Good morning, and welcome to the presentation of the strong Q3 report of Norva24. My name is Henrik Norrbom, and I'm the CEO. With me on stage, I have our CFO, Dean Zuzic, and our Corporate Development Officer, Stein Yndestad. Stein is also responsible for investor relations. Okay, before we start jumping into our strong Q3, I would like to take the opportunity to share my reflections on the Norva24 case. We start from the left. This is a market that has experienced and will experience strong growth for many years to come. The underlying trends show strong growth due to some key drivers. The infrastructure we are present in is critical, it's old, and has a huge investment debt. Climate change is also putting the system into severe pressure, which will require more preventive maintenance going forward. For example, the cleanup after heavy rainfalls. We have all seen the flooded streets when extreme rainfall hits. Going forward, the market is huge and far from consolidated. The market we are currently serving is estimated to be close to 40 billion NOK. That means that we have a market share of less than 10%, but are still the clear market leader in Northern Europe. We are operating in a large and an acyclic growth market with proven resilience throughout downturns. Last theme to the right, we have shown that we have a proven model for growth and value creation. Worth mentioning, M&A will be very high on the agenda going forward. Okay, slide three. Before going into the numbers, the Q3 numbers, I want to present a slide with my reflections and beliefs that is important going forward. We need to continue to work with the price component in a combination with proactive cost handling. High focus on improved utilization, maximize utilization of vehicles and personnel, improve low-performing units, work in a structured way to lift them up to the right profitability levels, and make sure we have the right people in the right place. Focus on growth, both organic and M&A. These are four important areas going forward for Norva24. Okay, next slide. Okay, now, on to the numbers. This is a very strong quarter. We see the strong revenue growth continue. Our revenues are up 29% in Q3. Even more satisfactory is the result the increased pricing and utilization has had on profitability. It is a strong momentum through the P&L. Our adjusted EBITDA was NOK 124 million in the quarter, which is an improvement of 43% year-on-year. This is our highest adjusted EBITDA in a quarter ever. This resulted in a margin of 15.7%, up 150 basis points on Q3 last year. Looking at the operational highlights, we see positive development in all markets, with Norway as the profitability driver. Germany is still growing at a very high rate, while margin being somewhat softer in the quarter. Sweden is showing good growth and a slight improvement on margins. Denmark is continued the strong improvement, and the playbook for improvement is working. This fall, we also just signed two acquisitions, one in Sweden and one in Germany. All in all, a really strong quarter, with 29% growth and a record NOK 124 million of adjusted EBITDA. Now, let's go through the countries. We have changed the slide there. Perfect. Starting with Norway. The growth and profitability in the Norwegian operation is at high level. Even on the back of 9% organic growth in Q3 2022, we see an organic growth rate of 12% this quarter. This, combined with higher utilization, has a very positive impact on profitability. The margin improvement year-on-year is 530 basis points up in Q3. I mean, we did have some short-term positive impacts from the Storm Hans, but this only meant a few percentage points on the growth and almost neutral on the margin of the quarter. But it really puts the state of the underground infrastructure on the agenda, which will, of course, have a positive impact on the UIM business going forward. Okay, next slide. Some water. Germany is our largest market, with 37% of the group's revenue, and the growth is still strong, mainly on the back of acquisitions. Of course, currency also plays a role in the numbers presented. This will vary over time. But adjusting for the currency impact, the growth is still more than 30%. Margin is below Q3 last year, partly due to M&A, but compared to Q2, the margin is up 150 basis points. The majority of our branches in Germany show positive margin development, but unfortunately, we have one company that is underperforming, and here we have a plan in action to improve performance. And let's see. Yeah, we have Sweden there. Perfect. Next one, Sweden up. Here we see an organic growth of 7.7% in the quarter, combined with a solid EBITDA margin. Margin is 16.3%, up 200 basis points compared to last year. In general, we see better utilization and the lower activity level we saw and communicated in Q2 in the Stockholm flushing market has picked up and is now back to more normal levels. These branches are now producing solid margins again. Worth mentioning about Sweden, we have a strong M&A pipeline in the market, and we actually closed an acquisition in Malmö just two weeks ago. Okay, change slide again. To the Danish operation, it is really good to see the positive development in Denmark. The improvement plan starts to pay off. Profitability is up 350 basis points in the quarter, and we see the strong development in recent quarters continues. Also worth mentioning, we did an acquisition in Denmark in Q3, which will strengthen our position in