Good morning. My name is Nicolai Mørk, and I am the CEO of Spir Group. Today, I'm happy to present Spir's first quarter result together with our CFO, Camilla Aardal. After the presentation, we will answer any questions you may have, and please feel free to submit your questions with the Q&A function in the webcast player. We have a familiar agenda. In a few seconds, I will give you a bit more knowledge about Spir Group, who we are, and how we create value. I will also provide you with the operation highlights for the quarter, and then Camilla will give you all the details on the quarterly financial development. Spir is a technology company that based on unique data in a modern software platform with a deep domain expertise. We create value by creating seamless digital services, not only for the public sector, private businesses, and in citizens in isolation. We also help the three categories of users interact efficiently between them. Our business model is scalable and increasingly based on a software as a service model. Let me give you some more insight into our growth drivers on the next slide. The Spir Group delivers solid financial results in Q1. Our focus on delivering software as a service solution is very visible with 10% growth in Annual Recurring Revenue. Our Annual Recurring Revenue and stable profitability of 85% of the group's revenue is now recurring or recurring like. Growth is a particular driven by the public segment, which delivers core systems mainly driven by regulatory requirements for municipalities and public agencies. These are great customers, stable and predictable, the segment is well-protected against economic slowdown. The sales funnel works well. We won 60% of the public sector's tenders we participated in in Norway. Customers is a segment we have a high degree of satisfaction, demonstrated by only 1.4% annual churn. On the other hand, the very low volume of transactions in the real estate market, both in Norway and Sweden, curbed the growth, as we will get back to later. The outlook seems to have improved some in the second quarter. Our profitability is stable with an adjusted EBITDA margin of 15%. Post Q1, we landed an agreement to divest Metria Planning and Survey business area to Sweco for a price of SEK 50.5 million. This was strategically important for us as it shapes, sharpens our focus further on subscriptions-based software revenue and increased our profit margin. The planning and survey unit has a high personnel cost, low scalability, and has over time produced neutral or negative profitability, as described by the graph on the right-hand side. This means that the divestment also enable an improvement on EBITDA margin, and the Q1 2023 adjusted EBITDA margin of the remaining Metria business is 22%. The divestment also contributes to strengthening the Q2 balance sheet. Following the divestment of planning and surveying of Metria will be fully focused on geodata, property, and real estate data, software and services. Key customers are Swedish governmental agency, municipalities, bank institution, telcos, and energy companies. Spir Group has an active approach to M&A and a proven track record. Our latest step was the divestment of the Metria Planning and Surveying business and divestment of Prognosesenteret late last year. These transactions were financially attractive, not the least as strategically important as we thought, as we through this took further steps to begin a pure software house, rapidly moving more services towards a pure software as a service models. Recently, we also acquired a newly founded Norwegian AI company, AIoT, to further streamline the processes of collecting, compiling, and analyzing data in the public sector. In our history back to 2020, acquisition and consolidation have been a great driver for value creation. The acquisition in 2020 were small bolt-on acquisition, adding very important products and technology with great synergies. The acquisition of Ambita in 2021 and Metria in 2022 were transformational, as they gave us a leading position both in Norway and Sweden. We will continue to be active in M&A and consolidator of the market, seeking bolt-on acquisition in order to complete our portfolio with products, technology, and customer segments where there is synergy potential. There are many opportunities out there, but as always, we will be patient and prioritize capital discipline. The Nordic market is a perfect place to be for a company like the Spir Group. The market is highly attractive for a few reasons. Firstly, digitalization is a very high up on the agenda, both for the public sector and for the private enterprises. Secondly, private consumers have a very high expectation with regards to swift and easy digital processes when dealing with public and private entities, and they adopt digital processes swiftly. There is an even increasing demand for documentation and regulation, which increase the need for digital solutions, and this is a real sweet spot for Spir, developing solution that enables efficient way for our customers to meet increased regulations. Spir Group gained a strong footprint in the Swedish market through the acquisition of the Swedish software and geo-information company Metria in 2022. The integration of the Metria has proceeded well with a range of initiative to streamline the business, improve profitability, and extract synergies in the form of products, development, and cross-sales combinations with the Norwegian part of the Spir Group. Taking our synergies and improving sales processes will continue to be a top priority for Spir Group in 2023. This work has lately been identified with Eirik Pedersen, former sales director and member of the management team in Spir Group, starting in a new role of specializing in cross-sales between entities to capture synergies