A warm welcome to the presentation of Ework Group's results for the Q4 2024. My name is Karin Schreil, and I'm the CEO and Group Chief Executive of Ework Group. I'm here together with Johanna Eriksson for the first time. Johanna is our new CFO for Ework Group since Q4 last year. Johanna and I will now jointly review the results and developments during the quarter, after which we will open up for questions. We are recording this presentation to be able to share it with stakeholders who are unable to join us during the live broadcast. First of all, Ework Group at a glance. Ework Group is a leading European talent and workforce solutions partner. We are built on a strong foundation as an independent provider of consultants since 25 years. Today, we serve more than 500 clients across public and private sectors such as automotive, manufacturing, banking, telecom, life science, retail, and energy. With a vast talent network of more than 200,000 consultants and 29,000 partner companies, we connect organizations with highly skilled experts in IT and engineering. We support organizations who are navigating rapid growth, transformation, and large-scale projects, delivering both individual consultants and specialized teams to meet complex business needs. At the end of the Q4, we had over 11,500 consultants on assignment, delivering critical expertise from more than 50 countries around the globe. Ework is powered by a dedicated team of around 300 employees, and in 2024, we reported a turnover of just under SEK 16 billion. We operate across six markets with 13 offices in Sweden, Norway, Denmark, Finland, Poland, and Slovakia, and we are headquartered in Stockholm. Ework's business model is designed for scalability and long-term stability. While our sales have historically been generated through margin-based fees on consultant contracts, we are increasingly diversifying our revenue streams. At Ework, we are not just providing workforce solutions; we are shaping the future of work. We are creating value through a powerhouse for total talent solutions. We have a complete offering that is centered around workforce management, from strategic advisory and planning through talent acquisition and talent management to continuous improvement and optimization. This enables us to serve as a full-stop shop and a trusted partner to our clients. Our offering is built around our base services, where find and select consultants is our core. All services can be delivered individually or in combination, just like Lego pieces. This way, we can tailor our proposition and the value we create to individual client needs while ensuring high efficiency, quality, and security in delivery. In addition to the base services, we have a range of add-on services aimed at partners and consultants in our talent network, on the one hand, such as Ework Services and PayExpress, and our clients on the other hand, such as permanent recruitment, background checks, digital platforms, and nearshoring. In 2024, we enhanced our base and add-on offering, and we developed new services for program management and compliance. This was done in response to the new landscape and legislation affecting our clients. In 2025, we will continue and refine our offering while paying particular attention to talent advisory as a way to provide our clients with insights, best practices, and knowledge. We will also take further steps in supporting our clients' cost optimization agendas through a comprehensive suite of nearshoring services. Over to the Q4, where a first highlight is that Ework continued to take steps towards a more profitable growth. We had a positive trend in margin development with an increased contribution from both base and add-on services, despite a challenging market. It is evident that our refined and expanded offering for total talent solutions is enabling us to move up the value chain and strengthen our position with clients. Throughout the fiscal year 2024, Ework achieved 11% growth in framework agreements, including a new strategic framework agreement with Swedish National Grid for the provision of consultants in engineering and IT. We saw an increased interest in nearshoring to Poland among private sector clients, and this was driven by cost focus and geopolitics. At the turn of the year, we were thrilled to announce the next step on our continued geographical expansion to a seventh European market, Belgium. Our work to streamline operations based on our refined service portfolio and best practice ways of working, together with an updated digital platform, has now positioned us for more scalable and profitable growth going forward. Finally, Ework's board of directors has proposed a dividend of SEK 7 per share to our shareholders. Among new business wins in the quarter, one that stands out is our new strategic framework agreement with Swedish National Grid, which was announced at the end of 2024. The agreement covers consulting services with a focus on technical engineering and IT, and it extends over up to eight years, making Ework a long-term comprehensive provider of strategic talent management to Swedish National Grid. The scope of services is based on Ework's flexible talent solutions, where we independently match the client's needs to Ework's consultant network. It also covers Ework's efficient, user-friendly, and relieving administrative services related to the procurement of consultants. The agreement is a key step in Ework's growing focus on engineering, an area with significant growth potential for our company. Through the collaboration with Swedish National Grid, we will contribute to the green transition and secure energy supply, which is well aligned with our ambition to be a sustainable partner and a societal actor. During Q4, we also signed a new framework agreement for IT consulting with the Swedish