Thank you very much, and hello, everybody. I'm very happy, for many reasons, to welcome you to this call today on the second quarter report from Atlas Copco. The report has been out for a while, I'm sure you've had the time to read it already. We will go straight into the comments from our CEO, Mats Rahmström, and then after that, we will go into the Q&A session, and I will come back to that after Mats' starting comments. Over to you, Mats. Thank you so much. We will start with slide 2, Q2 in brief, trying to summarize the quarter for you. As you can see, record order intake, it was SEK 32.5 billion for the quarter. The year-over-year is up 54%. It might not be so relevant, sequentially, also an improvement on 6%. We also benchmarked with 2019, which was our best year in the past, and then we were up 28%. It's an all-time high on orders for not only in Vacuum, but also in Compressor Technique and Industrial Technique, and it's spread out through all our regions. A very positive trend there. You can also see sequentially, that was order growth for all our business areas. Record revenues. We, like many others, have huge challenges when it comes to sourcing of components. There's a scarcity of components. I think and do believe that we handled the situation quite well, and to confirm that we also had the record on SEK 27.5 billion there as well. Quite proud of the team that is helping us in manufacturing, logistics, and purchase. The margin, reported margin 21.5%, and adjusted for the revaluation of the Long-Term Incentive, 21.9%. Go to slide number 3. This just confirms the numbers. It's quite an impressive graph. We came in above our own expectations. This time, the driver was not only in Semi, very strong Semi, but we could see many of the general industry segments being very strong, that helped us sequentially to improve from Q1 to Q2. On the bottom there, return on capital employed stayed at 26%, supported by volume. Of course, it's diluted by the intangibles from Isra, Perceptron, and some of the CT distributors. Pleased about that as well. Again, go to the geographical picture on slide 4. In the third box, you had the growth rates the last 3 months, comparing them with the COVID year. Instead, I looked at the sequential improvement, and then we have double-digit growth and strongest growth in North America. It was also double-digit in Latin America, and then seeing a digit growth in Europe. Spread throughout, and I'm pleased to see with the 41% in Asia, which means that we are competitive in one of the most important regions. Yeah, this confirms the 54% on slide 5. As I said, sequentially up 6% and versus 2019, 28%. It's clearly a strong performance from the group. If you look at the sales bridge, the structural changes +3, it relates to the ISRA, Perceptron, and CT distributors. You can still see that we have headwind when it comes to currency. This is mainly related to the U.S. dollar. Slide 7. Impressive growth numbers. Of course, gaining in the group is the most profitable part with the Vacuum Technique. Pleased to see such a strong Compressor Technique and Vacuum Technique. Now we also see strong growth rates on Power and Industrial. We are at slide 8. Compressor Technique, they did record on order levels, SEK 14 billion. Strong development both for industrial compressors, small and large. We could see also strong service and also sequential increases in most of the areas. Revenues at 14% organically, SEK 12 billion also strong from them, and a very strong margin at 23.9%, supported by volume, slightly negative on the currency. Of course, very strong return on capital employed at 91%. I also wanted to highlight this product, another product with extremely good energy efficiency. This is really in line with the sustainability targets that we have to help our customers to continuously improve their performance and help with the CO2 level. It will be interesting to follow this new product as well. Vacuum, they had actually 3 records. They had both orders received, orders invoiced, and operating profit. Record orders. Maybe this is why I said that they didn't expect from the fantastically strong Q1 to have another quarter this strong. They really went for it and took a lot of orders for the customer. Here, we would expect orders to be placed early to us and making sure that they get part of the capacity and line up for deliveries. Record revenues and a very healthy operating profit level at 24.8%. Go to Industrial Technique. Record orders, I think automotive stood out, very strong in North America. We can also see a strong development in general segment, which was very good, and also continued strong growth for service. Industrial Technique with an operating margin back above than 20%. This, of course, includes then the intangibles for the ISRA acquisition, and I think they were at 23%, if we took that away, if I recall it correctly. This time I'd like to promote a little bit the ISRA product. Very interesting segment to be in. Power Technique, also strong, as you can see from the graph, SEK 3.9 billion. Happy to see that utilization, especially to rental, is going up. It was good performance from all the different product segments, happy to see the margin at 16%, supported by volume, and slightly negative on currency. Here we