All right. Good. Yes. Good morning. Thank you very much, Mads, for introducing. Yeah, I would like as well on behalf of the entire management, welcome you all to the Q4 2022 earnings call. I would like to have a look with you on the agenda first. I would like to give you, together with Frank, an overview about our results, starting with the executive summary, going via the market up-update to the financial figures. Would like to give you a little bit more insight about our Shift Gear performance, and then I would like to move to the outlook and then following by the Q&A session. Mads, let's go to the executive summary, and I would like to start with our performance in the Q4. The revenue from continuing operations amounted to EUR 215.3 million in the quarter for 2022. That's actually EUR 9.6 million or +4.7% higher than last year's quarter four. This includes positive currency translation effects of roughly EUR 6.6 million, the moderate growth in Q4 was mainly driven by the above-market performance, in particular in the commercial vehicle market in all regions, as well in the passenger car market in Europe, however, was partially offset by significant decline in the Chinese passenger car market, as everybody experienced with the open up of the COVID restrictions. In addition to that, this quarter revenues did not include the revenue of the divested Canada Powersports business anymore, that's a consequence of the complete sales transaction to BRP executed in by end of Q3. Looking on the adjusted EBIT, this amounted to a solid EUR 11 million, exceeding Q4 2021 by EUR 2.8 million or 25%, as well here, without the divested Canada Powersports business. Here I would like to point out that some special effects headed in as we were benefiting certainly from customer price increases booked in Q4 2022, in particular in our Powertrain and Chassis division, while on the other side, we booked additional provisions for customs claims in North America, which we reported already in Q3. The lifetime revenue business wins in the fourth quarter was very strong. It came in with EUR 224.3, compared to EUR 61 million in Q4 2021. If you're going to look into the annualized new business wins, we talking about 73 million versus the 28 million of last year. A strong booking, which is encouraging towards the future growth trend. A very good result as well in the free cash flow on a level of EUR 84.5 million, fueled by the Canadian BRP Powersports divestment. Very good news as well, the adjusted gearing ratio in the LTM basis for continuing operations improved to 0.8, compared to 4.2 in Q4 2021, and we will elaborate on that on the financial figures a little bit more. That's a very good figure, and it's a result from all three recent divestments. Let's go, Mads. Despite ongoing multiple challenges in the industry, which is continuously going through, KA could achieve respectful result with EUR 905.6 million on revenue, which is an 8.9% growth compared to the previous year. If you're looking in the EBIT performance of 35.6 million, I'm glad to share that with both of the figures, the company and management delivered on the revised guidance. The company and the employees did a great job during this rough times, therefore, I would like to take here the opportunity as well to give my thanks to all colleagues who generated value each day for Kongsberg Automotive. Even more, based on the divestment, we couldn't significantly leverage our company reflected by the high amount of cash flow, net interest-bearing, and a healthy leverage ratio, which is important for a company's credit rating and security. Good news on this as well. When it comes to the new business wins, we mounted up for the entire year of 760 million respective lifetime revenue, which is 81 million more than the previous year. With Q4, back on a very encouraging book-to-bill of above one. Looking into the next slide, this is giving us a typical glance into our segments, into our major two segments of Powertrain and Chassis Products and Specialty Products. Here we're going to see the 8.9% overall growth, as well as the new business wins were in this year, majorly fueled by P&C, while the SPP comes out with a very solid performance on revenue, considering the fact, again, that the Q4 2021, in comparison, still included Powersports revenue, which isn't considered in the Q4 2022 number anymore. Both segments had a great Q4 new order intake, which is actually you see that on the new business wins columns on both sides, which actually mounted three times higher than in the previous year, equal quarter. That's a very good news. When we're looking into the, let's say, sustainable profit or EBIT margin, we see here, and we need to point out two special effects. You see, great 7.8% on the left side at the powertrain division. As I've mentioned here, we're heading in some special effects, and this was the price increases by our which we got in by our supporting customers, which was valued of 6.7 million compared to Q3 2022. We had some release of smaller provisions in a magnitude of 3.4 million, which offset at some time negative effects majorly on the supplier side. The Shift Gear One performance negotiations here with our supporting customer base, we had a great success, which we booked partly into the Q4 result. That's why you see here 7.8% performance. If we're looking into a normalized performance here in P&C, it's compared to Q3 as well normalized, getting