Good morning, everybody. Welcome to this session where we are going to present Nederman Group Q4 2020 statement. Let's start with some statements. We have had a very healthy operating margin and a strong cash flow despite very challenging environment with renewed lockdowns around the world, political uncertainty in U.S., and protracted Brexit negotiations. On the positive side, the lockdowns had increased the interest in our digital solutions and our Insight Control, SmartFilters, and so on, and we can happily now say that the fairly new MCT division is a valuable part of the group, exceeding half a billion SEK in sales with good profitability. If I move on to slide three and talk through some of the financials before Sven gives some more details on what's happening in the four divisions. If we take the financials for Q4, first of all, orders for the quarter were SEK 918 million, which is obviously higher than Q3 last in 2020, but it's a currency neutral decrease of 17% versus the Q4 of 2019. Sales were SEK 940 million in the quarter, however, which is lower than last year, 10.4% currency neutral down. However, operating profit was at SEK 94 million, which is 10% versus 10.4% last year. We see the effects of our cost control that have meant that we've been able to keep the margins in percentage terms, at least up. Net profit for the quarter, SEK 55.1 million, which is earnings per share of SEK 1.57 versus SEK 2.06 for Q4 2019. If we look at the full year financials on slide four, orders for the full year were SEK 3.48 billion, not million as I see that it says in this presentation, versus SEK 4.16 billion in 2019. That's a currency neutral decrease of almost 14%. Sales were approaching SEK 3.7 billion versus SEK 4.3 billion in 2019, which is a decrease of almost 12%. Adjusted operating profit for 2020 was SEK 296 million versus SEK 349 million in the prior year. The operating margin for the full year was 8% versus 8.1% in 2019. Again, we see the impact of the cost control measures that we have taken throughout the year, and our work on operational efficiency has helped with margins. Net profit for the full year was SEK 110 million, earnings per share SEK 3.15. Regarding dividend, due to the continued high uncertainty, the current proposal is that no dividend be paid right now. The intention with this is to maintain financial stability, also increasing flexibility for new opportunities that may arise. The board will evaluate this situation continually, and a further statement regarding dividends will be made during this year and absolutely at the latest in the release of the Q3 report on the 22nd of October. Moving on to slide five now. The Extraction & Filtration Technology division, Sven. Yeah. Extraction & Filtration Technology is the traditional Nederman branded product working with typically welding, wood, composite, et cetera. The key activities has to be to finalize the optimization of the operational logistics, especially in the EMEA, but also some work has been done in the Chinese area. This means that we have a very good efficiency in our main plants in Poland and in Helsingborg. We have continued efforts to modernize and digitize the product range. This has very much been in cooperation with the Monitoring & Control Technology division, and we can now say that a large portion of the stationary filters are going out with Insight ready modules, we call the SmartFilters. Not later, but 2023, all stationary filters sold will be Insight ready, so they can be linked to IoT solutions with the proper control system. The division has been very early on handling the cost control issues with the lockdown starting already in the spring, and we have followed up that and have, by that, been able to protect our profitability. The main challenge for Extraction & Filtration Technology has been the lockdowns, especially in Europe, partly in Americas, and in Asia. We can come back to that. Certain areas like India has been basically closed for eight months, where We're not allowed to have more than 10% people in at the same time, et cetera. You all know about these things. During the quarter, Germany had order intake, which was positive. There was sort of a build-up of demand after the lockdowns. They have new lockdowns. Let's see. Certain decline in Nordic countries, especially difficulties, Norway, and so on. U.K., completely locked down, and with the Brexit, but we have been able to maintain the delivery capacity because we have several years to plan for it, because it was a long, painful process before it finally got done. In France, we had a breakthrough order for the wind power industry in the southern parts of France, and we are glad for that. We will handle that with technology support from our Nordic countries. Spain came back, and we're in line with last year, whereas Belgium and the Netherlands has been very impacted by lockdown. Poland, however, has had good growth in many areas, both in food and in composite manufacturing, as well as traditional wood, which is strong in Poland. The distributor markets grew compared to last year, which was positive. India had a very strong Q4, but as we've said, it was lined up for that when they finally opened after many