have another product that is supporting the sustainability journey. Energy storage normally goes hand in hand with generators to help our customer to reduce cost and improve sustainability. On slide number 12, you can see the profit and loss. I just wanted to highlight that we now help you out with the EBITA, which is the operating profit, excluding amortization of intangibles related to acquisitions. You get both these numbers. Hans Ola. Thank you, Mats. We continue below the operating profit, you can see not much to comment on the financial items, but perhaps more on the tax expense, which looks to decrease quite a lot compared to last year. It's actually last year that included a couple of positive one-times of releasing a few provisions, which you can also find in the report, also commented last year. I think the 22% level is fairly representative of where we are and should be at this point in time. You can see the increase on net profit and consequently also basic earnings per share, and the return on capital employed has started to improve a little bit after the drop-down to 23%, which was caused by the, let's say, immediate effect of the relatively large acquisitions last year. I think if we move on to the next, we have the profit bridge. As you can see, moving from, of course, a low 16% last year. We got a little bit of help, of course, from not having the restructuring costs of last year and also slightly less negative LTI program effect of the valuations. The acquisitions contribute, but of course, it dilutes somewhat the margin. Does, of course, currency as well, as you can appreciate there. Whereas the residual, which is really the organic development, if I call it like that, volume, price, mix, and other, is contributing with a flow-through of 44%, which, for those of you that have followed us for a long time know, is a very high number. It's not the one that we expect to be repeated over a sequence of quarters, but it can certainly happen when we have a tailwind of demand like we have had right now. On the negative impact on currency, we had SEK 715 in absolute value compared to the situation in Q2 2020. For next quarter, we believe still that it will be a negative comparison, but clearly less than this quarter. That's what we expect for Q3. If we move on to the business areas, you just get a little bit more details here of the same things, basically, that I commented on the group total. All of the business areas, which is very rewarding, have a nice strong profit impact from the volume price and mix. By the way, I think the price increase is bordering between 0.5% to 1% positive in that bracket somewhat, which we think is a reasonable level given the type of business model that we have. Just to repeat a little bit what Mats touched upon, if you look at the Industrial Technique, if we would take away all the impact of the recently acquired, we would be back at around 23% operating profit level, which I think just shows that it has gone pretty quick for the business to recover after the heavy drop of the COVID, and that was related to Industrial Technique, just to point that out. Rest of the comments, I think Mats already gave. We move on to the balance sheet, where not a lot to specifically focus on. What we have in the equity this period is that a reduction of the full dividend, which equates to about SEK 8.8 billion, but only half of that has been paid in May, and the other half, about SEK 4.4 billion, will be paid late October. That is now booked as part of the liabilities in the group, just to see how you can reconcile the movement of the equity a little bit better there. All of that that we have talked about and then sums up in the next slide in terms of cash generation. You can see that it improved in the quarter compared to the same quarter last year, in spite of the volume growth that normally ties up more working capital. On the other hand, that which it didn't, thanks to a lot of invoicing, of course, but also perhaps to the point that we have both equipment standing in the inventory that could have been delivered if we would have had all the components, but partly also perhaps a little bit lower than expected due to the same fact, really, that we haven't been able to bring in as much components that we would have liked to keep the production even higher or to increase the production even more. I'm related to the comments of Mats Rahmström on the supply chain. Taxes paid in the quarter stands out a bit, and it is pretty high for a single quarter, but there is nothing very specific in it. It's a combination of what happened last year to a certain extent, that some taxes were allowed to be delayed in terms of payment in many countries due to the COVID situation and the uncertainty. That, of course, is not repeated this year, so that's why it's higher. The rest is normal variations on when preliminary taxes are paid in certain countries vis-à-vis others. All in all, a good solid cash flow again with that at SEK 3.7 billion. With that, I give the word back to you, Mats. Thank you, Hans Ola. On the near-term outlook, we are trying to guide on the activity level we see among our key customers from Q2 to Q3. We say that we see them remain high at the current level, and it is rather high for us. What we have seen in Q2 