better, and we see in here a good trend towards the next quarters. When it comes to the Specialty Products, we saw actually outstanding performance in Q3, where dropped in Q4 as well. Here to give you a little bit more flavor into that, we had in Q3, certainly positive effects from customer reimbursements. Price increases, reimbursement for raw material price adaptations. This came in a month earlier in SPP. This is what you see now in Powertrain and Chassis, but that's what we booked into Q3 already as it came in earlier. We certainly had some positive variances here in Q3. In Q4, we in the return had some negative effects when it came to inventory cleanups. As you may remember, the industry is pushing out certain inventory levels, and we took here in Q4 the opportunity to clean up some inventory in the Specialty Products segment. Overall, certainly, we will see a more stable outlook towards the next quarters. The industry, I have to admit, is still very volatile, we will report about special effects as you are very known and used to it over the quarterly, next quarterly revenues. Looking a little bit in the next page, that's in the market update. When it comes to the Q4 car production performance, we saw a 1.7% increase in the quarter four. Compare year-over-year in the passenger vehicle area, 1.7% increase, which is a very, let's say, stable on flat number. We saw even a decline of 6% in the commercial vehicle market. The China market was here the major differentiator as the Corona open up politics significantly slowed down industrial activities within December. We saw that as well continuing in January and February, combined with the Chinese New Year season. That has slowed down strongly the global commercial vehicle production as China is, at the end of the day here, traditionally the engine when it comes to growth. Yeah. Looking into the next slide, here we're seeing the current ongoing global market challenges. Energy prices coming off highs, global inflation still on a high level. As well here, the KA, the group, has been exposed to market fluctuation in the price and availability of mainly the following raw material: the steel, copper, zinc, aluminum, and resins, polymer resins, which we are using in particular in our FCS area. Sudden fluctuations in the market conditions could therefore always impact the group's financial positions, revenues, but as well profits and cash flow. Raw material sourcing costs are also exposed to customs and duties. In 2022, prices of the above-mentioned raw material as well as electronic components have reached new all-time high levels, which together with the rising transportation costs, created an insecure situation. We know that and we reported about that, especially all the overseas deliveries. Kongsberg certainly, and I need to point that out, applied a variety of countermeasures here, ranging from commercial negotiations, which we reported, and I will elaborate on that a little bit later, to, let's say, implementation of raw material price clauses in contracts. We had launch of benchmarking RFQs. We did resourcing, nearshoring activities and sourcing on lower costs. We're looking as well to adjust our supply base towards the macroeconomic and geopolitical circumstances in order to increase here our independence and being more flexible and reacting more, in better in future on those crises. Summing it up, we see the energy price and inflation still ongoing. We saw that in Q4. We're going to see the effect as well in Q1. We see still certain semiconductor shortage. In general, it's getting better, as reported as well in Q3. We see still volatile fluctuations here when it comes to certain specific semiconductors. There, it's really a limited capacity versus an overarching demand. If it comes to supply chain, what we saw as well, but we could manage that. We saw the first companies did their business model testing. We saw as well the first bankruptcies here. Looking a little bit in the macroeconomic performance here, the overall on the next slide, the overall performance, how Kongsberg performed in the global perspective in the passenger vehicle, as you know this slide, and the commercial vehicle, but as well as a quick look in others. We see certainly that the commercial vehicle market in Europe has increased. Sales to Volvo in particular, so on, or Scandinavian customers has increased by 12.4%. We see here a good performance when it comes to the commercial vehicle in Europe. We see in Americas as well, certain increase when it comes to our commercial vehicle segment. The commercial vehicle segment here outperformed in Europe, but as well in Americas, our performance. When it comes to the passenger vehicle, we see here, a huge drop continuously in the particular, in the European market for Kongsberg. That's just simply the demand for manual shifters, which is a big portion, in particular in our P&C business area, is going to get reduced with the transformation. That's actually nothing new or surprising for us, but you see it now as well in the figures. As said in the return, this could be compensated by outperforming commercial vehicles. That's underlying at as well our strategic pathway to moving more and more out of our passenger vehicles in certain areas in particular, and moving more to commercial vehicles, so on board, on the highway and off highway. This trend you see here when you're looking on the market versus Kongsberg