Good morning, and a warm welcome to today's presentation of our Q2 Results 2026. My name is Line Dovärn, and I'm Head of Investor Relations, joined as always by our CEO, Klas Forsström, and our CFO, Katharina Fischer. We will begin with a presentation from Klas and Katharina, and then we will have a Q&A session. Klas, please go ahead. Thank you, Line, and once again, good morning and welcome. The quarter delivered exceptional order intake, both in Data Center Technology and AirTech, driven by solid underlying market and strong product offer, all setting up Data Center Technology and AirTech for substantial revenue growth 2027 and beyond. The profitability is as planned, improving in AirTech, while DCT was impacted by anticipated growing pain, as well as currently burdened by component shortages affecting ramp-up speed and efficiency. Very pleasing also to see that the quarter showed strong cash flow and cash conversion. We are creating a sharper, more focused Munters by optimizing our portfolio and positioning FoodTech for the best possible future outside the group. I'm very convinced that this will create a more focused Munters that, without FoodTech, is well-positioned to deliver annual revenues well above SEK 20 billion over the coming years. Talking about the potential divestment of FoodTech, as I said, the portfolio optimization question. A sharper focus for Munters and creating a new ownership to accelerate FoodTech. The future Munters will be Data Center Technology and AirTech-centric, generate focus, flexibility, and enable us to allocate all efforts towards growing that part of the business. FoodTech, or Speria, set up for a potential divestment, enabling growth, market position, and continue to scale. I have to say this, FoodTech is a fantastic asset. Even if we're early in the process of setting this up, I'm very pleased to see that it is a high interest in the market, talking and understanding what FoodTech and Speria is all about. Looking into the quarter, once again, exceptional demand. External headwinds currently affecting profitability, and here I talk about Data Center Technology. Going back then to order intake, more than 140% organic order intake increase. Very pleasing, both Data Center once again showing strong growth, but also AirTech showing a very strong underlying growth. The order backlog improved up to 151%, and the book-to-bill ended up at an impressive 2.3x. The net sales increased with 6%, organically a little bit more. AirTech increased, driven by components and commercials. DCT declined due to the planned ramp-up and also damped by the current supply chain challenges. FoodTech increased both when it comes to software and controllers, driven in Americas and EMEA. Margin impacted by external factors, as I said, I will come back to that later on. DCT declined. Production is burdened by component shortages and of course, also the ramp-up and the product mix. FoodTech remain at the healthy level. We continue to invest. Very pleasing to see AirTech improved. Higher volumes, cost-saving measurements, everything is biting in the way that we anticipated it to be. When we talk about the favorable trends, it is really cutting across all the different regions. To be a little bit more sharp, Americas, very strong market. We have a strong impact in Americas. EMEA is moving up to a more healthy market position. Very pleasing to see that Data Center, both the market and we in the market, are showing clear signs of a pickup and order intake. APAC, even if it is a smaller part of our order intake, it continued to be healthy. Of course, as always in APAC, at a slightly lower margin than the rest of the mix. Coming back to 76% of the order intake is generated from Americas. A little bit shy of 20% EMEA. A little bit shy of 10% in APAC. Moving into the different business areas. Exceptional demand in AirTech. A book-to-bill of 1.7. Americas, significantly growing. The exceptional demands is mainly coming from evaporative pads components, but also in many other segments, including some reinstatement of a battery order that have gone in and out. EMEA generating growth, as I said, a little bit more mixed, but moving to healthier levels. APAC, solid growth supported across the different components and sectors. This slide you have seen many times. I very often come back to and say, "Now, battery is icing on the cake." Take a look upon where we are beside the battery. We have established ourself cutting across many different segments. I'm very pleased to see that AirTech has been able to reach out to several segments. Worth noting in here, as you can see, the components, i.e. the pads, are extremely strong in the quarter. I have underlined, this is not the new normal. This is extraordinary. Even with that said, that we have a underlying strong pad growth across the different sectors. I don't expect this to be repeated in the coming quarters. All in all, a very pleasing development. If we take a little bit closer look into this, first of all, take a look upon 20% service, 24% components. That generates of the order intake, 44% is service and component. That sets us up for a long-term