Good morning, everyone, welcome to this audio cast. As you heard, my name is Mikael Norin, I'm the CEO of Cavotec, I have our CFO, Glenn Withers, with me today. The topic is our Q4 report for 2020, Cavotec's Q4 report. As we all know, the second wave of COVID-19 resulted in partial lockdowns in many places around the world in the fourth quarter of last year. This means that the market situation continued to be challenging for us, including delayed decision-making by customers and postponed projects in our markets. Now, we believe that we managed this situation well. In the quarter, we generated slightly higher revenue and EBIT versus the third quarter 2020, while the operating cash flow was considerably stronger. Our financial position continues to be strong, and we are well-positioned to both handle the current situation and to invest in the future. Glenn will elaborate more on our financial results in a minute, but let me first talk about how we see market growth returning when the pandemic's under control. The thing is that despite the depressed business climate at the end of last year, we continue to be optimistic about the future. We remain committed to developing solutions that contribute to improvements in efficiency and productivity, while at the same time reducing environmental impact. We call these profitable sustainability solutions. We actually see the pandemic making key trends of efficiency, safety, and sustainability that our solutions address more relevant than ever. Underpinning our optimism is some of the orders we won in the quarter that reinforces our leading position in the growing market for profitable sustainability solutions for the maritime sector. For example, we won automated mooring and automated e-charging systems for the world's first fleet of zero-emission, autonomous, battery-powered ships in Norway to ASKO. I'm convinced that this project will be talked about in the future as the breakthrough step towards a fully autonomous maritime supply chain. In the coming years, I believe we will see a proliferation of autonomous shipping and zero-emission technologies being introduced in the maritime world. Talking about new technologies, we were really excited to book two orders in quick succession for our next generation automated mooring system, MoorMaster NxG, so soon after the global launch in October. I think this is a testament to how MoorMaster can revolutionize the way ships enter and leave ports, with mooring in as little as 30 seconds to drastically reduce docking time. That leads to increased loading and offloading productivity in the port, and from an environmental perspective, it results in one hour less of heavy diesel emissions for every ship and every mooring sequence. Our optimistic view of the future also means that we, despite the current headwinds, increased our investments in developing our technology and products. In October, we announced that we will open a new innovation center in the Netherlands at the beginning of 2021, focusing on profitable sustainability solutions. This will bring together the capabilities that we have within areas such as artificial intelligence, remote connectivity, high power, high speed electrical charging, and battery technology. I think with this introduction, let me hand over to Glenn to talk about the fourth quarter. Thanks, Mikael. Good morning, everyone. As you heard earlier, we continued to experience longer lead times to close the deals with our customers. Nevertheless, we did win several significant orders in the quarter. In addition to the ones that Mikael already mentioned, in particular, we secured orders for two separate MoorMaster systems in Australia and New Zealand. In aggregate, they were worth about EUR 6.5 million. In addition to that, we also won several airport gate refurbishment projects in the U.S.A. during the quarter. The COVID effect, however, resulted in our order backlog decreasing 7% during the quarter, and we ended at EUR 85 million. In ports and maritime, the backlog was 3.5% lower, while in airports and industry, it was 11% lower compared to the prior quarter. Turning to revenue, it decreased 15.7% in the fourth quarter compared to the same period previous year. We finished at EUR 40 million. This is mainly as a result, as I mentioned earlier, of delayed projects related to the second wave of COVID-19 and the continued partial lockdown in some markets that we experienced during the quarter. In a division level, revenue for ports and maritime decreased to EUR 17.8 million. That's a drop of 20% compared to the same period previous year. In airports and industry, the revenue decreased 11% compared to 2019. That decline in airports and industry, if I split it between airports and industry, we were down more in airports, while in industry, the profile was relatively stable quarter-on-quarter. Despite those reductions, adjusted EBIT remained positive for the fourth quarter at EUR 1 million. This corresponded to a margin of 2.5% compared to 11.8% in the same period of last year. The positive result again proved that our efforts to restructure our operations in the past has improved our flexibility and our resilience to changes in volumes. In the quarter, we also continued to invest in the future. We incurred costs of EUR 1.9 million in relation to our plan to accelerate the development of products and growth in the ports and maritime sector. Including these one-off costs, we reported a loss of EUR 0.9 million in the quarter. Something that also affected us in the quarter in a substantial way was the strengthening of the euro against the U.S. dollar, especially