effects across the Spir Group. Following the sales of the planning and survey, Metria is now potentially similar as our Norwegian operation, and we have already joined forces in public tender since the acquisition. We do expect to see increased synergy effects going forward, bringing well-proven Metria products to the Norwegian market. Tying it all together, Spir Group delivers valuable added services to public sector, private businesses, and consumers through four business segments. All of them enjoy very strong and market-leading position. The public segment delivers public administration software in a highly regulated market. This is a unit with high degree of predictability, which is a high level of recurring revenue with municipalities and government agencies. The service with our private segment are invisible for a range of players in the real estate life cycle. These includes real estate agents, banks, and insurance companies as key examples. Metria is a leading force in the Swedish market when it comes to property and geodata, and is in many ways similar position to the Norwegian private segment. Deep domain expertise with the real estate, banking, and insurance is essential, and we see that each customer is increasing the number of services bought from Metria. Finally, in the consumer segment, we deliver property-related services for the consumer market, where the need for documentation is soaring. Most known is the Boligmappa platform, which can be compared to a car service booklet, only for people homes. For the time being, we are focusing on building a user base and content. Over time, we see great monetization potential for this platform. As you see, everything is connected. By delivering services with the mentality of sharing and making data flow with open APIs across all our solutions, we are an attractive supplier and partner. Let's move deeper into the quarter itself. We continue to execute on our strategy in the first quarter. Looking at the segments, public continue strongly with a 7% revenue growth and a solid margin. We continue with tender and moving customers into the cloud environment. The private segment saw a revenue decline by 2% impacted by a challenging real estate market. It is, however, important to note is that we maintain market shares and continue to drive the product innovation forward. The same type of dynamics were visible in Metria. The consumer segment is mainly focusing on driving traffic and engagement as well as product development. Nevertheless, it is good to see a 15% revenue growth and a positive EBITDA. Let's look at some of the highlights and from each of our four segment during the quarter. Tender activity has remained high in the beginning of 2023, and the win rate was 60% with the wins coming from winning public bids. At the end of Q1 2023, annual recurring revenue with the public segment was NOK 187 million, an increase of 18% compared to Q1 2022. The growth was created by increased sales to new customers and higher activity. In 2023 is an election year in Norway, and the public segment will be delivering hardware and scanning services for more than 100 Norwegian municipalities and counties in the election. The election project was being mobilized during Q1, although the revenue effect from this project will come at a later year, particularly in Q3. In the private sector, the revenue is correlated with the real estate market and hence impacted by seasonality and market fluctuation. Statistics from Real Estate Norway shows a decline of 5% in the number of property put up for sales during Q1 2023 compared to Q1 2022, negatively affecting the sales of Infoland Meglepakka. Q2 has started on a more positive note, with an increase in the number of property put up for sales in April 2023. Spir Group focused on developing new products and services to augment a strong position. During the first quarter, revenue grew with 21% for our digital deeds solution and 6% for the building application solution, Byggesøknaden. The improvement revenue mix is visible in an increase in profitability margin of one percentage point, a development we expect to continue as we deliver more of our own software solutions. During Q1 2023, Spir Group also signed a deal with several major banks in Norway, providing digital services that increase efficiency within the industry. The consumer segment increased revenue by 15% compared to the same period last year to NOK 11 million due to increased sales to new customers, where most sales are subscription revenue. The consumer segment is currently focusing on continuing the user growth initiative among private user, with a 13% increase in monthly active users in Q1 2023 compared to the same quarter last year. During the quarter, Boligmappa was integrated in Norsk Takst Surveying System, opening up Boligmappa to more than 1,000 surveyors in Norway. In addition, a new collaboration with the Norwegian Tax Administration, Skatteetaten, was established. The ambition is to make it easier for consumers to choose the best craftsmen and reduce labor crimes. We see an increased interest from insurance and banking institutions in using unique insight created through all the data Boligmappa contains to create new services in close cooperation with us. As previously mentioned, Metria's planning and surveying business unit has been divested to Sweco for a purchasing price of NOK 52 million Swedish kroner. Following the divestment of P&S, Metria will be fully focused on geodata, property, and real estate data, software, and services. Key customers are Swedish governmental agency, municipalities, finance institution, telcos, and energy companies. The planning and surveying unit has over time produced neutral or negatively profitability, meaning the divestment also enable an improved EBITDA margin. The