Thanks, Emily. Good morning, everybody. Pleasure to be here, and thank you all for your time and interest. It's our Q2 presentation, so I suggest we crack straight on with it. Looking at slide two, in terms of presenters from our side, you've got almost the usual suspects now of Joakim and myself. In terms of agenda, company overview, Q2 highlights, financial update, obviously summary, and then importantly, of course, we'll leave ample time for questions. If we start with the company overview, that's something that I felt was important to just have a very brief recap on for a couple of reasons. One is it's only our second quarter out of the gate, as it were, so we are relatively new, and we are getting to know each other. Secondly, I know there's a number of existing investors on this call, but also some potential new ones as well. I thought it'd be helpful just to give a very brief overview of who we are. Looking at slide four, you'll have seen this slide before if you've been with us for a while. We think of ourselves as the global software leader in connected consumer insight. Really what we do is we are digitizing what is still largely an analog industry and transforming and accelerating how companies obtain insights. We've got a very large and growing and pretty loyal customer base. If you look at the bottom left-hand side, you see we're now up at 2,900 B2B customers, growing nicely not just since 2018, obviously, but also on the last 12 months basis. We'll talk about that a little bit more in a few minutes time. In terms of underlying market, really no concerns, right? We're operating in a directly addressable market, you may recall, of EUR 3.5 billion. While we are growing nicely, we've still got plenty of runway still to go. We are a B2B software platform. We'll give a very short one-page overview on that on the next slide. We are pretty proud of our profitable organic growth. If you look on the right-hand side, you can see the blue circles. That is our year-on-year growth rate, comfortably in the mid-to-upper 20%s, accelerating somewhat more recently, which is really nice to see. Obviously you've got, including M&A, a CAGR of 35%. As you would expect, we are in the data space. We've got a strong focus on data security, privacy, but also diversity and inclusiveness is important to us. Very global, right? You'll hear that word from us quite frequently. Global, it does matter. You can see our net sales by region are 45/45 more or less between EMEA and the Americas with APAC nudging 10%. Really very much a global business, headquartered, obviously, in the Nordics in Stockholm, but a strong U.S. and presence elsewhere. That's really us. If we move to the next slide, this is an overview of our value proposition and platform, where we really are a global insight platform, right? You've got us in the middle. You've got our B2B customers on the left-hand side, and then our 155 million now double opted-in respondents on the right-hand side. Really, what we do is we aggregate supply and demand each to the benefit of the other, right? That's really a key point for us. In the platform space, we really believe that scale does matter, right? It matters in two dimensions. It matters in having a global presence. You can see, again, a brief overview or some key numbers and metrics around our global presence in the circles on the bottom, but also in terms of growth, right? Because as I've said in the past, it is the number one in the platform space to whom the disproportionate value accretes. While we're not the number one at this point in time, we've got us and some others, absolutely our intention is to be the dominant platform in our space in the not too foreseeable future. That's really us in terms of overview. If we now move to the next slide, we can just see a recap of our strategy. We're going to be talking about each of these circles with the exception of the software platform and features and benefits. We're going to be talking about the established companies. We're going to be talking about the tech-enabled. Obviously, new customers is a big theme for us, and we've done pretty well on that. Of course, also M&A. That's us in terms of overview. If we now just start with slide eight in terms of Q2, and really the headline there is strong organic growth and progress on M&A. That, I would say, is the headline, at least from our perspective. As you can see, we've got net sales in Q2 increased by 45% on a reported basis, and if we actually adjust that for currencies, that actually nudges up to 48%, which we think is pretty good. EBITDA, EUR 5.2 million with a margin of 16.3%, but there it's pretty important the third bullet, I think. If we actually adjust that for FX, we actually can demonstrate a margin of 19.3% in this quarter just gone which we think is pretty good, and again, a sort of reinforcement, a demonstration of the scalability of our business model. In terms of growth, it's very broad-based. It's broad-based in terms of geography, we'll talk about that. It's broad-based in terms of customer segments that we've talked about, the tech-enabled and the more established. In terms of key activities or events during the quarter, we obviously closed the acquisition of GapFish, and we'll have a slide on that a little bit later on. Let's dive straight into the next slide and look in more detail on slide nine about our sales. The theme or the highlights, if you like, are similar to what we talked about last time, which is the tech-enabled companies and the Americas, in terms of segment and geography, respectively. If we start on the left-hand side, which is by customer segment. Here, really, the