months of complete lockdowns. Wind power has been, and still is, an important area for us there. Thailand, solid growth. Other APAC country, a mixed picture. North America, we were slightly behind a very strong Q4, but we had some wood orders. Brazil, where they have had less lockdowns compared to other places, we have a continuing strong trend. If I talk through the financials for Extraction and Filtration Technology, in quarter four, order intake was SEK 450 million versus SEK 512 in Q4 2019. That's a decrease of 8%. Sales was SEK 437 million in the quarter. We see we actually managed to build a little backlog in that division. Adjusted EBITDA SEK 65.6 million gives a margin of 15%, which is actually ahead of the Q4 for 2019 of 14.9%, and this is despite negative currency impacts that particularly do have a bigger impact on this division than the others. For the full year, sales SEK 1.65 billion versus SEK 1.94 billion in 2019 is a decrease of almost 12%, or currency neutral. EBITDA SEK 222 million versus SEK 263 in 2019. There was a margin of 13.4%, so almost in line with the 13.6% they had in a very good 2019, when market conditions were obviously significantly more favorable. Moving on to the next division is Process Technology, and back over to you, Sven, slide six now. Process Technology is here where we have mainly large installations, including the processes. This is foundries, smelters, metal recovery, and fiber manufacturing, textile side of it. The key activities is the ongoing digitalization of the product line, same as for the other divisions, where together with MCT division, they gradually add more and more features and capabilities in these. 28 of the large installations made last year were completely fitted with what is called then MikroPul-Assist, which gives all data online in the cloud-based services. We are continuing to build the capabilities, giving more features to the customers, which mean that we can claim that we are future-proof supplier in this field. Very important to continue with that. Focus on strengthening orders received, obviously. This is the division that has been hardest hit by the hesitancy, the lockdowns, and the restrictions, and thereby jumpy investors. We come to the textile segment later. Securing profitability in the short and long term. We are very glad that due to the activities made, we've been able to be profitable, which is not all competitors that can say that in this very challenging market condition for this division. Some brightening, if we say, for the quarter, brightening in the marketing can be seen. We see that project that was halted early in the spring are now sort of gradually coming alive. We have also, with the cost control mentioned above, cut the expenses by over 20%. That gives us the maneuverability. Taking two segment textile, we have to realize that for a period of seven to eight months last year, 65% almost of all textile fiber-based industries were more or less completely closed down. That does not give a good incentive for further investment. We now see, and we have decided our new year, we've landed some orders, so it starts to roll again. The Indian market especially is important in this case. They have been, as mentioned before, with the enormous strong lockdown, very affected. China remains a bit difficult. They have been reduced. That has also to do with the trade war between China and U.S., where now a lot of that industry is moving to other countries like Vietnam, Cambodia, et cetera. The Monitoring solutions are growing. It's part of the standard range. We will further link that to the Insight solutions and the measurement and Monitoring systems that will further enhance and make it even more attractive with new features as we continue to develop that capability. If we go to foundries and smelters, the European market have some signs of recovery. Metal recycling, generally speaking, it's not a lot of new other trends, but one trend is recycling and should be an interesting area. Service operation continued only with the practicalities that you are not allowed to site, and that has been a problem. We are seeing that as a continuous issue, and again, the only positive we can say about that is that there's a growing interest for the remote monitoring that we are supplying for Divi 7 within the textile, with the MikroPul-Assist, with the combination of sensors, IoT solutions sending to the cloud, being able also to solve some of the issues over phone and over the web. Over to you. Financials for Process Technology division. Orders received for the Q4 were SEK 248 million. That's a significant drop from an extremely strong quarter four of 2019. It must be pointed out the drop is approximately 43% currency neutral. Sales for the quarter were SEK 262 million versus SEK 360 million in 2019. Adjusted EBITA for Q4 2020 was SEK 9.1 million, which, like Sven said, is positive, which compared to some competitors, we suspect are having large issues there. The SEK 9.1 million gives us an EBITA margin of 3.5% versus 7% last year. If we take the full year order intake for Process Technology, SEK 993 million versus SEK 1.462 billion in 2019 is a drop of 30%. Sales, SEK 1.137 billion, giving an