Q1 2023 adjusted EBITDA margin of remaining Metria business is 22%. Metria has SEK 111 million in annual recurring revenue at the end of 2022, excluding the planning and survey business area. We will soon announce a new head of sales in Metria, and we believe this will be a vital step to create a more sales-oriented organization going forward. Let's now move over to the financial review, and for that, let me hand the floor over to our CFO, Camilla Aardal. Remember to continue posting questions to us using the Q&A function in the webcast player. Camilla, the floor is yours. Thank you, Nicolai Mørk. I will present the financial results for the company after yet another interesting quarter for the Spir Group. In pro forma terms, revenue was stable compared to Q1 last year and ended at NOK 262 million, excluding the divested business area, planning and surveying, from our reported figures. The public segment saw strong development in recurring revenues in line with the modernization of delivering software-as-a-service solutions to the public sector. The private and Metria segments are as mentioned by Nicolai, related to the development in the real estate and construction markets, which have been turbulent so far this year. In terms of profitability, the adjusted EBITDA margin for the Spir Group for the quarter was 17%, down from 18% in the same period last year. It is interesting to note that the divestment of the planning and surveying unit in Metria provides a margin uplift of 2 percentage points. Thus, we expect to see improved margins going forward. We are a software house moving towards the cloud and Software as a Service models. We're pleased to see that our ambitions are materializing in an increase in Annual Recurring Revenue of 10%. This is based on our ability to utilize unique data, create modern technology platforms, and leverage our deep domain expertise. Our Annual Recurring Revenue, which is measured in pure subscription-based Software as a Service revenue, is now at NOK 379 million. The total recurring or recurring like revenue is now 85% of our total group reported revenue. Our financial figures, both actuals and pro forma, have been updated to reflect the divestment of Prognosesenteret late last year, as well as the post Q1 divestment of planning and surveying in Metria. Revenues for Q1 were NOK 262 million, as mentioned, and were hampered by a challenging real estate market in Norway and Sweden. Public revenues grew by 7% in Q1, mainly driven by a steady growth in annual recurring revenues during the year. The consumer segment is performing well on all its KPIs, and revenues grew by 15% in Q1. As our financials indicate, Q1 2023 was stable in terms of margins compared to the same period last year. Public subscription revenues increased by 18% in the quarter. On the other hand, there was lower consulting activity in Q1. Costs from platform suppliers have increased. The quarter lands at stable adjusted EBITDA for public. However, we are taking actions on the cost side on increased cloud expenses that are expected to improve the margin going forward. The short-term goal is, as before, 30% adjusted EBITDA margin. The development in private, although not substantial, is interesting. Although revenues are down by NOK 3 million for the quarter, adjusted EBITDA is up by NOK 1 million. This is due to an increased sales of our own solutions that do not carry substantial costs while our high COGS transactional revenues were down. We hope to improve the revenue mix even further going forward. As Nicolai mentioned, we also have positive signals going into Q2, referring to an increase in real estate transactions in Norway. Our newest segment, Metria, shows great promise. Also there we have the same development as for private. Transactional revenues are down, but we're able to sustain profitability by the sale of other high-margin solutions. We're looking forward to maximizing the potential synergy effects going forward and expect to see better margins after the planning and surveying divestment. Let's dive more into detail in the four key segments of Spir Group. Starting with the public segment, our strategy has always been clear, and we're pleased that the transformation to cloud solutions continues to materialize into higher Annual Recurring Revenues. Annual Recurring Revenue is at NOK 187 million at the end of the first quarter, and revenue for the quarter grew 7% from Q1 2022. This is driven by a high win rate, which was 60% so far this year, and our ability to implement new agreements. The private segment, as mentioned, saw revenues decline by 2% in the quarter. The real estate market has been challenging in the quarter with a 5% decrease in the number of properties put up for sale. March was especially turbulent with a 16% reduction of properties put up for sale, impacting the whole quarter as our services are ordered in advance of properties being put up for sale. Developing new services and increasing our product footprint towards our customers is an important strategic priority for the private segment. As a result, we're happy to see that nine out of ten customers have increased their use of our services during the past 12-month period, contributing to the dampening of the transactional impact of the market that I just described. The EBITDA margin development is mainly a result of the product mix, as other costs have remained quite stable. Although there have been some increases in travel sales and marketing costs in 2023, which were very low during COVID in 2020- 2022. Going forward, we will continue to invest in other services that we expect will improve the overall profitability. The consumer segment is showing growth through a strong increase in new subscriptions. Annual Recurring Revenue has grown by 19% from Q1 2022 and is now at NOK 