Ladies and gentlemen, welcome to the Knowit Audiocast Q2 2021. For the first part of this call, all participants will be in a listen-only mode, and afterwards there will be a question-and-answer session. Today I'm pleased to present Per Wallentin, CEO, and Marie Björklund, CFO. Please go ahead with your meeting. Hi, welcome to this presentation of the second quarter 2021 for Knowit. As you said, I'm Per Wallentin, CEO of Knowit, and with me today I have Marie Björklund, our CFO. We can take next slide. For those who already know us, you also know that our vision is clear. We strive for sustainable human society through digitalization and innovation. Next slide, please. We are, as a company, well-positioned for continued profitable growth. The strong underlying megatrends support the business, as you all probably know. We have a strong footprint in the Nordics with a diverse customer base. Which is very important, we have a very attractive employer brand in the Nordic market. For example, connected to IT students in the Nordic University survey, was the most attractive consultancy. As you also probably know, this quarter will be the last quarter in this current structure with our three business areas: Solutions, Experience, and Insight. Following the acquisition of Cybercom, we have announced a new fourth business area, Connectivity, from the first of July. We can take the next slide. I'm really pleased to report a strong quarter, with high activity in all aspects of our business. We report a net sales growth by over 20% for Q2 connected to last year, and an EBITA margin of 9.5%, excluding acquisition and integration costs for Cybercom. For the first half of the year, sales went up by 14% and the EBITA margin was 9.9%. Also, that's an improvement from last year. All three business areas deliver improved sales and EBITA results, particularly, we are pleased with the really good development in Insight, with strong improvement in margins and strong improvement in EBITA. That's really pleasing. With a good market and the right position in the market, we already, in the end of last year, talked about starting to ramp up the recruitment. We have done that during first half of the year, and I'm really pleased that we, in this report, can announce a net recruitment for the second quarter. Of course, the M&A activity during the quarter was a lot about the acquisition of Cybercom, which is the biggest acquisition in the history of Knowit since 1997. We also announced new financial targets. We raised over SEK 500 million in right issues to strengthen our financial position for continued growth. There was a lot of things going on in the quarter. We can take the next slide, please. Well, the acquisition of Cybercom, it was announced during the quarter. The acquisition was consolidated from the first of July after Q2. After that date, we are now over 3,800 professionals in six countries. We have formed this new business area, Knowit Connectivity, with focus on industry tech and telco sector. We will be more attractive in those customer segments. We will also, together with Cybercom, further strengthen our focus on sustainability. The preparations have been diligent and the integration has kicked off with promising results. Of course, we are in the start of a long journey in getting Knowit and Cybercom integrated, but it's a really good start so far. We can take the next slide, please. Our biggest business area, Solutions, which will be the biggest business area after the integration of Cybercom as well, increased net sales by 3.6% for the first half of the year and 8% for the second quarter, compared with the same period last year. We particularly saw a strong development in south of Sweden. We can take the next slide, please. Experience had a really strong performance, driven by continued demand especially for e-commerce, digital health, and care solutions. Sales increased by 48%, of course, connected to the acquisition of Creuna. That integration has been a success. Where we operate together, for example, in Oslo, in Stockholm, and Gothenburg, we have seen additions of new and more complex client assignments and really promising results. I'm really happy with that integration, actually. We can take the next slide, please. Knowit Insight, our advisory. As you know, we had some problems connected to the advisory part in the beginning of the pandemic last year. We are really pleased to see that the trend started late last year, is continued this second quarter as well. Sales increased by 7% for the first half of the year. The action taken to strengthen profitability is delivering significant results, and the result improvement up from SEK 8.8 million- SEK 18.7 million is really promising. Of course, in particular, the offering security has been positive, driven by recent focus on cybersecurity threats. The team in Insight have really done a good result, of course, connected with the demand is coming back in that area. If we go into Q2 in figures, I would like to hand over to Marie, who will elaborate the financials in more detail. Over to you, Marie. Thank you, n ext slide, please. Talking about Knowit Group as a whole, we delivered sales of a little more than SEK 1 billion in the second quarter, which means an increase of almost 21% compared to the same quarter in 2020. Of course, sales were impacted positive by the acquisition of Creuna. Like-for-like figures show that sales also included a good organic growth coming from all three business areas. News from this quarter and on is that we will show the adjusted EBITA. By adjusted we mean the EBITA without one-off costs linked to acquisition and integration. These costs amount to SEK 25.7 million in the second quarter and are, of course, coming from the acquisition of Cybercom. This means the adjusted EBITA increased to SEK 98 million for the quarter, an increase of around 35%. Our adjusted EBITA margin was 9.5%, which is actually spot on one percentage point above last year. Like last quarter, I got some question concerning government support. It is true that last year's second quarter was affected with as much as SEK 27 million, reducing the staff cost, SEK 21 million coming from reduced social charges and SEK 6 million in short-term allowances. I also want to mention that none of the figures I'm presenting now include Cybercom, as we did not close the deal until the first of July, and will because of this consolidate from that date. Next slide, please. Looking at the business area split, we can see that Experience is increasing its share of sales from 23%- 31%. Of course, this is following the consolidation of Creuna's business, which was an acquisition made by Experience. Insight almost keeps its share of the total despite the consolidation of Creuna. This is because Insight had a good increase in sales in 2021, especially in the second quarter. Next slide, please. This chart shows the geographic split of sales. We have the same effect as last slide, the Creuna effect. The acquisition of Creuna increased our operations in both Sweden, Norway, and Denmark. The Swedish part of the business accounted for 52% of sales versus 55% last year. Next slide, please. This is our split of sales on industry field. We continue