is a strong semi, improved general industry for many of our segments, and improved service. I think the trends are positive. We still have to have in mind that semis and auto could be seen as key accounts, but positive trends. Of the negatives, although the societies are open up, we can also see warning signs regarding the coronavirus on the Delta, although our operations are up and running today. The other thing is, of course, if we see the shortage in the supply chains, if that would stop our customers from operating. Overall, we see a positive market with a high activity level when we start the Q3. Very good. Thanks a lot. And- Oh before the Q&A, we have a new picture for you, Hans Ola, that you haven't seen in the deck yet. Wow. It's almost a legacy coming to an end today with Hans Ola's last quarter report. Retiring after 35 years in the group, 22 years as the CFO, and 112 quarterly reports. That must be some sort of a record. I'd like to thank you, Hans Ola, for your guidance, your support during my time and when we worked together, and for being a fantastic and appreciated colleague. You know that I always challenge you on the golf course whenever you want. At the same time, Peter is in the room and is also in the picture. You can see they dress exactly the same. You will get to know Peter more when we have the Q3 report. Welcome, Peter, as well. Now I think we're ready for Q&A. Okay. Well, let me first thank you so much, Mats, for those kind words, and thank everybody on the call for challenging us so well during many, many years. With that, we move over to your Q&A session then. I'd like the operator please, if you can repeat the process for the questions, please. Absolutely. Thank you, ladies and gentlemen. If you do wish to ask a question, press 01 on your telephone keypad now. That is 01 to register for a question. I have a question from the line of Guillermo Peigneux-Lojo from UBS. Please go ahead. Good afternoon, Guillermo Peigneux-Lojo from UBS. I want to thank also Hans Ola Meyer for all these years and, to be honest, all the things that I've learned. It's sad to see you leave, and also very happy to share with you all these years that I share with you. I have two questions, one and a follow-up. Well, I think I will disappoint you, Guillermo, this time. Okay. I have strict orders only to accept one question at a time. Okay. Let's go. Tough until the end. The question is, obviously, when it comes to the second part of the year, I guess your operating leverage this quarter was good and according to, or even exceeding your expectations. I wonder whether the dynamics that you're seeing in component pricing on your assembly process, on your working capital will highlight that maybe actually going into the second half of this year, the operating leverage that we could assume might be somewhat more modest. That is my question. I'm very sorry, Guillermo. There was some confusion here. Could you repeat, please, the question? Yeah. Towards the second half of this year, the operating leverage that you got obviously during the first half was very good. In the second quarter and the first half was very good, and it was exceeding your expectations. I wonder whether the dynamics on raw materials, component pricing, working capital terms we could assume that the second half could be a bit more modest from an operating leverage perspective. Yeah. Sorry for not catching that the first time. Sorry, Guillermo. No, I think as I indicated already before, this is an extremely high level. With the type of business model that we have, we're not expecting to see that when, let's say, the revenue growth is more moderate, so to speak. Of course, with this order intake, we expect indeed to have a good trajectory for revenues for some time, of course, because certainly we want to deliver the goods that we have orders for. I think one should be careful to project the same type of flow-through. Your statement, if I understood you right, is that we probably should not expect the same. I would agree with that. We're in the beginning of a recovery phase still. We know from investments that are granted, investments that are coming on stream as we speak. We know from recruitments, we know from a number of these things that we are adding some cost. It's not a problem, of course, because we have the strong growth in the business. Indeed, it can have a certain moderating effect on the flow-through, yes. Thank you. Thank you. Our next question comes from the line of Daniela Costa from Goldman Sachs. Please go ahead. Hi, good afternoon. Thanks for taking my question and extending the wishes of a happy retirement to Hans Ola as well. My question is regarding understanding a bit better the profile of orders delivery in the vacuum technology business going forward. How shall we think about the orders that you have at hand now? Are they mainly for delivery this year? Sort of like will they impact organic sales growth next year as well? Can you just give us a little bit about how you're seeing order to sales development? As I said briefly on the VT part, I think customers are aware that there is a shortage of capacity in the industry, considering the huge demand for semiconductors in many different segments of the market. I'm sure that we have some pre-orders, so