41 million. Revenues all in all for the quarter increased by 15% year-over-year. The revenue growth was primarily driven by several new customer deals and successful growth initiatives. In the Metria segment, revenues were negatively affected by the slow real estate market in Sweden, which impacts Metria's sale of information related to real estate transactions in a slightly different way than for the private segment in Norway. Metria's sale of real estate information is based on properties sold or renegotiated loans. The Annual Recurring Revenue for Metria is SEK 111 million, excluding the planning and surveying business area, which was sold, as Nicolai mentioned, for SEK 52.5 million after the quarter end. As previously communicated, it is our ambition to improve Metria's financial results going forward, and we believe that we will be able to translate synergies and opportunities into steady above 20% EBITDA margins over time, as we have communicated earlier. As mentioned, the planning and surveying unit has, over time, produced neutral or negative profitability, meaning the divestment also enables an improvement on EBITDA margin. On the Q1 2023 adjusted EBITDA margin of remaining Metria business is at 22%. Moving on from our four segments, we also want to highlight our income statement presented as actuals. The Spir Group saw revenue increase in Q1 by 40%, driven by the acquisition of Metria in April last year. Personnel expenses increased accordingly, as the Spir Group has around 479 employees as of quarter end, 250 of them joining from the Metria acquisition. That is of course, figures before the divestment of planning and surveying. We capitalized development costs for the quarter of NOK 24 million. Depreciation and amortization expenses have increased due to the increased amortization of intangible assets from acquired businesses. The increase in financial expenses is mainly explained by the increase in borrowings due to acquisitions and some minor increase in the interest expense on lease liabilities. As a portion of debt has now been reduced, financial expenses are expected to be lower going forward. As illustrated, our cash flow is impacted by seasonal fluctuations, and Q1 is a strong quarter in terms of cash flow in the public segment as they invoice a large part of their customers on a yearly basis in January. In line with this, we generated NOK 145 million in operating cash flow in Q1, translating into NOK 113 million of free cash flow when deducting CapEx and lease payments. The Spir Group's cash balance was NOK 159 million at the end of the first quarter. On to our financial position. Assets consist to a large degree of intangible assets, where NOK 1.035 billion is goodwill, and the remainder is capitalized development, customer contracts, and trademarks. Intangible assets have increased the last 12 months, mainly due to the acquisition of Metria. Equity is slightly above NOK 1 billion, leading to an equity ratio of 46%. During the quarter, borrowings were reduced by NOK 30 million, and net interest-bearing debt is now NOK 603 million, including lease liabilities of NOK 33 million. The seller's credit owed to Spir Group after the divestment of Prognosesenteret of NOK 37.5 million due to be paid back in late 2024 has been repaid in Q1, one and a half year earlier than originally agreed with the buyers. Nicolai, would you like to summarize the quarter and make some remarks about what we can expect going forward? Thank you very much, Camilla. A quick summary in the Q1, we saw a challenging market continued within real estate and construction, hampering growth in private and Metria. However, there have been a steady growth in subscription revenue in the public and consumer segment, having a positive impact, as well as some improvement in the revenue mix. Divestment of the planning and survey business in Metria enable further focus on software as a service solution, strengthen financial position further with a positive cash flow, and reducing of net interest-bearing debt. Looking ahead, developing on software solution is a long game, and first of all, we are very, very well positioned with a market-leading position in attractive niches. A very large part of our revenue is recurring, 85%, which provides stability as well. We do expect continued volatility in markets and is our real estate transaction volume-related business that is most exposed. However, we do see an increase in the number of property put up for sales in April this year compared to the same month last year, a good start for Q2 2023. We are set for a very exciting and positive period with the following key focal points. Reinforcing the sales organization across the group with Eirik Pedersen starting a specialized cross-sales function. Realizing synergies based on confirmed cases. Improving margin and realizing scale effects. Finally, the most important thing we do is investment in more software as a service solution, creating seamless digital services to enable powerful insight and easy interaction between people, the private and public sector. For Spir Group, this will translate into higher Annual Recurring Revenue and improving margins in the short and long term. That is the end of our presentation. We will now pause for just a few seconds before we are back and ready to answer your questions. Thank you. Welcome back. Thank you for following Spir Group's Q1 presentation. As many of you have seen, we have also announced a CEO transition in Spir Group this morning. Please let me introduce our Chairperson, Rolv Erik Ryssdal, who will provide some background for this transition and present the new CEO. He will stay on for the Q&A session, so please continue to submit questions in the webcast player also for Rolv Erik. Please, Rolv Erik, the floor is yours. Thank you very