Police Authority. The agreement means that Ework will continue to provide IT consultants for the Police Authority from north to south across Sweden. The estimated value of the agreement is SEK 200 million per year over a four-year period. I'm very proud of this re-win because it demonstrates our ability to provide qualified IT expertise and meet the expectations of clients with high demands for quality, efficiency, and sustainability. Finally, we also won a new framework agreement with the Swedish Board of Agriculture, which I'm really happy about. Under this agreement, Ework will support the authority with a robust supply of IT consulting services. The framework agreement runs for two years with an option for a two-year extension and has a maximum contract value of SEK 450 million. Looking at the service revenue in the industries that Ework serves, automotive, manufacturing, and life science maintained steady growth, and automotive continued to be the largest industry segment in Q4, surpassing public sector in Q3. Demand remained high for specialists in electrification, autonomy, connectivity, and AI. Banking, finance, and insurance showed steady increase compared to the previous year, partly driven by the new framework agreement with one of our large banking clients. Public sector and telecom remained restrained, declining by 2 and 3 percentage points respectively versus 2023. As seen also during the previous quarter, the share of total service revenue in retail increased compared to last year to 4% from 3%. Looking into the service revenue development in our markets, Poland showed good progress in the Q4 with substantial improvement in service revenue and a continued focus on margins. The volume growth was essentially driven by nearshoring, which in turn has to do with our clients' cost focus. In Sweden, margins improved despite lower net sales, and this was driven by the new operating model, cost efficiency, and growth in higher margin services, such as, for instance, PMO, Program Management Office. Increased volumes of add-on services also contributed positively. Service revenue grew in Denmark, driven by strong demand from large clients and a favorable mix of clients in manufacturing, life science, and banking. We also saw higher demand for matched consultants, especially at mid-sized clients. In Norway, we are gradually reshaping our business to help clients navigate in the new regulatory environment, and we bring our full range of services and solutions to the market. Despite continued market challenges, we saw our margins in Norway improve in the Q4. With new local leadership and an updated service portfolio in place, we are now well positioned for growth and development in the new market landscape. In Finland, both net sales and profitability improved, and we gained larger clients in banking and finance. Manufacturing clients were also an important contribution. Looking into market trends and insights, we see several trends in the global arena that affect our clients and the talent industry in one way or the other. The market landscape is currently challenging to navigate, and it's characterized by general uncertainty, digitalization and globalization, increased cost focus, and changing legislation that affects client purchasing behaviors. Following this, the demand for talent continues to be volatile, as we saw across industries and clients, but the underlying need for expertise, as well as the skills shortage within IT and engineering, remains high. We see an increasing number of clients wanting to acquire talent in the form of work packages, such as project or statement of work, which aligns well with Ework's offering called Project Provider. We also see that clients' cost-cutting initiatives and the geopolitical uncertainty have increased the interest in nearshoring. Here, Ework has a broad suite of services that are delivered with Poland as a backbone. There are many available IT consultants on the market, and we continue to see high numbers of applications for each assignment, especially in skilled areas such as project management. The situation for engineering, however, is slightly different than IT, and here we see an increasing demand, primarily driven by societal trends in green transition and infrastructure development. We are following the development of the Agency Work Act. We welcome the developments that unfolded recently with the ruling in Malmö District Court, which supports our position further that the consultants provided by Ework are not in need of protective legislation. A few words about the geographical expansion, which is driven by our ambition to be a global partner to our clients. This aligns very well with the pool we are currently seeing from existing clients to support them across multiple geographies. During the Q4, we continued to grow and expand our operations in Kosice, Slovakia, where, in addition to our existing clients, we won a new client, Deutsche Telekom T-Systems, earlier in 2024. We continued to capture business needs from our clients, and we explored scenarios for expansion into more countries in the Q4. Building on our establishment in Slovakia, we now have a blueprint in place for organic, sustainable growth with low risk. At the turn of the year, we launched a plan to establish operations in Belgium during the spring 2025. The initial establishment will be in Ghent to meet the growing demand for talent solutions from both existing and new clients, particularly within the manufacturing and automotive industries. In addition, Belgium and the Netherlands together form one of Europe's largest consulting markets, so Ework's presence in Ghent also enhances opportunities to develop the talent network across the Benelux region. With Belgium in place, Ework will have own operations in seven European countries. Along with our