delivery of components in the coming year and a half. What more to say? I'm super pleased about the good development in profitability, driven by, first of all, the savings programs are delivering according to plan. On top of that, also we are then moving up more and more when it comes to filling up the factories. I come back to one thing that I believe is super important. We will take this step by step. We are, if I say so, not in a hurry when it comes to spiking up profitability. What I mean with that is we will deliver diligent on the savings. When we have a couple of more quarters with SEK 2 billion and above in order intake, we will also then gradually fill up our factories. At that time, after a couple of quarters with this, I expect us to be where we should be, i.e. in the range of 13%. It will take a couple of more quarters to reach that level. Data Center Technology. Once again, the continued order intake. For me, it is a clear sign on this is what we present to our customers is very much appreciated, and we see no signs of any slowdown in the demand as such. Several different types of orders cutting across all the different product categories. We announced one significant order of SEK 2 billion in the beginning of this quarter. The order intake continued to increase. Now we are talking about that we are deliveries mainly for 2026 and 2027, but we are also starting to fill up 2028. I'm super confident in the order backlog that we have. A book-to-bill of 3.6. Net sales declined. Part of it is very much as expected, the planned ramp-up of U.S. chillers in the production. We have spiced it up, sadly, with also some current supply chain constraints that has brought us down a little bit more. I would say that if we would have not had the supply chain constraints, I would have expected us to be about SEK 300 million more in net sales in the quarter. That is holding us back for sure. I will come back a little bit more how I look upon the future in this area. The margin declined. It is changes in the product mix, as we have communicated earlier. It is the planned production ramp-up. Nothing strange with that. We have added on then the supply chain constraints. The tariff headwinds is estimated to be about three points higher than the norm. The order backlog then. Of course, this is not all the orders we have. We have added two just to give you a flavor of what we see. It is one then the SEK 2 billion that we talked about, but it is also very pleasing to see that we have added a EMEA co-located order across CDUs. If I take a look upon this, it is clear, as I said in the beginning, we are setting up Data Center Technology to deliver an increased and accelerated revenue growth starting in Q3, accelerating in Q4, and then carry us through 2027 and 2028. A healthy, strong order backlog. You may have seen this schematic view on how you ramp up new production, the curve on the right side. Let me start with an obvious statement. What do you need to have to generate success when you're building new factories, when you're ramping up, when you're investing? First, you need to have the factories, facilities in place. You need to have the people, bring them in, train them, and let them shine. On top of that, you need to have materials in the supply chain in a good order. I'm very pleased we are spot on when it comes to the build of the factories, the training of the people, the hiring of the people. As you can see, this is quite a accomplishment. We are doubling the production output, we are increasing the floor space of 60%. This is something that I feel that our people can be extremely proud of. On the other side then, if I simplify, I say I'm not happy in regards to where we are when it comes to the material and supply. My unhappiness is, of course, we didn't fully see this coming. Now we have to work ourself out of this. The unhappiness is also supported by a very strong conviction that we will work ourself through this. That takes me to the curve. You start down in the bottom left, you build a factory, you increase the production volumes, you start to practice, you put in lean methods, et cetera. At a certain point then, let's call it a tipping point, the inflection point, when you have practiced enough, when you have had enough volume in the factories, then you start to move profitability up. My view is that we, according to plan, should have been a little bit below the inflection point at current. Now we are about one quarter behind the plan. In the coming quarter, we will continue to move up to the inflection point, thereafter, we will continue to move up towards the profitability. You can say, what are we doing to mitigate this? We are increasing our stock levels. We are putting in more suppliers. We are sadly then supporting it also with some more production in Europe that is hitting us on the tariffs. All in all, we are mitigating this in a very good way. If I take a couple of quarters outlook, if I take a year outlook, we are set up for success and a record delivery from those factories. FoodTech. For me, this is a fantastic asset, and as I said earlier, it is not due to that we don't believe in