picture is much as we would expect. Overall, very good growth in both segments. What we do see is faster growth among our tech-enabled customers, as we would expect. Equally, the established segment is still very substantial and important for us, and we have many valued customers in there, of course. The relative ratio between those two is really starting to narrow now. Again, this is very much what we would expect to see. If we flip over to the right-hand side, you can see the net sales by region. Again, it's kind of reinforcing the picture of our broad-based growth. What we have said actually in the past is that the APAC is perhaps our smallest, but fastest growing region. What you've seen here actually is that the Americas on a CAGR basis has now outgrown. Really, I think that's a function of a couple of things. First of all, the investments that we've made historically into the Americas, as I've said in the past, are really starting to yield fruit. Secondly, the Americas is really where many of the tech-enabled customers are either headquartered, founded, or spending considerable sales investment. Really, it's kind of a double whammy, if you like, in terms of positive benefit that we're seeing in terms of real acceleration, continued acceleration, I would say, in the Americas. If we move to the next slide and look at the regional development now, not on a sort of multi-year CAGR basis, but just snapshot of Q2. You can see here Americas, 41% up, very nice, very strong. As I said, really as a function of both new logos that we're managing to secure and the tech-enabled sector, which is growing very nicely indeed there. EMEA, really positive. They're at 52%, but that is with GapFish, and GapFish is obviously predominantly a EMEA business. Nevertheless, even at 43%, if we exclude GapFish, very nice performance from EMEA, and it really is across all of the sub-regions, which is very encouraging again. I would say both in DACH and the U.K., plus Middle East and Africa, we still see many opportunities for continued growth into the future. Finally, of course, APAC, 34%, very good indeed. As we've talked in the past, for us, APAC really is Australia and Japan. We're seeing continued good traction there. In particular, the markets that we're in in APAC historically have been quite face-to-face market research methodology. Obviously with COVID, that kind of stopped completely, starting a little bit to reoccur now. Nevertheless, the fundamental trend there in terms of offline to online is very much in our favor. If we move to the next slide, just some important, for us at least, important KPIs. You can see on the left-hand side there, increase in B2B customers, almost 500, 400 and something, which is very nice. You may recall that our internal target is to increase B2B customers by 500 during the course of 2021. We're getting very close to that. Of course, it's also fair to say that about half of those were effectively acquired via GapFish. Nevertheless, really good progress on B2B customers. If I had to pick a region, again, the Americas, and within the Americas, it's the tech-enabled segment that has proved to be a very fertile hunting ground for our sales teams. Moving to the middle section, connected consumers. Very good uptick on that. A function of both the GapFish acquisition, 500,000 new respondents available to us, obviously in the DACH region predominantly. Also just working with existing supply partners to increase the supply we get from them and also recruiting new supply partners as well. Really a three-pronged strategy there. Finally, the completed service, as you would expect, very nice uptick when we've got the Q2 LTM of EUR 93 million there, which is absolutely trending in the right direction. Organic growth is enterprise customers processing many more of their own completes through our platform. Of course, acquisition of P2. We haven't listed GapFish yet, because that's not really much of an impact. It was one month of the quarter where their numbers are in our consolidation. Really, in terms of KPIs, absolutely all moving in the right direction in our view. Finally from me, just the M&A strategy on page 12. This is really a kind of an overview of Gap. Really, GapFish is a very well-respected and one of the largest providers of panels in the German-speaking world, so DACH. Founded not that many years ago, nine years ago, 40 employees, as I said, about 250 odd, 300 customers, and a very nice number of high-quality panelists. They were looking at revenues of about EUR 8 million in the year to end of March, with a little bit more than 50% EBITDA, not gross profit, excuse me, and then EBITDA EUR 1.3 million. Really a very nice business. Very pleased that we've partnered up with them. The integration is well underway and going well. Transaction details you can read there on the right-hand side. We've published them obviously as part of the announcement, so no surprises there, I hope. Importantly, why GapFish? Really there, I would say we're kind of pointing back to the strategic rationale that we've spoken about in the past, in terms of identifying the right targets for us. Which is number one, we use our platform data for unmet demand, and we definitely have unmet demand in the DACH, particularly Germany, but more broadly in the DACH region. GapFish are a very respected panel company. They definitely have a high-quality respondent pool. As you know, and as I've said in the past, Germany is a strategic market for us, partly because it's the third largest market research country in the world, so size. Secondly, it's because for historical reasons, our market