to have a diversified client base with 38% of sales from the public sector, which has been stable during the year. We have clients in a number of different sectors, with retail on top, accounting for 20% of sales, which is more than last year when we had 15%. The explanation of the change is also Creuna, as you know, an acquisition within Experience. This is the business area focusing a lot on web, eCom, design, and marketing, where there is a high demand from retailers. Banking and finance reduced the share for the same reason as Creuna. Next slide, please. Cash flow from operations is, as you can see, SEK 74.5 million, which is very low compared to last year's SEK 240 million. This is because last year was affected of some one-off effects connected to personnel debts. For example, less vacation was taken, which meant a high debt and change in accounts receivable due to improved routines and high focus on collecting. The cash flow from financing activities was SEK 323 million, mainly impacted by payment of our dividend of SEK 152 million, and also, of course, the rights issue of SEK 500 million made in June. On June 30, we had a very good net cash position of around SEK 560 million. Which means that the ratio of net debt to EBITDA was negative of 1.3, and it's based on our R12 EBITDA of SEK 424 million. The acquisition of Cybercom completed at the first of July will, of course, have an impact on our net debt, but that will not be until the third quarter. This means that we have a healthy financial position with an equity asset ratio end of June of 67.5%. This again makes us well-positioned to capture growth opportunities in the market. Next slide, please. All in all, we're very proud to present yet another quarter with a strong EBITDA development. Including the second quarter, our adjusted EBITDA for the last 12 months is at SEK 368 million. With that from me, I hand over to Per for some final words on the quarter. Thank you, Marie. We can take the next slide directly. To summarize, we are very happy with the first half of the year. Looking ahead, we are very well positioned for continued profitable growth, both connected to the acquisition of Cybercom, our financial situation, our ability to attract people, and of course, the really strong underlying market. We look forward to an exciting new chapter in Knowit's history. Now I and Marie are open for questions. Thank you, i f you do have a question for the speakers, please press zero one on your telephone keypad. Once again, it is zero one on your telephone keypad to ask a question, and there will be a short pause whilst we register any questions. The first question comes from the line of Daniel Thorsson from ABG Sundal Collier. Please go ahead, y our line is now open. Yes, h i, thank you very much. First one, you have decreased number of employees year-over-year in both Solutions and Insight. Experience growth is obviously mainly a result of Creuna. How is net recruiting developing, and what should we expect going into the second half of the year? I guess that we will likely see some initial employee turnover from Cybercom. Is it possible to offset that effect by organic net recruitment? Well, we will see. We will try to do it, but as you summarized, there will be probably a slight increase connected to the acquisition of Cybercom. We will also see an increased employee turnover in the whole market post-COVID. We think that the employee turnover will increase in the market this autumn. That, of course, might be a problem, but it might also be a possibility connected to that we have a strong employee brand. Our aim is to be able to net recruit both connected to Cybercom and both connected to higher employee turnover. Okay. We also saw in Q2, as you saw, that we are coming back connected to net recruitment. We started that journey last quarter last year, of course, it's a long journey to get back to net recruitment because you have to start and get back to recruitment activities. We have done that's really promising. Okay, a question on the Knowit Academy program starting after summer. You say that you have around 30 talents joining the company in August, September. Am I totally- Only in Stockholm. Yeah, okay, only in Stockholm. That was like 100 people a couple of years back. It has been like 30, 40 people in Stockholm before that as well. Of course, the big quarter for net recruitment has always been Q3, connected to seasonal variations. Last year, as you know, we stopped all those recruitment activities, and we are full ahead doing all those things this year, t hat's really promising. Okay, I see. I go ahead with another one. You mentioned cybersecurity as a hot area where you recruit experts and launch a new program. Are you also looking to acquire companies within this area, or do you consider purchase prices to be too high? We look broadly connected to acquisitions. We look into that as well. At the start, we have been able to net recruit people in that area, and we also have a really strong Knowit Academy converting people into really strong cybersecurity consultants. That's promising, because that's much more cheap or low cost than, for example, acquisitions. We also have quite a few people coming in from Cybercom into that area, because Cybercom is really strong in that area as well. We will really strengthen our position in the cybersecurity area together with Cybercom. The main focus will, during the autumn and next year, of course, be continued net recruitment, but we will see. Yeah, o kay, t hat's good. A final one on margin potential in Insight. Given the nature of Insight's business with management consultants, I guess we are still a bit off the margins it should be able to reach, close to maybe 20%. Do you also see Insight as the largest margin potential for the group margin? That's right, w e are really happy to announce that we are back on track connected to EBITA results compared to how it was in Insight last year and then the end of 2019. If you look further back, you saw that the margins in Insight back 2018 and so on was, of course, stronger than they are today. The potential, as you mentioned, is really good. Do you see similar potential in, not similar in absolute terms, obviously, but do you see margin expansion potential in Experience and Solutions as well, or are you happy with those margins? As you know, we also changed our margin targets from 10%- 12% overall in the group. As I mentioned, when we change those targets, the targets connected to margin is a long-term target, which will be quite hard to acquire. We will try, and we will take one step at a time. I think that there are potential in all three or now four business areas. The biggest potential is, of course, in Insight. Exactly, o kay, t hat's good. Will we see the fourth business area as of Q3? Yes. Okay, great, t hat's all from me. Thank you, f or any more questions, it is zero one on your telephone keypad to register. If there's no more questions registered, then I hand back to our speakers. All right, i f we don't have any more questions, we would like to say thank you from me and Marie and the team at Knowit, and hope for a really good summer vacation. Thank you, and have a good summer, b ye. Thank you very much.