Welcome to Arise Q3 report 2023. For the first part of the conference call, the participants will be in listen-only mode. During the questions and answer session, participants are able to ask questions by dialing star five on their telephone keypad. Now, I will hand the conference over to CEO Per-Erik Eriksson and CFO Markus Larsson. Please go ahead. Thank you very much. Then let's start with slide number three, a short introduction of the company, Arise. Founded in 2007, listed on Nasdaq in 2010, and currently, we are 57 employees, including Pohjan Voima, which was an acquisition made in March, April this year. We have three business segments, so start with production, which you could say is the original Arise. We have some 139 MW on production, corresponding to some 340 GWh in annual production. The second segment is development business. We have currently a project pipeline of 6,800 MW, and we have divested since inception 1,450 MW. The third leg in the business segments is the services business, which we call solutions. Today, we have some 200 MW under management, and under construction, some 650 MW. We could also mention that we have close to take over Ranasjö-Salsjöhöjden, 242 MW, and the Lebö, which we build in own book, 33 MW. With that, I hand over to Markus. Thank you, Per-Erik. Yeah, happy to see another strong quarter in our review. The quarter year-on-year is quite tough comps due to the sale of Kölvallen the same period last year. We posted net sales for this quarter of SEK 96 million. EBITDA came in at SEK 59 million, EBIT at SEK 43 million. Profit after tax totaled a solid SEK 35 million, with a corresponding earnings per share of SEK 0.84. The operating cash flow was SEK -47 million, and that's due to the fact that we made a prepayment of SEK 140 million related to the turbine supply agreement for the Project Fasikan. And this amount has now been reimbursed in October 2023, so we will see the kind of corresponding working capital release in Q4. Investments amounted to SEK 183 million, and that's in all material aspects driven by Lebö, which is the project that Per-Erik mentioned. We also drew down new loans for Lebö project of SEK 149 million. I'll get back to the production in a bit, about 60 GWh compared to 52, an average income of SEK 718 per MW. We set the Skaftåsen now during the quarter at EUR 6.4 million, of which EUR 2.5 was recognized in Q3. Some announcements after the period, which you probably already have seen then, we sold Fasikan to SCA in October 2023, was a ready-to-build transaction structure, with a total purchase price of SEK 125 million. This includes an earn-out component, which is dependent then upon the actual construction cost, and how that relates to the budget. And you could say that the proportion of the earn-out is more or less in line with previous transactions. We also signed a partnership agreement with SCA, where we will cooperate, developing six identified land areas. Total potential is about 1,000 MW. We've included them as early-stage projects in our portfolio, which I'll get back to in a moment. Once these projects reach ready to build, we will have an ownership of 49%. So that's a partnership we're very happy about, of course. Yesterday, we announced that the board of directors have decided to repurchase own shares up to a maximum amount of SEK 100 million. Briefly, then, on our segment within development, I mentioned the Skaftåsen and revenue recognition, which positively affected the EBITDA during the quarter. We grew the portfolio, isolated during the quarter of 160 MW, which then is excluding the SCA partnership. So total pipeline now 6.8 GW. Within production, somewhat weak winds than normal, still higher than the same period last year. We realized the price, as I mentioned, of SEK 718 per MWh, which was well above market average and positively impacted by our hedges. We updated our impairment test now in Q3, our production assets, which indicated a value in use exceeding the carrying amount by some EUR 60 million. Also happy to see our solutions business contributing positively now in the quarter, and total assets under management there is 2,000 MW. We have a growing pipeline of 6,800 MW, which now also includes the SCA partnership, as I mentioned. There are no movements really in the late stage during the quarter, but we saw growth in early stage. Except for SCA, that growth is particularly within solar, and that also has naturally lower lead times than wind, for instance. All in all, very good progress in the portfolio at the moment. If we look at the market prices on the left-hand side, you could see that in Q3 2023, the average market price was north of SEK 400 per MWh. We have a realized price that for the second quarter in a row is well above the market price. Again, mentioning our hedges as a contributing factor. If we look at year- to- date, obviously, we're close to 900 in realized price, January to September. This obviously has a strong impact on our EBITDA in production. On the top right-hand side, we now can see that we have an LTM EBITDA of more than SEK 180 million, which we're happy and proud about, of course. In terms of hedging portfolio, during the quarter, we saw no movements or additions in the hedging portfolio. This is something that we continue to monitor and are prepared to act if we would see that the winter will have positive impact on the price levels. With that, I'll hand back over to you, Per-Erik. Thank you, Markus. I believe on slide number 9, we can see a brief summary on the market development in the Nordic power market. But on the left, we can see the forward curve calendar year 2024, and the forward market, as you can see, has been pricing lower, and the reason for that has mainly been driven by the fact that we have an extremely wet summer period, which will lead to a strong hydrological situation. Basically, a strong supply versus a low demand situation. On the other hand, we can still see quite high fuel prices in continental Europe, and it's a quite huge price differential between the Nordic area and the German price levels at the moment. Looking at spot prices, it's a bit the same story. We