share there is underrepresented. It's something that we've identified a couple of years back and started to invest, and we'll continue to do so, both on the demand side with beefing up our sales teams, but also on the supply side, an example of which is this GapFish partnership that we've just done. Finally, of course, talent and tech, their colleagues in Berlin, as we are also headquartered in Berlin. Very good as you'd expect from a kind of entrepreneurial, relatively small company. We're very pleased to welcome the colleagues and are in the process of kind of working out how best to integrate and join forces. For us, a really nice fit, and very pleased to have been able to close on that during Q2. That's it from me in terms of overview. I'd now like to pass over to Joakim, for the financial update. Perfect. Thank you, Tom. I will now take you through a couple of slides with the financial highlights of the second quarter of this year. On page 14, if we start from the left and our net sales development, as you heard Tom say earlier, we reported a 45% growth year-on-year, which took us from the EUR 21.8 million in Q2 last year to EUR 31.7 million net sales this quarter. If we exclude the contribution from GapFish and we disregard from the currency effect, we had an organic growth of 48%. Our gross profits grew from EUR 11.1 million to EUR 16.5 million or by 48% as a result of the strong revenue growth. As you can see on this slide, the gross margin increased slightly from 51% last year to 51.9% on the mix effects relating to our customers, products, and supply partners, which we have spoken about before, but also obviously due to the positive contribution from GapFish with one month contribution this quarter. Thirdly, to your right on this slide, you have the development of our profitability. Our adjusted EBITDA grew by 39%, from EUR 3.7 million to EUR 5.2 million, and the margin was 16.3%, which is a small decline from last year. This decline is entirety driven by FX effects and the revaluation of the working capital balance sheet item. We had a loss of EUR 1 million included in the operating expenses for the Q2. If we would have taken that out, the adjusted EBITDA margin would have been 19.3%, and it's great to see further underlying improvements in the EBITDA margin this quarter two. If we move to the next page, we will look a bit deeper into the P&L statement. You will find that we had two items affecting comparability that we have adjusted for. We have highlighted that with the red box on the right-hand side. We had our second loan forgiveness relating to the U.S. Paycheck Protection Program. We also adjusted for the transaction costs incurred in connection with the GapFish acquisition. In total, those items amounted to EUR 574,000 and explain why the reported EBITDA is higher than the adjusted EBITDA. Our OpEx efficiency or scalability continued to improve, and on a rolling 12-month basis, our adjusted total net OpEx to net sales amounted to 34.2%. On the bottom right, you can see the rolling 12-month adjusted EBITDA margin. Even if FX has created some volatility the last two quarters, it's comforting to see the trend towards our financial target of 20% in the medium term. Next page, please. Let's turn over to the balance sheet highlights. As presented earlier by Tom, we concluded on our first acquisition as a public company this quarter, and the consequence on our balance sheet are primarily that we, on a preliminary basis, have added approximately EUR 20 million of goodwill, EUR 11.5 million of intangible assets, and thirdly, that our cash position has come down by EUR 17.7 million from the last quarter. As you can see on the bottom of the page, we though still have a very strong balance sheet with a net cash position of EUR 44.3 million at the end of the quarter. Next page, please, our cash flow highlights. On this page, I would like to make three short comments. Firstly, total operating cash flow in the quarter was EUR 3.1 million. Secondly, we had a negative cash flow of EUR 19.8 million from investing activities, which obviously were driven by the acquisition of GapFish that I mentioned in the previous slide. Thirdly, you can also see on this slide that our total cash position was EUR 51.7 million at the end of the quarter. Finally, for me, on the next slide, we have our financial targets. Just to repeat them, on the top, we have the sales growth target. We are aiming to maintain an annual organic sales growth of at least 20%. For the first half of the year, we are clearly in line with this target, and even if the comparables for the second half of the year are more challenging, we feel very comfortable achieving these targets for the full year as well. Secondly, in the middle, we have the profitability target of achieving at least 20% EBITDA margin in the medium term. As you can see from the previous slide, we feel very comfortable also with this target and based on the great momentum during the first half of the year with good underlying improvements. Then thirdly, on this slide, our dividend policy, and we are not intending to pay any dividends in the short term, but are looking to reinvest any available funds into our business, both through organic initiatives, but also through acquisition. That concludes the financial section. Back to you, Tom, for the summary. Great. Thanks, Joakim. If you look at the page 19 summary slide, overall we feel we've had a very good H1. Now why is that? Why do we think that is, at least? I think we're operating in a very large market structural shift. We haven't talked too much about the digitization, but you'll remember the kind of