much. Thank you very much, Nicolai. Well, you saw this morning that there were two press releases going out. One about the quarterly result and the other about the new CEO appointment, where we have appointed Per Haakon Lomsdalen to succeed Nicolai after the summer. Now let me get back to that in a minute. First, what I want to underline is that Spir Group is in a very strong position and our main strategy remains the same. Some headlines here is that we're very happy with the position we're in, where Nicolai and the team has built the company into leading Scandinavian software house. We're happy with the positioning of all of our four main segments that Camilla and Nicolai just talked through. We do have high ambitions for further growth, supported by targeted M&A in the Nordic sector. We also believe that we can do more in terms of synergies on cost, not least on revenue synergies. We will continue in this company to develop and build a strong sales culture. I think there Per Hakon's experience will be very suitable for that. As we have told you previously, as we're proving, we see that there's potential to improve the margins over time, and we see more scaling effects in our businesses. Overall, Sikre is in a very strong position for further growth. Here I would like to thank Nicolai, because Nicolai and the team has built this company from being just a department in the Tietoevry Group through an IPO, later through up listing to the main list on the stock exchange to main acquisitions followed by some restructuring. That's why Nicolai Mørk himself has been crucial in this role. The board is very happy with that. Nicolai Mørk is handing over the baton to a new leader, Per Haakon Lomsdalen. We believe that Per Haakon Lomsdalen is very well suited to take the company into the next phase. He has a broad experience in the IT sector as a manager in various company for the last 20 years or so. He's been in IBM. He's built up SAP in Norway, and now more lately has been building up sales force in Norway. He has various leadership positions internationally in these organizations and has a strong track record. Known for building a strong sales competence, the collaborative growth organizations. That's why we're Nicolai will continue in the position until Per Haakon comes in, and that will most likely happen after the summer, during the month of August. I think I'll leave it there for this part of the presentation, but I'll be around and be happy to answer any questions you might have. I'd like to hand it over back to Camilla and Nicolai for the Q&A session. Thank you so much, Rolv Erik. We have received some questions- Yeah. During our presentation this morning, I will start with a question to you, Rolf Erik. Mm-hmm. About this organizational change, what are your expectations? What do you hope the new CEO will add to the Spir Group? Well, I, as I said, I'm very happy about the job that has been done by Nicolai and the team to bring the company this far. I think Per Haakon, with his competences and experiences from working internationally and working across the Nordic sector, I think he can help us boost that growth and also the collaboration between the different units in different countries. Very good. Exciting. We have both some more business-like questions and some financial questions. I was thinking, Nicolai, one thing that everyone is very interested in is, you know, what concrete products we see in the CKD Group that have the potential for these cross-sale synergies that we are talking about. We have spoken before about the Elements, the case management system and introducing that to the Swedish market. That is, of course, one of the products. What we also see is that there is several Swedish products, the products from the Metria organization that we believe could, and we're already see has a strong position. One of them is in the Norwegian market as well. One of those product is Metria. As you probably all know, there is going to be huge build-out when it comes to the power grid in both Norway and Sweden. Some people told me that the number of wires that is going to be produced now for the next 10 years is the same amount of meters of electric cords that I have spent almost 100 years to produce. One of our products, also Metria, is going to help the whole planning process of rolling out more electric cables and solve the problems with the different regions in both Norway and Sweden. That's one of the products I'm very excited to see reintroduced to the Norwegian market, and that's a job we of course already have started. Mm-hmm. Very good. We also have some questions purely on the financial side. Mm-hmm. One question is about our capitalized development costs, that the fact that they are up from Q4 to explain why and what we should expect going forward. We've always said that our capitalized development costs will be somewhere in the range of 8%-10% of revenue, kind of depending on which area and what we're investing in, of course. Now, our CapEx was about NOK 24 million for Q1 against NOK 19 million last year, so that is an increase. That was, of course, Q4. Yeah. Yeah. Yeah. The question against Q4 also has something to do with seasonality. Yeah. Q1 is a quarter with a lot of activity. Mm-hmm. no vacation time, so a lot of work being done. We are investing in exciting products. Mm. We have a lot new, a lot of new things coming up, and we also are working on some of our internal systems. Mm. as our financial systems as we grow, et cetera. Mm. I think the level of 8%-10% is still in the range of where we're going to be going forward. Good. Also been talking a little bit about the debt. This has been something that's been a hot topic for the last few quarters, which we've worked very structurally on during H2. Wondering a little bit about now that we're