Good morning, and welcome to this presentation of the figures for the third quarter for Multiconsult. As you've seen from the invitation, we will also have an extended presentation, where we will go into a bit more detail, both with respect to the market and to give you an update on the strategy. There will not be a break between the two sessions, and that means that we open up for questions when we've gone through all the presentation. My name is Grethe Bergly. I'm the CEO. Up on stage today, I will also have our CFO, Ove Haupberg, and our EVP Sales, Thor Ørjan Holt. It's an honor to welcome you to our offices here at Skøyen for today's presentation. Looking at the key figures for this quarter, I will call it a mixed picture. We have good figures when it comes to revenue. There's a strong sales in the period showing that there is still a market, but we have a weaker result on the EBIT and therefore also the EBIT margin, and we have somewhat weakening of the billing ratio. I will give you some background, and Ove, of course, will take you through more of the details. We've chosen to call it investing for growth, and the rationale for this is, this quarter is the quarter where we welcome a lot of new graduates to the company, and we have a significant increase in the number of employees. The investing on onboarding and training these, of course, is an extremely important part for the future value creation. This also then drives the increased net operating revenue and the organic growth. So we have now, for a number of quarters, showed that we can have a strong organic growth, and, we are very pleased about that because we know that that is, again, a way of future value creation. It's very good sales in the, in the period, and we continue to build our order backlog, so we have, again, a record high order backlog. It is an unsatisfactory low billing ratio, partly because we welcome a lot of new employees, but there are also, a big variation between the different segments, and Ove will go through this a bit later. We have appointed, a new EVP for the segment architecture, Kristin O. Augestad. She also then will take the position as chairwoman for all the four, architects subsidiaries that we have. We have strengthened our market position in the period, and we've started the journey to get to know and work with A-lab, and we have also been awarded a number of contracts. So looking more in detail on the market and sales, the largest sale in the period is the E10 Hålogalandsvegen. It's a private-public partnership that Skanska has with the road authorities. They have also included the contractor, Hæhre, and we will be the main designer in the team with Aas-Jakobsen. The other new sales that you see here is a good example of the combination and the strength we have in working in all in four different business areas, and they represent the growth that we have seen for a while, both within energy, water, and climate adaptation. You can see on the graphs that there's a good increase in both sales and order backlog, continued strong sales and all-time high order backlog, high volume of ongoing projects, a good mixture with the basis of some very large projects, and a combination with the smaller, more diversified portfolio. At the same time, we are noticing now that the market for our services have leveled off, but it has leveled off from a high figure, and we do see that there's still a lot of opportunities in the market. Looking at the organization, we are now 3,717 employees, an increase of 12.3%, slightly less increase in the when you turn those into FTEs. And we welcomed 225 new employees in this quarter, and quite a substantial part of that are graduates. The organization, when we started with putting Kristin in as EVP of the architects, we got a cascade of other changes that we needed to make. Leif Olav Bogen takes over Oslo. He used to have the segment, the Regions Norway. Kari Davidsen has been promoted from being a director of Region West to take on Regions Norway, and we have also made a change in LINK Denmark, where Kristina Hjorth Adsersen has been appointed managing director. This also represents a very strong picture of our ability to plan for succession, develop our leaders, and I think it shows the strength that we are able to fill all these positions with internal candidates. When it comes to excellence, is again, good combination of innovation, I would say experience, and also the future. Link has been awarded an innovation prize for the work that they've done on the augmented architect. And if you want to know what that is, I recommend you go and look at their internet pages. But it's the combination of human knowledge and technology that has created a much more efficient way and supporting our clients in their decision-making. Both Svein Bjørberg and Elisabeth have been awarded honorable memberships for their engagement and contribution to the industry, and it is a privilege for us to have this kind of capacity working within the organization. Last but not least, Håkon Duus, in a strong competition with a number of young engineers, he was awarded the Advisor of the Year within the Consultant Engineering Association in Norway, proving that we will be set for more honorable memberships, I'm sure, in the future. Since we got listed on the stock exchange in 2015, Multiconsult has been running a share program for our employees, where they can once a year, they can buy shares at a 20% discount. We've had roughly 25% of our employees have participated