Good morning, and welcome to the Nederman Holding Q2 presentation for 2022. Afterwards, there will be a Q&A session. Today I am pleased to present CEO Sven Kristensson and CFO Matthew Cusick. All participants will be in the listen only mode. Should you need assistance, please signal an operator by pressing star then zero on your telephone keypad. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then two. Please note, this event is being recorded. With that, I will hand over to the speakers. Thank you very much, and good morning, everyone, and welcome to the presentation of Nederman Holding's interim report for Q2 2022. Second quarter, as we have had on the headline, we have had a strong momentum, we would even say excellent order intake and growth. We also can see a significant demand for our digital and energy saving solutions, coming back to that slightly later. We have also had a strong sales growth, and we've got projects booked across a wide range of industries, and our focus on recyclability, recycling industries, et cetera, and energy sector has paid off. We have managed to increase profitability, and we have added a small acquisition in Australia, Ezi-Duct, in this quarter. Having said that about a very strong momentum, there are continued concerns. There are tangible supply chain problems that has impacted sales negatively. We see a clear cost inflation. It's energy, it's material, logistics, and also salaries in some areas. There's also component availability challenges, something that we have to spend quite a lot of time to secure that we can supply to our customers. Then, of course, the geopolitical concerns continue. We have a full-fledged war in Europe, which could have an impact. Again, what has had a major impact on second quarter, the COVID related lockdowns in China that now have eased a little bit. Again, we've got yesterday a report that there were partial lockdowns in Shanghai again. Moving on to Ezi-Duct. Ezi-Duct is a small company. We acquired it in April, and we acquired the assets and operation. We have here a company that manufactures and supplies ducting and some fume extraction for the Australian market. They have three sites in this continent, but it's a small company. It gives us a further base for Nordfab and also Nederman. The integration has completed, and it's now trading under the Nordfab brand. Small company, approximately 30 employees in these three different sites in Australia. If I move on to slide number four and summarize the orders and sales. Good order intake is the headline, and the backlog continues to build. Whether building backlog is good or bad, that's debatable, but we've had an extremely good order intake quarter two. SEK 1.39 billion in sales in orders versus SEK 1.058 billion in the same quarter last year. Currency neutral, that's 23% up. Sales in the quarter were 12% up versus the same quarter in 2021. SEK 1.172 billion was the figure there. For the period for January to June, order intake currency neutral is actually up by the same percentage, 23%. SEK 2.734 billion there. Sales almost half a billion krona lower, so we've built significant backlog, which is what we can say there. SEK 2.266 billion for the first six months of the year, 15% up versus last year. If you see on the charts on the bottom of slide four, the orders on the left-hand side, you can see that we've actually on a rolling four quarters basis now actually topped the SEK 5 billion mark. We've had three very strong order intake quarters in a row now. On the right-hand chart, the sales, we see that we're not quite up to that SEK 5 billion level yet. The conclusion is, of course, that we have built some backlog and have a solid backlog going into the second half of 2022. Slide number five, profitability. In the second quarter, adjusted the EBITDA was SEK 125 million versus SEK 113 million in the same quarter last year. That gives a margin of 10.6% versus 11.6% in the same quarter last year. Significant change in our mix is one thing, the mix of sales between the divisions is one thing to say there, and of course, the challenges with the supply chain and slightly frustrating level of sales is the main contributor to the reduction there. After adjusting for this Norwegian pension scheme free ride, we got over roughly SEK 26 million on the profit after tax last year. Profit after tax increased to SEK 75 million from SEK 56 million for the same quarter. Earnings per share, SEK 2.13 versus SEK 1.61 for Q2 last year. EBITDA for the year-to- date, adjusted EBITDA for the year to date, SEK 240 million now versus SEK 214 million last year. Margin coincidentally 10.6% year -to- date and 11.6% last year, the same as for the quarter. Profit after tax, SEK 145 million is a clear increase in earnings per share, also significantly up to SEK 4.14. We see on a rolling four basis that we are clearly over SEK 500 million on the adjusted EBITDA as well. The final slide, purely financial, is number six, where we see cash flow and net debt. We had a good quarter again, and the cash flow from operations was SEK 148 million, slightly lower than the very strong Q2 last year. Remembering 2021, we were seeing a significant recovery in cash flow from the Process Technology division, where we had a very low level of order intake through the second half of the heaviest pandemic year of 2020. In 2021, we started receiving down payments on a significant number of larger orders. The progress has continued on order intake, but of course, we were not recovering from such a low level. Cash flow year -to- date, SEK 140 million versus SEK 254 million last year. On a rolling four quarters, the cash flow from operations is still above SEK 400 million. Net debt has