global talent network, agent of record partnerships in countries where Ework does not have its own presence, and a global operating model for sales and delivery, we have all the capabilities necessary to serve as a global partner to our clients. I am handing over to you, Johanna, to talk about our financials. Thank you, Karin. We will move on to the Q4 financials. I would like to start with a financial overview of the Q4 and the full year of 2024. As you can see, if we start at the top, we reported a net sales of SEK 4.2 billion, and that is about 10% lower than last quarter, where we reported SEK 4.6 billion. We have mentioned this before. This is due to the planned phase-out of the non-profitable client contracts that are resulting in lower volumes. This is part of the Ework strategy that we are moving towards more profitable growth, which means that we are pruning our contract portfolio as well as working on operational efficiency and cost reduction. This is, of course, with an aim to increase our margins going forward. Transition takes time, and the effects will be seen gradually in our P&L. We have also mentioned the challenges in the Norwegian market, and the status is about the same as before, partly causing these reduced volumes in net sales. We also have one less working day in the quarter compared to last year, and that is also adding on to negative development in revenue growth. This has been partly compensated with more billable hours. If we look at the profit side, we are happy to report an EBIT of SEK 54.3 million for the quarter compared to SEK 58.2 million last quarter. Of course, the EBIT is negatively impacted by the lower business volumes, but this has been compensated by a lower cost base. Ework has launched before in the past a cost reduction program that we are following, and we do not expect a rebounce on the cost side. This is the new normal, and that is important to emphasize. We're happy to see an EBIT margin increase of plus five basis points Q- on- Q, and that is, of course, partly due to the focus on improving our profitability. We do see a positive trend here. What's also positive is our financial net that increased with 90%, and that is due to the growth in our add-on services and also positive currency effects in the quarter. We are working on improving our financial net, amongst other things, the working capital in Poland, and this is starting to give effect. We are also building a stronger treasury function because we see a positive potential in this area. The EPS growth, which is one of our financial targets, was plus 16% in the quarter. We are very happy to report that. If we look at the financial year of 2024, we're not really able to reach our ambitious goal of 30% EPS growth. We are also closing 2025, and we're happy to report a net sale of SEK 15.8 billion. That is lower than 2023, but also due to the planned phase-out. We continue to improve our EBIT margin full year, plus eight basis points, and this is due to the cost reduction and focus on improving our business margins. As Karin mentioned, we're happy also that the board has decided to propose a dividend of SEK 7 per share, which is above our target of 75% of our net profit. Moving on to our order intake, the reported order intake for Q4 is SEK 7.6 billion. That is also lower than last year. It's again, you will hear this many times, the pruning of our contract portfolio. That is, of course, to push for the profitable growth and the higher business margins instead. We can see that the margins in our new deals are higher, and that is really, really positive. We are hitting all-time high on a regular basis in this area. Overall, the market remains slow, which is, of course, something we've seen during the year. We see a volatile demand both in industries and geographies. As Karin mentioned, public sector is slow, which is kind of unusual in a recession, and banking and finance remain strong. We're happy to report that we managed to increase our contract length, and that is part of our strategy to be a long-term partner to our clients and deliver the total talent solutions. We are also happy that we managed to maintain and increase our hourly rates in new frame agreements, and that is due to the consultancy mix with more senior expertise. Looking at the net sales development, you can see in this slide the negative effect of the phase-out. This is something that we will continue to see in 2025, given that we started this phase-out in the first half of 2024. The challenges in Norway have had a negative effect in net sales. These two are still the main explanations for the decrease. On the positive side, we see an increased interest in our add-on services that is contributing positively. We also see a big potential in this area to have bigger volumes and share of business, which is really positive. We do also see, as mentioned, the higher hourly rates in the new contracts. Looking at the EBIT development, of course, it has been impacted by the lower business volumes, and that is partly met by the lower cost base. The actions taken on the cost side to increase efficiency and lower the cost base have given effect, and that will continue to do so. We are also happy that we now have a basis to stand on where we can take on the profitable growth in a more scalable way. This makes me positive that we will be able to further increase our profitability going forward. Also, as you can see in this slide, the add-on services are contributing positively to our EBIT. Service revenue is a new definition. Ework stands apart in the market. We have a unique business model that differentiates us from a traditional consultancy firm. To better reflect our financial performance, we have introduced an alternative KPI, service revenue or gross profit. We believe that this will help clarify the true value