Great. Thank you very much. Good morning, everybody. Pleasure to be here once again to talk about our Q3 results. If we start on slide two, as has just been said, you've got the same, I was going to say same faces. It's not, it's the same voices, Joakim and myself, in terms of company attendees. Then a agenda that I guess you'll be becoming familiar with. Short company overview. I am keen to do a recap on that, then Q3 highlights, financial update, which is more detailed, and then a summary and a wrap-up. If we go straight into the company overview, if we move on to the next slide, please. That'd be great. Perfect. Thank you. We are the global software leader in market research or connected consumer insight. That's really us in a nutshell. What we are doing is effectively digitizing what is largely still an analog industry. Very large customer base. We're now at over 3,000, as you can see there, bottom left, with a high degree of stickiness. It's the pie chart you'll be familiar with on the bottom right-hand side, where we've got a very substantial part of our revenue measured by net sales from customers that have been with us since 2016 or even prior to that. Underlying market, as I said before, absolutely no concern about that. We've got plenty of room to grow for many years to come. We are a cloud-based B2B software platform, which is hugely important, because it allows us to be very digital, very quick, very API, and drive that kind of value proposition for our customers. Track record of organic growth, pretty good. You can see the blue bubbles there, comfortably in the mid to upper 20s, even nudging 30 I think they're now, on an LTM basis, which is great. As you would expect, strong commitment and significant investment in data security, privacy, as you would expect for a company like ours dealing with consumer data. Very global. It's a theme that you'll keep hearing from us time and time again. Yes, we've got a strong Swedish DNA but ultimately, our customers and our respondents are spread throughout the world. If we move to the next slide, please. This is kind of a representation of our Insight Platform. We've got us centered in the middle, and really what we do is we connect our B2B customers on the left-hand side with consumers on the right-hand side who have agreed and opted in to answer questions. That's what we do in a nutshell. We do that in a very automated, very digital way, and therefore provide significant savings of time and money to our customers. We've talked about global. You can see there the pie charts at the bottom representing customer base, workforce, and supply. Very much, again, a global business. We think that's an increasingly important part of our value prop as brands, ultimately, who are paying for all of this increasingly want to do multi-country, regional, or even global work. On the next slide, please, is a short recap of our strategy. We've got increasing share of wallet with established customers, very important for us, and you'll see on the next couple of slides just how they are still growing with us. Tech-enabled the fastest-growing segment for us and has been for a while, and we expect that to continue. Very important. That's sort of SurveyMonkey, Zappi, Qualtrics, and others. New customer acquisition, absolutely important. We try and add about 500 or so new customers a year. You'll see our progress on that in year-to-date figures. Obviously, we can't sit still. Software platform is dynamic. It needs to constantly evolve and change and get improved, and we do. As we've talked in the past, M&A is a really important part of our value prop, and we've made some really good progress over the last few months since we last spoken on that as well. If we just move on to the Q3 highlights on page eight. I think one of you wrote earlier today, "More of the same," and I agree with that, and I take that as a compliment, actually. It is a little bit more of the same but in a good way, or we think at least in a good way. We've got our net sales increased overall by 44% and then adjusted for currencies, organic is comfortably in the mid-30s at 34%, which I think is pretty good. In terms of operating leverage, we think that we're continuing to demonstrate that. We've got our adjusted EBITDA of SEK 6.6 million, and that sort of translates to a margin of 19.4%. If you exclude the currency impact there, it's still nevertheless a very healthy 17.2%. We've had this pattern in the past. This is one I'm very pleased about. It's not one region or one type of customer that's really driving our growth. We don't think we're a one-trick pony at all. We've got very good growth across all three of our regions as we think about them, and equally across both the tech-enabled and more established customer segments. We'll go into that in a little bit more detail just in a second. Obviously, as you would expect, big focus from us on the integration of GapFish, and that's going really well. That's going according to plan. Kind of thinking a little bit more ahead on the M&A side of things, we're making really good progress on our strategy. Nothing specific, sadly, I can talk about today, but we are making very good progress on that. If we move to the next slide, we're going to talk a little bit in more detail, do a bit of a deep dive on our sources of growth. You can see here the slide that you're becoming familiar with. On the left-hand side is the customer segment. You can really see that the pattern, this is a bit more of the same. The pattern that we've seen in the past is continuing. We've got very strong growth from both