Good morning, and welcome to Edda Wind's quarter three presentation. My name is Kenneth Walland, CEO of Edda Wind. I will also be joined later with CFO Hermann Hovland Øverlie and VP Finance Lars Stubhaug. There will also be a Q&A session, and you are free to post questions already from the start, and we will take that session together. The topics we will touch into for today: some highlights for the quarter, market, financials, and a short summary, and then again back to the Q&A at the end. As some will remember, quarter one and quarter two were affected by downtime and large front-runner costs for the company. Happy to see that we in quarter three are close to full utilization for the fleet, and also with limited front-runner costs, that is the first two weeks of July for the Goelo. Revenue is up to EUR 18.4 million, EBITDA EUR 6.1 million. We commenced operation of the Goelo contract in France and Sudri Enabler contract in the U.K., so we from mid-July had seven vessels in full operation during the quarter. The gangway performances and vessel utilization have significantly improved. We will come back with some details to that, and also Edda Wind Management are taking over vessel management, and that process is well in progress. Subsequent events: we have secured employment for three of our new builds directly from yard and also entering into the Taiwanese market. Vestri Enabler secured a four-month contract plus options from delivery, which was this weekend, so she's on the way to deliver on that contract. The first Vard Vietnam vessel, 967, secured a six-month contract in Taiwan plus options from delivery in summer 2025, and we are in the signing process for a contract for 504, which is the last vessel from Gondán, 12 months plus optional 12 months also from delivery in second quarter 2025. So that's very positive news for the contract situation for the new builds. Also, the debt financing of 504 is secured, meaning we have a fully financed fleet by now. Some details to the income side: revenue up by 56% compared to quarter three, 2023, and of course that is due to more vessels coming on stream, and that is a trend we foresee to continue with the steadily growing fleet coming on. Last 12 months income also up 75% compared to third quarter 2023 for same reasons, obviously. EBITDA EUR 6.1 million for the quarter. The EUR 7 million for the first quarter was, as some will remember, impacted by the sale and the gain of the Edda Passat sale at that time, so a very positive trend for the company, and again more vessels will come online. We have seven vessels in operation during the quarter, that is from mid-July. Before that, we were five to start with. 18th of July, Goelo Enabler commenced operation in France at the Saint-Brieuc. That is a contract that will run until third quarter 2028, then Sudri Enabler commenced operations for DEME at the Dogger Bank Wind Farm, where she will be working until second quarter 2025, coming directly from the yard in July. Vestri Enabler delivered this Thursday. We named her last Friday, and she's again on her way to the contract also in the U.K. So that is creating good visibility for the fleet that is delivered, and again we also then have secured contract for quite a few of the new builds. Gangway and vessel utilization has been a topic in many of these quarter presentations. Very happy to see that all the efforts and the work we have put into it is giving results. It probably will not bring my dark hair back, but at least I'm very happy to see that the vessel utilization is where it should be. We stayed there close to 100%, and as you remember, we had to take three vessels out of operation in February-March. So after that period, we are performing very well on these vessels. And of course, one of the topics that are affecting utilization is that we are also now taking the vessel on own management. We get, I would say, a much closer link and grip to our own operations. We have built up a great staff of personnel in Haugesund, so we have gradually, over the last quarter, taken on management of the vessels. By now, it's actually only Breeze Enabler that is not under Edda Wind Ship Management directly. She will be taken over next week, so by that, the full fleet will be operated under Edda Wind Ship Management. Also, the Vard new builds, the four vessels being built at Vard, will be taken over project management-wise from new year. So from now on, it's Edda Wind operation and management for the full fleet, including the new build, and we see that that will give us a positive effect on quality, on cost, and on the performance and the way we operate. So very proud about the organization we have built up and what they have achieved over this, I would say, relatively short period and during this difficult time. So we have most functions in-house, but we are outsourcing now is the crew provision and IT management. The rest is Edda Wind in-house management. Some new contracts was mentioned. Vestri Enabler and the next one from Gondán, 504, will be employed directly from the yard onto new contracts. As mentioned, Enabler is already on her way to deliver on the contract in the U.K. That will bring her working throughout the winter and will be in a position for the next season at a very well-timed. 