great effort by a skilled team who has done the right thing for a long time and really happy to see that. It now transforms into a good 3rd quarter. So thank you to everyone involved and thank you to the partners we have that trust us. So the storage category grew by, by 16.6%, which is completely according to our strategy. We are aiming to, to become number one in the category in Europe. So that's, that's on the radar. Of course, this time most of the growth came from the Nordics with really healthy volume growth, not only effects from price increases, and especially the brand Smart Then on the profitability side, we of course managed to do price increases already last quarter. The raw material has remained high. And I would say that the profit comes from actually having more volume going through our fixed, fixed cost structures. So when volumes go up, our production becomes more efficient, and, and our fixed costs are, are more easily covered. And in addition to that, we've had quite tight cost control and and actually been very prudent on our spending. With a good sales momentum, we are happy to announce these numbers. In Europe, we as a challenger, we had of course tougher times to negotiate price increases and it took a bit longer, but towards the end of the quarter, the European sales also accelerated and we, we were able to, to stop the decline that we saw in the last quarter. when we were just in the middle of price increases, and now we are, we were back to flat in other Europe. So in terms of the 3rd quarter, sales up 10.2%, up to €25.8 million. And in the Nordics, we grew by, by 15%, and then a quite stable rest of Europe performance. And then on the EBITDA side, you can clearly see the effect of good volumes going through our factories, and then of course the very necessary price increases we had to make also protects the margin there in addition to cost control. So we were with the adjusted EBITDA at about the same level as last year in terms of percentages, and then clearly above last year in terms of absolute numbers with the higher, with the higher sales. Then if we, if we look at this in, in a bit more detail and with some graphs, I think I already spoke about the— I already spoke about the good performance in the Nordics, and then you can see to the left, rest of Europe remaining at 5.3 million, and then small numbers in, in rest of the world. If we then look at, at the situation for the year-to-date numbers, so January till September, Nordic performing nicely now at €56 million in sales, and then a slight growth in in rest of Europe. Of course, our aim is to, to grow faster in rest of Europe. And that's, that's hopefully what we can do going forward now that price increases are behind us, and rest of the world remains fairly flat. And the same for the categories. Our strategy is to grow storage throughout Europe, and I think here the strategy is working well. We were able to grow the storage category with the brand Smart Store at 16.6%, so really, really double-digit clear growth on that one. Meanwhile, the, the other 2 categories were, were supporting the business and, and remained flat. And then if you look at the situation for the year-to-date numbers, storage, of course, double-digit growth for the year-to-date numbers. And then Kitchen category and, and as well Home and Garden relatively stable. So going into the strategy, I would say not much new here. The strategy is working, working well. We are aiming to, to build consumer preference throughout Europe, and, and of course that includes growing, continuing to grow in the Nordics. where we have a strong position, and there hopefully we can help our partners with becoming— with being the champion in the category, giving advice and helping to find growth and sales out of the stores. Then in Europe, our aim is to grow with the major European retailers and, and make sure that we are a good supplier, the natural choice for a European retailer for the storage category and beyond. And in addition to that, the third growth pillar is, is e-commerce, where we are organized in, in a way that we can look as good online as we look in the stores with exciting products and, and good ideas how to, to use our products. So these 3 pillars are the ones we are building our growth on. And then as a, as a small bonus, we are of course open to possible M&As when the right opportunity comes along. And the clear aim here is to be the storage category leader in Europe. And for this, we, we need a few, a few things to help us, and that's building the consumer preference, of course, through the brands. Maintaining a high innovation rate. We need to be cost-efficient, competitive, and we strongly believe in, in sustainability and, and making making as much as we can for, for the environment. So this very shortly. Maybe Hanna, do you want to talk us through the next slides? Yes, please. So what have we been doing to achieve the targets? So despite being busy with the price negotiations, we have also been very active in field and in the stores all around Europe. So here are some examples of our pallet houses in Switzerland. A DIY store in Germany, and then some Nines campaign presentation from Belgium, just to show a few of them. And then also being busy in the Nordics. So here are a few examples of a Nines shelf in Sweden, a pallet house in Denmark. And then our favorite campaign, the Pink Ribbon Campaign, that started in the end of the quarter and is always a pleasure to participate in. Finland with our customers and the consumers. In addition, we've been active in launching new products in September. So for the Smart Store Comfort range in the left-hand side, we have launched a new size, a big large size storage box to complete that range. And then for our best performers, Smart Store Classic, we have launched new, really, 2 new really good sizes. One in the middle left is a new smaller size bed roller for for smaller apartments and for all kinds of different, um, storage purposes under bed. And then the middle right-hand side is a really big 86-liter size box. We were missing a really, really big box in our assortment, and now we have it for the bigger needs. And then on the right-hand side is from February our Smart Store Essence Stack, a really good stackable option for, for example, bathrooms. And more is coming. Okay, and then in addition with the commercial activities, there's been happening