FoodTech. We believe very much in FoodTech. We need to focus our efforts on the core. FoodTech, strong backlog, some delays in projects during the quarter, but still a book-to-bill of 1.1. I'm super comfortable with this. I see that now it is full speed ahead on separation and full speed ahead on delivering orders, and I know Pia and the team, they are super excited to put this in place. Order intake goes both for controllers, but it's also when it comes to ARR. A little bit disappointed in the quarter when it came to the ARR development, but I'm very confident that we will be back on track in the range of 20%-30% growth in the coming quarter. For me, FoodTech is set up for success in the future, and it is just push the accelerator and moving forward here. With that, Katharina, let's dig into the numbers. Yes. Thank you, Klas. You have heard Klas talk about the results a little bit. The Q2 then demonstrated good growth in AirTech and FoodTech net sales. While the Data Center net sales was lower than due to the production ramp-up and also the supply chain constraints that impacted the throughput in the factory. Q2 also demonstrated resilient profits, net income still increased, and also strong cash flow generation and further improvements in operating working capital, which is now well below our target range. Looking at the margin a little bit. We talked about this, that we are ramping up, we are supporting our growth initiatives, of course, we have some external factors. If we look at the volume development, it was a mixed picture. AirTech's volumes grew while DCT's volumes decreased then due to that the throughput was impacted in the factory by the supply chain constraints. We also had the profitability negatively impacted by product mix in DCT, which we have talked about many quarters, and then also the tariff impact. At the same time, we are continuing to implement price increases across the group. These will come through, but it will be a gradual benefit to profitability as we have longer lead times in part of the business. On the operational excellence side, here we then also felt the external supply chain constraints that affected the throughput and also the efficiency, of course, in the factories in the U.S. due to the planned ramp-up. We also had the continued underutilization in AirTech weighing on the margin. We remain committed to our strategic initiatives, we are continuing to invest to scale the business in automation, digitalization, and so on, and also, of course, expanding the footprint. Positive support from AirTech's cost savings programs that I will come back to. If we look at how the margin has developed sequentially, it has improved somewhat then, driven by increased volumes and cost savings in AirTech. AirTech, you know that we are working on implementing these cost savings programs. They are progressing very well. The 2025 program has been completed and delivered more than the expected savings. Now we are continuing to implement the 2026 initiatives, and here we have delivered over SEK 100 million so far, and we expect to deliver at least SEK 250 million at the end of the year. These initiatives, as you know, include investments adjustments, workforce optimization, and also increased efficiency. The whole aim is, of course, to improve AirTech's profitability, which is happening, and then also make sure they are more efficient and have a scalable platform for future growth. Looking at the cash flow. In the second quarter, we delivered a very robust operating cash flow, and this was primarily driven by customer advances in DCT, but also very disciplined cash management across the group, of course. Investing activities increased, and this is, of course, because we are continuing to invest in our business, and also this includes the recent acquisition of Optifarm within FoodTech. This was partly offset by a positive proceeds then from the sale of a U.S. production facility in the quarter. We paid out the dividend in the quarter, which is part of the financing activities. Year to date, same picture, strong cash flow driven by DCT. We continue to invest, of course, in our business and also strategic investments like the buying out the remaining part of the MTech shares that happened in the first quarter. Talking about investments then. In the quarter, we had 7.2% CapEx as a percent of net sales and a rolling of 5.9%. Still not as high as prior year at this point during the year, but still we continue to invest, of course, mainly in our Virginia facility, where we are ramping up the production capacity for the Virginia campus, but also some investments for component production within AirTech, of course. Talking about full-year outlook for CapEx, that remains, we expect it to be at the same level as prior year. Working capital, we talked about that a little bit before. Very low, 5.2%, very good execution across the group. Leverage, slightly up from 3.1 in the first quarter to 3.2 now. This is mainly driven then by decreased adjusted EBITDA, offset partly then by strong cash flow. While we do not have a fixed leverage target, we do have an ambition, which is 1.5 to 2.5. We are