the region. Denmark is actually the market where we cover the greatest share of the country, and this enables us to serve nationwide customers in a really good way. Last slide for me, before handing over to the P&L. Looking at the longer time series, we see excellent growth achieving since the IPO. The IPO, the last twelve-month revenue prior to the IPO was NOK 1.9 billion, which has grown by 60% to more than NOK 3 billion now. Year-on-year in Q3 is 29% up. This is the result of 7.8% organic growth and 14.2% organic, acquired growth. With this growth, we are on the path of reaching our 2025 revenue target of NOK 4.5 billion. Strong improvement of margin through the year, uplift of 350 basis points year-on-year. This is the result of achieving, a result of it actively working on increasing prices and utilization of personnel and equipment. As you can see on the quarterly EBITDA chart, there are seasonal variations, as Norva24 is mostly working outside and is affected by seasonal weather. Normally, we see a lower activity and efficiency level in Q1 due to the winter weather in Norway and Sweden in particular. But last year, we also had an early winter in Q4, which impacted our efficiency and margins in that quarter. Knock on wood, we have not had much winter so far this fall. Now it's time for me to hand over to Dean Zuzic to run us through the P&L. Thank you, Henrik. Let me run you through the numbers, the P&L balance sheet, and say a couple of words about our cash flow. As you've already heard, Q3 has been a very strong quarter for us. We experienced strong growth and efficient operations, resulting in improvements in all KPIs: EBT, EBIT, EBITA, and EBITDA. To start from the top, total operating revenue is up 29% for the quarter, from NOK 612 million to NOK 792 million, and 31% year to date, from NOK 1,747 million to NOK 2,296 million. Total operating expenses increase is in line with the increase in revenues, up 28% for the quarter, from NOK 466 million to NOK 598 million, and 33% year to date, from NOK 1,371 million to NOK 1,826 million. We are especially pleased to see that our personnel and vehicle operating expenses increase less than our revenues, showing efficiency gains in operations. This leads to an EBITDA increase of 33% for the quarter, up from NOK 146 to NOK 195, and 25% year to date, up from NOK 376 to NOK 470. Depreciation is up 19% for the quarter, from NOK 60 to NOK 72, and 21% year to date, from NOK 175 to NOK 212. This leads to an increase in reported EBITDA of 44% for the quarter, up from NOK 86 to NOK 123, and 29% year to date, up from NOK 201 to NOK 258. Amortization is technical, and stems from the PPA allocations from acquisitions, while net finance is up significantly, as you can see, but that is because of net agio increases following the weakening of the Norwegian currency. This gives us an earnings before taxes for the quarter of NOK 88, which is up 27% from 69 last year, and 210 year to date, up 24% from 170 last year. After adjustments for M&A and restructuring costs, EBITDA for the quarter came in at 124, up 43% from last year's 87. 266 year to date, up 28% from 208 last year. Slide 11. Again, we can show you a strong balance sheet. Our net debt of NOK 1,276 million in Q3 represents a net interest bearing debt, EBITDA, of 2.1 times, which gives a significant headroom up to a covenant of 4, and significant headroom for, for continued growth. Goodwill of NOK 1,669 million at the end of Q3 shows an increase due to acquisitions in 2023. We however, impairment tests show us ample, ample headroom, meaning that there is no imminent danger for writedowns. The lease liability of NOK 850 million is related to the right of use assets, which refer to financial leasing of vehicles and property. Non-current loan of NOK 641 million is primarily the bank loan. Slide 12. Over to our net debt structure. We tend to stress this in all of our presentations. Most of our debt is related to IFRS 16 leases that need to be capitalized. These lease liabilities amounted to NOK 850 million at the end of Q3, with leasing payments over the next twelve months of NOK 212 million. Our total net debt was NOK 1.276 million at the end of Q3, of which approximately 70% are capitalized IFRS 16 leases. Depreciations of the leased assets are included in the total depreciation in the profit and loss statement. Net debt, our net debt, excluding these lease liabilities, amounted to NOK 426 million as of the end of Q3. Of the NOK 1,100 million in our credit facility, NOK 500 million were unutilized and still available. This, combined with cash flow from operation, gives us significant financing capacity for continued M&As. Slide 13. Once again, we can show you a strong cash flow from operating activities. It came in at NOK 453 million last twelve months, resulting in a cash conversion of almost 74%. We are, however, not satisfied with our working capital build-up in Q3, and focus going forward will be put on further improving cash conversion through a reduction of working capital. Our goal is to increase cash conversion to 90% over the next 12-18 months as we work on improving invoicing and collection. At the end, let me just give you a recap. The numbers are showing strong growth in revenues, up 29% quarter-on-quarter. Strong growth in EBITDA and margins. EBITDA up 44% quarter-on-quarter, margins at 15.7% in Q3, which is up 1.5 percentage points quarter-on-quarter. We have a strong balance sheet with NOK 500 million