segments. As we'd expect, it's the tech-enabled guys who are growing a little bit faster, and their three-year CAGR is at 52, which is quite impressive I think, which is great. Clicking on to the right-hand side, we've got sort of, again, very solid growth from all the regions. EMEA, in Q3, done particularly well, which is great to see. Nevertheless, if you take a slightly longer-term view, again, it's the Americas who've been contributing a lot of our growth. Taking a step back, both the Americas and the tech-enabled segments have been growing at over 50% annually on a CAGR basis since 2018. I would say, that's a pattern we actually expect to continue, or a trend we expect to continue into the future as well, one of the reasons we're going to be planning on increasing our investment in the U.S. as well. I think, as I mentioned last time around, there's quite an overlap between the U.S. as a geography and the tech-enabled segment as kind of where they focus as well. That's the kind of a double benefit for us, if you like. Moving on to the next slide, in terms of regional development, very strong still in the U.S. We've got the quarter-on-quarter at 40%, where if we unpeel that a little bit, what I'm really excited by there is the enterprise offering. As you'll recall, that's kind of one of the core pillars that we have, and we've been focusing on the U.S. for the last couple of quarters. We're starting to get some really good traction in that. We announced the NPD enterprise partnership a couple of months back. That's, I hope, to be the first of several. That's a little bit of an indication of a hope of things to come, because historically, our enterprise focus has been more in EMEA. As I said, we've been focusing in addition also on the Americas for that. EMEA, 53%, doing phenomenally well. Had a really, really good quarter. That's obviously a little bit driven by GapFish. Nevertheless, excluding GapFish, they were at almost 30%, which is very respectful indeed. We've got some very good progress with some key customers in the Nordics. We're starting to see the benefit of GapFish in DACH and elsewhere. We are starting to make some investment. It's more than a tip of toe in the water, actually get some people on the ground in the Middle East and Africa as well, where we're seeing quite a lot of customer demand. We obviously use our platform to drive not just our M&A strategy as we've talked about in the past, but also our kind of core business and new business development activities as well. APAC growing very nicely. Still very much a focus on ANZ for us and Japan, and seeing nice progress, albeit on slightly lower numbers for the time being, at least, there in absolute terms. Percent growth, really positive. If we flip to the next slide and look at our operational KPIs, really nice progress there on B2B customers. Kind of nudging the 3,000 there, which is great. Many of those, actually, I would say, have been in the tech-enabled/Americas in terms of segment and geography respectively, which is great. If we go over to the connected consumers, a bit more of a flat pattern there. Not something I worry about at all, because as you guys know, we're a marketplace, and there it's about growing supply and demand more or less in sync. We've had years where we've had big jumps in supply, as in 2018 to 2019, and periods of less kind of accelerated growth. Also a lot about quality of supply rather than just absolute numbers as well, which is why the GapFish acquisition, in terms of 500,000 panelists, in absolute numbers doesn't sound like a lot, but commercially very valuable indeed. Finally, of course, we see very nice progress on the completed surveys, which is kind of the combination, if you like, of B2B customers on the demand side, the connected consumers on the supply side, the completed survey is a measure of throughput through our platform. Net-net, I would say yes, a bit more of the same, but in a good way, and we're pleased with our Q3. I'm going to hand over to Joakim to take us through the financial update in more detail. Perfect. Thank you, Tom. More of the same. We are reusing some of the slides from last quarter, so you will recognize these on the financial section as well. Let's move to page 13, the overview page. I'll try to walk you through, as usual, left to right. If you start on the left-hand side, we have the net sales development. As Tom said, we reported another quarter with a 45% growth year-on-year. We grew from SEK 23.7 million in Q3 last year to SEK 34.3 million this quarter. The underlying organic growth on constant currency basis was 34%. Our gross profit grew from SEK 12 million to SEK 17.5 million this quarter, or by 45%, as a result of the strong revenue growth and a more or less constant gross margin year-on-year. Lastly, to your right, you have the development of our profitability. The adjusted EBITDA grew by 74% from SEK 3.8 million last year to SEK 6.6 million this year, and the margin was 19.4%, which is an increase by 3.2 percentage points from last year. To be noted here is though that we have, as also has been the case, if you remember, in the previous quarters, we have had a quite material impact on the operating expenses coming from the revaluation of operating balance sheet items. This quarter, it amounted to a reduction of the expenses of SEK 754,000, and it added 2.2 percentage points to the margin. Consequently, without the FX effect, the adjusted EBITDA margin would have been 17.2% this quarter. If you move to page 14, we have our more detailed P&L view. If I should highlight two items on