504 scheduled to be delivered quarter two from Gondán as the last vessel from that yard. And again there, we are in the signing phase of a 12-month charter plus 12-month options. Those options are to be declared by the end of this year, so we will know already by the end of the year whether it will be a one or two-year contract. So it's creating good visibility for the planning of the fleet because that is with 13 vessels now becoming in a way a puzzle, but also gives us the advantage that we have a very good interchangeability and can switch vessels the way it's best suited for us or our clients. Of course, to bring vessel into Taiwan and get the opportunity to take the first vessel from Vietnam to that work is very positive for the company. We planned originally to sail her to Europe, which would take us these days when we sail around Cape around two months. Now we have a transit period to Taiwan for seven days, so that means we are coming quicker into a revenue position, and also the cost will be less, at least so far, until the vessel possibly will sail to Europe at a later stage. Contrary to SOV contracts in Taiwan, which are the long-term O&M contracts, the CSOVs on the shorter contract can operate as is in Taiwan, that is unless they are built in China, which will then put us in a position to put the first vessel straight into work directly from the yard, and as we see to the right there, Taiwan is becoming a very interesting market for offshore wind with very good growth possibilities. We see not only possibilities, we see the growth is definitely there with good visibility. Taiwan has come far already in offshore wind and is a very interesting market going forward and good for Edda Wind to get a foothold within the Taiwanese market. A bit more on the markets we operate in. We see a steady growth in the business. Sometimes when you read media, it can be disappointing news, but when you study the statistic, there is a very steady growth to the upper right there, upper left, sorry, in number of thousand turbines to be installed. For instance, from 2024 to 2030, increase of around 50%. This is Europe and Asia ex- China, and a lot of them are already in the process of sort of being under construction or approved, and it's creating a good visibility for the market. And as we will see to the right, and we have shown this graph many times, it creates a large demand for the type of vessel Edda Wind provides. So even though there are some CSOVs to be delivered in particular 2025, there is also a great demand for these vessels in the few coming years. So the fundamentals in that business is very steady, and we also see it in the number of tenders and vessel requirements and the activity chartering-wise. Very interesting period for the company. And there are good growth expectations where we operate. That is, of course, the main market is Europe for us, but now again we will get a foothold inside the Taiwan market, and that means we are closer also to the remaining part of the APEC market, which also will come online even though Taiwan is a bit ahead of some of the other countries mentioned here, like South Korea and Vietnam. In Europe, there's a very solid market, and we have vessels now spread four in the U.K., two in Germany, North Sea side, Baltic side, and one in France. So maybe the only place we do not have activity on the horizon is where we are sitting in Norway. Things are going slowly. We do not expect and have not budgeted any revenue from Norway, at least this side of 2030, and we are focusing on the markets that are out there. And I sometimes say if and when we are needed in Norway, we will be ready, so just call, but it's not something we are focusing on. The fleet is steadily growing, and I'm not going too much into the details, but Mistral is still with Ørsted. We expect her to continue for the next options. Brint Enabler with Vestas for a very long time until 2037. Goelo Enabler has been mentioned until 2028 with Siemens Gamesa France. Breeze Enabler with Ocean Breeze in Germany until 2032. Boreas firm until 2025 with SSE Dogger plus optional year there. Nordri Enabler with Vestas now and also will be with Vestas for the next season. We secured a contract for three projects there last year, so the first one is still under work for Nordri. Sudri is mentioned with DEME. We have the Vestri that is underway to the contract as we speak. 504 we have covered on the new contract. The first Vard vessel from Norway, 965, is set up to take the second of the Vestas projects for 2025. Then we have 966 not contracted so far. 967 is mentioned and will be contracted to Taiwan. The last one from Vietnam is to be delivered in 2026, so still some way to go, not contracted. But I would say we are very happy about the contract situation, and again we are focusing on the CSOV shorter type of market, which is the most rewarding and is a very strong market now and also the way we see it going forward. So about that, I think I give the word to you, Hermann, and come back. Thank you, Kenneth. Our total backlog, or sorry, total firm backlog remains or amounts to EUR 314 million. If you also take into account charter option, this number then increases to EUR 443 million. Please note that these numbers also include the contract for 504, which Kenneth referred to earlier. We continue to diversify our client base and are pleased to welcome three new clients or several new clients into the customer portfolio during the quarter and the period afterwards. We do not have any open vessel days until the 2025 summer campaign, and for the full year of 2025 and when taken into account charter option, we have only about 20% of available vessels days fully open. For 2026, the open percentage of open days increases to 47%. Total operating income came in at EUR 18.4 million in Q3, which is up from EUR 11.8 million in the corresponding period