of unutilized credit facilities, strong cash flow, and focus on improving cash flow further through better working capital management. This gives us sufficient capacity to continue our M&A journey. So now I can hand over to Stein, which can give you an update on the M&As. Thank you, Dean. Very impressive Q3 numbers, I must say. Acquisitions is a key component of our buy and build strategy. We have made 45 acquisitions in our history so far, and we made four acquisitions this year, one in each of our four markets. Our funnel is developing, and we are constantly putting new targets on the list and taking the ones where we have concluded it will not happen off the list. The funnel is richer today than it was three months ago, and we expect more announcements in the coming months. Almost all of our transactions are done in bilateral deals, where we seek out the targets, we introduce ourselves, and we engage in a dialogue. For such dialogues, we involve our country management and give support from the central headquarters on the M&A side. And we already... And we are benefiting from the companies that are already part of Norva24, where the founders have a good understanding of where to find quality companies within their markets. And as Norva becomes more and more known in the industry, we also do experience an inflow from companies going into sort of a generational shift, and where there are no natural takers among the descendants of the owners, and then Norva is a great buyer of these operations. Oh, so these are the last, latest two acquisitions, that are now part of the Norva family. One company in Sweden and one in Germany. These are two markets where we are focusing particularly on the M&A going forward, given the rich pipeline of these markets, and also the fact that these are the two largest markets we are operating in. In Norway, we have around 30% market share, and in Sweden and Denmark, we have around 10%, and in Germany, we have a market share of around 3%, so there is still a lot of potential for growth. ControlTech, which you see here on the left side, is a very strong player in the greater Malmö area. We have acquired ControlTech to strengthen our market position in the region, where we already have a good presence in Malmö and Helsingborg. The company has revenues of close to SEK 35 million and a very strong profitability. Niclas, who is the general manager, will stay on board and will continue to run the operation. On the right hand, we have Baier Rohrreinigung, which is a similar case, where we will strengthen our presence in the regional market and develop the cooperation that currently exists between Kanal-Türpe and Baier. The company has revenues of close to EUR 4.5 million and solid margins. Andreas Baier will stay on as manager, and this is something we experience in most of our transactions, that the manager stays on. Today, we have more than 60% of the sellers still working with us in the role as general manager of their operations. And the ones who have left us along the way stayed with us on average 2.5 years, which gives us plenty of time to plan and organize for an orderly succession. Just to underline, we have a high activity and a strong pipeline, and we expect to announce new transactions in the coming months. I'll hand it over to Henrik to wrap it up. Okay. Thank you, Stein. Before I summarize and give some key takeaways, I want to underline that we are on track to deliver on our financial targets: 4.5 billion NOK in 2025, 14%-50% EBITDA margin midterm, and we have a good capital structure to support the journey. Okay, final slide out, before we take the Q&A. Key takeaways from this presentation: record numbers, solid growth, and improved margins. We are uniquely positioned in an attractive growth market. We have strong M&A activity and pipeline, and we are on track to deliver on our growth profitability targets. Thank you. Now we can open up for Q&As. 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 Dan Johansson from SEB. Please go ahead. Thank you so much, and good morning, Henrik and Stein. I have three questions. I'll take them one by one, if that's fine with you. Maybe I'll touch a bit on the topic of price increases. Just spoke a bit about that, Henrik, and the importance of that. What do you feel about Norva's ability to maintain prices and increase them further now to combat potentially even higher costs going forward now, given a bit of a weaker macroeconomic situations? But on the other hand, of course, you have a very important service that needs to be provided. Can you just touch a bit upon that topic and your feeling about price increase here going forward? Thank you. Mm-hmm. We start there. Pricing, you can always have to, to, to look at this, and, and we, of course, have a different, you know, structure of all our contracts and so on. Some contracts are harder, some, some contracts are, are easier. But, but the, what we're working heavily with, with now is the awareness out there to also use our strong market position that we have, because we, we, we need to push prices. We need to have awareness in the organization that we need to maximize the price component to not be stuck in, you know, as you say, the macroeconomic environment we're living in with the inflation and so on. We are talking about it constantly with our organization, and so far, everybody's on board, and we are have been successful, but it's not stopping here. We will continue to do that, and