disproportionate growth from our tech-enabled customers and partners. Really there is a very substantial and structural shift happening in our industry, and it's happening now. It's been happening for a while. We think it will continue to occur, and therefore it's going to benefit digital players like ourselves. We think we're very well positioned at the center of the value chain. You saw the graphic at the beginning in terms of our platform aggregating supply and demand, each to the benefit of the other. We think that's a really, really good place to be, and the right place to be to capitalize on these market dynamics. We've got a very scalable software platform as demonstrated in our financials. Of course, as the underlying customer base is both growing and loyal. We think we've got a very strong track record of organic sales growth and the margin expansion that comes with that. Then most importantly, and this is really looking a little bit to H2, we think we're very well positioned, continue to think we're very well positioned to harvest these multiple growth levers, be they organic or inorganic. As a result of which I am very optimistic and confident about H2 as well. With that, I'm going to pause, and Emily, pass it back to you to moderate the questions, please. Thank you, Tom. If you would like to ask a question, you may do so now by pressing star followed by one on your telephone keypad. If you change your mind, please press star followed by two to withdraw your question. When preparing to ask your question, please ensure that your line is unmuted locally. Our first question today comes from Predrag Savinovic from Carnegie. Your line is now open. Thank you very much, operator. Good morning, all. Very encouraging numbers today. My first question is on the growth in the quarter. It's obviously outstanding. Given your H1 performance now you'll clearly exceed your financial targets for the year. Trying to think of H2 momentum there. Comps are getting tougher. Could you say something on the demand situation now entering H2 compared to the first half? Oh, hey, nice to chat again. I would say two things. I would say our fundamental business momentum and trajectory as I look into the future is very good indeed, as it is at the moment. As you said, to use your words, the comps are getting, I think tougher was the word you used. Really those are the two things that are occurring. Very good, continued, solid, very positive momentum, the comps are getting tougher. The other thing I would say what's unusual, and has been for about a year, is the seasonality predictions are more difficult than they have been in previous years because of COVID, right? In the past we've had very clear seasonality between quarters driven by festivities and shopping events, and holidays largely. That has become a little bit more difficult to predict now with the COVID situation and different regions coming out of, or in some cases, unfortunately, going back into COVID at different times. Does that help? That's very clear, Tom. Thank you. Another question also on the growth and where it comes from. It seems tech-enabled is boosting growth particularly, and it sounds based on your commentary that it's mostly existing customers deploying Cint more. So basically share of wallet gains. If yes, can you talk about which customers do you see this demand in particularly? Also how far you think you've penetrated calling your main customer accounts here? If I may, just a correction please. The tech-enabled growth is both from new customers where we are getting a lot of traction with new, especially tech-enabled customers in the U.S. I mentioned that on one of the regional slides, and with share of wallet. It's both actually. It's a combination of new customers in the tech-enabled and with existing ones. It's not just share of wallet gains. To me that's a really encouraging trend because it says that we're not just attractive to people who are with us, but also to people who are not yet on the platform. In terms of runway, it's a similar answer to what I said in the preamble, three and a half billion. The tech-enabled section of that is the smallest but the fastest-growing. Even with our EUR 100+ million turnover, we've got a ton of runway still to go after. Okay. Thanks for that clarification. One final just on GapFish. The way I've understood it is, you have a lot of demand in that region. You haven't really had respondents to fill this gap. GapFish now solves this. Based on this, can you say anything on synergy effects you expect both on the top line and further down the funnel? Just to clarify what we mean by synergies. I don't expect there to be cost synergies. That's not why we did the deal. I do expect there to be demand-side synergies. We've already had, when we announced the deal and told our existing customers elsewhere, many of them said in the DACH region, "Hey, we want access to GapFish through your platform." That's one of the demand-side synergies that we're very excited about and it was one of the reasons that we wanted to do the deal. We're working to enable that. The other part of it is existing GapFish customers. One of them is REWE, the massive German supermarket and hypermarket chain saying, "Oh, great. Now, I've been buying GapFish, but I want to do research in some other countries. Can we have access to Cint, please?" It's going to work both ways, particularly on the demand side. I think that's demand-side synergies, but I wouldn't expect any cost side synergies really, because that's not why we did the deal and there's many more benefits to be gained by making sure we optimize demand-side