performance is certainly confirming again, is going to be the right choice. Looking on the next slide, and this is looking forward, here, our new business win performance, and in particular, the green line is here the line which we should look into it. As reported in the opening already, good bookings in the fourth quarter, in particular in P&C segments, on highway business unit, and here North America has raised the book-to-bill back to our clear growth path. We are here on the 1.0 or above 1.0. With our newly centralized sales and business development organization, we feel to laid out the right pathway for the exciting new business wins on our way forward. This is looking encouraging, in particular towards the outlook over the next quarters and years. I would like to resist to hand over to our financial update, and I would like to hand over to Frank. All yours. Thank you very much, Jörg. Also welcome from my side. I want to give you more details on the financials, starting with the revenue development. Again, Q4 came in at EUR 215 million without the contribution from BRP sales from Canada. This is obviously the highest number in the last four years. The contribution of BRP sales in 2021 Q4 was around 16 million. A comparable base would be 190 million revenues, not 206. The increase was supported by positive currency development in the amount of 6.6 million, notably less than the quarters before, as certain currencies now have changed in the development, and we will also see this going forward. The biggest uplift on the quarter-to-quarter comparison came from more than 20 million of achieved price increases in the quarter, of which 75% are sustainable. The underlying volume was thus in line with prior year. When we look at the quarterly adjusted EBIT development, we came in at 11 million, also here excluding any contribution from BRP sales in Canada. The margin was 5.1% for Q4. You might remember in the last Q3 earnings call, we indicated a quarterly margin target of around 7%, which we could not achieve as we had on one hand, the additional warranty, customs accruals that we built as well as negative outcome of our yearly inventory counts, especially in the Fluid Transfer Systems business. Also here, corrective measures have been implemented, so this should be a one-time impact. When we look at the earnings bridges, then it's good to note that both operating segments have contributed positively in the quarter-to-quarter comparison. P&C, very strong with 2.5 million on the back of the significant price increases. Also SPP was able to nominally increase their adjusted EBIT despite the negative one-time impacts. Smaller items in other and FX then led to 11 million. On the net income side, obviously, a significant impact in the quarter resulted from the divestiture of the Canadian manufacturing site to BRP, 30 million, including related taxes. We had some additional restructuring costs in the amount of 3.6 million that we accounted for and that are not part of the adjusted EBIT, but of the net profit. In Europe, we looked at the recent development of our Driveline product programs, and noted that despite our efforts to increase the prices to compensate for raw material increases, energy cost increases, we were not able to bring certain projects into profitable territory and were thus, we were forced to account for onerous contracts and also impaired assets related, dedicated to these projects. Total amount, 3.2 million. Positive development on the interest side, as we have reduced our bond. Also, the interest amount paid was reduced by 800,000. Other financial items also positive here, as we are continuously increasing the share of excess cash that is generating interest. This is also positively contributing in the quarter to the net profit. The currency development in currencies like U.S. dollar, RMB, was unfavorable and led to a currency loss of 8.4 million. The tax position, 5.7 million. Here, also certain adjustments had been made, special adjustments, impairment in Switzerland, as the divestiture of the BRP plant resulted in the loss of a significant contributor to the Swiss principal model, and we therefore impaired goodwill for future losses in order to be conservative and not overstate the potential recovery of tax loss carryforwards. It resulted in a positive net income of 13.2 million, a 14 million increase versus the same quarter prior year. When we look at the cash flow, we also had a very strong quarter. Obviously, again, majorly impacted by the divestiture of the Canadian plant, but also in the operating activities, we saw a 50 million positive cash flow, mainly driven by a significant decrease in net working capital. The investing activities include the proceeds of the asset sale to BRP in the amount of 63 million, netted with investments in CapEx of 9.4 million. The financing activities resulted in a cash outflow of 16.9 million, mainly attributable to the share buyback program in the amount of 9.4 million, and payment of interest on the bond of 5 million. In total, 74.5 million cash flow. If we were to exclude also the share buyback as a special item and a small repayment of a bank overdraft, then the free cash flow amounts to 84.5 million. When we look at the cash position at year-end on a quarter-to-quarter development, we see again that the operating activities contribut 52.1 million, mainly on the proceeds for inventory and other net working capital sold to BRP, and