the P&L this quarter, I would again talk to our increased efficiency of scalability. During the quarter, we had SEK 10.8 million of total operating expenses, including the positive revaluation effect. If you take a look at the third column in the table, you can see that in the red dotted box, we have improved the rolling 12 months OpEx to sales ratio to 33.4% this quarter. This translates into continued long-term improvement of our adjusted EBITDA, and we have now delivered an 18.2% margin over the last 12 months, as you can see on the bottom half of the page. Let's turn over to the balance sheet highlights on page 15. We have a few comments on this slide, but the main takeaways are really that we don't see any material changes from last quarter, and that we have maintained a very strong balance sheet over the quarter and ended in a net cash position of almost EUR 46 million, as shown on the bottom part of the table. Next page, please. This is the final page on the financials, and it's our cash flow highlights. Total operating cash flow in the quarter amounted to EUR 4.7 million. More specifically, the investing activities amounted to EUR 4.9 million, highlighted in the cash flow statement. That includes both our ordinary investments into our platform, but it also includes a closing adjustment payment of EUR 2 million made in relation to the GapFish acquisition this quarter. Again, highlighted on this page, we have the total cash balance of EUR 51.1 million. Let's move to the next page, please, our financial targets. You have heard this a few times before, on the top, we have the sales growth target, and we are aiming to maintain an annual organic sales growth of at least 20%. As you've seen for the first nine months of the year, we are clearly beating this target, and we expect to deliver a strong full year 2021. Secondly, in the middle, we have the profitability target, and we are looking to achieve at least 20% EBITDA margin in the medium term. As you have seen on the previous slide and the long-term trajectory, we feel very good about this one, and we are definitely on track. Thirdly, our dividend policy. There have not been any changes to our dividend policy, and we are as such not intending to pay any dividends in the short term. That's a conclusion on the financial section. Back to you, Tom, again. Perfect. Thank you. If we just go to the final slide, the summary slide that you will have seen before. If we kind of zoom back a bit and think about our first three quarters overall, I think we're fairly pleased. Can always do better, of course, but we're fairly pleased with what we've delivered so far. Really, we think this ties nicely back to the investment highlights, I think as we positioned them during our go public process. Which is, very large underlying market with structural shifts that we see absolutely as the case still today as it was then, and in fact, enhanced, if you like, by the COVID situation around the world. We think we're really well-positioned at the center of the value chain in between the supply and demand to take advantage of these market dynamics. We do think we've got a very scalable platform, and the sort of underlying very loyal customer base, which is encouraging to see. We continue with our organic sales growth track record and the margin expansion. We talked about that in the IPO, and I think we're pretty pleased at having been able to deliver that for the first 12 quarters, and plan to continue doing so, by the way. Sort of looking into the future, we continue to think that we're very well-positioned to benefit from the multiple growth levers. We've got the Americas as a geography. We've got the tech-enabled sector. We've got enterprise. Then we've got M&A, of course, as well, as the sort of the key themes that we not only think about, but are focusing on operationally day to day, week to week, month to month, to make sure we continue on our currently, what we think is a very positive trajectory. With that, I'm going to pause the talking from our side and open the floor for questions. Thank you. Thank you. If you would like to ask a question, please press zero one on your telephone keypad. If you need to withdraw your question, you may do so by pressing zero two to cancel. There will now be a brief pause while questions are being registered. The first question comes from Predrag Savinovic from Carnegie. Please go ahead. Your line is open. Thank you very much, operator. Hi, Tom and Joakim, and thanks for taking my questions. The first one is on the growth. You stated in the report here today that you expect to deliver substantial on the financial targets. This is of course clear when we look at the nine-month performance. Taking these comments into consideration for the fourth quarter, what could you say about that? Also for the 2022 comment where you mentioned that you expect this trading momentum will continue. Could you elaborate a bit on these statements? Hi, Predrag. Good morning. Thanks for taking the time. Yes, I'm happy to elaborate a little bit, but I would like to say I'm going to steer away from specific guidance on a quarterly basis. Our board decided on annual guidance, and I think given the way our business model works, that I think is the appropriate one. We've had three very good quarters, and I would say we've now had 25 or so trading days. We work weekends as well, so 25 trading days in October, and we see a really continuation of the very good momentum that we've had, or that we have, which is great. We're also now, as we approach the end of October, in a position to start