comfortable being above this level since this is due to the acquisitions we made and also the strategic investments in our factories. Looking ahead, we will see leverage gradually improve as we see higher earnings and, of course, also a very disciplined continued cash management within the group. Turning to ESG matters. In the quarter, we reported our green financing report. This is a report that dives into how the proceeds from the green bonds are allocated and what towards project and what environmental impact those are making. Right now, we have SEK 2 billion in outstanding green bonds across three maturities, and we have SEK 1.4 billion allocated right now against climate change mitigation projects. Of course, these projects are extremely important for us because they will then drive environmental benefits. A few examples then. We continue to drive lower emission manufacturing, where we use more renewable electricity and fossil-free heating, and that supports growth then while reducing operational emissions. In our product portfolio, we have AI-powered dehumidification solutions that optimizes dehumidifier operations, and remote monitoring improves efficiency and performance. Then we are also advancing digital solutions in FoodTech, and here we have data-driven feed optimization that improves accuracy through data and predictive analytics, reducing emissions, energy use, and cost. These investments demonstrate that our green financing framework supports innovations that benefit both our customers and also our own operations, and really reinforcing that sustainability is really a key enabler for profitable growth and long value creation. With that, I would like to hand it back to you, Klas. Thank you very much, Katharina. Let me summarize before we move into Q&As then. We continue to progress towards our financial targets. Currency-adjusted growth in the quarter, a little bit shy of the target that we have. On the other side, operating working capital, definitely well below, and adjusted EBITA, pretty much as where we expected it at current. Then when it comes to the dividends, we continue step by step to improve the dividends moving forward. The outlook for 2026 is unchanged. Some status updates here. AirTech, continued strong growth trends across several segments. As you could see earlier, we are really jumping up the reach-out to different segments. Very pleasing to see the ongoing efficiency program progressing on plan. Data Center Technology continued to scale to capture larger share of market growth with a broader portfolio. It is very clear that our broad and highly operating portfolio is generating a lot of positive traction in the market. Also very pleasing, as I said, to see that both the European market as such and we in Europe are making progress. RampUp progressing as planned when it comes to what we have in our control, but as I said, we are currently burdened by some external factors. One of those is the supply chain challenges, but that we will gradually work ourselves through. FoodTech, exploring the divestment to sharpen the strategic focus. It is a very attractive underlying market where we will continue to invest, and we are searching a very good home for FoodTech in the future. The market outlook, flat to positive in AirTech. Positive in Data Center and continued positive in FoodTech. The business outlook for the full year, no change. Net sales growth expected to develop positively. The longer the year goes, the more positive it will be, as I said earlier, we are also now setting ourselves up for a very strong 2027. The adjusted EBITA margin expected to improve during H2, driven by order backlog in DCT and continued step-by-step margin improvements in AirTech as such. With that, welcome back, Line, and over to all of you out there for some Q&As. Great. Thank you very much. We are ready for questions. You can use the chat function, and we will address them here in the studio, or you can use the telephone conference. If you are dialing into the telephone conference, we ask you to please limit yourself to two questions at a time so we can hear from as many of you as possible. You're welcome to join the queue again, of course. Handing over to the telephone conference. If you wish to ask a question, please dial star five on your telephone keypad to enter the queue. If you wish to withdraw your question, please dial star five again on your telephone keypad. The next question comes from Adela Dashian from Jefferies. Please go ahead. Good morning, Klas, Katharina, and Line. Good morning. I'm going to start off on the Data Center segment. Appreciate the commentary here about being roughly one quarter behind your planned track. Can we actually talk about what this means? You've previously guided for a 30% total sales growth in the Data Center segment for the full year. Does this guidance still hold, or do the supply chain disruptions now result in component shortages that create longer delays than the weekly that you've been talking about previously? Very obvious and clear question, Adela. The answer is no. I should say yes. The guidance on 30% is still valid, and that is what we