EBITA of SEK 58.1 million, which is an EBITA margin of 5.1% versus 6.2% in the prior year. If we move forward onto slide seven, we talk a little about Duct & Filter Technology. Yeah. Duct & Filter Technology, we are supplying special duct for systems with high dust loads, and we also supply filter elements to the filters. The key activities has been the decision and ordering of a fully automated pipe welding system for the European market. It will be placed in our factory in Assens, Jutland, Denmark, and it's an important further step to increase our capabilities, both when it comes to longer pipe and efficiency. We are looking forward to continuing to grow the European business the same way as we've been able to do in the Americas and partly in Asia, and we will also revise investment in the Asian business later during the year. We have launched web-shop. Again, digitalization, make it easy. They have the slogan in this division, "Fast, friendly, and reliable," and now we're launching the web-shop, starting with U.S., and we'll roll it out in other areas. We have launched new system product for the food industry as an important part of this. The development in the quarter was positive in most markets, but again, the renewed lockdowns in Europe had some negative impact there. In Nordfab, under the brand name that we sell the pipe, we grew orders both versus last year's Q4, and also continued the good trend. We had a better order intake than Q3, and a growing number of digital orders, the web shop, and EDI and so on. We continued the digitalization, not only with IoT solutions, but also in the normal operations. In Europe, we had some negatives. Again, we blame it on the lockdowns, but we grew versus the Q3 2020. That's still a positive trend. Again, the Thailand plant is working very well. We have, for the Menardi, with the filter, we have increased opportunities, and some of the earlier postponed orders are now materializing again. It starts to move and starts to roll again. Onto the financials for Duct & Filter Technology. Order intake for quarter four was SEK 101 million versus SEK 89 million last year, which is a 15% currency neutral growth. Sales was slightly higher than order intake, SEK 106 million, which is 8% down from last year. However, due to better efficiency, mainly we could say, in operations, but also good cost control, our EBITDA was SEK 20.8 million versus SEK 8.3 million in Q4 last year, and that's an EBITDA margin of 19.7% for the Q4. For the full year, order intake was SEK 403 million, which is 12.8% behind the full year 2019. Sales was SEK 458 million. That's approximately 16% down versus last year. EBITDA, SEK 64 million versus SEK 69.6 million in 2019. That is an EBITDA margin for the full year of 14% versus 12.5% last year. We see that the overall division is operating in a more efficient manner now. I think it's worth to mention that Duct & Filter Technology is normally the early warning. They are moving much faster than the other divisions when it comes to if you see a change. It's a little bit a positive sign that they had a good Q4. Absolutely. Moving on to Monitoring & Control Technology, slide eight now, Sven. Yeah. Monitoring & Control is where we have our IoT solutions with the Nederman Insight. We have our measurement control for gases, particles, and we have that fairly new. As you know, it's been from our own development as well as the acquisition of specialist companies that are technology leaders in their field. Key activities has been to launch new functionalities in the Insight, improving flexibility, and user-friendliness for the platform. We have now a very strong platform that can continue to deliver new functionalities in an easier way and create more attractiveness for the user. We have established business toward the process industry in the U.S., and that is progressing. U.S. has been, beside AFS, the Boston-based company there, has been a weak spot for the other European-based companies. We further focus on digitalization of all key processes. Development in the quarter. The trend for product sales and service among divisions end customers was very positive through development in Asia, though the development in Asia was affected to some extent by travel restrictions. Some of the activities and growth initiatives we had planned during the years has been hampered by the fact that we have not been able to send people. The travel restrictions had slowed us down. The EMEA orders declined somewhat compared to Q3 2020. Again, large variations, but emission-related sales are generally less negatively affected than process control. What we mean that process control is the ones that are in the process and more linked to new investment. APAC orders were also slightly behind the Q3 2020, but emission-related sales were relatively strong. Sales in Americas increased significantly compared to Q3 and also Q4 last year. We are now able to go to market directly with our process-oriented product and services, and that has been well received. We have also increased our capability with local or regional, I would say, based-service technicians, which is also giving us some good result. Moving on to the financials for Monitoring & Control