some of the orders are booked with the delivery time. I would say the majority is expected to push out as much as we can this year. It's not like it's scheduled for mid next year or anything like that, but a normal delivery time or that they place the order for delivery as soon as possible. Yeah, maybe can I clarify just if I understood? When we look at 40% growth rate year to date on the order side, we shouldn't extrapolating towards next year revenue growth. I think you should take Matt's question as well, there is some pre-ordering, meaning that we don't know whether that will actually be deliveries exactly by the end of the year or even spill over something. We're talking about the majority being something that we see projects and where we definitely do everything we can in order to respond in terms of deliveries. To your point, it's an extraordinary increase that we have seen. To expect that everything can be, from a capacity point of view even, be coped with inside the next two quarters is perhaps too optimistic, yes. Got it. Thank you. Thanks. Our next question comes from the line of Matt Yates from Credit Suisse. Please go ahead. Thank you very much. I just want to ask about geographic trends in Compressor Technique. I know you don't talk about trends through the quarter. I just wanted to understand if you could give us a little bit of color around what you're seeing in Europe, North America and China. Maybe not necessarily how that developed through the quarter, but are you seeing very different trends through those three regions? A bit of color there would be helpful. The comments that are in the report is basically as much as we can say, to your point, it's not about whether April was super strong or June was strong or anything like that. The strong take on the quarter in general is the impressive growth in both North America and Asia of the industrial, and pretty diversely exposed divisions, if we call it like that. I'm referring to all three business areas, at least Compressor Technique and Vacuum Technique, but also Industrial Technique that address, let's say, manufacturing segments primarily. It's really not, as Mats have already pointed out, it's not only about semiconductor making the big numbers this time. It's much more spread than that. Is it fair to assume that all regions in compressors are above their pre-pandemic levels? Because obviously we can see compressors as a whole, but is it fair to assume that's true of all the regions, or is it mainly driven by one, if we compare to 2019? It's pretty well spread, I would say, but as I alluded to, that perhaps North America and Asia stands out a little bit more than the others. I don't have exactly in my head whether it's a record level on all regions, unfortunately, but it's high levels in those 2 at least, and record levels. Okay. Thank you very much. Thank you. Our next question comes from the line of Andrew Wilson from J.P. Morgan. Please go ahead. Hi. Good afternoon, everyone. Thanks for taking my question. I wanted to touch up on Compressor. There is an interesting phrase you used in the report this time, which I do not recall seeing, at least recently, in terms of the increased market penetration, which obviously has contributed to some of the growth. I just wondered if that was, or if you could elaborate a little bit on exactly. I mean, clearly that would point to further market share gains, but just given that you have specifically highlighted that, I would be interested if there is anything that is particularly either changing in the market or that you would like to emphasize in, I guess, how you are winning those market share gains. Thanks. Yeah. That's correct, and I think there is a couple of segments where we have invested over the last few years, slightly more, and one of them being in scarcity of fresh water, so it's low-pressure machines. Where we do believe that we gain market shares, and you could see that we introduce even more product in this segment. That's something that we are proud of and that increased the penetration of that market. Same thing for high pressure, where we also invested a bit more in the product portfolio. I can also see that medical has been performing very well, not only linked to the COVID situation. There's a couple of segments in the market and on-site gases, oxygen and nitrogen generation on-site is another segment. There you have four areas where we think that we are gaining penetration in the market and upgrading equipment to something that is much more efficient than the present equipment. Thank you. That is very helpful and all the best to Hans Ola going forward. Thanks. Thank you very much. Thank you. Our next question comes from the line of Maddy Singh from Bank of America. Please go ahead. Yes. Hi, thanks for taking my question, and before I ask my question, again all the best and wishes to Hans Ola for his retirement. In terms of question, the order growth which you have reported across the board looks very strong. Just wondering whether there have been areas where you actually have seen any growth rate peaking or any slowdown per se, or any regional slowdown as well, if you have noticed, especially coming from, let's say, China, where the second quarter had already seen recovery from last year. If you could talk