in this program. We have a strong belief that employee ownership contributes to long-term increased shareholder value. In connection with this year's program, we're going to run more of a campaign to make sure that all our employees are aware of this program. We do accept, and we do realize, having now talked to a number of our employees, that there is a hurdle for some people to actually set up an account and start investing in shares. So that has meant that we will, for this year, also award 40 complimentary shares for all eligible employees in the group in connection with the share program that we roll out now in November. With that, Ove, I hand it over to you. Thank you, Grethe, and good morning, all. It's a pleasure to see you. We have a closer look then to the numbers for the third quarter and year to date, starting with the third quarter. The net operating revenue, NOK 977 million, that is an increase of 11.5% from last year. Organic growth, 8.4%. We see the effect of one less calendar day. That's 1.9% of 16.6% that is shown in the graph underneath in the picture. M&A activity is 5%. That is the split between Roar Jørgensen, which we bought by end of last year, and A-lab this summer. The main effect here, the drivers behind the growth, higher number of employees, as Grethe has shown you, 407 new employees, or 278 full-time equivalents. We see this also in the graph as increased capacity, and we have higher billing rates. Last year, just to remind you, that we had then the insurance settlement on this post, booked, on NOK 13.6 million, so that is also as a difference in all the revenue effect in this graph. The billing ratio, 67.8%, a decrease of 0.5 percentage points from last year, explained by the 225 new employees in the quarter, and among them, a large number of recent graduates to create future growth. Besides the change in the project portfolio on large assignments and a more demanding local market in some segments, so a mixed picture, as Grethe just explained to us. The EBITDA, NOK 29.2 million, reduction of 56.9% or NOK 38.6 million since last year. Then to remind you, the value of one calendar day, 13.6%, and the insurance settlement accounts for a total of NOK 30.2 million on comparable figures. Margin, 3% in the quarter, a reduction from last year, 7.7%. Corrected for the calendar effect, the margin ends as 4.6%, as we show you in the report. The prime driver year on year, seen here as the gray in the graph, is the increase in employee benefit expenses, and that is 8.8% per employee, and that is included the increased employer's tax. Order intake, very strong, NOK 1,349 million, an increase of close to 43% from last year, and the majority here is caused by the project E10, also, as Grethe mentioned. Order backlog, close to NOK 5.1 billion, the best again in the Multiconsult history. Other OpEx ratio, a small change from last year on 0.2 percentage point. We see some effects on office rents, on consultancy, and IT in the quarter. So that was Q3. Then year-to-date figures. We see more of the same effects, of course. The growth, NOK 3.4 billion, increase of 12.4% from last year, organic of 10.7%. M&A activity, an equal split between Roar Jørgensen and A-lab, and the calendar effect, 0.7%. We had the same number of calendar days, but we have a different value between the years. And the drivers, of course, then the higher number of employees and higher rates per hours. On the billing ratio, that has a somewhat reduction. The main deviation stems from this quarter. EBITDA, NOK 301.1 million, a decrease of NOK 10.6 million from last year, and a margin on 8.8%, also a reduction of 1.4 percentage points. Again, the main explanation is the increase of employee benefit expenses, and that's again, included the employee tax. The positive is the order intake, of course, NOK 5.5 billion in these numbers. Other OpEx ratio, again, lower than last year. The cost increase on NOK 57 million shown in the graph is the office expenses, included what we saw last winter on electricity, insurance, consultancy, travel, and IT. The profit for a period, NOK 203.7, a change from last year on -23.7%, or 10.4%, gives still a positive earnings per share on $7.46, on these numbers, and we still have Q4 to go. Then, as you are used to, a look on the different quarters, and the reason why this is that our numbers are affected by the number of available working days. Q3 is normally, and also this year, our weakest quarter. We have the vacation period, we have the start-up after the summer vacation, and we have the start-up of our recent graduates. And again, one less day than last year. So starting top left, good growth year on year, 11.5%, and the positive growth trend on the rolling twelve, shown in the blue line, is still positive and somewhat increasing. We see down right, a significant growth in the number of employees, 12.3%, and in combination then with a lower billing ratio and a higher cost per a full-time equivalent, puts pressure on the margin, and that is shown then in the down left corner, and we explained the reasons on the previous pages. Then our four segments. And just to remind you that the segment energy was incorporated in the regions Oslo and Norway from and including Q4 last year, and the historical figures have been reworked. We have the new segment architecture from Q2, but for first time this quarter, it's included both the P&L effects from LINK and A-lab. And again, we compare then quarter, this quarter with the same quarter last year. Okay, then