Technology. What we must remember when looking at the financials for this division, particularly in Q4, is that we owned Gasmet in 2019 for only a short portion of the year. The acquisition was completed just after the turn of December. If we take our incoming orders for the division, SEK 118.4 million in the Q4 was a currency neutral growth of 30%. Sales SEK 152.1 million in the quarter, was a good quarter for them there versus SEK 114.6 million last year. That's currency neutral growth of 37.6%. Adjusted EBIT for the quarter, 34.1% versus what was a very strong Q4 last year as well of SEK 32.6 million. EBITA margin now for that division in Q4 was 22.4%. If we move on to the full year for this division, order intake just shy of half a billion, SEK 496 million. Sales just over half a billion at SEK 507 million. That's a growth of 87%, which we're obviously pleased with. Adjusted EBITA SEK 94.6 million for the full year 2020 versus SEK 44.6 million in 2019. The EBITA margin for a full year now 18.7% versus 15.9% in 2019. If I move on to slide nine and look at the regional development, I will spare you the pain of reading out all of the numbers on this slide, but I think the most important takeaway we should have from this, and it's true for both the quarter and for the full year, is that you see the delta, the drop versus 2019 is most significant in EMEA, where we have seen the heaviest lockdowns and the most prolonged lockdowns. Americas and APAC have seen a decline in both Q4 and in the full year, but not by as much as we have seen in Europe, like I say, where we have seen these lockdown restrictions, which impact both investment decision making particularly in terms of larger projects, but also hampered to some extent the service business, in terms of accessibility and so on. If I move on to slide 10 and look at the cash flow from operations, we see a somewhat steadier development throughout the whole of 2020 versus 2019, but we still see this very strong Q4 of the year even in 2020. Cash flow for the full year from operations in 2020 actually exceeded that of 2019, which we are obviously very pleased with. This is something we've worked extremely closely with in these tough financial times, is to ensure that our operating working capital is utilized efficiently. If I then move on to slide 11, means that you see a drop in net debt in the Q4 of the year. We've seen a steady reduction in debt from the Q1 onwards. The majority of that change is due to the good work in capital development and cash flow performance. If you move on to the slide 12, a little summary of Q4. I'll let you, Sven, take that. Let's have a very short summary of the last quarter of last year. Extraction & Filtration Technology, the lockdowns, especially in Europe, has had a major impact. We have seen growth in APAC, despite all the difficulties, a healthy profitability. Process Technology have seen continued postponed investment decision. We can see now early in this year that there are some positive signs in some area more than others. The good cost control have given continued profitability. Duct & Filter Technology, growing order intake, increased production efficiency, and thereby better profitability. Monitoring & Control Technology, strong sales and high profitability. Continuous improvement in Nederman's digital product range continue here, and we continue to spend time, money, and efforts to stay ahead in this game. We see more and more interest in these solutions. For the group, profit margins good, strong cash flow. Still mixed signals from the market with some positive signs, but the lockdown impact is still apparent, and we are waiting to see what happens during the coming months. Finally, onto the outlook on page 13. The outlook continued extreme uncertainty regarding development of the global economy. For the Q1 of the year, Nederman expects the effects of COVID-19 pandemic to remain significant in most of the group markets. If vaccination programs that are now being initiated throughout the world have the expected effect on the global spread of infection, we anticipate a cautious recovery in the H2 of 2021. Accordingly, it's currently not possible to provide detailed forecast of developments in coming quarters. However, during 2020, Nederman conducted a series of measures to maintain healthy profitability, and the effects of these measures should continue to be seen. We still see good opportunities to further advance our position, not least by launching new products and continuing the development of our digital offering. The problems with poor air quality in the world remains extensive, leading to larger number of people dying prematurely every year, and the underlying need for Nederman's products is significant. Okay. The final slide on the financial calendar. We release the figures for our Q1 on the 22nd of April 2021. The AGM is four days later on April the 26th. January to June, Q2 is released on July the 15th, and the Q3 report is released on the 22nd of October. With that, I think we can open up for questions. Thank you. Ladies and gentlemen, if you have a question for the speakers, please press zero one on your telephone keypad and you'll enter a queue. After you're