about some of those things. Thank you. If you look at our key markets, the power hubs of the world throughout the quarter being Asia, North America and Europe, we see strong sequential growth. The only region where we had a slight negative was Africa, which is a very small region for us. Otherwise, we have seen a very strong demand throughout many geographical areas. To conclude, as you alluded to China and the already good comparison levels last year compared to the other regions due to recovery from COVID. No, we didn't see any different relative growth rates or anything there. It's exactly what Mats pointed out. This is a, I would say, a positive surprise because, given kind of some logistical challenges, plus shortage of chips, semiconductors, those concerns. Despite these issues, you have been able to see strong sequential growth. Is that a fair conclusion that these issues like chip shortages and logistical issues didn't really have any impact on your performance? No, it do have an impact on our performance as well. As long as we are better than competition, probably it's likely that they place the order with us. Remember then, going into the COVID situation almost 2 years ago, we kept investing in R&D and our portfolio. We kept investing in competence, we kept investing in digitalization. This was the reason to see if we can gain market share when the market is coming back. We started to talk about supply chain mid-last year that we see that, okay, what can we do? How can we be ahead of the game? It's not scientific, hopefully those are the things, initiatives that put us in a better position right now. Hopefully we are gaining some market shares in many different markets. In one way that Mats already commented upon it of course have impacted also us in the sense that without them, we could possibly have had a little bit even higher deliveries already. Yeah. When it comes to orders, it's exactly what Mats commented on. Great. Thank you very much. Thank you. Our next question comes from the line of Klas Bergelind from Citi. Please go ahead. Thank you. Hi, Mats and Hans Ola. It's Claes from Citi. My one question is on semis and flat panel. It's flat quarter-on-quarter, and still a very good level, of course, but the reason for the very strong growth quarter-on-quarter in VT was obviously growth outside of semis. Have you seen, Mats, any difference between semis and flat panel towards the end of the quarter? I'm interested to hear if flat panel weakened at all. There is probably some give back of the pre-order in the first quarter, but interested if there has been any underlying slowdown in parts of the semi flat panel section. I must honestly say I haven't followed the differentiation there at the time. I don't have any numbers for you that would be accurate. I think we touched upon it lightly before that we haven't seen a major change in the underlying customer activity. It's really, as we have always said, the key account market and extremely difficult to judge months, of course, but even quarters to what will be the actual demand level and how can you interpret a little bit of a softer week or month or something. It's extremely difficult. That's why we revert back to the more general statement that we haven't seen anything that we interpret as a slowdown nor an even stronger pickup for that reason in that segment. Okay. Thank you, and best of luck. Thank you. retirement. retirement. Have fun. Thank you. Thank you. I will. Our next question comes from the line of James Moore from Redburn. Please go ahead. Yes, good afternoon, everyone, and Hans Ola, can I join the long list and wish you a happy retirement. Thank you. Thanks for talking to me about flow through. Could you help us understand what's happening in your Vacuum Technique business a bit more? The numbers are very big, and I know you don't break it out, but could you give us a rough number about how the 2 service businesses, do they just carry on growing at, I don't know, a 10%-type growth rate and everything else is just on the equipment side? Really my question is about the speed and service in Vacuum Technique and whether that also has extraordinary growth rates. Well, it does not reach the extraordinary growth rates of the equipment. That would be physically impossible. It's interesting to see the type of growth that they've had compared to 2019, for example, which was previous best year we had. It's very strong and it's very comforting levels we see when we make that comparison. They probably come to a sort of a yearly growth rate in that region that you mentioned yourself, roughly. Not anywhere near, not on the 50%, 60%, 70% levels that we see for the rest of them. I see. When we talk about the equipment side on the orders, how much of this strong business is a function of the near-term shortages of semiconductors and supply chain versus the ongoing structural need for the good growing Moore's Law semiconductor market? We're not in the market per quarter. We have looked at the number of construction sites around the world for semi plants coming up in the coming years. Just to look at that map, I must say that it feels like we are truly in the right segment. Then, of course, how much is the demand when the auto industry picked up again in terms of semi, it's very