you are ready from the left, region Oslo. A good growth in net operating revenue, 10.1%. The prime drivers are increased billing rates and then the increased number of employees. We have 94 full-time equivalents. EBITDA of NOK 25.6 million, the margin on 6.9%, and the billing ratio on 68.2% is influenced by several effects. The increased number of new employees in the quarter, a change in the project portfolio. We have the ramp down of the Sotra project and a ramp up of E10 and the hospital projects in Oslo, and we have a more diversified market for our services, cooling down in some parts and positive development in others, and we have, of course, the effect of this calendar day. Moving to the right, Region Norway. Net operating income increased by NOK 80.7 million or 5%, and also in this segment, the prime drivers are increased billing rates and increased number of employees, 107 full-time equivalents in this segment. EBITDA NOK 11.9 million, or with a margin of 3.1% and the billing ratio 66.5%, is affected by the increase of new employees, but also increased competition and pressure on margins due to lower investment levels in some districts and markets. Of course, here again, the calendar day, and I mentioned that now for the last time. We have, of course, on comparable numbers, the insurance settlement last year, and we have the positive effect of including Roar Jørgensen from beginning of this year. Then architecture. The growth in net operating revenue is 30.8%, mainly caused by the incorporation of A-lab in this segment. And then small comments per company, these four companies in architecture. LINK Norway. Underlying performance has strengthened, caused by the improvement program, which we have talked about now for some quarters, but have focused on all aspects on the PNL. The results are somewhat weaker due to one-time bonuses last year, and we see a challenging market in the country, and that it has caused some permanent layoffs, but only four, and the same as last quarter. LINK Sweden. We talked last time about the ramp down of Växjö Hospital, and that has effect now, and the planning of ramp up the new hospital project in Malmö. So this ramp down and, in general, more demanding market has caused a lower billing ratio. LINK Denmark, still faced with weak performance. There are some delays in both public and private projects, and that is causing low productivity. But we have the new CEO that has shaped a new management team, and we have a reduction in number of employees that was communicated this week. Also due to more demanding market, the results in A-lab is affected by the cost of permanent temporary layoff of personnel. So that was the segment architecture. To the right, international, we have a positive increase in net operating revenue, 10.3%. And that is also included a currency effect that is estimated to drive 9.9% of this growth. Very positive development still in Polska. High activity there, but a somewhat weaker result from Iterio and a more difficult market for Iterio in the Swedish market. Okay, that was the segment, but we still have a very strong financial position. Two pictures in the same, and cash flow to the left, and we start there. So the cash position at the start of the year, NOK 115 million, and then we have the cash from operation this year, NOK 369 million, included IFRS 16 effect of NOK 149 million. Then the change in working capital, negative about NOK 362 million. Most of this is seasonal effects, also seen last year, but we have some effects of late payments in projects, but we still have considered low risk, and we have just minor changes in our provisions. And just to confirm that we are maintaining our high focus on the level of working capital. Then cash to investments, that is NOK 146, that includes 40% of the shares in A-lab, that is NOK 67 million, and the rest is increase in fixed assets, mainly machinery, equipment, and IT. On the financing activity, we see two effects that go in opposite directions. So we have the dividend payout, NOK 247 million, and the purchase of own share, close to NOK 50 million. But that is financed by loans of NOK 400 million, gives us a NOK 95 million positive, and then we have the IFRS effects here as well, and then with a negative NOK 70 million, cash effects at end of this quarter. But just to the right, the net interest-bearing debt, NOK 440 million, that is still good within our credit policy, and it's changed from last year, is the finance increased dividend and the M&A activity, so both to increase shareholder value. The last picture from me, free cash flow. Just to remind you, on 12 months rolling, still positive on 369, which we see on the top line here. Negative effect this quarter from the operating profit, corrected for the change in working capital. So by that, I welcome Grethe back on the podium. Thank you, Ove. The outlook for Multiconsult is that the request for our services is still strong, but it has leveled off. We see a significant variation within geography and the various business areas. It does mean that we are now mobilizing to navigate in a more complex and uncertain market. One of the markets that's a lot attention towards is, of course, the building and properties market. And also here, we see that there is a diversified market outlook. There is a weakening in parts of it, but there are also positive developments. And later on, Thor Ørjan Holt will give you some more insight into how we are exposed within the area of building and properties. We