only a small fraction still related to the discontinued operations business, where we're still collecting receivables that remained with the company. On the investing activity side, again, the proceeds from the sale and the CapEx led to the 54 million contribution, and we had to true up on the sale of subsidiaries with Suprajit that added another 1.2 million to the cash flow. Financing activities, as mentioned, share buyback and bond main items. The FX effects I have mentioned as well already. Total balance at year-end, cash-wise, 212.9 million. Very solid and very strong. When we look at the cash flow development, on a yearly comparison, quarter four, 2021 to quarter four, 2022, we see mainly the same big effects from the divestiture. We see as well that the total investing expenditure for CapEx amounted to less than 30 million. We tightly managed the investment in our tangible assets. For the full year, you can see on the year-over-year comparison, you can see that the FX effect is significantly smaller compared to the quarter three to quarter four comparison. It's actually a positive 3.8 million. When we look at our overall liquidity position, we note that with almost 300 million, we are still in a very comfortable position, 230 million of cash. We still have the 25 million unutilized securitization facility and the undrawn revolving credit facility of 50 million. From last quarter, obviously the biggest contributors to this increased or strengthened cash position are again, the change in total net working capital, the significant reduction, as well as the proceeds from the sale of the BRP business. When we take a final look at the key financial ratios, we see a positive development in the adjusted gearing ratio that now amounts to only -0.3, excluding IFRS 16, so basically debt-free. Taking IFRS 16 into account, we are at a very strong 0.8 at Q4 2022, coming from a 3.8 a year ago. As we mentioned, we have significantly deleveraged the company. At the same time, the divestment above book value led to an increase in the equity, so that the equity ratio was strengthened from 27.1% a year ago to currently 35.2%. On the right side, we see that the adjusted ROCE amounted to 4.4%, which is lower than a year ago, despite the fact that the capital employed was reduced by EUR 140 million. Obviously, the lower earnings of the last 12 months, also impacted by no contributions from BRP in the fourth quarter, resulted in a decrease of the ROCE. With this, I conclude and would like to hand back to you, Jörg, for the Shift Gear update. Many thanks, Frank, for sharing with us these, let's say, encouraging financial KPIs. Yeah, I would like to come to the Shift Gear update, prior we are heading to the Outlook session. I would like to look here into our gear, Shift Gear One, our in-performance improvement program. When it comes to this improvement program, Shift Gear One, our company's program to counter the negative market impacts, KA's worldwide teams could once more deliver solid performance. The company increased its cost saving initiatives further from EUR 52 million for the full year outlook reported in the last earnings call to a great EUR 63 million of today in the year-end view. You see here as well, 60 million of the 63 million has been successfully ultimately implemented. To judge this performance a little bit better, this risk we could fully offset supplier direct one-to-one material increase impacts and up to 87% of the total direct and indirect crisis-related impacts in summary. Allow me here, many thanks as well to every single employees involved, and we certainly will continue on this as a part of our company DNA. With this, Mads, I'm heading over to the outlook session, and here I would like to take the opportunity to summarize on a one page all the divestments which we successfully in our team effort executed in 2022. Overall, we divested business with a combined enterprise value of EUR 360 million and turned that into net proceeds of almost EUR 300 million. We took out here roughly EUR 423 million revenue. If you're going to look in just to recap and recall again, we sold our and closed our divestment of our Interior Comfort Systems division. On the left side, we sold that to Lear Corporation and closed this deal in February 28. This is divested, let's say, non-core business for KA, we followed a clear trend in the industry of our seat customers for vertical integration, and we were glad to upgrade here our customers and took for us a non-core business and very investment incentive business out of our scope. With the sale of the light duty cable to Suprajit, transaction, which we closed on 6th of April, just to recall again here, we took out here for us a certain kind of non-focus business anymore, and we were glad to divest that and give it in good hands of Suprajit. On the right side, we have the mentioned and already in the previous slides here stated divestment of our Canadian Powersports, plant to Bombardier, to BRP. This was a divestment which, let's say was on strong request. I would like to re-emphasize again, on strong request of our single customer, this plant was dedicated to one customer, to BRP, and BRP was on a course of vertical integrate this technology in order to execute their transformational plan towards electrification of their powertrain. This was pulled divestment of our customer, and certainly, we had to support that, and we supported that, and we