synergies. If that makes sense. Okay. Thank you very much, guys. Great. Thanks. Our next question today comes from Daniel Thorsson from ABG. Daniel, please go ahead. Yes. Hi, guys. Thank you very much. Firstly, clearly the 97% returning client figure you report is very strong. Can you say something on the churn and upselling in your two customer groups? What levels are you currently seeing right now, and ultimately the net retention that leads to, just to get a feeling? Joakim, do you want to kick off on that? Yeah. The way we described it, the way we discussed this is kind of around those numbers that we have put into the report as well. I think we are seeing kind of the same pattern in both the customer segments. Well, the key takeaway is it's very high loyalty and they stay very long with us as well, which is indicated by the number of years their customers stay. I think that is kind of the key numbers that we talk about here. The churn remains low, or? Yes, the churn does remain low. We define it as a customer who has made at least one purchase per quarter. That's kind of our measure of retention. As Joakim said, the data is not different between the two segments that we talk about. Okay. That's clear. Second question on APAC. The growth in APAC is still quite small for you right now, but is that primarily growing with existing and new clients in APAC, or also by growing with your Americas and EMEA clients into the APAC region? The way we report revenue is by invoicing point. If a U.S. client buys APAC supply, that is counted as U.S. revenue. The numbers you see here is purely APAC-based clients. Okay. That's very clear. The question for Joakim then. Cash flow. You explained why you have a negative working capital here for the first half of 2021 versus the release in 2020. If you adjust for the negative effects for the COVID-19 related loans, is this a normal pattern that you see right now or any movements that we should be aware of in this negative figure? As highlighted on that slide, I'd say that in June, we built up quite a lot of AR because we had a super strong month of invoicing. That kind of added negatively to this. As you said, the US PPP loan as well added negatively to the net working capital. I think that we are seeing a trend whereby AR is building up as we grow. We have had quite a few IPO-related changes to working capital in this year. I think that we are moving into kind of more normal situation on working capital. I think this should improve going forward. Okay. Excellent. Final question related to GapFish and acquisitions. How many more potential GapFish companies are there out there in other regions? Is it hard to find those particularly well-fitted targets, or are there lots of them? I think there's loads. As we've said in the past, the supply landscape is to a large extent very fragmented. That provides for us a very good hunting ground, I would say. As you know, acquisition is not just about fitting the criteria, it's also about the human side and doing the deal and pricing expectations, everything else. I think as I've said in the past, I think we want to do a small number, a small handful every year. I think we feel confident we'll be able to deliver that. We're not going to become a panel company. We're not going to do dozens and dozens of them. Even if there were, we're going to pick the right ones that make sense for us, both strategically and financially. There's plenty to go after. Excellent. Thank you very much. Thanks, Daniel. Our next question comes from Viktor Högberg from Danske Bank. Victor, please go ahead. Hi. Good morning. Just digging into your comments on H2 and the more challenging comps, if you could add a bit more color on it. You say you're comfortable with delivering in line with the targets, the targets are quite wide-reaching with growth implied at above 20% growth. I assume that you're not implying that you're going to come in with a full-year growth close to 20%, you've been comfortably above it now in H1, but could you help us put some more color onto what to expect, what kind of levels are reasonable in H2, especially given that SurveyMonkey and Qualtrics have guided for full-year growth, which is not really implying a slowdown in H2. If you could help us with the specific levels or more specifically with the levels, would be great. Our board's decided on annual guidance. I would say fundamental or underlying business momentum continues to be very positive. I see no reason why that would slow down at all in H2. What is changing is the comps. Okay. Got it. Could you help us a bit on the gross margin? It ticked up close to a percentage point over last year. The drivers for that. Us outsiders have very limited insight into the drivers into a given quarter. If you could help us with understanding the drivers and what to expect for the coming periods as well. Yeah. It's mostly a revenue line mix. Because as you will remember, the different revenue types have very different gross margin profiles. We've got the Open Exchange at crudely 50%. We've got the Private Marketplace at effectively 100%, and then the license fees at obviously very close to 100%. A lot of it is driven by revenue mix. As I think we've said in the past, we do expect to see ±1 percentage point or maybe even 2 percentage points swings during or between quarters for that reason. Beyond that, Joakim Andersson, is there anything else that we can point Viktor to? Yeah. Well, it's from kind of organic and acquired. GapFish is operating on a higher gross margin. For this quarter that added 0.25 percentage points to the gross margin. The kind of underlying organic gross