difficult for us to judge, and I'm not sure the customer would tell us either. To be in this segment, considering 5G is coming along, I can see more and more of our factories being connected. I'm not really so concerned about the demand level for a number of years to come. It will fluctuate between quarters, as we have said. On the industrial and scientific, of course, then we are gaining by just bringing better products to the market. I maybe am quite pleased with the position that we have going forward. Thank you very much. Thank you, James. Our next question comes from the line of Sebastian Kuenne from RBC. Please go ahead. Yeah. Hi, gentlemen. My question would relate to the IT division. I would like to know roughly what proportion of business is there that you do with electric car manufacturers, battery, electric car assembly, and so on. What part of that business is currently related to electric vehicles? If you look at the Industrial Technique as a whole, I believe 50%-60% of the business is related to output in one way or the other. When I ask the same questions, because I do ask the same questions, they say that the majority today is related to cell manufacturing batteries or hybrids or full electric. Of course, the full electric is the one that is taking off more with different programs. Very little CapEx goes in from our side, at least into fossil fuel combustion engine type. Most of what you see in the report is linked in one way or the other to electrification. I would have one other question, if I may. Do we have other questions still to take? Well, if you don't mind if we continue with the next question, next person in line. Yep We'll be happy to come back. I think we will have time. Perfect. Thank you. Thanks. Thank you. Our next question comes from the line of Alfred 阿 still Young from Enter Fonder. Please go ahead. Hello, thanks for the presentation, and thanks for taking my question. I was wondering if you could share some additional thoughts on your new Machine Vision Solutions department. What kind of future growth do you anticipate here, and do you plan to do any more acquisitions here? Thank you. We have entered into this because we believe it's growing faster than GDP. We can see that they have ISRA VISION, I start with that, and have a very interesting Surface Vision, which was 75% of the business. On industrial application, of course, we have access to all accounts within Auto, for example, and we can see that the metrology part and industrial vision is growing. We do expect higher growth rates from this, and that you can also see on the multiple that we paid for the company. It's developing quite well, not only for us but also for competition. It's a very good segment for us to be in. That's the reason why we have entered it. It's also a good combination with a lot of our own equipment, because we see automation entering into many of our tightening applications. Then we can combine tools, software, and vision systems. I think I see both synergies when it comes to the industrial applications together with our tools. In terms of acquisition, you can take it segment by segment and say, "Is there a possibility for a roll-up?" Absolutely. Is that the number 1 priority right now? Probably not, because now we need to integrate this. We need to fix Perceptron from a profit point of view, and then we are probably ready then to look at other candidates if we do it successfully. So far, we are very pleased with the acquisitions that we have done in this space. Thank you. Thank you. I remind you that if you want to ask a question, you will have to press 01 on your telephone keypad now. We have a question from the line of Gael de Bray from Deutsche Bank. Please go ahead. Yes, good afternoon. Thank you very much. Congratulations, Hans Ola, obviously, but also congratulations to the entire group for a very strong commercial performance this quarter. I have a question in this respect. At the latest CMD, you highlighted that a large part of CT's commercial success was related to a strong increase in R&D efforts, in particular over the past few years. I think this effort led to, I think the number you provided at the time was 55 new products released in 2020, which compared to only 35 or so in the previous years. Would it be possible to have an update on this for 2021 on the number of new products which is in the pipe for this year? Since you have a clear innovation focus on energy efficiency products, CO2 emission reduction, energy recovery, and so on, I wondered if you would also have any comments on the new EU climate policy architecture, which was released just a couple of days ago. Thank you very much. If I start with the last question then. We have not really dug deep into the new regulations. In general, we are positive to support the transition of the society to be more CO2 neutral. That we do from a personal reason, of course, on the planet, but also from a business reason where we see that we provide our customers with the most energy efficient product, and we intend to continue to do that. I think that might leave a gap between us and some other competitors. For us, this type of regulations where industries like to see less CO2 footprint is beneficial for a company like ours. We do invest, like you saw in today's