Welcome to the Beijer Alma Q2 2026 report presentation. For the first part of the conference call, the participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key five on their telephone keypad. Now I will hand the conference over to the speakers, CEO Johnny Alvarsson and CFO Peter Forslund. Please go ahead. Thank you. Do we hear anything? Yeah, we hear you, Johnny. Peter, do you hear me? Yes, Johnny, we hear you. Hello. Hello, Johnny. We hear you. Okay, ladies and gentlemen, welcome to this presentation of Beijer Alma second quarter 2026. If you hear some strange noises around me, it's because I'm sitting in a sailboat in the middle of the Baltic Sea. It's old waves, but no wind. That's why there are some strange noises. Together with me is Peter Forslund, who is the CFO of Beijer Alma, will present the financial figures. Good morning, everybody. On this agenda, I will talk a bit about highlights from Q2, and then we'll talk about financial performance, then acquisitions, and finally Q&A. We increased our net revenue by 5% in this quarter, and we have adjusted EBITDA of 14%. If you look at the market, and we are working in many areas of the world, and we start in United States where we are with the components. It's been a good quarter, and we see a strong market in United States. As we are manufacturing springs, we are in many different customer segments, but it seems like in the first half year, there's been a strong market in United States, and it seems to continue that way. If you go to Europe, that means Europe excluding the Nordic, it's been a much weaker market. It's been stable, but really no increase in the market. We have also still some problems to solve from Alcomex that we work with and will be not solved probably before end of this year. In the Nordic region, we have seen a smaller growth, stable market, and also a slight growth general for the components, and actually a nice growth organically for Beijer Tech in the Nordic. If we go to Asia, where we have the spring business, it's been a stable business over the period. Specifically we talk about Beijer Tech. It has been a very good quarter where we have made acquisitions, we have had organic growth, and we come back to that later on. It's been a good quarter, and I have some hope for the coming quarters in this year that will continue to be strong quarters for 2026. By that, I give the word to Peter. Thank you, Johnny. We'll now go into a little bit more detail both for both components and tech, but also a little bit on the general. As Johnny mentioned, we see a continued profitability improvement both in components and tech. We have a strong EBITDA growth coming up to 14% year-over-year. We see a stable demand during the quarter, not reaching really the heights of late March from the first quarter, but overall stable and we are satisfied with the performance. Johnny mentioned also U.S. specifically, and U.S. is the market together with niche within Beijer Tech that has the highest demand. We've also seen a very limited effect from the geopolitical turmoil on the Q2 numbers than what happens in the future that, let's see, but so far, not much of an impact. Great. We will go further. Looking a little bit on the sales development, we have a slightly organic growth within the quarter. Still some currency headwind. Looking at the components, we have more currency headwind than we have in Beijer Tech that is fairly neutral. Looking at the organic growth a little bit more specifically, there are still effects from the action plan. We are saying that we are losing around SEK 50 million on top line based on the deals that we have decided to not do in the action plan. The underlying organic growth is a little bit stronger than the 1%. Acquisitions are contributing than 5%. Please remember that the five acquisitions we made this year is fairly late in the quarter. We will see the full impact during the third quarter rather than here in the second quarter. Moving on to a little bit more details on Beijer Components. Looking at the Chassis Springs business, we see a slightly lower demand in the quarter compared to last year. Specifically, this comes from Germany and from U.K. On the demand side, we see a better demand in Eastern Europe. We see that the business is stable. It's not that much has changed. It's just the demand moving a little bit sideways and a little bit lower. Nothing dramatically in Chassis Springs. Still good profitability in Chassis. Industry, we have talked about a little bit on the regions. U.S. is the strongest, exactly as Johnny mentioned around Europe, that we see Europe is stable, but it's not improving and becoming better. The industrial demand is moving sideways in Europe rather than improving. We have the effects from the action plan, as we discussed earlier. What is great is that we see a broad profitability improvement over the different regions. Not only in one or two, but there's broad improvement on the profitability. Looking at Alcomex. Alcomex delivers a stable Q2 result. Profitability moving sideways. We are very close to double digit, but still not really there. Alcomex is stabilizing, and the performance is solid here in the second quarter. Moving to Beijer Tech. Beijer Tech has a very strong quarter, 8% organic growth, and five acquisitions. Beijer Tech is really performing on a high level. Looking at the demand side, specifically in the different segments in Beijer Tech, we see that industrial products, there is still a little bit of a cautious demand when it comes to industrial product, but not bad in any way, but a little bit cautious. Fluid, with a solid organic growth. There is a wide range of businesses there in the valves that are performing on a good level. Niche technologies has had a very good year that continues. Several