towards the end of 2020. This resulted in an FX loss of EUR 3.3 million in the quarter, which was a EUR 1.1 million negative swing versus the same period last year. I will point out, though, that virtually all of this impact is due to unrealized balance sheet currency translations. I previously talked about the importance of a consistently profitable cash-generating base business in Cavotec. From the beginning of 2020, we focused a lot on our processes, follow-up, and consistency. As a result, we've previously reported three consecutive quarters of positive and improving operating cash flow, despite the significant top-line impact from the pandemic. I'm happy to report that the fourth quarter was no exception to this, and we reported a positive cash flow of EUR 9.6 million in the quarter, which was 7% higher than the previous year, and for the full year represented about 116% of EBITDA. Cash flow from investing activities was EUR 2.2 million, mainly due to investments in research and development for new products in ports and maritime. You've heard us talk about those investments in the last few months. We closed the year with a cash balance of EUR 19.2 million, up EUR 6 million during the year. This means that we're well-positioned to continue to invest in future growth. With that, Mikael, I'd like to hand back to you. Thank you very much, Glenn. For us as a management team, we remain very much optimistic about the future, as I said in the beginning of this presentation. For us, it means that in the short term, we have to have one foot on the brake pedal and at the same time, the other on the accelerator. What we've tried to do is we have to both handle the short-term market challenges due to COVID-19 by controlling our costs, and I think we've done a pretty good job of that. Simultaneously, also to continue to invest in further strengthening our market positions so that we are prepared for the expected recovery and growth in our markets. I believe that behind the headline numbers in this report, we have shown in Q4 and during the year that we are very capable of doing just that. In summary, we are more committed than ever to investing in profitable sustainability solutions so that we can take full advantage of the expected increase in demand as soon as the world returns to a more normal situation. We have a lot of exciting things planned for the year ahead, so I hope that you stay tuned. With that, I'd like to thank you for your attention so far. This concludes our prepared statements, and we're ready to open up for questions. Ladies and gentlemen, if you have a question for the speakers, please press zero one on your telephone keypads. Our first question comes from the line of Karl Bokvist of ABG Sundal Collier. Please go ahead. Thank you. Good morning, Mikael. Good morning, Glenn. Let's perhaps start off, I think, in the outlook statements of some other companies out there, we tend to see at least a sequential improvement in customer sentiment out there, even though it's, of course, still highly uncertain due to the pandemic. I mean, just to hear your flavor on whether or not you feel that customers are getting a bit more optimistic about the future, or do you feel that in your end markets that it's just a similar type of appetite for investments as it was perhaps in the early fall? Just to understand how your customers are viewing the situation. Well, thank you, Karl. I think we need to separate that question into our two different business areas. If we start with ports and maritime, we definitely see a lot of growing interest in these type of solutions that we offer. Our customers are trying to find solutions that both increase productivity and simultaneously offer sustainability because of the pressure that they are on to improve in both of those areas. We have a lot of positive interest from the market for that, and we think that we're very well-positioned. It may not look like that in the report today, but as I said, there's a lot of interest, a lot of conversations going on. Now airports, as you know, it's still a market that is heavily impacted by the COVID-19 situation. Due to the uncertainty around the future passenger volumes, we see that the airports, they are the end customers for our solutions. They're still very hesitant to commit to new investments. We haven't seen any projects that were planned for the future to be canceled, but they keep being pushed into the future. It's really a tale of two different stories. Understood. Just to get a sense of, typically in a fourth quarter for a company of your business, I can imagine that as you had the prior year, that you had a bit of a good mix in terms of services and a bit of deliveries towards the end of the year. I think you mentioned that services now are roughly 22% of sales, and I think it was 20% or something like that last year. Just to understand, do you feel that services could have been even higher or are services also impacted by COVID, for example? Services has been impacted during the year, Karl, because of travel restrictions, so that repair jobs and the maintenance jobs and so on are very difficult for us to undertake with our customers as they come in. We have mitigated that by developing remote ways of conducting service with cameras and stuff like that. I think the service team has done a really good job of that. Honestly, we're very encouraged by the fact that services continues to develop in a positive way, and especially when it comes to long-term service agreements for the installed base that we have. As you mentioned in the quarter, now services represents almost 22% of our