could successfully close this in October third of last year. Overall, flawless divestment. With the next slide, I would like then here share two major items in our runway or pathway to transforming the company and these divestments just to prove the support of our runway to our vision to become a bigger player, less in passenger vehicle, more in commercial vehicles, on highway and off highway, and certainly in the very prosperous industry area. You see this divestment has support in a certain extent. You see that on the left side cake diagrams. With these divestments, KA exposure to non-automotive business increased from 55% to 67%. A clear confirmation of our targeted pathway to a more profitable and sustainable business. On the right side, another good KPI, Frank elaborated on that already. We got our financial structure much more healthy, and with the net proceeds laid out in the slide before, we could significantly deleverage our company. You see that we moved from a 3.8 times net interest-bearing debt per EBITDA to a 0.8, which is a very good and encouraging number. With this, Mads, please heading to the market forecast. What is 2023 and the outlook bringing for us? If we're going to look here on the global passenger car production in million units, 2022, an 82 million global production. The market expect here an increase when it comes to 2023 of 4%. A 3 million on a global perspective, more units are targeted for the industry. If we're going to look here, excluding China, which certainly provides a big portion, you see here as well, a 5% growth, so more and more in line, 4% with China in passenger vehicles and 5% excluding China. That's certainly encouraging. The growth and recovery is going to go on, but in a muted and still carefully way. When it comes to the commercial vehicle production, just to recall here again, we saw this significant drop from 2021 to 2022, which one has been as well affected our results. If you're looking into 2023, we see here a 6% global increase. If you compare that on the right side, excluding China, you see that all these growth coming majorly out of China. The recovery of the market in China is going to be precise if when it comes to commercial vehicle and the entire construction business. We see the 6% on commercial vehicle, which is as well muted. If you're going to see the 2023 figure, compare that to the 2021, there are still a way to walk in the industry just expecting the commercial vehicle business being on a performance of 2021 towards 2025. Looking into the outlook slide in the next. How does it looks like, looks like? What is our expected continued revenue and our EBIT growth when it comes to 2023? Here I would like to warm up the expectations by sharing. I mean, as mentioned, we're seeing first signs and continuous signs of relaxing market conditions or supply conditions, but they are still very volatile. Still, the global inflation is still going to be at a high level as we could see just the recent announcement. That certainly, to a certain extent, affect KA's profitability continuously in the short term. The market still seeing signs of improvements but stays tensioned and sensitive. When it comes then to the KA situation, This is a very good news. We still have very healthy order books. We experience increased customer interest for our most profitable products, which you could see in the new business wins. The mid and long-term outlook is still positive, and we certainly working here further to counter the market and external impacts by our Shift Gear program. We staying sensitive, and we staying careful here, and that led us as well to a guidance for 2023 to an revenue and an adjusted EBIT guidance of EUR 880 million-EUR 900 million on revenue and a EBIT outlook of 25 million-30 million respectively. Looking into the next slide, to better value this guidance, I would like to share with you our 2022 revenue and EBIT key numbers adjusted for divestment, in particular by the sale of the Canadian Powersport plant to our customer. Taking that into account, we expect to grow from EUR 870 million normalized revenue to EUR 880 million-EUR 900 million corridor in 2023, which is a 7.7%-10.1%, if you want to be correctly here, as a gross number. When it comes to EBIT from EUR 21 million normalized, so EUR 21 million normalized without the Canadian Powersports plant business, which we had to divest to our customer, we are growing from a EUR 21 million normalized EBIT in 2022 to a EUR 25 million-EUR 30 million, this is a 19%-43% increase on EBIT. You can weigh that 7%-10% growth on revenues versus a 19%-43% growth on EBIT. This is showing our runway towards, let's say, new restructuring of our company. With this, I would like to go to another item, and this is certainly coming back to, as I've mentioned, the transformation of our company, and looking always in opportunities, how we can generate additional shareholder value and structure the company and prepare the company for performance in the future. Therefore, KA, the management, together with the board of directors, has decided to initiate a dedicated strategic review of the company. The aim is to unlock the full potential of the business beyond the current performance. As mentioned, looking into the next level of development of the company. And yeah, this is, as well, in my opinion, the clear right strategic move. With this, we are at the end. Thank you very much. Mads, I think you're