looking a little bit into 2022, which is why I wrote what I wrote in the letter, in the statement. It's early days, but I see absolutely no reason to change our view of our trading momentum. Net-net, I think we're going to comfortably or significantly exceed our guidance for the full year, definitely. Very confident being able to say that. The only thing I would say is, as we've said in the past, is the comps for Q4, the direct comps are going to get a little bit more challenging. That's the only, if you like, mathematical word of caution I would say. From a kind of commercial, operational trading point of view, it continues to look good. Okay. Thank you. On the gross margin, what has affected it from Q3 last year and now, and also sequentially from Q2 into Q3? I'm thinking there might be some positives in terms of platform sales at a higher gross margin, while there could also higher cost or respondents or panels, for example. Can you talk a little bit about what has affected? Yeah, sure. I'll tease out a couple of themes, and then I'll get Joakim to give a proper answer. In terms of themes, you're right. We've got GapFish giving us a little bit of tailwind on that, on the gross margin side. Also, revenue mix is good on that side of things. On the kind of headwind side, we have seen something, and continue to see something of a supply squeeze, so shortage of respondents. It's not a Cint problem, I would say. It's an industry issue. We, Cint, we've been at a number of conferences now that things have opened up a little bit, and I have to say, on every U.S. conference that we've been to, supply has been a major topic of discussion. I think partly it's been, if we take a step back, if you're one of our supply partners, then they had to dial back, or they did dial back during the COVID years a lot on recruitment. That's obviously impacted the overall supply availability and they're now starting to reinvest, but it'll take a couple of quarters to readjust itself. I think that's definitely a factor now. I would though say that a big chunk of our supply agreements are on a rev share basis and therefore it doesn't necessarily impact, but nevertheless some are on fixed agreements, and so we do have a bit of a headwind on that. The final point I think is, I hope is a one-off. We identified quite a chunky incidence of fraud from, I think it was six, five or six supply partners during Q3, which we've obviously now kind of stopped and are rectifying, are in the process of having some clawback negotiations. It does happen from time to time. This one looks a little bit more organized than the more ad hoc stuff we generally see. That has also impacted GM a little bit. Those, I would say, are the overall trends. Joakim, is there anything you'd like to think it would be helpful to share with Predrag on that in more detail? No. Actually, I think you did well, Tom. Nothing more. We are in kind of the range where we think we should be, and then it is, as we said before, kind of maybe too simple answer, but it's coming. We will go up and down a little bit within that range. It's good nuances from you, Tom. Thank you very much. Yeah, I know, for sure. That's a couple of great comments there. It also leads to a follow-up question again, I think on the supply squeeze and demand for surveys, sounds like it's another high level. Yeah. It sounds like the demand is higher than you currently are used to seeing relative to your connected consumer base. How can you bridge this gap, do you think? Is that done through acquisitions potentially, like the one in GapFish, where you also mentioned you had almost an overdemand versus the supply you had on acquiring that unit? Look, I think if we take a step back and take a multi-year view, supply squeezes come and go in the sector, right? There's always an imbalance between supply and demand on one side or the other. Because we're a marketplace, we see that quite quickly in terms of the throughput through our platform. I don't worry about it at all because it's not a perfect ecosystem, but it's a well-functioning ecosystem, the one that we're in, because the supply partners we talk to are acutely aware of what they see as leaving money on the table, right? If they can provide the industry, including ourselves, with more respondents, then we'd be able to monetize them on their behalf. It's quite a transparent industry in terms of metrics, which is great because what it then does, it allows the supply partners to kind of see this early on and reinvest, and they are. I can tell you we've had probably seven or eight discussions with CEOs and owners of supply partners over the last couple of months, and they all are doing whatever they can to open up genuine supply, not kind of dodgy stuff, but genuine supply. They're working on that a lot. I do think it will redress itself. That's why I don't worry about it that much. We look at it very carefully, and of course, within the overall kind of connected consumer KPI that we share, there's lots of kind of sub-KPIs that we look at in more detail by region, by type, and so on. It's not something to worry about. Supply squeezes come and go, and it will rectify itself. Now, structurally, you're right that this is a sort of reinforcement of our view that M&A is one of the growth levers that we should continue to pull, and we will do so, absolutely. In terms of the short term, I'm not worried there. Mm-hmm. Okay. Just one final question here. You mentioned that for most of your regions, sales growth is also driven by strong customer intake. Can you say how much of the growth is explained