presentation as well, even more resources into providing financially something that is better for the customer, but also from an environmental perspective. In terms of what we will release and when to the market, I think we will keep that to ourselves and not share that with competition so much. I think Vagner was generous at least to show that there's tons of new products coming, and we would not release anything that's worse than we have or not better than competition. Every release will be the best product. All right. Thank you very much. Thank you, Gael. Our next question comes from the line of Rizk Maidi from Jefferies. Please go ahead. Yes. Hi, thank you for taking my question. I just have a question on the order intake, which was quite impressive. It was quite a strong quarter for Hans Ola last quarter. We're sitting at 30% above 2019 levels. If I look at the bar chart on page five, this last quarter seems a bit odd when comparing to the trend of ordering dates since 2012. What would you attribute this strong demand to? Is there an element of double ordering? Is it the availability of liquidity out there, or is this emergent trend from the back of COVID, such as shortening of supply chain, so we show enough capacity? Well, I think we have to take turns, me and Mats on that one, which is basically a very broad world economy, almost related question. It's difficult for us to pinpoint those factors, of course, but the combination, of course, I think the COVID recovery cannot explain all this, i.e., that people were scared to do investments for a while. We would have possibly seen some growth. To your point, it's way above those levels. Of course, our exposure to very interesting end markets like the semiconductor market with the tailwinds that segment has is a contributing factor, definitely. What also Mats alluded to, we really focus on the product development and innovation, and try to dig out as many segments as possible where we feel that we have a product offer that we haven't really penetrated that specific segment with. I don't think that it's an effect of a big change from globalization to regional or localization yet. I don't know if I forget something there, Mats or- We were debating ourselves a little bit the gap between 2019 and where we are today. Okay, you can say that it builds back up quicker than expected to the 2019 level, but now we are significantly above that. We do see these investments in semi, where we do believe that the customers are pre-ordering equipment and making sure that they are first in line for deliveries. How much that is very difficult to speculate in. We also went through the other business areas and say, is someone pre-ordering tools in Industrial Technique? We don't think so. Industrial compressors, no, we don't think so, and Power Technique, we don't think so. That is in that scope, I think. We can also see the close link to some of the things in the segments that we presented on the Capital Markets Day, where we are gaining speed in some segments, which we also talked about in terms of penetration. I think many of these strategies are paying off. Right now when we speak, we are working on the next segments that we like to penetrate in the coming months and years. Thank you very much, and best of luck, Hans Ola. Thank you. Alex, you can. We welcome Guillermo back then. Guillermo, please. Actually, sorry. Guillermo Peigneux-Lojo from UBS. Okay. Perhaps we should wait with Guillermo a little bit. We should wait. Yes. We can go on to. Hello, is that Guillermo? Oh, yeah. I have an additional question. Sorry for that. I wanted to ask about the size of the business. You mentioned vision in a number of occasions in your report. I wanted to ask whether you could share with us the size of the machine vision business as we speak. I think that you can calculate more or less from yourself. We have reported a nice steady growth a couple of quarters ago, and that I would say continues. You know the size of the 2 acquired companies, there's nothing magic in that. It's not the giant part of Industrial Technique as of yet, of course. Yes, it has grown repeatedly in the quarters that we have owned them. Thank you. Thank you. We have a question from the line of Lars Brorson from Barclays. Please go ahead. Oh, hi. Thank you. Good luck, Hans Ola. Mats, if I could just try to peel the onion a little bit on your comments around China and the industrial businesses in China. I noticed that your gas process business is moving sideways sequentially. It was up in the first quarter. Now we're talking about a sequential decline. Is that driven by China and whether you're seeing in that part of your business, obviously, we've seen a notable correction in Asian gas and petrochemical prices this year. I wonder whether you're starting to see an impact on your business. On sort of other industrial short cycle businesses in China, again, we had Sandvik earlier talk about a notable slowdown for them in part driven by automotive. I wonder whether you can recognize that in your legacy cyclical businesses or your power tool business, your consumables, which perhaps are more production driven, but maybe that's being offset by strong growth in new emerging businesses like adhesives. I'm just trying to understand or maybe get a bit of