margin was rather 51.6%. Good point. point. The M&A piece. Yeah, that's a good point. Okay. Last question here. If you could help us a bit more into the drivers for the organic growth, 48% B2B customers, if we adjust for some 300 maybe added from GapFish, seems like a single-digit growth in number of B2B customers year-over-year, but the spend per B2B customer was up some 20%. A bit more comments on what to expect in the relations of these two going forward as well. I understand it's broad-based, but any comments will help here. Yeah. What I would say is I would not attribute too much revenue growth in quarter to any new customers that we've secured. The reason being that typically new customers join us, and then give us some sort of test money, if you like, or test project. Generally speaking, they're happy, and then they increase their spend over the next three or four quarters until they kind of get to a much more decent level. I think it's hard to do a direct correlation between new customers and in-quarter growth. What I find really encouraging is the. I mean, the new customers are basically one of the foundations of future growth, right? That's the bit that I'm particularly pleased by, that we've got in H1, partly through M&A and partly through our own sales team efforts. We've got almost 500 new customers, which are gonna stand us in very good stead in the quarters to come. Finally on that one, would you say, you might have said it, but I might have missed it, that you're on track on reaching the 500 added customers underlying organically year-over-year? Yeah, definitely. full year 2021. Yeah, definitely. Thank you very much. Thanks, Viktor. As a reminder, to ask your question today, please press star followed by one on your telephone keypad now. Our next question comes from [Erik Lindtorn] from Nordea. Erik, please proceed. Yes. Hi, Tom. Hi, Joakim. Just following up on a question on M&A here. Having done the GapFish acquisition, how do you see the current M&A outlook? Should we sort of expect more M&A now already in the short to medium term? Also, have you seen any changes in the competition for targets? Thank you. Hi, Erik. What I would say is on the competition for targets, what I would say is that our valuation multiples that are now public have, in some cases, increased expectations among the people we're talking to, right? Because there aren't that many public companies in our space. Therefore, kind of people latch on to the multiples that are out there. In some ways we've become our own competitor in a sense, right? Certainly on pricing multiples. With discussion and dialogue and a lot of these businesses as you know, are founder owned and led and for them, oftentimes it's not just money, it's also about finding a good home, both for themselves and their teams and buying into the strategic vision and the direction and all that really important stuff as well. It's not always about money. I think that's good. In terms of other people who are in these processes, it's the usual suspects. There's nobody dramatically new that we've come across, not in the current kind of discussions that we are having. The first part of your question was about kind of should we expect more in the short to medium term? I mean, the honest answer is, I don't know about short-term because there's a lot of variables that go into signing a deal. In the medium term, I would say yes, absolutely, because it is part of our strategy. We do have a good pipeline. We do have some fairly advanced discussions. But again, it's hard to predict whether that will probably not necessarily land in the short term, but absolutely in the medium term. Does that help? Yeah, that's very helpful. You have talked extensively about this already, but is it possible to say anything about the start of Q3 here? Is it fair to assume an organic growth below 20% for H2? Is that what we should interpret it as? In my opinion, no. I wouldn't assume below 20%. No, definitely not. Absolutely not. Fundamental momentum is really good. It is the comps, right, that are getting a little bit more challenging, I think was the word that Predrag used. Fundamental business momentum continues to be very strong. Perfect. A final, a bit technical question here, but the revaluation of EUR 1 million, the FX impact on revaluing balance sheet items, is there any reason for why this is not adjusted for in adjusted EBITDA? Do you expect this to impact coming quarters as well in any way? Thank you. Joakim? Yeah. Whether to include it or not in the adjustment, that's obviously a question that is people and companies deal with that in different ways. We took the decision to make it clear that the adjusted EBITDA for us only takes into consideration non-recurring item or item affecting comparability, which again, this quarter was on the US PPP loan and the transaction cost. We wanted to make clear to you that there has been a quite big effect in our P&L this quarter. If it's going to happen, yes, FX goes up and down, so there is a revaluation each month and each quarter. As I said, Q1 and Q2, that amount has been quite material. Again, that's why we wanted to highlight it. It depends really on FX movement in the future. It's difficult to predict. Perfect. Thank you. Thanks, Erik. Thank you. We currently have no further questions registered, so I'll now hand back to Tom for any closing comments. Cool. Good. Thanks, Emily. Thank you all for your time and interest and questions. We do feel good about H1. We feel also good about what's coming and what we can do in H2. Look forward to speaking with you all again in due course. Many thanks indeed. Bye-bye.