quite a lot in the sustainability area as well. We audited all of our 3 factories during the quarter, so now the ISO certificates are renewed. And then during the— in September, a new voluntary sustainability reporting standard entered into force. So instead of reporting according to the CSRD, our aim is to apply the new standard when we do our sustainability reporting for '26. Then we inform you about a nice project that we have together with K Group, S Group, and many other participants, and it was about to test reusable takeaway containers. So how would consumers use and act if there was available reusable takeaway containers in the grocery stores? And this was tested in 4 pilot shops in the Helsinki area. And now we have the results of that test. This test has ended, and what it showed is that this process is really doable and it can be implemented in a grocery retail environment. But of course, more detailed analysis must be done to really see the potential for large-scale implementations. Some nice key findings from that project were that on average, the containers were returned within 7 days to the store, and then also that over 90% of the containers could be reused in the process. Really good and promising results. And then one final nice thing is that, as you know, product safety is a very important thing to us. And we test regularly our products. This time we tested our Smart Store Easy storage containers for microplastics. So we imitated or simulated the real use of a lunchbox, like the microwave warming and washing in dishwasher and so on and so on. And then we tested that in an external accredited laboratory, and the results were really good. No microplastic was found in the food after the stimulation test. We are very, very happy about these good product safety results that we received. So that was my part. Nice news from last quarter, and then I give the turn to financials and Saara. Thanks, Hanna. mentioning that the quarter was the highest quarterly net sales in Orthex history. So I mean, sales, net sales increased by 10.2% and were €25.8 million. I think Alexander covered the sales part quite thoroughly, but I The growth was driven by the strong performance in Nordics and especially in the storage category. And in constant currency, the net sales increased by 9.3%. So the growth was supported also by the currencies in Sweden and in Norway. Our gross margin was on a good level. It improved slightly from 28.5% to 28.7%. Raw material prices remained on a higher level, but the impact was offset by by higher sales volumes, and that giving us an operational leverage and, of course, price increases, and then good cost control as well. We also had a favorable quarter in terms of production costs. And as there were no significant maintenance expenses during the period, so that was supporting the profitability as well. So I just did EBITDA increased by €300,000 to €3.7 million. And gross margin remained— EBITDA margin remained practically the same. Same as last year, so 14.2%. So overall, overall, the quarter showed solid margin resilience despite continued very high raw material prices. which are visible here. So even if raw material prices stabilized during the quarter after the high peak during the previous quarter, the level is still very high. The market situation remains uncertain, so there's an energy cost pressure at our raw material suppliers due to gas prices. And then the war in the Middle East continues to be a key risk, what we are, of course, monitoring very closely. So at this point, we are expecting that the raw material price level remains somewhat same as during the latest quarter, but it remains to be seen. It's, of course, hard to height to sort of estimate. Estimate the levels. Then on the next slide, we have the investments. Investments were €1.3 million, and high compared to last year's very low level, only €200,000. The high investment is mainly due to timing of the investments. So, I mean, last year the timing was perfect. More towards the first quarter of '26 from last quarter of '25. And the investments are supporting our new product development and future growth. Close. The net debt declined by €1.2 million to €13.3 million, so on a very healthy level. Year-to-date cash flow from operating activities was €9 million compared to last year's €9.8 million. So slightly lower, mainly due to lower profit before taxes and a bit higher taxes. paid. Otherwise, the changes in the cash flow items are mainly due to timing. And the leverage remained on a very healthy level, slightly below 1 times adjusted EBITDA. So that gives us a strong financial position and definitely room to support both organic growth and potential acquisitions. Then our long-term targets, they remain unchanged. If I summarize shortly, we are currently meeting the targets for total sales growth leverage and dividend payout. And we are making progress in profitability, but further, further level improvement is still needed to reach the long-term target. But the 3rd quarter profitability development shows that the higher volumes and operational leverage are supporting that. The recovery and improvement of the profitability as well. And definitely, the acceleration of the growth in the area outside Nordics is one of the key priorities and focus for the coming quarters. Then finally, a quick look on our reporting dates during next year. The financial statement release for 2026 will be published on 3rd of March. And then annual sustainability report a bit later in March. And the annual general meeting is planned to be on 8th of April. Other reporting dates are in line with the dates of this year and visible on the slide. We are also participating in investor events, so Sijoittajafair in Helsinki, Messukeskus, on November 25th. There will be members of our management team, and our chair of board, Sanna Suomento-Harsae, will be there as well. So we hope to see many of you there as well. And then I'll hand over to Alexander to summarize the quarter. Thanks, Saara. So easy to summarize, Smart Store was driving the growth in the quarter, and even though the performance was good, we are still in uncertain market conditions. Consumer confidence is not that good in many places, and also the underlying cost is fluctuating, and there's a risk of that cost developing in any direction. So uncertain conditions, and within, within these, we managed to to do well, I would