can see spot prices under pressure from a strong hydrology. We have seen during the quarter sometimes negative spot prices during the summer period. Demand is quite low still, and we also have seen, due to the high volatility in the market, that we had very low capture rates for wind power during August and September period. Looking into continental Europe, power prices still quite stable on a healthy supply situation. We are moving to the winter with high gas storage levels. Gas markets is very sensitive due to for potential supply disruptions, a very sensitive market. We also see low demand in continental Europe. Spot price is mostly around EUR 100 per MWh on working days. So, still quite high levels, looking in a historic perspective. But all in all, we have a very strong supply situation versus demand, but it's a really sensitive system. If you have a change of weather conditions, cold weather might change the situation rapidly. With that said, I think we flip slide to number 10. Our focus areas this year for the last quarter, we have a very strong focus to continue to grow the project portfolio in all our core markets, Sweden, U.K., and Finland, and that goes for all technologies, wind, solar, and battery storage. We have a target to reach credibility status for solar and battery projects in Sweden, and we are continuously evaluating acquisition opportunities. Of course, we have a strong focus also to manage the ongoing construction projects towards completions. As said earlier, we have two projects close to take over now with Ranasjö, Salsjöhöjden, and Lebö. I think we slip forward down to number 11. As already communicated in our Capital Markets Day and our financial targets, and our growth targets, meaning that we have a target to reach more than 10,000 MW by end of 2025 in the project portfolio. In short term, 2024-2025, we have a target to divest more than 400 MW in total, 2024-2025. In 2026 until 2028, we have a target to have a turnover of, in average, 500 MW per year during that period. We expect to have a continued good cash flow, EBITDA margin for our production, more than 60%. We will continue to be disciplined when it comes to capital and have an equity rate to about 30%. And we have an ambition to be a dividend case for the future, more than 20% of net profit for dividends every year. Some concluding remarks, as said earlier, we think we had a very strong quarter and a strong first nine months of the year. Strong contribution from our hedging activities. I think we have a record level, actually, in Q3, we had SEK 718 per MWh in Q3. And year- to- date, we have almost SEK 900 per MWh, which is a really good result. And I think also that our result underlines that we have a solid business model, combining own production and project development. And I think also that Skaftåsen and Fasikan projects highlights a successful development business. We just introduced buyback program, combined with the growth strategy, is we think is an evidence of strength in the company, and also that we have confidence in what we are doing. We have high expectations for this year. We expect that production will continue to deliver strong results. We continue to have a portfolio growth, and also to be mentioned that we are in process to commission Lebö during Q4, and we have a formal commercial takeover in Q1 2024. Then just chipping in on Lebö, noting a few questions in the chat function. The remaining CapEx in Lebö is, give or take, SEK 100 million, and the debt sizing, if we talk about the general rule of thumb at the moment of CapEx of EUR 1.2 million to 1.3 million per MW, I think that goes for Lebö as well, and we will utilize the full debt of roughly 60%. Speaking of the buyback program, Per-Erik, worth mentioning that this does not interfere with our growth ambitions in any way. And, you know, one should keep in mind that, even after the Capital Markets Day, we've received the full payment from the Skaftåsen now and so Fasikan. So, unchanged growth targets in that aspect. Okay, with that, I think, we'll leave the floor for questions, right? If you wish to ask a question, please dial star five on your telephone keypad to enter the queue. If you wish to withdraw your question, please dial star five again on your telephone keypad. There are no questions at this time, so I hand the conference back to the speakers for any closing comments. Yeah, I think let's address one of the questions in the chat then, which were quite a few. I think we've answered some of them. One of the questions is, "If we could shed some light on the timelines of Finnåberg, Tormsdale, and late stage projects in Finland? Yeah, I can take that one. Yeah, the fact that we have them as late-stage projects, it means that we expect to have them ready to build within two to three years. And I think, when it comes to Finnåberg and Tormsdale, that's realistic to believe. When it comes to Finland, we have a few projects there as well in the same stage, basically. So yes, we expect to have projects ready to build in that time period. Yeah, another question from Green Investment Partners about the current cash balance and how we see that in the next 12 months. Yeah, the cash balance was SEK 830 by Q3. And I wouldn't comment more about any kind of liquidity forecast for the next 12 months, but bearing in mind what you mentioned about at least the TSA prepayment which we'll receive in Q4, as well as the Fasikan transaction in Q4 as well. Let's see. Yeah, maybe, I don't know, Per-Erik if you would like to comment something about the collaboration with SCA q uestion is basically, is it as capitalized as it looks, or if there are any capital commitments? No, no, that, that's very capital light. It's only normal development costs, and a lot of that work will be done with in-house resources. It might be that we will use some consultants doing some inventories, et cetera, during initially, but those costs will be shared pro rata between the parties. So, it will be a very capital light process as to start with. Yeah. Yeah, with that, I think we're mostly through. Yeah, I think, if there are no more questions that we close the broadcast.