are seeing a continuous strengthening for services to assist society and our clients in the demands for sustainable solutions. And we are well-positioned for the future, through the high volume of ongoing projects that we have, and the diverse portfolio, and a very strong order backlog. So with that, we conclude the first part of this presentation. And we're now going to go into giving you an update on strategy and on market, and we have called it Fit for the Future. This is to show you what we have done, and how we're working now going into a slightly more demanding market, we would say. A short reminder of who we are. We are a Norwegian powerhouse with 3,700 skilled architects and engineers. We do architecture, we do consultancy, we do engineering within the construction industry in Norway and abroad. We do more than 10,000 projects for more than 4,500 private and public clients in more than 20 countries annually. So it's quite a diversified and quite a large operations. For those who have followed us for a while, you know the journey from the turnaround next level program, through which we created the common ground for the need to change, and we made sure to action on the changes that we needed to make. At a capital market day in 2021, we introduced the term the winning philosophy, communicated the plan for our strategic position that we were working towards. Having lifted Multiconsult to a satisfying higher profitability level, we are now concentrating our efforts on staying ahead. Staying ahead contains business operations and processes to ensure growth, while maintaining profitability and developing the company, delivering on the promise for the target we've set. Staying ahead contains methods and constant monitoring and surveillance to the core business to enable implementing changes when the environment change, locally or globally. In this picture, we sum up what we have actually achieved in the period just behind us. We have delivered profitability in line with target. For four consecutive years, we've been within the growth ambition. We have managed to keep control of our costs. We've strengthened the business through strategic M&A, and not least, I'm privileged to head a team of extremely competent executive vice presidents. Then looking on the right-hand side, in this period, we have created an EBITDA of NOK 1.1 billion, representing a margin of 9.7%. We've had an average growth of 7%. We've paid out NOK 628 million in dividend, and we've had an average payout ratio of 80% of net profit. And together, this creates the foundation then for further growth. We have a solid position in the market and an order backlog. We have a strong position towards the green shift. Our competence and experience makes us an enabler for the net zero society that we are working towards in the long run. We have a strong and diversified client base with long-term relations. We are a preferred employer, both when it comes to graduates and professionals, and we are seeing that we are, with our clients and partners, creating excellence, and being awarded and recognized for this. So then, looking into more of the details of this, in addition to organic growth, the following M&A has been instrumental to the development of Multiconsult. It has provided us, given us, the number one position within building and properties in Norway, and the number one position as an integrated consultancy in architecture services. It has strengthened our market position geographically and within the value chain. When we then look at further growth, it will take place along these three axes. We are now looking into how to accelerate the market in Norway. There are still opportunities for organic growth. There are still some geography areas that we are not covered, and we are looking at also how we can work with partners to expand our position in Norway, in the markets and the core that we're already operating in. Secondly, we look at introduction of new services, and on this one, we will work both horizontally and vertically in the value chain, integration that we are already a part of. And then outside Norway, we would look for further market expansion, and we will use the footprints that we already have in Denmark, Sweden, and Poland. In 2021, we set the goals for the strategic positions that we wanted to take within five areas, respectively, clients, industry, climate, colleagues, but also that we wanted to create a position for ourselves in exploring the unknown, making sure that we also followed and exploited, I would say, the opportunities that come from this. It was in a position where we saw that there are changes in the market. Our clients are being challenged. We wanted to be part, a partnership with our clients on this journey. And for each of these areas, set a defined goals to measure ourselves against, to see that we were actually confirming that we are on track. When it comes to clients, to build long-lasting clients relation through groundbreaking projects, how do we know that we're on the way to do this? One way of knowing is to see that you're actually part of contracts and projects that win awards, 'cause that's the benchmark against the world or the rest of the society, and we see that we are currently involved with projects that has been given awards, and we have finished projects that are winning awards. The Zero Emission Lab is a really good example of that, where it's a combination of innovative solutions, future non CO2 emissions, and it's a living lab where you can