going to take over and lead us to the Q&A. Thank you very much, Jörg and Frank. We have some questions, and we can start with the first one. What do you mean with the statement in your recent release this year, KA and the board of directors had decided to launch a strategic review? I think you touched upon it, Jörg. Maybe you can just make a quick comment, additional comment. Oh, for sure. As I said before, in our transformational process of the company, we did the divestment so far. As reported, we are having our performance improvement. We're seeing as well that, let's say, the crisis and certain market circumstances are, let's say, slowing down our activities. With the strategic review decided between the management and the board, we're looking now into how we can accelerate in certain extent our strategic roadmap again. That's meant with the strategic review to really look dedicated into the next level of development of our company, in order to generate additional shareholder value. Many thanks, Jörg. Another question. What can we say about our plans for further growth and M&A? We're certainly looking into growth, and you see that, and that's why I was so positively seeing and reporting all those book-to-bill ratios above one. This is clearly stating our growth perspective, but as well the capability of the company, confirming the capability of the company in continuous growth, which we need and which we are heading to. It's showing us all the customer confidence in this company management and in each of every of our employees. When it comes to M&A, certainly M&A, as we reported always, is part of our strategic review, and this is certainly what we have now kicked off as a dedicated initiative as reported before. It's a holistic overall picture. Many thanks. Frank, a question for you. In the current interest environment with increased interest rates, are KA's interest-bearing liabilities mainly based on floating or fixed? Yeah. Obviously, our biggest liability is the bond, and that is based on a fixed coupon, so no impact on that from a increasing interest. Also the RCF has a fixed percentage, so at least in the short term, no negative impact to expect. Another question. What are the plans for the LOI with the Swedish Chassis Autonomy? I mean, as reported, we are continuing with our close cooperation with Chassis Autonomy. We are, let's say, motivated and excited in their capabilities and in a combination of with our strong skills in mechatronics, this could potentially be a good move. As I stated, we are, from both sides, still in the evaluation phase. It's currently too early what, at the end of the day, this cooperation can develop on full impact. Certainly I'm more than glad to keep each and everybody, yeah, informed about this exciting opportunity. Thanks. In 2022, KA opened two new sales offices. What are the expectations for new contracts in 2023 for those offices? Well, I mean, you're pointing out a very good item. We opened up our sales office in Korea, but we as well opened up an office in Germany, so we are expanding. As I said, in particular, due to the consolidation and centralizing of our sales activities, we're thinking we are able to boost our activities when it comes to market growth and company growth. Our expectations are with this high, and we're seeing already, in particular in the Asia Pacific region, in particular in Korea or Korea, very good and encouraging new business wins. We are pretty confident that this is paying off and we are encouraged to continuous to expand our sales and business development network. What are your plans for the capital structure given net leverage below one? Short term, I would say, we are opening opportunities in many directions with a strong balance sheet, that is think what is needed in also, in order to also, execute whatever the strategic review unveils. Therefore it's currently not an intent to say significantly deleverage further. We will keep the war chest for the time being. Yeah. I think that question and answer is answer pretty many of the other questions we have here. Any plans for the spread out manufacturing footprint optimization is another question. Yes, certainly. This is part of our Shift Gear Two program, optimization of footprints. This has, let's say, two views out of the Kongsberg's perspective. One is certainly to optimize and consolidate footprints from terms of technologies, but as well in terms of capabilities and profitabilities. We found here, for ready for execution a quite good model. The other topic what comes, the second view or angle or view on this is certainly the geopolitical situation which we need to consider here as well. How we keeping our, let's say, footprint more stabilized and more independent and more preventive for every, let's say, geopolitical crisis. Both of these are forming our new footprint strategy, and we will report to that during execution of the next quarters. Yeah. Frank, you answered probably a lot of this question priorly. I think, what are the plans regarding dividends for KA? That's one. Will it be relevant to continue the share buyback? Maybe you can make a quick comment on that as well. Yes. On the dividend policy, the policy is unchanged. You can read in the annual report that the board of directors will propose to the AGM not to pay any dividend in 2023 for the year 2022. Also here, I think it adds to what I said earlier. Let's look at the strategic review