by customer intake? What kind of customers you have onboard, and also their size, because this is obviously quite interesting for the coming quarters that this can support this momentum you see even further. Yeah. We don't split it out in terms of kind of organic versus new customer growth. What I would say is, I think year to date, we've got about 500 new ones, I think now, which is kind of our rule. It's not a target, it's a rule of thumb that we like to think about for the year. I think we're well on track now. That's obviously with GapFish, and they had about 240, 250. Q4 for us is a very strong kind of new biz hunting time. Very confident we'll be able to kind of have enough new logos to deliver demand into 2022 and beyond. We don't break it down to that level of detail. Okay. Thank you very much, guys. Thanks, Predrag. Thank you. The next question comes from Viktor Högberg from Danske Bank. Please go ahead, your line is open. Yeah, hi. Good morning. You say that you continue to take share of wallet with the established segment. Could you just help us with what kind of level you think you are at currently, i.e., what's the potential runway from here? It varies enormously by customer. That's not an evasive question, I believe that. If I take on the one extreme, Kantar, I would say our share of wallet in terms of money we make from each of their completes is virtually 100%, because we've got an enterprise arrangement with them. They use our technology to run their qualitative surveys, and we make money on every single complete. That's on the one hand, and then on the other, there are some sort of traditional market research firms where we just supply sample. We don't have a technology or enterprise arrangement with them where it's much, much lower. That's one nuance, whether we have an enterprise arrangement or not. The other nuance is what their strategy is. Some traditional guys are very focused on one particular region or one segment. They might do automotive U.S., or they might do automotive Germany, or they might do pharma U.K. or something like that. If it's a very specific segment, we may or may not have that kind of profile well represented in our platform. If we don't, then we're going to have an extremely low share of wallet. Conversely, if it's a generalist firm that does a lot of work for example, FMCG on a multi-country or global basis, then we're extremely well-placed to help them out. I would say it really depends. To give you comfort on runway, I would go back to the comment I made earlier, which is, we're a SEK 120-something million business, and the directly addressable market we have is over SEK 3.5 billion. Even if you divide that into tech-enabled and established, there's a ton of runway left. Really don't worry about that at all. Does that help, Viktor? Okay. Yeah, sure. Absolutely. If you could help maybe in another comment you have in the report on the EMEA segment or region, you said that there's an ongoing shift to insourcing. Just help us understand what you mean by this and what it means or not means for you. Yeah. Insourcing is where market research firms start using their own panels. On the one hand, that means they might be using our marketplace a little bit less, but what it also means is that their appetite for using our technology to run all of their projects, including managing their in-house panels, increases. That's the shift that we see, and therefore, that's a really good trend for our enterprise solutions, effectively. Okay. That is good to hear. On the consumers connected to the platform, up year-over-year, of course, but sequentially it's down from 155 million in Q2 to 145 now. What is the reason for that? Does it have anything to do with the fraud, which you mentioned earlier, with a couple of supply partners, or what's the reason and what to expect going forward? As I said, we keep a very close eye on it, but I don't worry about what looks like a decline. It's about medium term, trying to keep supply and demand in sync. We think that even with our aggressive growth targets going forward, we will manage to keep the supply in sync. I think there are two factors in there. One is, I think the fraud element certainly has not helped, and the second is the supply shortage in the U.S. doesn't help either. I think those are two time-specific factors that have contributed to that. As I said, overall as a marketplace, we need to look at the medium term. Secondly, it's also about quality not quantity, or relevance rather than quantity, I should say, which is why GapFish at a high level was only, in inverted commas, 500,000 in consumers. Those 500,000 are very valuable to us, because they're in DACH, and that's an important region for us as we talked about in the past. Does that help? Yeah, sure. It's going to fluctuate, but just because we have a limited time series, just two years back or something like that, is it common that it fluctuates on a quarterly basis as well? Up year-over-year, but maybe a bit up or down on the quarters. I would need to check. That we've seen historically. I would need to check, and we can check and give you a very specific answer. My gut feeling is yes, absolutely, it does fluctuate. Yes. Okay. Let's move on to costs. Would you say that you're back now to a more normal cost run rate, with the Q3 figures? You're mentioning that the world is normalizing a bit with a bit more fairs and meeting customers face-to-face and so on. Just help us on what to expect on costs, if this is a normal level to grow from or if you still have something to do in order to be at a