revenue. What is interesting is that if I look at the portfolio of long-term service contracts that we have now, if we take like an annualized value of that actually grew 36%. That's still from a modest base, but we see us progressing on that quarter after quarter. That is very positive, I think. It shows that what we're doing and how we are setting up the whole services organization is something that our customers are reacting very positively with. Understood. Two more questions from me. The first one has to do with we continue to see a reduction in your personnel base. Now, part of this has to do with your prior programs, but in case demand recovers quite substantially, let's say revenues could return in a year or so to the kind of level we saw in 2019. Do you feel that with the lower personnel base, you still have the ability and capacity to handle those sorts of volumes? Well, what we did during the transformation, Karl, is that we rebalanced our workforce so that we have a base of permanent employees. Then on top of that, we have permanent employees so that we can flex with demand. That's exactly what we've been able to do. That's one of the reasons that we've been able to react in so forcefully and in a fast way to the situation during the COVID-19. This is also what we will do when demand returns. We're able to add on top then temporary staff to be able to flex again without locking in that cost permanently for labor. Understood. My final one has to do with what you call growth investments, the EUR 1.9 million into growth investments within ports. What kind of items do these relate to? Since you call them a one-off, how should we think about the possibility of even more investments in the future? Let me start with commenting on why we're doing this, and then Glenn can talk about the forecast spending for the future. The interest in the market that we're experiencing now, the growth and interest, and when it comes to these two, efficiency, sustainability, workplace safety, and so on, and we believe that we have a wind of opportunity now to really solidify our leading position in some of these segments. That's why you've seen that we have reinvested, as we call it, some of our earnings into, and this is into sales, marketing, industrial design, turnkey capabilities, and so on. It's really to move our position up to the next level in the market, and so that we can be way ahead of our competitors when then these opportunities crystallize. As you see, that meant that in Q4, we spent about EUR 1.9 million in OpEx related to these activities. Glenn, do you want to add something to that? Hi, Karl. I think that was a pretty good summary of it. The only thing I would add on top of that is that I don't expect that level of expenditure to occur in Q1, the quarter we're in now. Just to address the one-off investment side of it. It's really the majority of that's happened already in Q4. Looking further ahead, I think it's more linked to what we've said earlier in the call, that we remain really optimistic about the future, and we're going to continue to invest over time in developing those profitable, sustainable solutions for our customers that we've talked about. Yeah, understood. Going forward, it's more about stepping up investments in your regular operations, regular OpEx, so to say. It's not that where you will separately disclose it as non-recurring items or things like that, I can imagine it's more of a type of thing, attributable to the ongoing business. Yes, correct. Okay, perfect. Thank you. Thank you, Karl. Just to remind everyone, if you would like to ask a question, please press zero one on your telephone keypads. Our next question comes from the line of Josh Slesher of Kiel Investment. Please go ahead. Yes, good morning, and thank you for taking my call. Regarding radio remote control, we're seeing Allgon being acquired, and we're also seeing that most of that market is actually operated by independent radio remote control producers. How do you see your own position within that area? Could you briefly talk about why you should not divest your own RRC unit? Thank you. Thank you. I'm going to start with the last part of your question. Obviously, we don't comment on any divestments or acquisitions until we decide to do those, and we have no plans about divesting radio remote controls. Radio remote controls for us is in many ways an enabler for the other products that we have in our portfolio. This is how we remotely control a lot of the other solutions that we have, and it's important for us as the demands from the market to be able to manage equipment and systems more remotely. There's a trend in the market to move operators away from the actual workspace because of safety issues and other issues. It's really enablers for us, and the systems that we develop are customized solutions. We're not in the market for mass volume solutions that some of the other radio remote control companies may be. Excellent. Thank you. If I could follow up on that, can you say something about the level of revenues that you are generating from the RRC market? We don't report that separately. It's part of our airports and industry business. Okay. Thank you. Thank you. We have no further questions on the line at this time. Please go ahead, speakers. Well, in that case, I would like to say thank you very much from us for your attention today. We wish you a very good Friday. As I said before, we have a lot of exciting things planned for this year with Cavotec. We remain very optimistic about the future. I hope that you stay tuned and keep following us. Thank you very much. Goodbye