and then decide what is the best for the company. What was the second part? Share buyback. Share buyback. We have concluded the share buyback, as announced, we'll ask also for redemption of these shares as indicated at the next AGM. At the same time, just in order to have additional flexibility, we will also ask to get authorization again to buyback up to 10% of the outstanding shares. At this point in time, this is only a precaution. Do the 2026 financial targets remain unchanged? That's certainly not. Because as I elaborated and showed in the slide, we jumping currently from a reduced drop base. When we're looking into 2022, let's say this forced divestment on the Powersports Canadian plant has pulled down our EBIT performance, and this has slowed down certainly our previous ambitious EBIT runway. That's why I wanted to underline. That's why we are increasing our efforts in business development and in sales and revenue development in new business wins in order to gain back speed here on our pathway. On the other side, certainly mentioned as well, that's one of the reasons as well why we decided between the KA management and the board to explore further strategic options to accelerate back on this pathway. Now that China has opened up, how will that affect KA? You have elaborated on that earlier, Jörg. Maybe just a quick follow-up. What we saw, and certainly KA is not an exception, that's the overall market saw certainly in December, January and February, a significant drop because, I mean, China opened the doors, and did a 180 degree turn when it came to their COVID policy. We saw here an impact on the economy, on industry production, and certainly on outputs. That's what we saw in total. We need to see how quick China is going to catch up again when it comes to getting the industrial and economic engine restarted. Normally, they can be very quick. I think in my opinion, it's a little bit too early how quick is quick. Overall, we expecting that China is in particular in the second half, increasing their speed on recovery. If this is at the end of the day at the level the global industry is expecting or hoping, I mean, we have to wait how the Q1 looks, to be better in the position to give here from a market perspective a better view. Many thanks. The battery thermal management system, what is the status? How is KA positioned compared to competitors? What are plans and expected revenues going forward from this? We are continuously we're going to support, in particular in the next quarters, about the BTMS. The exciting news is certainly we are in development products with two major customers that looks very promising. I have to admit the market is a very crowded market, as I've reported when we set up our concept for BTMS, and that's what has been confirmed here. It's a crowded market, our competitive advantage is here. We are developing our competitive advantage that we, with our Flow Control Systems know-how, we bringing a unique selling point to the competition or against the competition. We are hopeful, and we are confident that BTMS is still going to be at all enjoyable business for us. It's competitive, and it's, let's say, requires a certain dedication and support, and we are on that, but confident. Regarding the newly launched air suspension system, how was the revenues from this in 2022? How does it look going forward? The same question goes for actuators to EVs. How is the sale proceeding? We see strong interest. Thanks a lot for this question because we see strong interest on both sides. We had significant bookings and encouraging bookings, in particular on the High-Performance Couplings, which are feeding exactly into the air suspension application. Encouraging is this, it's not only bookings in, let's say, the so-called Western world. We won an interesting entrance contract into the biggest Korean car manufacturer. We have high expectation on this HPC, high-performance couplings, and it looks like always carefully addressed here, but it looks like that's really hitting well into the market. When it comes to the electrical actuators, that's an even more advanced area. We see a lot interest of OEMs, as well in particular tier one customers, who are in particular delivering E-axles or e-transmissions into the OEM customer base. We have intensive talks here, and we are here in very encouraging application discussions how to integrate and package our sensors as a certain kind of platform concept into the tier one's future transmission. This is certainly ongoing, encouraging, just to give you a little bit of flavor and development of a transmission goes over six to seven years. That's not what we're talking about e-Actuators, this is an ongoing process and we are confident that we will see in the next quarters, as well the sales bookings accordingly. Many thanks, Jörg. We are approaching nine. We have a lot of questions, and we still have some to be answered, but I think that we can every questions you might have, you can feel free to contact me, and we will make sure that they will be carefully responded. I would also like to thank Jörg and Frank for the presentation and for all the auditors listening to us today. With that, I think we will conclude today's earnings call presentation, and we wish you all back to the Q1, the ninth of May. Many thanks to all of you, and feel free, of course, to send questions to me, and I will make sure that we will respond to all of them.