test out almost anything you can imagine on how a building is, is working. We have won prestigious awards when it comes to hospitals, and we have also won prestigious awards when it come to hydropower dams. With the industry, we wanted to be a driving force in developing new technologies, and what we're seeing now, in particular in the large projects, we are now applying technology innovation in the execution of projects. An example is from the Fornebubanen. We are now actually designing in a way that we can take the information we have directly to the machines, who's going to go out and dig and prepare the sites. This is, of course, two large benefits: It's more efficient, but it also reduces the chances of mistakes. But we are part of some of the really groundbreaking technology breaks that's going on in the industry, and we are also engaging in partnerships to support our clients in their most challenging projects. We are taking part in new types of contracts, where we're much more partnerships, and we're also joining in with the client, the contractor, and the consultants, taking on more risk, but also then getting the opportunity to get the reward through the new way of running projects. On the climate, we set out to invest in strategic development to provide capabilities needed to support our clients in the green shift. We're seeing now that our expertise support clients in choosing climate-friendly solutions to developing renewable energy. In the last 12-8 months, we have won and delivered assignments for the green shift, natural hazards, energy-efficient building. We're working across the whole chain, really, under the umbrella of sustainability, and we are part of developing future energy solutions, being it carbon capture storage, solar and wind power, hydrogen, and ammonia. We also set some targets for colleagues, because developing and attracting talents to solve the most challenging future that we see is a very important part of what we do. And we have established an academy, we have established career programs as a foundation for developing and retaining our most valuable assets. At the same time, as we continue to focus on maintaining a position as a preferred employer for graduates, because that's a way of building and maintaining our talent pool. And then last, the X, the unknown. We have established what we call the Explorer Factory, but it's really an efficient way of running innovation and being part of innovation projects also with other partners. It's a way of validating and commercialize our open business opportunities and encouraging new ideas, but supporting them, because most of our staff are not trained to take an idea and follow it all the way through to a viable project. But we're seeing through this, the X. We also make sure we are out there exploring. We're part of the arenas where innovation take place, and we have, in the last few years, invested in two startups, Seven Analytics, where we're working very closely. Different business model, but also, topics and technology that support some of the areas where we are already strong to go to our clients with another value proposition. And now latest is the Anker, which is a startup working on, more related to building information system technology, to support, the testing, but also how we collect data and can use it for some of the work that is routine work, but the machines can now do for us. These are some of the examples of the areas that we have worked within these five positions. With that, I hand you over to Thor Ørjan, who will take you through, the market in more detail. Thank you, Grethe, and once again, good morning, everybody. My name is Thor Ørjan Holt. I am the EVP Sales in Multiconsult, and I'm responsible for our market and sales activities. I'm going to give some more details into our market and present to you our four business areas. I will comment on our position in various part of our market, and I will also give some more insights to our market outlook. First, an executive summary of Multiconsult's market. Norway is Multiconsult's home market. We have more than 30 offices in the country. We also have offices in Sweden, in Denmark, in Poland and U.K., and we have a partly owned company, Norplan, in Tanzania. Multiconsult's core business is providing architecture, consulting, multidisciplinary engineering within the construction industry. We deliver services to 4,000. more than 4,500 clients, in more than 10,000 projects, in more than 20 countries each year. Now, I will give a short, introduction to our subsidiaries and our views on our position. Multiconsult in Norway is the second largest consulting and engineering company in the country. We state that we have a leading position, within, consulting and engineering in several parts of our market. Our newest member in the group, is the architectural company, A-lab. A-lab has a number one position in Norway, with respect to urbanization and private property development. LINK Arkitektur is the second largest architectural company in Norway. It is among the 10 largest in Sweden, and it's a medium-sized player in the Danish market. Combined, LINK Arkitektur has a number one position within hospitals in Scandinavia, and LINK has been a vital part of Multiconsult's ambition also to become the number one company within hospitals in Norway. Multiconsult believes that a stronger integration of architects and engineers will generate increased synergies going forward. In Sweden, we also have Iterio. Iterio is a niche