announced, please ask a question. That is zero one to register for a question. We have a question from the line of Marcela Klang from Handelsbanken. Please go ahead. Good morning, Sven and Matthew, and thank you for the good presentation. Obviously, the pandemic is affecting many companies, and you also gave a very good overview of the outlook, what you can see right now. Do you have any feeling how your competitors are managing or how your customers are managing? Are there any potential structural opportunities for you appearing for future M&A or something like that? Yes. Difficult to answer in a politically correct way, but we have never had so many requests and inflow of- You can say like this, exactly, my inbox is receiving more teasers from companies than for a very long, probably ever. They are coming in thick and fast at the moment, and they are being evaluated. Some may be cash flow issues, and others see the opportunity maybe to divest certain parts of their business. What is your view of this? Is this something interesting? We are always looking, you know that. We are evaluating all the time. Let's see what comes out of this. We are obviously also focusing our interest in what will give synergies with the investments made and have a special interest in continue to grow the new technologies we have in the MCT division. Thank you. You mentioned a lot of modernization and digitalization activities for 2021. What else are you focusing on in this year, maybe on a group level in terms of further cost actions, adjusting capacity or what are you focusing on near term? I can make an attempt at answering that. In terms of the cost cutting that we did in 2020, we don't see right now, as long as there's not a significant change or a significant further drop in the market, we don't see that those activities will need to be repeated further to do more there. Obviously, we're working on a one foot on the gas, one foot on the brake here, and as we see the market opening up again and the investment decisions coming in and such, then we will look to obviously to take those opportunities, and if that requires more investment in personnel or whatever, in terms of operations, we will make those changes. We don't see that there's a need for further costs now. For example, we see on the level of revenue that we had in the Q4, we still managed to achieve a 10% EBIT. Okay, the absolute numbers in SEK are not as high as we would like to see, but we're quite happy with the margins that we have right now, at least. Of course. Obviously, follow-up question, is this cost level sustainable once we start opening up and traveling more and spending more? What I can say to that is we don't see in the short term that we should need to accelerate costs at the same speed as sales would increase. The cost level is to some extent sustainable. Of course, you can't grow forever without increasing your expenditure, but we would expect the growth in sales to outrun the growth in expenses, at least in the short term. This may be too bad. What we are doing is that there are significant layoffs, and since some companies are barely up at the moment, we have taken the opportunity to add on and exchange some senior persons, especially in sales and market development around the world, where we felt that that is an opportunity. That we add, and all we add is we continue to develop our product. We are launching new product continuously now, and we will during later in the quarter as well, new features also including, maybe in April, including Gasmet for the Insight Control, so they can start doing remote services on their equipment, et cetera. That's a continuing effort. We have not halted our development when it comes to these. When you talk about digitalization, it's not only the IoT solution that is digitalization. We are trying to be as modern as possible with new quotation tools, modernizing. We will have a completely new quotation tool, web-based, for the ducting systems here late March, early April, which enables the installer to basically do the drawing, from a drawing, just make a bill of material coming out with us, and that's instead of a three, four, five -hour exercise, maybe an hour's exercise. These types of efficiencies, again, fast, friendly, reliable, that is investment when we talk about digitalization. Not only IoT, not only remote control, but we try to be, as we say, future-proof for our customers going forward. Understood. In terms of capacity utilization, what level are you at right now? Low. Less than 40%, 50%? It depends on how you're calculating. If you extend to shifts, then of course, when it comes to the manufacturing side, we can increase, I would say easily 20%. Yeah. Absolutely. Easily. Yeah. That also basically helps with keeping the cost down in the first phase of the opening up and recovering. Which segments do you expect to be the first ones for you to open up, given the latest signals you are receiving? Where the underlying need is the strongest and the investors are ready. That's not the same thing because the need is very strong when it comes to recycling of material, but it's longer processes, and it's bigger investments. I think that there's a growing interest