flavor for the DNA of the growth profile of your Chinese business or for the industrial assets, please. Thank you. Yes, maybe I should start, Hans Ola. On gas and process business, you say go sideways. Yes, but we have had a couple of quarters where it also has been negative. Not specifically related to China, but with the barrel price at $75, I think that we start at least to see a more positive trend there, even though it has not shown in this quarter just yet. In China, if I look at the quarter, and the last few quarters been very solid, and I don't think we have any evidence that it's weakening for us just yet, at least. I can also follow your comments, and we have to wait and see a little bit. I don't know if Hans Ola can elaborate on that then. Was it Kyle? No, I think the numbers that are reported from China when it comes to CT, but many of the other business areas as well, are really very good. It's not at all that it's only the semiconductor industry, the famous one with all the spend that is driving the growth. If we look at Compressor Technique, it's at very high levels, and that is irrespective of what type of compressors we're looking at, basically. It's at very high levels. We can only reiterate that the There's nothing in the cards that indicate the change of trend in that respect. Understood. Thank you. Thank you. Our next question comes from the line of William Mackie from Kepler Cheuvreux. Please go ahead. Good afternoon. Thank you very much for taking the question. Congratulations. My question actually relates to how you're thinking about investment across your business. If we look, two record quarters, rising backlogs, positive global economic outlook, yet really your investment rates across the business haven't moved much against the 2019 levels in comparison. Can you maybe flesh out how you're thinking about where to prioritize investment across the businesses, the four business areas, and perhaps where you see the most critical bottlenecks or areas that need to be expedited to meet this backlog that you face? Thank you. In our case, each business area has a plan to invest. What we do see as a change, strategically, with the pandemic and with the protectionism that we have seen, that we need to be more local for local. We need to have a closer presence to customers and their application. A lot of the investments lately have gone to Asia to support the Vacuum divisions. There, we always would like to have some extra capacity to take these peaks of orders. Now we utilize all the capacity that we have, and we continue to invest in local manufacturing and local development and local sourcing. That also goes for South Korea as well. We have the hubs, of course, here in Sweden for Industrial Technique and in Belgium for CT. If I just take what we have done the last year, I would say that a lot of investment in Asia to support the growth rate we have in Asia. We have 42% of the group's business in Asia today. This is where we are bumping up capacity and competence. Great. Thank you very much. Thank you. Thank you very much, William. I think that concludes, right, the line of questions, operator? Is that correct? We do have a follow-up question from Sebastian Kuenne from RBC. Okay. Please go ahead. We take the follow-up from Sebastian. Yeah, I feel honored to have the last question for you, Hans, as well. Go ahead. In the compressor business, there's a lot of talk on hydrogen economy, of course, which will require very large-scale gas compression if you transport methane or hydrogen from Chile or from Africa or wherever you want to get it from. I fear that Atlas Copco doesn't have that type of compressor yet, because they're usually reciprocating compressors that compress up to 3,000 bar. Where do you see your portfolio in respect to 10 years from now, where you have to be in the hydrogen economy? Do you think you're ready for that market? That would be my last question. Thank you. I think, Sebastian, when it comes to product range for oil application in hydrogen, we don't have a full range of product there. We are, of course, evaluating ourself a little bit, will hydrogen be the winner or will we see other winners, like battery technology for the truck industry, for example? We are preparing our case to be ready and having the best product in this segment as well. We think it's a few years away as well to really be a huge potential for compressor. As you say, it's more of 500 bars and upwards in this segment. We have a range, but it's not a complete range. It's, for sure, one of the future segments where we show an interest, and we intend to have a strong position in this segment when it takes off and if it takes off in the way we think. It could include M&A, of course. Absolutely. May or may not. It could include that. Probably like we do everything. It may, to your point, that's what Mats tried to say, yes. Yeah. May include. Yeah. Thank you so much, Sebastian. Thank you very much. Yeah. I would like to say thank you to everybody, and I extend it to not just for this call, but as I indicated before, for all the years and all the challenges and support given to me and to Atlas Copco, of course. With that, thanks everybody, and have a nice summer, for those of you that have the opportunity to that. Thank you and goodbye.