reduced in the past 12 months from SEK 1.24 billion to SEK 1.13 billion. It must be remembered that in that period, we have also actually paid out approximately SEK 160 million in dividends as well. A rather heavy dividend payout and a very good cash flow means reduced net debt. On to slide number seven in the Extraction & Filtration Technology, Sven. Extraction & Filtration Technology, as you know, it's the largest division, and it sells mainly to different engineering companies. It's like the energy sector, wood, welding, et cetera. The development during the quarter is that we have had a good order intake in all channels and in most markets here. We got six larger orders. It seems like some of the postponed orders from earlier years has now come in. We've seen that we have a good momentum in our chase for more service and aftermarket revenues. We have a very strong order backlog, which is again a two-sided sword because we would have liked to deliver more. We have also in this division seen challenges mostly on transportation means in Europe, et cetera, et cetera. In EMEA, we have had a positive trend in most markets and a good growth, as I mentioned, in service and also selling in solutions. We booked four major orders, and it was defense industry, it was aerospace, window manufacturing, also wood. We also had a big order for a solution for a Formula One motorsporting team which we're not allowed to tell you who it is. In Americas, we had very good order growth in all markets and channels, and we had also here good growth in our aftermarket, and this is much linked to the digitalization. Two very good orders in wood and a number of other small mid-size. We are enhancing our position as the absolute number one in the woodworking market in the Americas. APAC, we had a small growth. The continuous disappointment is of course China because it's remained very weak. It's been locked down, virtually locked down, so not much has happened in that area, and that has had a negative impact. Again, we have some key activities. We have taken the decision to build a new facility in Helsingborg, Sweden, in order to optimize logistics flow. Our factories are currently in two locations. We should increase production capacity and efficiency, and we are also building a test and innovation center where we can further test our products. It's not so that we will have all R&D centralized, in no way. It will continue as it is, but we will increase our capability, especially for the EFT division and testing capabilities and working together with the insight, digitalization, measurement, et cetera. We will also be able to do long-term tests here. We expect to move in first half of 2024. We continue to work to counter freight problems, et cetera, and other problems that occurs, and as the division head says, we adapt, improvise, and overcome the hurdles as best we can. Briefly on the financials for Extraction & Filtration Technology, order intake increased by 18% to SEK 595 million in quarter two. Sales, as we mentioned, grew to SEK 475 million, which is only 1.5% growth. We have a clear backlog build there. Adjusted EBITA was in line with last year at approximately SEK 80 million. If we take the year-to- date, growth in order intake is 16% and sales is 6.5%. Again, a clear backlog build. We are SEK 16 million higher in adjusted EBITA for the year to date, and the EBITA margin very much in line with where we were at this point last year, which is positive considering the challenges with inflation and other costs, for example. We will move on to Process Technology on slide number eight. Now, Sven? During the quarter, we continued to have very strong orders received. We have increased sales as well, and actually project execution. Still due to the lockdowns in China, we have had some difficulties. We have managed to move some to India and other places to get things out. Again, increased sales, and we have continued our effort to grow the service and aftermarket business, and so we did also this quarter. That's giving better profitability, and we have a very strong order backlog. It's actually more than double that from a year ago. However, we work hard to get that and convert that into sales. Textile and fiber, we have again orders, good orders received in all markets with one exception. I'm getting boring you by saying that China is a problem, but it is, because of the lockdowns. Increased investment in markets such as Turkey, India, and also parts of Latin America. Our Indian business here in textile and fiber are developing very well. We also received a significant non-woven order in U.S. in the hygiene sector. Non-woven is related very much to where we have a very strong position of the acquisition of Luwa in spinning, weaving mainly. But the technology is quite similar, and we have, over the last two years, developed the technology and now seeing some orders and further interest since we have launched the new lines, new technology with the significant technical improvement compared to the traditional way of having non-woven factories. Combining that with our digitalization, we have seen a growing interest. If we go to the more traditional foundries, smelters, hot air application, we have seen increased demand from recycling industries in Europe. Here we have areas, where we have historically been very successful in aluminum recycling, but also in some other nonferrous technologies. Several major orders were secured, and again, we had some involvement in Turkey and a big foundry customer and our other areas, and we are continuing to try to launch our standardized model into the U.S. market, which have been used to using other technologies. In customized solutions, we have had