normal level. Joakim, I'll pass on to you in a second. I would say, we continue our responsible but still ongoing hiring, right? Keeping a close eye on the operating leverage we've got. We're not going crazy on the hiring at all. We are continuing with that. The one thing I think that is still below kind of normal run rate, if there is such a thing, is T&E, right? We are starting to open up and are starting to do conferences and meet clients face-to-face, but it's still, I would say, at a fraction of what it was pre all this situation. Joakim, is there anything else you'd like to highlight on the cost? No, I think that's right. Nothing coming to that. We said a few quarters ago, I think already that kind of catching up on the COVID situation where we scaled down quite rapidly, that's been done. From that point of view, I think we are in a good shape and have been for a while. I think that going forward and what we see now go forward is that you should expect OpEx to increase, but you should also expect the scalability to be as evident as we are now showing in this report. Top line growing by more than 20%, OpEx not growing by more than 20% in very kind of rough terms. That I think, but apart from T&E, I don't think there's any kind of big catching up OpEx to think about. Okay, great. The final one on the comps that you mentioned now in Q4, if you could help us with splitting out the comps for the two customer groups you have, the tech-enabled and established. If there's anything in particular to think about when thinking about the potential growth in the fourth quarter, given the comments you had in connection with the Q2 report and also the strong growth now in Q3, what that will potentially mean for Q4 with regards to the costs? I think the tech-enabled continues to outgrow the more established, and I think that's going to absolutely continue, not just in Q4 but beyond. Definitely. That's probably the main trend. The second one is, I think, while EMEA had a really good quarter Q3 on a year-to-year basis, I think the Americas continue to do very well for Q4. Now, having said that, I'm sitting here almost at the end of October. Seasonality is really difficult to predict because of this COVID, right? Plus, last year, there was the election year and so on. This has really thrown our phasing of the year in terms of looking forward a little bit into disarray in the sense that it's very hard to predict. We get projects that are moved, projects that are canceled. I'm talking about big projects that are suddenly getting reactivated, and it's really hard to predict. At the moment, I think we are in a settling down period, hopefully. It definitely hasn't settled yet. Okay. On that, with projects getting shifted in time, did you see any projects getting shifted from October into September, i.e., added to Q3 and deducted from the Q4? A few have been. Yes, absolutely. Yes, some got shifted from. It's obviously the client who decide. It's not us who decide. We're just the platform that delivers, right? If the client says, "I want to finish it in September," then our platform kind of delivers that, right? It's not our desire or wish, but that has happened, yes. Okay. Would you be able to quantify it? Joakim, what degree of detail can we get into there? No, I don't think we can, unfortunately. We obviously receive the numbers, but we can't go into those specifics, I'm afraid. Okay. Fair enough. Thank you very much. Thank you. Thank you. The next question comes from Daniel Ovin from Nordea. Please go ahead. Your line is open. Yes. Hello, Tom and Joakim, and congratulations on a well-executed quarter here. I'm wondering a little bit about the very strong trajectory in the market that seems to continue also now and the pandemic-related restrictions are being lifted and perhaps, it seems like you're growing well ahead of your medium-term targets here. Is it fair to say that perhaps even the lifting of restrictions when consumers are changing their habits, that that is driving growth at the moment, or do you think it's more of a structural growth that we could see for years ahead? Perhaps you can have any comment around that. Sure. Hey, Daniel. I think it's both. I think there is both a move from offline to online, and what I mean by that is a lot of the face-to-face research methodologies got stopped overnight, and they are starting up a little bit, focus groups and street interviews. We're not nearly to the same level as they were pre-pandemic, at least not yet. That's one dimension. The other dimension, of course, is that mobile phone access, if you think about it on a global basis, is continuing to spread. That's obviously good for us because the more potentially digitally connected consumers there are, that's a potential target audience for us. I think the macro trends definitely continue to be in our favor and in the favor of the other digital players in our industry. In terms of the other thing, of course, is you mentioned the short term. I would say change and changing environments help us because brands want to know what's going on, right? Right now, with some restrictions getting lifted and certain consumer behaviors starting to change, that's good for us because it raises questions in brands' mind as to what is going on, and therefore, they want to ask questions. Just as going into the pandemic, there were loads of questions, and during the pandemic, there were loads of questions. Now, with certain geographies and regions lifting, it's the same question or different questions, but change helps us because it raises questions in brands' minds. I