player in the Swedish market, mainly operating in the infrastructure market in Sweden. Then finally, Multiconsult Polska is a local Polish company. It is among the top ten companies providing services in the local Polish market. Multiconsult Polska is also becoming an increasingly important partner for Multiconsult Norway, providing now increasingly more capacity into our Norwegian projects. Looking a little bit more into our Norwegian home market, I will, based on available sources of information, Multiconsult estimate that we have about 14% of the market share within the onshore construction market in Norway. This is excluding the oil and gas industry. Looking at the architectural market, we, we foresee that we have about a 15% market share. When we look at Multiconsult Norway, among our Norwegian peers, we state that we have a strong number two position, that our growth is back on track, and that we are currently gaining market shares. Multiconsult has a robust and flexible business model. A large portion of our employees has the capabilities to work across several of our business areas. This gives us the flexibility to move resources towards the shifting demands in the various markets. In Q3, Multiconsult had a gross operating revenue of more than NOK 1.1 billion, and we note that we have a steady and good growth in all business areas. In addition, we see that we have a significant growth in energy and industry of 26%. Currently, there is a cool down in parts of the building and property market, and we are currently moving resources in the direction of energy and industry market. We are currently in a position where we have an all-time high order backlog relevant representing all the business areas, and we are well positioned in the market going forward. Now we will go a little deeper into each of our four business areas, starting with building and properties. The building and property market is diverse. It consists of a large number of clients, large number of smaller and medium-size projects, but it's also consisting of some major construction projects, such as the new Rikshospitalet. The main growth, the main driver in the growth in this market is the general growth in the population, which generates a steady increase of demand within healthcare, within hospitals, schools, all kinds of public services, as well as increased demand of housing and both cultural and commercial buildings. At the same time, the new taxonomy and EU and national regulations related to energy saving and sustainability is driving the market. This is especially important in the modernization and renovation part of the market. Buildings that doesn't meet high sustainability standards in the future will lose its value. Important clients for us in this market is the major public clients such as Statsbygg, Forsvarsbygg, Sykehusbygg, as well as counties and municipalities throughout the country. Private property developers and contractors are also important clients. Looking at the market outlook within building and properties, we see also a diverse outlook. Currently, the housing and real estate part of this market is cooling down, and we see that it will take some time before that part of the market will recover. Multiconsult has about 5% of its building and property part of our revenue related to housing. LINK Arkitektur has about 23% of its revenue revenue related to the same housing market, meaning that LINK Arkitektur are more exposed to this cool down than Multiconsult. We see also that other parts of the market has a positive development. There is a strong growth in the investment in defense projects, and we note that we have a steady demand within energy saving and transformation projects. Multiconsult state that we have a leading position within integrated architectural and engineering design of buildings. We state that we have a number one position within architecture in Scandinavia, and we have the largest capacity of HVAC, electrical, and geotechnical engineering in Norway. Now, moving into our business area, mobility and transportation. This market is mainly driven by some large projects such as Statens vegvesen, Nye Veier, and Bane NOR. However, it's important to understand that a large portion of the projects in this market is executed through design and build contracts, meaning that Multiconsult is working for the contractors. Having good and long-term relationships with the contractors is key to access this part of the market. The market is driven by the political ambitions and political priorities when it comes to the projects, and this political directions are given through the national investment plans. Sustainable developing or sustainable transportations transport solution is also driving the market, as well as the need for modernization of urban areas. Looking at the market outlook, we see a steady market. We foresee a flat investment plan level for the next couple of years. But it's a flat level on a good level for us, and it will result in significant investment in infrastructure projects, as well as projects related to sustainable urban development. Multiconsult state that we have a leading position in Norway within roads, rail, light rail design, and our position reflects the size of our company as the second largest in Norway. We have, we are a preferred partner for several of the major Norwegian contractors, and we state that we have a number one position in geotechnical design of infrastructure projects. Moving on to energy and industry. We see here