in, if you look at recycling, whether that is recycling of waste into energy or recycling of metals or other recycling, that's the long-term trend in which we believe will be very strong. Again, this is long cycles, and we've seen with the heavy investments needed, this is also depending on the regulations, and so on. I think that in short term, you will see in the engineering sector, the fastest bounce back in EFT when they start producing again. We will probably see a service upturn, and so on, in a number of areas, in especially textile that has been so pushed back, there will be a need to start again. Where I believe there will be a continuous demand is the measurement control, because the way we have been working over the last year, there is a growing interest in understanding that things can be sold over the web, even if they're not used to doing it that way. I think that will come back. It's also, if you really want to control your emissions, you need to understand and measure it. I think that could be a bounce back fairly quickly if we open up for it, and it happens. You can see the regulators in China especially are now pushing for measurement, and we are in the front line of capabilities when it comes to mercury, dioxides, et cetera, and we've seen that. The drawback is that we haven't been able to travel, we haven't been able to visit and show and set up the structures, and limitation also with installations. It was a long answer, but it's very difficult to say because it's going to be dependent also on what the industries get back to business first. As you see here, Nordfab will do that. That's installation. It's a number of installations that's been held back because they haven't been able to assess sites. It's been slowed down, slogged down. There they have seen a recovery last quarter. Next division probably to follow is EFT and MCT. The one that will take some time probably is Process Technology, but you don't know. If someone decides, then of course it takes, but the process of getting it through takes several months. Maybe a final question from me. Do you also see any of these subsidies, the Green Deal programs, affecting you directly or indirectly, and supporting demand for your products? Not in the short term, potentially long term. The green subsidies has very much been focused also on green gas emissions, in the sense, for some reason, whereas we have, which is a bit dubious when you see that The Guardian last week publicized a new, we have said and known this before, a new report that 8.7 million minimum, 8.7 million annual deaths in 2018 could be attributed to bad air quality. China themselves said that at least 20% of all deaths in China are related to bad air. Again. What you can say on this is that not directly in the short term, because of what Sven says, a lot of this is actions that are focused on CO2 emissions. However, they should drive new investments regardless of what they are. Yes which are beneficial for Nederman. We have a feeling that there's a lot of discussions on what is green and what is not at the moment. If you take the Swedish forestry industry and things like that, they're lobbying very hard. We suspect that there will be changes to the system and what investments come in, and that will further benefit Nederman going forwards. In the mid long term, definitely it will have an impact, and the awareness is growing. Yeah. True. A lot of opportunities, and hopefully the vaccination programs throughout the world don't get hit by further delays, and we all can start returning back to normal towards middle of this year. Thank you so much. That was my questions. Thank you. I remind you that if you want to ask a question, you will have to press zero one on your telephone keypad now. We have a question from the line of Herman Eriksson from Handelsbanken. Please go ahead. Hi, guys. Thank you for the presentation. My colleague Marcela covered most of our questions, so I just have one more question here. Looking at the orders and looking back at 2020, to what degree should we just see the lost business during the year as simply postponed and to what degree as lost business? How to answer that? We have this discussion a lot. The one thing that we should point out is that we don't feel that we have lost market share. No. Probably on the contrary, but it's a very difficult science to get there. To break down what is lost and what is delayed, that's quite a difficult one. On Process Technology, the majority, I would say, is delayed. We don't see projects canceled, but the willingness to make the final decisions or even the practical ability to finalize projects is severely hampered, and that's not a good thing. Sven, I don't know, maybe you'd want to say. No, I think you've covered it. It's not that projects are closed, but it can take some time before they have financials or willingness to do it. We have to realize that in a number of cases, we are just a small portion of the investments. Great. Thank you very much. There are no further questions at this time. Please go ahead, speakers. If there's no further questions, we thank you for taking the time listening to us, and we'll meet again, we hope, in April. Thank you very much.