last year. Total operating cost for the quarter was EUR 12.4 million. This number includes then EUR 1.7 million in front- runner and associated cost during the quarter prior to Goelo commencing operations in the middle of July. Operating profit before depreciation was therefore about EUR 6 million for the quarter. Both depreciation and financial expenses are up also this quarter as a consequence of more vessels in operation compared to the same period last year. Book value of vessels and new builds continue to increase and are now EUR 588 million compared to EUR 544 million at the end of Q2. Net interest bearing debt equates to EUR 2 86 million compared to EUR 238 million at the end of Q2. Equity ratio stands at 49% at the end of the quarter. We have now also financed our last new build, the C504, being constructed at Gondán. The financing of this vessel is included in one of our existing debt facilities and provides a leverage of 60%-65% depending on that vessel's contract coverage. Other terms and conditions of that financing are in line with our most recent debt financings. Other than that, our kind of financing portfolio remains little changed during the quarter. Thank you. I'll leave the word back to you, Kenneth. Thank you. Thank you, Hermann. Short summary. If 2024 has been busy in Edda Wind, 2025 will be even more busy. We will have four vessels to be delivered second quarter of 2025, so I guess there's no Easter holiday for the Edda Wind crew. You guys. But it's also giving the company a great opportunity, and again we are seeing high tender activity and activity around vessel requirements, so we are very optimistic about getting more vessels into the fleet. The two Vard vessels, one is already being outfitted, the 965 being outfitted at Vard Brattvåg in Norway. The second one is actually being towed from Romania to Norway as we speak, so she's outside Spain for the moment. 504 under outfitting at Gondán Shipbuilders in Spain. 967 is to be launched or will be launched next week in Vietnam, and then 968, the one to be delivered in 2026 is also quite well underway with keel laying being done in September this year. In summary, Edda Wind has a target to be a market leader. We will have a fleet of 13 vessels, including the new builds, 12 from second half next year. Overall track record and operational performances after the gangway upgrades are now where it should be, and we have demonstrated and are seeing improved utilization and full utilization of the vessels. We have a very solid contract backlog with good diversification of clients and in various markets as we have shown. The day rates are showing a very positive development and again good activity, and of course also the company Edda Wind has the benefit of ordering vessels at the early stage with good delivery times and at also attractive pricing. We have a good and robust financial platform, and all the vessels are now also debt financed as mentioned by Hermann. So we are very optimistic about the future. We are very happy that we could deliver a quarter three where we are demonstrating and moving away from some of the performances and challenges we have had in the previous few quarters. So by that, I think we head into the Q&A session. Lars, you will guide us through that. Thank you, everyone. Thank you, Kenneth, Hermann. So far, very, very few questions this time. Hopefully due to a comprehensive walkthrough by Hermann and Kenneth. So as of now, only comment or only question is related to our new build. Basically, confirmation that the last four vessels to be delivered from Vard, they have a different gangway system than MacGregor’s. That will be the MacGregor ones, and the delivery schedule has been indicated by Kenneth already. So other than that, I have to say that so far, very, very few other questions, but we can hang on for a minute. Okay. So that was not a question. I have to say first time. It's been a change. Let's take it as a positive side case. Definitely. Comment in here and now to you, Hermann, from Roald here. If you can elaborate on the working capital changes over the quarter and how we should think about working capital movements going forward in terms of taking over five vessels over the next year or so? Yeah, I think for the quarter it was a bit high compared to what should be kind of on a normalized basis. But as vessels are being delivered, there will be a working capital buildup, but not of the size that you saw this quarter. Good. So unless I see anything over the next one, feel free to reach out to any of us directly afterwards. We will follow up with all analysts as per usual, of course, and walk through. Yeah, some questions coming in, and I think to be honest, we have covered most of them already in a few times with regards to having a fixed portion of the interest. We've indicated that previously with regards to capital allocation. Maybe you have one comment on potential dividends going forward, Hermann, as per always. Yeah, I don't think there's too much to comment on that. We have stated a dividend policy, and that remains, but of course we are also now at the early stages of the operational performances here. Lastly, are we considering buying or ordering more vessels, Kenneth? Not any concrete plans, but it's always something that is up for consideration, of course, but we have nothing in the pipeline. Good. As always, again reiterating what I just said. Feel free to reach out if you have any further questions, and we'll follow up as best we can. Okay, thank you for your. Thank you very much. Have a nice day. Thank you.