getting in some cash from these divestments that we've been doing, we also had some extra cash come in from the Brunåsen Center this first quarter that we weren't expecting early, and what we're thinking around our capital structure and debt repayment going forward. My answer to that would be we have no concrete plans right now. We're very satisfied with our capital structure. We feel that our debt is at a very healthy level that we can maintain, and now we have some flexibility. We can talk about going forward, what we could be able to invest in. Maybe some M&A opportunities will be a little easier to finance on at least a bolt-on smaller scale. The debt has been reduced during this quarter. Yeah. Right. The debt has been reduced during this quarter, and our net interest-bearing debt is down by NOK 150 million from Q4 due to debt reduction and a higher cash inflow. Right. Mm-hmm. Good. Yes. There's another question about the IoT platform that we bought a few days ago. Yeah. The question is why did we buy that? I think it is important to remember that, looking at all the different types of services that we are providing to the market towards the private sector and the public sector, everything in a way is based on data. Our ability to retain or gather data, stock it, put them together with other types of data, and then putting it into a software as a service, is the way we are working and has been working for the last three, four years. From my point of view, this is one of the successes that we have managed to create in the last few years, especially looking at our Annual Recurring Revenue that is almost now NOK 400 million. By retrieving our IoT company, this is just another very, very important source. This is an IoT platform that's especially towards technical organization in municipalities where you know that the changes in the environment and also the climate changes, it's very, very important to have all that information to take the correct data-driven decision based on that information. That's one of the reasons why we retrieve that IoT platform a few days ago. Yep. Mm-hmm. I would like to also finally comment a question on the growth within the public segment. Mm. which we follow very closely and we've talked a lot about because that's the segment we followed from the start. The growth, being 7% in Q1, whether, you know, what are the expectations going forward? I think it's important to understand that in the shift towards cloud, I don't know if you want to comment on that, Nicolai. No, I can say a little bit about it. It's, we established the CKD organization. We did structural changes on how we were delivering our services to the market. We started with the main solution where on-prem solutions delivered to the public sector. Because of the introduction of a cloud pod in Norway, we were able to deliver our services to the public sector based on that pod placed in Norway. One thing is that we are managing to have the DevOps strategy towards our clients with faster releases, et cetera, et cetera. It also puts less demands on having actual technical consultings out there helping our clients, because we can do this remote. We also see an increase in Annual Recurring Revenue, and as you said, it was an 80% increase from Q1 2022. I'm very pleased with those numbers. We also see a change of the need for specific types of consultancies, and that's maybe some of the reasons why you see a small dip in the revenue in Q1 for the public segment. I think that back to the Annual Recurring Revenue, the most important part in things we have done and our whole strategy has to be looking at how we can build long-term agreements with stable clients as public sector is. That's the communicated strategy we've had the whole time, to grow our SaaS revenue. I think it's the fourth or fifth quarter in a row where we're showing 14%-18% growth within the Annual Recurring Revenue for public. Of course, we're happy with that. That's the strategy, and this is what we deliver on. Good. Yep. One last question, looking a little bit forward, and I'm not sure who wants to answer this. We, of course, talk about synergies and the synergy potential being definitely significant. Yeah. What the revenue synergies between Norway and Sweden are in the products you commented, but, like, what kind of time horizon when we should expect to see any significant impact? Mm-hmm. on the revenue side? The question is, of course, what is significant impact? We do already see that the cooperation with our Swedish colleagues is moving forward. I think that remembering that our almost 50% of our revenue is towards public sector, and all those, all that revenue is based on public tenders, and it takes time. I think that the footwork we're doing now, positioning ourself in the Swedish market, also taking the Method product into the Norwegian market, will gain traction bit by bit. There's no magic cure when delivering services to public sector. When we win them, we hopefully have them for many, many years. That is also shown, like, we only have 1.4% churn in delivering services to public sector. I think it is important to remember that. Again, I do believe that we will see some traction already in 2023. At least we will try to communicate it and show how this works. Mm-hmm. We are investing in the sales organizations also on both sides. Yeah. Yeah. Being now the Method organization on sales is going through some changes. Yeah. Will be a new sales director stepping on board there. Eirik Pedersen is taking, as you mentioned in the presentation. Yep. a cross-border sales role. We are rigging ourselves to be able to extract those revenues over time. Yeah. Good point. I think that concludes the- Yeah. the Q&A. All right. Thank you very much. Thank you. Thank you for joining us. Thank you for joining. Bye.