that our traditional clients within oil and gas-related projects now also is becoming our biggest clients within renewable energy. And it's the electrification of the society that drives this market now. This generates an increased demand of renewable energy that puts pressure on our national grid. This has resulted in all-time high investment plans in the national grid going forward. In addition, private industry plants are transforming, moving away from fossil fuels towards the green shift through electrification projects. Important clients in this market is Statnett, Statkraft, Equinor, Aker, grid and power plant operators, as well as international investors in electrification and hydropower projects, especially for us in East Africa. Looking at the market outlook, we see a stable, growing market with high investments in the grid infrastructure. We also see an emerging market on a little longer term perspective within a new Norwegian offshore wind industry. We see a steady demand for services within development of new energy sources, such as green and blue hydrogen and ammonia, and also developing of technology related to carbon capture and storage. Multiconsult state that we have a leading position within development of the national grid. We also have a leading position within hydropower, as and international, especially in East Africa. And we state that we have a number one position within solar and smart grid, as well as within electrification and design of onshore energy plants. Finally, going into our business area, water and environment. This market is driven by the state, the county, and the municipalities' investment plans. Climate change and new EU and national regulations towards water supply and sewage treatment is driving the market. Also, we see that the large backlog in maintenance of existing infrastructure is creating a steady and increased demand for consulting and engineering services going forward. Nature and nature diversity is becoming increasingly more important for our clients. Our important clients here are counties and municipalities throughout the country, NVE, Kystverket, Statens vegvesen, and of course, also private contractors and property developers. Going into the market outlook, we see and we expect increased investment in water distribution and sewage treatment. We see a strong development within natural hazard and flood protection, and there is a high attention toward quick clay and landslides. Multiconsult state that we have a leading position within water and environmental services, and we have a number one position within marine environment and geotechnical investigation. We also have a number one position within authority planning and authority approvals. Bringing your attention to the picture, Multiconsult will in 2024 put our new environmental and geotechnical investigation boat in service. And we are the only company in Norway that provides this specific service to the market. In Multiconsult, all clients are equally important. But it's also important to understand that a few of our major clients generates almost half of our revenue. And then the remaining part of our revenue is generated by a large number of medium-sized and smaller projects. But our smaller projects are also important. It's often niche projects where we develop technology, new competence, and experience that will be critical for us to stay relevant in the market, also in a long-term perspective. So with this, sums up my presentation. Thank you for your attention, and I will invite Ove back on the stage. Thank you, Thor Ørjan. I think I will end this company. Then I will confirm our financial targets here, and start with the profitability target. You see here in the graph that after turnaround program, and next level in 2019, that we have performed as a company on a stable, high EBITDA the last four years. So this is around margin levels of 9%-10%. We confirm that also going forward, that the target is 10%, measured on an annual basis throughout the strategy period. This, in comparison with others, that we, in line with our goals, have also delivered performance that is among the top players in the industry since 2019. Revenue growth ambition, the combined aggregated growth rate has been 10% from 2010 and up till the last twelve months. We confirm also going forward that the growth ambition is between 8%-10%, including M&A, also in the strategy period. Gearing and equity. We see a normal gearing ratio between 1% to 2%, maximum 2.5%. This is measured as net, net interest-bearing debt, excluding IFRS 16, measured and divided on EBITDA. We may, in special circumstances, increase this to 3%, and that is, for instance, if there are M&A opportunities in the market. But also, the equity ratio should be about 25% to maintain our financial strength. M&A, moderate and selective, that is still what we are looking for, and primary focus on core business. Examples last period, Roar Jørgensen and A-lab. These are cash-generating opportunities, strengthen the company, and we create future growth and shareholder value. But we will also continuously monitor opportunities outside the scope, that may be within the digitalization, sustainability, and new business models. Then the last target, dividend and payout ratio. Since the listing in 2015, we have, as you see, been above 50% payout ratio in all years except one. And since 2019, we have been above 70%, and the dividend level has been between NOK 6 and NOK 9 per share the last three years. So based on this, we