that Ework actually creates and also to see our profit development over time. We will report this on a quarterly basis from now on. If we look at the development, we're happy to report a service revenue margin or EBIT in relation to service revenue of 32%. For the full year 2024, we managed to increase this KPI with one percentage point. This shows that we are on the right track and that we have a positive development. To summarize, we saw in the Q4 a continued positive trend in margin development and in our value-adding services growth. This was despite continued challenging markets and volatile purchasing behaviors across industries and markets. We saw the trend with higher margins in order intake continue, which was very positive. Our refined service offering for total talent solutions is enabling us to be a trusted partner to our clients. This is evident in the development of our client engagements. Our work to transform and streamline our operations, for instance, the new internal digital platform, has positioned us for more scalable and profitable growth going forward. Our geographical expansion to Belgium and own presence now in seven European countries means further opportunity to support existing clients and to grow into new markets. We are also happy to be celebrating 25 successful years since the start in the year 2000. For 25 years now, we have built a strong foundation, navigating industry shifts and continuously evolved to meet the changing needs of clients and consultants. This long-standing presence is a testament to our ability to create sustainable growth and value, but also to adapt to market trends and drive long-term value for our stakeholders. With this, we conclude the presentation of our Q4 results 2024, and we'll open up for questions. 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 Simon Granath from ABG. Please go ahead. Good afternoon, Karin and Johanna, and thank you for the presentation. I have a question initially on the current legislation. As there have now been some months since the new legislation in Sweden was implemented, has there been any impact so far that you've noticed? Perhaps I could also put this question in light of this week's news around Sigma, which I presume bodes relatively well for the future. Thank you. Thanks for the good question. The new legislation, Uthyrningslagen, as it's called, the Rental Act in Sweden and the 24-month rule, it of course means that clients are considering the way they acquire talent, whether they do it to support them on a time and material basis, meaning they lead the clients throughout their engagements, or whether they do it in form of engagements, as mentioned, statement of work or project, for instance. We do see an increasing demand for clients who wish to acquire talent through projects and statement of work. That is one implication that we've seen, and we think it's a positive development because it means that consultants and clients will together work towards creating maximum value for the client's business. This is also a field where we want to increase and grow our volumes. That is something that, of course, is related to some extent to the new legislation. We can't see any impact to our volumes, really, but we know that clients are acting in different ways to be compliant with the new legislation. It means that some clients, for instance, decide to close consultant engagements and ask for new consultants, where others, as I mentioned, decide to, for instance, acquire talent in different forms. Now, as you said, there was a ruling in the Malmö Court that was announced a week ago, and it basically says, as you mentioned, Simon, that IT specialists and engineering consultants are now excluded from the new legislation, which is totally in line with the view we have, and I know that many of our industry peers have as well, that there is no need for additional legislation in this field. We believe this to be very positive, and we are really happy to continue and have dialogues with our clients on how we can best support them. Thank you so much for a very informative answer. Moving on, you have nicely expanded gross margins in recent quarters on the back of the increased focus in this area. Have the low-hanging fruits been taken here, or have you just started on this journey towards richer margins? Perhaps this question should also be put in context of the recent portfolio balancing. I'm wondering if there's more work to do here. Definitely, I can start off, and then you can continue, Johanna, but there is definitely much more potential here. As we said, we are pruning and extending our service portfolio with more value-adding services. I mentioned, for example, talent advisory, which is an important component when it comes to positioning ourselves with our clients as a trusted partner. This is what we're aiming for with our clients, to really be that trusted partner and provide them with as many and as much value-adding services and solutions as we possibly can. Definitely more to do on that end, both with the base services and our add-on offering. You can continue. Good answer. Covered it all. Very good. I do also have a follow-up on the portfolio adjustments. We know that your business has network effects. I am wondering, do you see any risk of reduced network effects as you phase out some of these large but less profitable contracts? Perhaps your broad presence is already enough to offset any negative effects. An increased focus on high margin customers not only helps your margin, but also improves your services. Thank you. Would you like to comment, Johanna? Go ahead. No, we do not really see any big risks related to that. We rather see, as I said before, the opportunity to work close with our clients to make sure that we can provide them with the expertise, with the