companies are contributing in a good way. Looking at the profitability improvement that we see in Beijer Tech, that is driven by both demand, but also a little bit of mix where we have more revenue in the Niche technologies businesses, which tends to have a little bit of a higher margin. Looking at Beijer Tech as a whole, we now have a period of 12 months behind us with a very solid organic growth. I think we've had 8% in Q3 last year, 8% in Q4, 6% in Q1, and now 8% here again in Q2. It's a very solid delivery here over time from Beijer Tech. Looking at the cash flow side, we come out with a strong cash flow in the quarter. It's driven first and foremost by the profit growth, but also that we in the quarter see a positive working capital development, meaning that last year in the second quarter, we had a negative working capital development, and now we have a positive, meaning that the swing gets fairly significant between second quarter last year and second quarter this year. Looking at capital efficiency, which is one of our financial targets, we are catching in soon to reach the 50%. We see a good development in the capital efficiency, both in the adoption internally, but also in the development in the numbers. Solid performance capital efficiency, very much driven by the EBITDA growth. Moving over to the financial position. Net debt stays at 1.7, despite us doing five acquisitions and paying dividend. That's of course helped by the strong cash flow. We see that we have a good financial strength to continue to invest and to reach the set targets that we have. From a leverage perspective, it's a solid delivery. With those comments, I will hand back to you, Johnny, to talk a little bit about the acquisitions that we have done in the quarter. Thank you. This is a picture showing the acquisitions we've done since 2010. As you've seen, it varied over the years, but I think now our ambition is to continue to grow the acquisitions. We have two teams now, one team since many years working with Beijer Tech, but also a new team working with Beijer Components. We are waiting now for them to be able to make their first deal. If we look at the acquisitions done, second quarter is in Beijer Tech. The first is a Swedish company in Uppsala, who is an add-on to one company we have with Slangservice. They're working with piping service. We made our first acquisition outside the Nordic, and that is a fluid company, because we have a lot of fluid competence. It's by context and knowledge we ended up this business. KICAB is actually a company who's doing sludge screw press, who is adding to a product program that we have earlier in this area with processing sludge. JR-Wood is a Finnish company who is very special business, who is an intermediate between supplier of material for refurbishing houses and refurbisher. They make kits of what is needed when you refurbish a house. The companies doing the refurbishment make a specification what they want, and JR-Wood manufacture this, make a package of it, and deliver to the house that's supposed to be refurbished. This is a business I haven't seen in Sweden. It's very special for Finland. They have been very solid in the market for a long time, have a nice profit. Finally, it's Steinar H. Sunde who is a valve company in Norway, working to the oil sector in Norway. I know there will come a few more acquisitions in Beijer Tech in Q3 as well. The summary is that it's a stable industrial demand, we continue to improve our profitability, and we are aiming at a higher level than we are today. We have so far not been impacted by the geopolitical turmoil in the quarter. A few price increases on some material, but not in a major in that area, not what we have seen with our customers as well. By that, we go over to the Q&A. If you wish to ask a question, please dial pound key five on your telephone keypad to enter the queue. If you wish to withdraw your question, please dial pound key six on your telephone keypad. The next question comes from Johan Dahl from Danske Bank. Please go ahead. Yes, good morning, everyone. Just, John, if you could expand a little bit on components that the team you talked about on M&A, how those working processes are progressing when you think they can start deliver on growth would be interesting to hear. We hired one person from, I think it was March 1st, an experienced person. We have also now released one person in the European organization. We have now building up a number of cases. It takes time to get relations with different people out in the organization. I hope there will be something in this autumn. You never know until the deal is done. Got you. Also on components, presumably, there will be needed price hikes. I am sure you did some in Q2 already, but how far have we come in compensating for raw material cost inflation? Is that something that is mainly ahead of you in the second half, or do you think you have come a long way on actually compensating for raw materials? Many of the production orders actually is not long-term orders. It is an order you take and you set the prices. That means we compensate from day one for it. I think we have done maybe 60%-80% already. Okay, got you. Thank you so much. As a reminder, if you wish to ask a question, please dial pound key five on your telephone keypad. There are no more phone questions at this time. I hand the conference back to the speakers for any written questions or closing comments. I haven't seen any written questions. Have you, Peter? No, there are no written questions at this point in time. I guess many presentations today. Yes. Anytime you're welcome to come back to us if you have any questions. Thank you for today, and we hear from each other at least in after Q3. I wish you a good summer. Goodbye. Goodbye.