hold. It is tilted more towards the end of the year. If I put it like this, I use the frame 30%-40%, for sure, 30%, that is the guidance. That's really good to hear. Thank you. A similar question on the level of profitability. You have been talking about an ambition to return to high teens, which I guess then if you're still delivering 30%-40% sales growth for the full year, high teens should as well be achievable in H2. I guess my question, number one, is that true? Secondly, what does this mean that you're one quarter behind? Do you mean that Q2 is the one quarter that you're behind, or does it mean that Q3 is the one quarter? Also very good question. If I use the curve that I showed earlier as a backdrop, I would have expected we, at current, to be just a little bit below the inflection point where we started to improve profitability. Now we are one quarter behind, we are not there. It will take ourself a quarter to move up to the point where we will start to see profit improvements of significant character. The short answer is also when it comes to the profitability improvements due to the throughput, et cetera, we are one quarter behind, and that means that we sort of will be slower one quarter moving forward. The overall direction is, yes, we will continue to move towards what we have talked about, even more so when I look into next year, when we talk about the deliveries that we're setting ourself up with. Should we expect margin expansion in Q3? Adela, here, I don't give that detailed guidance, what I say, that is, we will gradually move up now in the outputs, i.e. the revenues. The real revenue booster will come in Q4 due to the one quarter delay. Okay, thanks. Thank you. We will take another caller. The next question comes from Jingyi Zheng from UBS. Please go ahead. Good morning, all. This is Jingyi from UBS. Thank you for taking my questions. I have two questions on DCT as well. Firstly, could you appreciate the color on supply chain situation? I wonder if you could share a bit more color on that, specifically the impact on operations. How meaningful are the resulting production or delivery delays? Are we talking about 1 to 2 weeks shift in delivery or something more substantial? I understand your delivery schedule significantly increased in H2 based on the slide of large orders that you shared. I wonder, do you think the supply chain situation could be a bottleneck in fulfilling your delivery obligations from the large orders in H2? I appreciate the question. Let me give a little bit of flavor on this then. First of all, what is really good for us, that is our wide product assortment and the wide categories of different customers. The short answer, we are not expecting any delays in deliveries. We also see that we need to shift delivery schedules. That is very much in line with what the customer would see and what they would be able to handle. What do I mean with that then? As an example, predominantly in U.S., we are ramping up the chiller production. We have also taken substantial core orders. Cross, we can produce in already existing factories. We have less, call it, supply chain challenges. Cross do have a lower profitability. There, by doing those mix changes, we will be able to keep up the out deliveries in revenues. It could be shifting in type of categories. That is one way of handling it, thanks to our strong, wide portfolio. The second one, if I share some, what are the details on the supply chain challenges? First of all, I think when it comes to fans, the full market are seeing some crunches on deliveries of fans. We have also valves and certain components. For us, more specifically, it is also due to the fact that we need to set up a bill of material in U.S. Thanks to this crunch in supply, that has been delayed. That is also something that is burden our profitability, that we need to ship continued more components from Europe into U.S. All in all, I look upon this then, is this something that I'm happy about? No. Is this something that I'm worried about? No. Is this something that will, as I said, delay us about a quarter in the expectations of profitability and ramp up? Yes. Am I worried about the overall outlook for the second half year? No. I'm even more excited about next year than I was in the beginning of this year. We are building up a fantastic, strong, and healthy backlog in carrying us into next year as well. Great. Thank you very much. Really appreciate the color. That's good to hear. My second question is on the same topic, but on your mitigation efforts. Could you talk about what level of visibility do you have today, and what are the key indicators you're monitoring that underpin your expectation for how the situation will develop over the next few months? First of all, it is clear that Stefan, and this is very comforting, the future CEO is an expert in Data Center Technologies. He is very much onto this already from day one, so to speak. More detail, we have our very strong and well-educated supply chain organization. They are now working with the obvious one, finding new suppliers from different type of vendors when it comes to fans. It is, of course, also