say, as a final word on that. So maybe, Hanna, can you have a look at any questions that have come in? So we'll start answering those. Yes. There's quite a lot of questions related to the growth in Nordics. So, what is behind it, and can we split it in between products? Price increase and volume increase, or between countries, or can you reveal a little bit more what's behind the growth in the Nordics? No, of course, when, when the growth is so strong, it clearly creates interest to know where it comes from. I would say, first of all, if you look at the growth as a whole in the Nordic, most of it is explained by volume growth. You have a price increase effect, but that's not the main reason for growth, but it's, it's the volume. Then if you look at the different markets, clearly consumer confidence develops differently in the different markets. We are not reporting on specific markets in the Nordics, but I could say as a whole, perhaps the consumer confidence has improved slightly in the Nordics, which also helps. Most of all, I would actually credit the growth to good efforts from our sales teams and good new products. Fluent supply and then the trust from our retailer partners who believe that we are the ones that can help them perform good out of the stores. In that sense, it's a long-term good result of consistent work. Yes. Exactly. And then a little bit, same question behind the gross margin. So you had a flat gross margin in a very difficult raw material market. How much is this driven by price increase or volume increase? So maybe Saara, can comment on the profitability. Yes, there were many, many positive factors affecting this quarter. So we had great sales, I mean, record sales. So I mean, volume increase. Then price increases, of course, were affecting. And then we had also good cost control, and operations costs were were on a good level as well. So there were many factors supporting it. Also, the customer and product mix was favorable for for the current gross margin. Yeah. Thanks. Maybe one question related still to the price increases is that, do you think there was a stronger than usual pre-buying ahead of the significant price increases that helped your volumes? No, not really. Not really, no. There's actually very low interest from building high inventories in trade. They are mostly efficient players who want to buy what they sell. So they were a good partner as we can supply quite quickly to the trade within days or weeks. Instead of months if you buy from the Far East. Yeah. Then moving on from the Nordics to Europe. So how can you explain how did volumes perform in Europe during the quarter? You mentioned that you gained shelf space, but your sales were flat. Can you explain this? Yeah, happy to explain it. The previous quarter was tough for us. We were negotiating prices, and of course, as a challenger, your pricing power is not as strong as in the Nordics where we are in many retail stores the main supplier. So it took a while longer. We were probably among the first to go out with the necessary price increase when the raw material really spiked high. So tough negotiations. And then then towards the end of the quarter, when things normalized again, we could revert to discussions around finding mutual growth. Together with our partners and retailers. And that, that of course helped the sentiment and sales accelerated towards the end of the quarter in Europe. Thanks. And then moving on to the rest of the world. So did Orthex lose its only North American customer, The Container Store, or— and has the growth in North America been put on hold for the time being? Well, our primary focus is on Europe, as explained many times, and we have customers around the world who we are happy to sell to. But the main efforts are going into Europe. And a very short answer, or did we lose the customer? The answer is no. Yes. Then a couple of questions of the brands and sustainability to myself. So has the company considered leveraging the strong Smart Store brand even further and transitioning other product categories under this brand as well? So Excellent question. And indeed, the Smart Store brand is developing and, and doing very well. So we are having some thoughts about leveraging even more the the Smart Store brand. So a good question indeed. And then generally, the emphasis on sustainability in corporate strategy has cooled down over the past few years. Yet Orthex has held on to it firmly. Looking at this purely from a commercial standpoint, would it be strategically sound to focus external communication more on product quality and innovation and dial back on ESG? messaging, given that its weight in Orthex communication feels quite heavy relative to the current market sentiment. It's also true that the market sentiment has been changing. But sustainability is really one of the main pillars in our strategy and focus in our strategy. So we remain strongly on continuing our sustainability actions. But it is true, as the sentiment has been changing, that in the consumer communication we have actually switched to communicate more related to the premium quality of our products and the innovation. So there we have maybe toned down a little bit the communication already towards the the quality, but we still feel it's an important part of our strategy to work. Then There is a couple of questions about the future and the classical about what's going on with the M&As. Are you in any active M&A dialogues, and how do you view the current climate and valuation multiples for acquisitions? Well, that's a returning question, and we are clearly interested in M&As. We are clearly interested in expanding our footprint into Europe. Having said that, we are not basing our strategy on, on buying something and hoping it would work out. So we are quite, quite prudent and quite picky in, in what we choose to do, and hopefully there will be a great opportunity coming along. So we are constantly working on the M&A. opportunities, especially in Europe. Thank you. Yes. I think that's, that's the questions this time. We managed to answer almost, well, a big part of them. There was plenty of questions this time, so thanks. For the great. Great, the Margot questions. Thank you very much and have a nice continued day. And for those coming to the investment fair in Helsinki, we are happy to answer even more questions there. Or, or in between. Thank you and bye-bye. Thank you.