confirm our vision on dividend of at least 50% of the goal of net profit annually. And just to remind you, that this may vary based on market conditions, cash flow, financing opportunities, equity level, and of course, then M&A activities. So by that, I'll welcome Grethe back on the stand for some closing remarks and Q&A. Thank you, Ove. I'm just going to go back to this one that I started with, 'cause I think this sums up what we have achieved over the last four years. And it is the foundation of this that gives us the position to say that we are fit for the future, we are optimistic, we see there are a lot of opportunities, and we have a strength in the company, both with capability and the financial position. And just to remind you, this is the financial calendar for the next quarter then, is in February, and also then the financial year of 2024. And with that, we finish our presentation. Thank you for your attention, and we open up for questions. Hans- Erik Jacobsen, Nordea. You mentioned that the competition is increasing within our regions. Is that mainly related to buildings and properties, and are the increase in competition from existing competitors, or are you seeing new ones coming in? We're not seeing new ones coming in. The increased competition is because when housing goes down, there are other part, other competitors who have housing as a larger part of their business than we have, and then they will try and enter in to the segments that we are in. But we haven't seen many new players. Okay, thank you. That's okay. Okay, we got some questions from Bengt Jonassen, ABG Sundal Collier. It comes to the architecture and A-lab. It's A-lab. It suggests NOK 4.5 million net loss in the quarter. This compares to NOK 15 million-NOK 20 million on an annual profit. Are there any smaller one-off, or is there representative for running profitability adjusted for seasonality? It's representative, but just to remind you that we have a quarter now with lots of changes. As we commented that we have ramped down our Växjö in Sweden and the ramp up of Malmö, so that is a change going on there. And there's been one-time effects also in A-lab, with the reduction of employees and the costs related to that. So I would say that Q3 is not representative, but has some one-off effects that we don't expect all of this in Q4. Okay, he has four more questions. So, going over to the billing rate, rate for, ratio, I assume he means, but for architects, what happened here? Billing rate. Well, it's lots of effects actually in this. I would say that A-lab has a stronger billing ratio than. If the question was billing ratio, per se? It is billing ratio, which came from 68.4% last year to 70.1% this year. Yeah, yeah. So basically, it's opposite effect. So A-lab runs with a higher billing ratio than the LINK Arkitektur, so that is the positive effect. But you have the market situation in LINK Arkitektur, which has dragged this down. So actually, you have more effects on this. So it's not just one answer, but it's opposite effects in this. Okay, thank you. Order intake was NOK 375 million higher than the revenue, net revenue. Order backlog up only NOK 150 million quarter-over-quarter. What has been removed from the order backlog? I think there was some cancellations in LINK Arkitektur, if I remember the report correctly. So cancellation of project, and basically that's the difference in these numbers, per se. Updated the target, change on leverage ratio. Should what, how should we interpret that? Our understanding is that we- We haven't changed. -confirmed the leverage targets between 1% and 2%. I have to say that, for some years, we have been below that, but this quarter, now we are within the target, 1.1% in this quarter, so the target is between 2% and 2%. But to have said it means that we have investment capacity in this, we have within the over limits, now, close to NOK 700 million in unused capacity. Okay, thank you. Last one on market, or actually there is one more, but market. Some larger public projects has been postponed. Will this affect you directly? We are not involved with projects in Norway that has been postponed, and I would actually like to high point that part of the success that we see of the profits that we are creating is that we have been very good at and working very systematically when we go through the pipeline to make an estimate of which one we do believe will get investments and which one won't. But we have not been involved with that. But we are seeing some project takes longer to start, but they have not been canceled. Thank you. Last one, he has, a question regarding M&A going forward. Do you want to outline that a little bit more? The short answer is no, but I don't think you want that. I think we will continue with. You've seen the pattern that we have. We are vetting very carefully. We are looking at cultural match, and we are doing a good combination of organic growth and M&A. Okay, question from Sindre Sørbye. Are there any costs associated with the integration of A-lab that you may characterize as non-recurring? Not in this quarter. It's only cost related to operation in A-lab. And the difference between the currency is part of the purchase, and that is then part of the equity going into this quarter. Okay, then there's no more questions from the web. Is there any more questions here? No. We can- I think we then, we round up. Thank you all for having been here and thank you for all of you who are listening, and have a nice day. Thank you.