pre-ordering from those suppliers to building up stock so we have a better stock situation, and that is also one of the reasons Katharina mentioned that we are building some operating working capital for healthy reasons in data center. Thirdly, as I said, we are also working with organizing supply, even if it hits us on tariffs, but organizing supplies outside North America. You can say we're working with all the different ingredients in how to mitigate a situation like this. If I could choose, what would I like to have? Would I like to have an order book that is not full at all? Would I like to have an order book that we have to work with? Every day in the week, I would like to have an order book that we have to work with. That is a much more comfortable situation than not having orders. Maybe add something on tariffs, which also. Exactly. The tariff impact in the quarter was 3%, that is a result of the continued import of finished goods from our Italian production. Also, as Klas mentioned, some chiller components also from Europe. Going forward, this will continue to also have an impact as we move over to a localized Bill of material. This is also affected by the supply chain constraints, thereby will take longer than what we anticipated in the beginning of the year. Good. Thank you for your questions. Thank you. That's all. We can take another caller. The next question comes from Jakob Marken from SEB. Please go ahead. Perfect. Good morning, and thank you for taking my questions. If we start on, we keep it at the DCT part. First, do you see any risk that competition takes any of the potential orders that might arise on the market when you have these production issues, or how do you view that? We don't see any risk at all when it comes to this. Why am I so confident in this? You are assigned to a project. You deliver accordingly to the schedule you have had. When we assigned ourselves to this, of course, we put in some, call it, bumpers. As I alluded to earlier, thanks to our strong and wide product assortment, we can also shift different products to different customers. At current, we don't see any indications that the customer is worried or annoyed at what on any level. We are pretty much on par with what they would have expected than what we would have expected, that is that we would have been some SEK 300 million more in deliveries already now than compared to what we delivered. Okay, perfect. That's good to hear. If we move from the DCT part, you have the question on the FoodTech. Order intake down a bit here year-on-year, margins also weakening. Do you see any risk that that might hamper the potential divestment? While on that topic, do you have any highlights or something that you want to share with us regarding the potential divestments? First of all, if I start with, yes, we are a little bit shy on order intake. I look upon this as, call it, we have had. Sometimes, you take an order and sometimes you're not taking the order in the quarter. For me, I look upon this as more temporarily mishappenings, if I use that expression. I'm super confident. Pia and the team, they are super diligent in going for orders. I expect us to be, not each and every quarter, but be back on the 20%-30% order growth that we have had in the past. If that is the base, super excited about what the customers are saying about this. Of course, even if this may sound as a small excuse, of course, Pia and the team, they have also now been concentrating on getting the ducks in a row for a potential divestment. Especially in the beginning, when you announced that takes a little bit of the focus away. Now everyone is lined up to both handling the separation and the build-up by that, and also handling generating orders, et cetera. On the process as such, we are early in the process. We will communicate whenever we have something to update. As I said in the beginning, I'm really happy to see that it is not only us that see the great potential in FoodTech. We have also had the good calls from potential interested parties. I need to underline, we're early in the process, and this we will take step by step. Okay. Thank you. That was very clear. I'll get back in line. Thank you very much. We can take another caller. The next question comes from Anders Roslund from Pareto Securities. Please go ahead. Yes, good morning. I have two questions and one regarding DCT. I just want to follow up the supply issues in the chiller production. What you're saying here is that you have to rely on imports from Europe and elsewhere, while you're still searching for local suppliers to the chiller production. My question is simply, is it the risk that the tariff remains a negative impact until the end of this quarter, maybe also into until the end of 2026 and also in 2027, due to that you are not fully equipped with local suppliers for chiller production. Given that the chiller production or the chiller area is the high-margin business, I assume that you may have an impact of tariffs also for the coming year. Thank you, Anders, for the question. If I move to the second part of the question, when it comes to next year, I'm very confident