a number of medium-sized orders, and we have a strong quotation pipeline that we hope will materialize later during the year. Key activities is trying to hang on to price adjustment and make sure that we can maintain profitability, or grow profitability in the markets. For this project also with the transportation, it has been an issue over this period. We have continuous challenges, and they remain in China, as we said. We have had lockdowns in our two factories for two months. We have had shipping problems since they shut down Shanghai port for a long period. This in combination, you've seen that our order backlog has grown faster, and we will have to handle that, and we are doing our utmost to convert the strong backlog into sales during the coming quarters. Thank you, Sven. On the chart on the top right of slide eight demonstrates what Sven was just referring to quite clearly. We've clearly got order intake each of the last six quarters have clearly exceeded sales, and the backlog has increased accordingly. Financials on the bottom section of slide eight, we can see that order intake in the quarter grew by 34% to SEK 461 million. Sales, SEK 383 million is 23% up. Even if we're frustrated, it is a 23% growth, it must be pointed out, and adjusted EBIT in the quarter is SEK 14.4 million, which is 3.8% versus just a very modest profit in the second quarter of last year. January to June, order intake growth currency neutral is 33%, sales 28% up versus the first half of last year, and EBITA now SEK 25 million is 3.4% versus SEK 8 million in the first half of 2021. If we move on to slide number nine is Monitoring & Control Technology. Yes, Monitoring and Control Technology second quarter. We had a good order intake, especially in Americas. The restructures we're doing by adding more sales, going more direct and combining the MCT and building from the strong position we've had with AFS in Boston is paying off. However, the lockdowns and the problems over here is even if we are very successful so far, we are behind plan due to the earlier restrictions. We are speeding up now when U.S. has opened up. We have severe challenge in obtaining component within normal timeframe, and that has a negative sales impact. We are doing what we can, and we are handling it. There are some easing in some areas regarding this. We have, on the positive side, an all-time high order backlog, and that bodes well for the coming quarters. Going into the different regions, in EMEA, orders received and sales in line with Q2 2021. The activity slowed in some markets due to the war in Ukraine. Gasmet had continued strong growth in Germany and the U.K., where we had added resources and are building the MCT sales organizations in these two important markets. We are less and less dependent on distribution market, and going more and more direct, and we see that that pays off so far. APAC, it was in line with Q2, NEO Monitors was doing relatively well, and that comes from a high-tech new product. Gasmet orders received and sales declined, and that has to do with the lockdowns. We have a large operation in Hong Kong or sales and service organization, but the lockdowns has prevented us from shipping and continue our work. Yeah, negative order intake in China, disrupted deliveries and so on. Americas orders received and sales grew versus same period last year, and we are seeing a growing activity among the customers. All three companies or sub-companies, NEO Monitors, Auburn FilterSense and Gasmet continued with a very positive trend. Signific ant continued activity in managing supply chain issues. This is the division that is most hurt because it is the electronic side, the specialty electronics that cannot easily be shifted. We are trying hard to keep up the price adjustment to counter the cost inflation for components. Again, the integration of the small acquisition late last year of Energy Save is proceeding according to plan, and we will have integrated their capability, their logistics, and it will be shown in Germany in ACHEMA, and it will show IWF, the woodworking fair in Atlanta late August on both this. We are looking forward to good reviews on that one. Financials for Monitoring & Control Technology, order intake growth in the quarter was 6.1% versus a very strong Q2 already in 2021, which must be pointed out. Sales up only 1.3%, and we see this difference if you look at the year-to-date, currency neutral order intake growth is 9.3%, which is stronger in a division that was not impacted as badly by COVID as the others. However, the sales, the frustrating thing is 1.1% currency neutral growth versus the same six months last year. Adjusted EBITDA in the quarter, still SEK 26 million, is 17.7%. That is lower than where we were last year on SEK 32 million and 23.5%. Year to date we're on SEK 44 million in adjusted EBITDA versus SEK 53 million at the same point last year. Moving on to Duct & Filter Technology on slide number 10, Sven. Yeah. The Duct & Filter Technology Q2, we have had a positive development in both segments, I would say all regions, especially doing well on the filter side, mainly. Orders received and sales increased even versus a very strong first quarter in this year. Inflation and price pressure is squeezing margins. Nordfab, strong orders and sales versus Q2, significantly rising cost for material, also personnel and maintenance impacted profitability. Last year, we were able to ride the wave, increasing prices, and still postponing the incoming price adjustment for steel, and that impacted very positively in the period. Now we are more in line with the or actually a little bit overpaying. This is the reason for the change in margin here. We have had very good