consultants, and the solutions that they are in need of. We aim to be very proactive with that. Therefore, the closer we are to our clients and the more we understand about their needs short-term and long-term, the better we can provide them with the right solutions and skills and network. Thank you. I have one or two more questions, if I may. You did mention that competition is fierce in some areas. Are you seeing a similar competitive landscape in areas that you want to expand further into, i.e., technical or engineering consultants? I think you mentioned this briefly during the presentation, but what makes you so optimistic in this area going forward? One thing that we see is that there is an increasing demand for engineers and engineering consultants. This is driven much by the green transition and the infrastructure developments that are taking place now, but also the needs when it comes to further infrastructure upgrades in the future. Our frame agreement with Swedish National Grid is a good example of this. We do see a great activity, actually, with many clients, both in public and private sectors, when it comes to green transition and infrastructure-related projects and developments. This is driving the demand, basically. Of course, we want to position ourselves here with a very strong network. One of our priorities for the next year is to continue and grow our network in engineering. We will do that together with our consulting partners, of course, but also with freelancers as we have in our network also for IT. Growing and developing the network to meet the increasing demands is really, really key here. Thank you once again. A follow-up question from me is that costs were a bit higher than at least what I expected. Is there anything else specific to point out there? Furthermore, is it fair to assume that you are leaving a, call it, cost-saving mode into a more balanced mode between growth and cost? Yeah, I would say it's nothing in particular. We have worked on the cost base, and we expect it to remain on these levels. Of course, we will do investments, but we also are focusing on efficiency and continuous cost savings. This is a work that has started, and a lot of work has been done, but of course, we need to be cost-mindful also going forward. Appreciate it. Thanks for having my questions. As a reminder, if you wish to ask a question, please dial pound key five on your telephone keypad. There are no more questions at this time, so I hand the conference back to the speakers for any written questions. Yes, and we have gotten some questions from the viewers. Thank you very much. One of the questions is, how has the implementation of the new operative model developed? How do you see the risks of this impacting client satisfaction and quality in Ework's delivery? Yeah, very good question. Yeah, we have talked about the implementation of our updated operating model in previous quarter presentations. We are continuing to develop and enhance our operating model according to our plan. Overall, this is according to plan. Of course, when implementing new ways of working, it takes some time before everything falls into place in terms of processes, ways of working, roles, and also the allocation of work, meaning the workload in each role. This is something we continue to improve and enhance to make sure that we will be able to operate in an efficient and smooth way going forward. As said, we can already see some positive effects from the new model in terms of efficiency and quality in delivery. We also see that the new model is enabling us to drive, for instance, geographical growth in an efficient way and also to serve our clients both in new engagements, but also to improve the way we work in existing deliveries. In terms of client satisfaction, which is very, very important to us, as well as partner satisfaction, this is something we assess through a regular process. The last results that we received from the assessment in Q4 showed that we continue to have a good level of client satisfaction, actually exactly the same level as we saw in 2023. We remain on a high level there, which is really good. On the partner side, basically the same thing. We remain on the same level as in 2023. From that, of course, we are drawing conclusions. All the inputs and comments that we get in these assessments are very valid and valuable, and we bring them with us and implement them in our ways of working. During the spring, we are doing a piece of work to further enhance the way we assess client satisfaction and partner satisfaction. We will, going forward, do it more frequently and also across a broader base of respondents in our clients' and partners' businesses. One last question then. What's your expectation in Norway the upcoming years? Yeah, as mentioned, we are doing some changes in Norway to adjust and adapt to the new circumstances. Since Q4 last year, we have a new leadership in place. We are focusing now on our updated service and solution portfolio, and in particular, the services and solutions that are a good fit in the new regulatory landscape, such as, for instance, program management office, recruitment, providing projects or work as a statement of work to clients, etc. This is now what we are gearing up to bring to the Norwegian market and to our clients. I am optimistic when I'm looking at Norway this year, and I hope that we will see some good progress. Yes. I think we'll round it up. Do you want to send some messages? Thank you so much. Thank you, Johanna. It was a pleasure being here with you today. Thank you to all the viewers and listeners. Thank you for the good questions. As usual, if you have any further questions, please do not hesitate to reach out to any of us. We look forward to hearing and seeing you soon again. Until then, thank you and bye-bye. Thank you. Bye.