that we will be able to set up local bill of materials and so on, for next year. Of course, as we've said, we are delayed on the bill of materials, et cetera. Yes, it will have an impact during the coming quarters, as such. Once again, when we move to next year, at current, I don't see any worries. I talked about we are about one quarter delayed here. I think this is the burden you sometimes have to have, when it comes to setting it up. It's not something that I wished for. I'm not happy about it, at the same time, I'm very confident that we will be able to handle this in a good way. Okay, thanks. I have a question on AirTech. The order intake was very impressive. Looking at the chart at page six here, you mentioned that you had a battery order that was reversed, the previous canceled order. Was that the major part of the battery order intake, or was it half the size? You mentioned also on the component side that that was an extraordinary increase. In the report, you say about timing here that could it be a catch-up for those timing effects. What does it mean? Because it's such a huge part of the total order intake. Those two issues. If I start to go back to what do we see that we need to have in order to move ourselves towards the right profitability, i.e., 13% and above in AirTech? We need to consistently have an underlying order intake of about SEK 2 billion for several quarters in a row. From that perspective, Anders, it is very pleasing to see this is the second quarter in a row that we have that, and this quarter, we had substantially higher than that. If I go back to the other part of the question, start with the component. It is very much pads. It is a surge due to that there is an extra spike in the demand due to others being not able to deliver. We are, in this area, very good in delivering. Here we have received more orders than normally. We are taking market shares. Some of those orders are then not delivered next quarter and the quarter thereafter. They are also scheduled to be delivered in 2027. What is important also to understand is with that said, it is still an increase in components, both when it comes to pads and when it comes to desiccant wheels. The underlying is improving, but it's not a billion per quarter moving forward. That is not the new normal. I'm super excited for components as such. This shows our strength in AirTech and please understand me right, Anders, sometimes I'm a little bit bored and only talking about Data Center Technology. Let's talk about AirTech and all the good progression that is happening in AirTech. We have two legs to stand on. That is great to have two legs to stand on. There's the question about the reversal of a canceled order. Yes. In the back. The exact amount, but let's say if I split it into two parts, a little bit more than half, it comes from a reversal. That is a comeback in a positive way. There are several smaller orders, actually predominantly in Asia, if I remember it right then. It's a mix. It is a blend of it. It is not only the reversal, it is also several smaller orders that is filling it up. I look upon batteries as icing on the cake. We have not changed our view that we believe it will be 10%-15%, and if it is above, fantastic. As you can see now, if I deduct batteries from the last two quarters, the last two quarters are the strongest quarters in AirTech's history when it comes to the other parts of the business. Okay. Excellent. Thank you. Yeah. Thanks for those answers. Great. Thank you, Anders. We can take another caller from the conference. The next question comes from Lacie Midgley from Bloomberg Intelligence. Please go ahead. Klas, Katharina, Line, thank you very much. Thank you for the question. You've actually ticked off quite a few of mine on DCT. I guess just one more on the margin. Obviously you mentioned the price increases to offset the higher material costs, with that timing lag, just wondered if you could give some color on what proportion of the backlog has already been repriced, how much remains exposed to higher input costs? Presumably, all future orders are already factoring that in, some color there on the backlog and how that looks would be helpful. Thank you very much. I can start and then, Katharina, please chip in on. How do we handle orders, then? In general, you can say like this, when we take an order, we price it to where we expect the cost to be when the order is to be delivered. Then on top of that, we put up what I call then some safety net. We price it even higher then on that. When you have a situation like this, when you have very strong, call it inflation-driven cost increases, sometimes you are still then not pricing it high enough. What we do then, that is of course, each and every order we take, we are pricing that exactly where we believe it should be. For every order we take, we jump up the price as the cost increases. From that perspective, you can say that the best way to describe it, that is perhaps it is on average half a year, call it, delay until we have corrected the pricing with the existing order backlog, if I generalize then. Then, of course, we are doing everything we can