increase in orders received, both on the European market and the U.K. in particular, and we are continuing to build the capacity here. We also saw a continuously good development in our Thai factory for the Asian market, especially the domestic Thai market. For Menardi, the filter business, we had good growth and good orders received in both U.S. and also in Europe. The quarter was very good in U.S., and we have seen a clear increase in orders received towards the end of the quarter. There was more volatility in April and more questions. Again, the acquisition of Ezi-Duct and formation of Nordfab Pty Ltd in Australia provides a small platform to grow in a very interesting high-price market, which Australia is. We are currently investing in bringing them into our ERP system, making it a professional company, and from there on, early next year, we expect to start our growth journey there. We have, as mentioned before, taken the decision to increase our capabilities in Thomasville for Nordfab, and they have now started to lay the foundation. As mentioned in first quarter next year, we will be ready. This will pave the way for Nordfab's new concept and the aim of delivering to customers within 24 hours will be strengthening our very, already very strong market position in that sense. We will also upgrade machinery as we go. The new automated ducting line in Denmark are working at full capacity that has, again, a positive impact. The interactive 3D tool that we, a bit, less than a year ago won the, innovative award is now also turned into metric and is launched, started to be launched here in the European market. Again, we continue to monitor, adapt to the changes, the inflationary cost, material cost, etc. The financials for Duct & Filter Technology, incoming orders SEK 174 million is 36% currency neutral growth versus Q2 last year. Total sales were SEK 190 million, which is 29% currency neutral versus Q2 last year. Adjusted EBITDA SEK 28.2 million versus SEK 24.7 million in the same period last year. The margin down somewhat to 14.8% versus 18.8% in Q2 last year. January to June, currency neutral growth in orders is 36%, sales 27%. Adjusted EBITDA SEK 60 million now versus 50.6 in the first six months of last year, so a good SEK 10 million more coming from this division. The EBITDA margin 16.5% for the first six months of 2022. If we sum up on slide 11, Sven. Yeah. We summarize this with the headline strong momentum. We continue to advance in the global market. We have orders and sales growth in all four divisions. Extraction & Filtration Technology had strong improvement in orders received, and it was both solid base business and a number of larger orders. Process Technology continued to grow with orders and sales increasing despite the negative impact of lockdowns in China. Profitability clearly improved and cash flow was very good. Duct & Filter Technology continued a strong development. Higher material costs contribute to reduced EBITA margin, though EBITA and sales continued to increase. Ezi-Duct was acquired and we are now fully involved in the integration. Monitoring & Control Technology delivered stable performance in challenging market situation. Orders and sales increased modestly, even if component challenges hampered sales. Some continued concerns, tangible supply chain problems. It has had, as we mentioned, impacted sales negatively. There's a clear cost inflation on energy, material, logistics, salaries, etc. Again, component availability. The geopolitical concerns continue and COVID-related lockdowns in China is still a challenge we have. Moving forward to the outlook. In short term, the recovery in demand continued during the second quarter. Our base mixes and strong digital offering enable us to assert ourselves well in the current market and demand is growing for projects. We do see that supply chain problems and the high prices of energy materials, logistics are impacting customers' investment decisions. There is clear likelihood of continued geopolitical uncertainty and overall we remain cautiously optimistic about future quarters in view of, among other things, our strong orders received in recent quarters. For long term, Nederman's long-term potential continues to strengthen. Insight into the damage that poor air does to people is increasing. Nederman has a leading offer within industrial air filtration, a key role to play, and almost unlimited possibilities for growth. What is needed is even more political will throughout the world to use regulations and incentives to reduce risk for millions of people dying prematurely each year from breathing in dirty and hazardous air. Financial calendar is the final slide here. The interim report for Q3 will be released on the 24th of October this year, and our year-end report will be on the 16th of February, 2023. With that, I think we can now open up for any questions that listeners may have. Thank you very much. We will now begin the question -and-a nswer session. To ask a question, you may press star then one on your telephone keypad. If you're using a speaker phone, please pick up your handset before pressing any keys. If at anytime your question has been addressed and you would like to withdraw your question, please press star then two at this time. We will pause momentarily to assemble our roster. Again, if you have any question, please press star then one. If there are no questions. Yeah, sorry. Yes, sir, we don't have anyone in the question queue. Would you like to give any closing comments? Now, we thank you for having listened to this presentation and we wish you a continuous good day. Thank you very much, everybody. Thank you very much. With this, we conclude today's conference call.