think there's both a combination of short-term kind of flux in consumer behavior that's good for us. Secondly, there's the continued kind of medium to long-term structural shift that we see continuing as well. The answer is both. Yeah. Okay. Interesting. Also, when you talked about the supply squeeze, would you say that it has impacted your sales in any way? Could you have grown more if it were not for a short supply of respondents? Unfortunately, the answer there is yes. We do see the unmet demand or the unfulfilled completes that are being requested that we can't deliver. Yes, we could have done. Yes. Just for us to understand, can you quantify in any way? Are we talking a few percent here or is it a material impact? No, I don't want to go into that or can't go into that, or Joakim will press them for me. It does reinforce what I said earlier, which is the structural need for M&A or the structural benefit from our point of view of M&A. Okay. Also when I look at the numbers here, we already talked about the connected consumers being down, you can also see that the completes per connected consumer seems to be up as well as sales per completed survey. It seems like it's a strong demand and not being able to really be met, and that's why there's a pressure upwards on these numbers. Is that a fair comment? Yeah. Okay, so that's the main driver of it. Yes. Another question on Asia, because I was looking over 2020, Asia seemed to be growing a bit faster than the other regions, but now it's the opposite. Is there any particular reason why Asia has slowed down, and do you think that could change anytime soon? I don't think they've necessarily slowed down. I think it's the other regions that are accelerating. In Americas, as I said, we've doubled down on investment there for a couple of years, and we're starting to reap the benefits. It was an investment choice by us saying, if we have EUR 1 to invest, where does it go? We've chosen to put the bulk of that in the Americas first and foremost. Partly it's choice, because we're going to get a bigger return on our commercial investment there. Nevertheless, we are still investing into Asia, and they are growing. I don't think there's anything structural going on. I think the other regions are just growing faster. That's by design. Okay. Just the last question here on the enterprise offering. I think you mentioned during the IPO process there was a few percent of sales. Can you say anything more about that at the moment? Has it doubled or is it growing faster than the group on average, or can you give any more data around it just so we get some kind of idea where it might be at the moment? Daniel, I hope what I said was that the license revenue from enterprise deals was a very small percentage, which is a little bit different to say, what does enterprise overall contribute? Because if you think about an enterprise deal, there will be multiple revenue streams that come from that. One is licenses, as you absolutely correctly point out. Secondly is, we typically do minimum spend agreements of the enterprise client buying off our open marketplace. Thirdly, we generally run a private marketplace for those enterprise customers as well, which is they have private arrangements with their key supply partners, and that is then transacted through our platform, and we take a fixed fee, which we account for as a 100% effectively gross margin. I would say the enterprise segment overall is growing really nicely. The license component won't have exploded at all. For the foreseeable future, I think that's going to be a small percentage. As we add NPD and other enterprise clients, the overall importance of enterprise to us will continue to grow. The benefits to our business is beyond just the license fee. It's also because they have minimum spend commitments, and all their project managers use our tech stack, and therefore there's high stickiness and so on. Okay, super. Very good. Thank you very much for answering my questions. Thanks, Daniel. Thanks, Joakim. Thanks, Daniel. Thank you. The final question comes from Daniel Thorsson from ABG. Please go ahead. Yes. Hi guys. I only have one question. There have been quite a lot of good questions already. There aren't too many players in the U.S. in your industry, obviously. Do you assess your closest competitors growing at the same rate as you for the moment, or are you taking some market share? What is the main reason of that in that case? The answer is we don't know. Our closest competitor is Lucid. As I think we've said in the past, we don't know because they're a private company. We don't really know. What we do feel, and it is a feel because we don't have the numbers, is that both we and them are significantly outgrowing the market, which is what we said in the IPO based on the market assessment that we commissioned, and we think that's absolutely still continuing today. Whether we or Lucid are growing faster, don't know because we don't have visibility into their business. Okay, fair enough. Thank you. We have no further questions, so I will pass back to the speakers. Fantastic. Thank you. Listen, thanks everybody for taking out the time. In a relatively short time, putting together some very thoughtful and good questions. Thank you for that. I hope we've done our best to answer those for you and give you good sense. As we said at the beginning, and in fact, I'm plagiarizing from one of you, it has been a quarter of more of the same, but in a good way. We're pleased with our Q3. We look forward to talking to you again in Q4 and in due course. Thank you.