to mitigate this by lowering purchasing price and so on. Katharina, this I know that you are on to each and every day. As you said on what we're doing to lower purchase price, but also qualifying additional suppliers, of course, to improve pricing as well. Over the group, we've had price increases of 2.8% in the quarter. Yeah. That's over the group. That's really helpful. Thank you very much for the color. Thank you for the time this morning and the question. Thank you. We have one more caller. There are no more questions at this time. I hand the conference back to the speakers for any closing comments. Okay, good. Thank you. We do have a question here on the chat. Two questions. Can you say anything about the timing of the supply chain constraints? When do you expect them to ease? I think whatever answer you give there is not an accurate enough answer. What I have learned when it comes to this, that is this you have to work every day with, day and night until it's over. The best I can say, I feel, as I reiterate here, we are about one quarter behind. I'm super confident that when we are signing up new delivery suppliers, when we are working with all the different efforts, that we will come through. If I would've said two months, or if I would've said four months, it would not be a correct answer. From my perspective, we are working diligent with this, and then we will handle it in a good way. Good. Your guidance of 30% growth in DCT for the full year, and you comment on slow acceleration in Q3, would imply sales of more than SEK 3 billion in the final quarter of the year. Is this feasible from a capacity standpoint? From a capacity standpoint, we have all capacity installed, we have all people installed, and we are working diligently with having all the supply in line. The plan is to deliver the 30%, and I'm very confident on that. If that indicates that yes, we will have a very strong fourth quarter, then we will deliver a very strong fourth quarter. Great. I think we do have one more caller on the line. The next question comes from Jakob Marken from SEB. Please go ahead. Yes, hello, guys. Just one follow-up question from my side. On the AirTech side, as you mentioned, very good Q1, Q2 here, and the cost-saving programs that you're running, at which time or at which volume do you need to take some of that cost back? Should we view that all of those costs are removed and then you can grow from that base? How do you view that? The idea, the firm grip, that is AirTech has reset themself. From that position, they should be able to handle a SEK 2 billion order intake and the deliveries from that without any cost increases. Of course, if AirTech continues to grow, see new opportunities to expand, et cetera, of course, we will start to expand in areas. The current view is not any cost increases in AirTech. We should still be able to handle that. What do you think, Katharina? No, I fully agree with that. Okay. Thank you. Thank you. Can you also talk a bit about where you believe margins in DCT and AirTech could be in the midterm? If we talk about the midterm, the targets that we have, that is to reach a 14% over a business cycle. I put it like this, when we have worked ourselves out of the supply chain, when we have set up everything we are supposed to set up in Data Center Technology. In my view, then we should be in the high teens. Now the proof is in the pudding. They need to work with this, they need to drive this forward, et cetera. I think definitely that is not only our ambition, that is what we are supposed to deliver on. It will take some time then, as I described. When it comes to AirTech, I just reiterate what I've said several times. It's two components. One is cost out, and there we're delivering. The other one is for several quarters in a row, have an order intake that is SEK 2 billion and above. When that starts to drop through in the revenue, we will be back SEK 13 billion and above. It will take yet a couple of quarters of order intake before the drop-through will come. It is one more quarter to go for me, and I just want to say this once again, as I said in the beginning. We have been, and we are on a fantastic journey with Munters. The fascinating part that is seven years ago, we were SEK 6 billion in turnover, SEK 6.5 billion. I clearly see, even without FoodTech, that we in coming years will be SEK 20 billion and above. Why am I so confident in that? First of all, the very strong order backlog that we're building up, then the capabilities that we are building up. With that said, I'm not worried about the quarter on and off. I'm 100% focused on where we and Munters should be one or two years ahead. Super confident about that. The best days for Munters, they are for sure yet to come. Good final words. Thank you very much for listening in today. Thank you, Klas and Katharina, for presenting. Thank you. I would just like to remind you all that we will be hosting a Capital Markets Day here in Stockholm on the 11th of November. It will also be available to join online if you prefer that. With that, I think we wish you all a very nice summer. Yes. Enjoy the summer. Thank you very much.