I see it definitely are possible. Sounds good. Thank you. And just on perhaps a bit on current trading, I know that last year you had a bit of challenges related to the very cold weather that occurred a bit earlier in Q4 already last year, when it's typically more of a Q1 phenomena. And now we're sort of in the middle of November. Is it more of a normal season so far this quarter? Could you say something about the start of Q4 here? Thank you. Absolutely. Thank you for that question. Probably if you are a Norwegian or a Swede, you saw that a couple of weeks ago, there were some snow coming, nothing that disturbed our operation. We had a little bit snow early in Oslo, but it went away. So far, as I said in the presentation, knock on wood, we have had a good start of Q4 from a weather perspective. So normal situation so far, so that feels good. Last year, as I mentioned, Q4 2022 was winter coming really early in Sweden and Norway in particular than with a lot of snow. So far, everything looks good, but I follow the weather forecasts. Okay. Hopefully, it can be warm for a bit more. Maybe a last question from my side before jumping back into the queue, and it's a bit on, you touched a bit, quite a bit on, on the M&A side of things. You, you've done two acquisitions now quite recently, but perhaps you want to do a few more before year-end. Looking at sort of where you are in processes, can you give some more granularity on what sort of sizes are the, it, on those type of companies? It's just smaller bolt-ons, or looking a bit on a bit larger companies as well. Could you say something about that? Thank you. What we have stated is not Q4. We have said that we see that we have good possibility to close something in the next coming month, several month. There are mixed picture there. There are small, medium size, and also a little bit bigger ones. So, but, and a lot of interesting discussions going on, but I cannot say more than that. But a lot of the agenda goes to the M&A activities and ongoing discussions. Okay. Thank you. I understand. And thanks for the clarification there. That was it for me right now, so I'll jump back into the queue. Yeah. Thank you. The next question comes from Jacob Edler from Danske Bank. Please go ahead. Thank you so much, and thank and congrats on the strong results. I just have a couple of questions on my side here. First of all, just talking a bit about the extreme weather you had here in Q3, you stated the direct impact was relatively marginal at, I think you stated NOK 3 million, on the profit side. But would you say it was fair to say that, you know, this has driven a general higher activity in the Norwegian and Swedish market, although, you know, the direct impact was rather minimal? I'm just trying to grasp, you know, how sustainable the margin profile is within the, in particular, the Norwegian operation. And then I get that, you know, in Q4, we'll probably see some tailwinds from weather, knock on wood. Yeah, I mean, absolutely. It's a good question, and I just isolate it because we foreseen that we should get these questions about the Storm Hans. We have done an estimation of NOK 8 million in revenues, and as you see, NOK 3 million on EBITDA, for the Norwegian business. But it's more of... It's so hard to calculate. Yeah when we have extreme weathers, there will be a flow afterwards. That's, and I think the upside, as I also stated here in the presentation, is that there is a buzz in media, it is a buzz in society. Municipalities feel that, "Oh, we maybe we need to put more money in here, but because we end up in a quite tough situation where we have flooded streets out there when the extreme rainfall hits us." So it's more of, you know, there are definite volumes that somewhat driving afterwards. But it's more of that, we working in an infrastructure with an extreme investment debt. And when that infrastructure put pressure on it with these heavy rainfalls, things are happening. I think there are a lot, lot of buzz, extreme, both, particularly in Norwegian and, and Swedish media around the situation, and of course, that is good for Norva24. I don't know if, if my colleagues need, want to, to- I can add a bit of it. I mean, the closest example we have of this is a year, two years back- Yeah with landslides in, I mean, Germany, if people remember that. And what it led to was- Yeah you know, it leads to increased awareness. It also leads to regulatory bodies waking up, you know, changing regular regulations, demanding you know, more, I mean, maintenance. So, I would be very surprised if we do not see some of the same development in Norway and, and Sweden, too. Perfect. Thank you so much, very clear. And another question I have is just... We talked a bit about the, price, increases here in another question, but you have a pretty sizable chunk, of your business coming from public contracts, and those are typically, you know, linked to price indices, and those typically come through on the 1st of January, every year. Are you able to give any flavor on how these look, heading into, let's say, January 2024, if you're able to? I mean, we can give you some. I mean, in all, it's pretty, pretty easy, as a lot of these are- Yeah some of them are basically linked to the, I mean, CPI index, and usually it is- Yeah October that is used as the, I mean, benchmark. So you have the, I mean, numbers. Yeah In your, I mean, self. The other ones are related to the other indexes we use, some kind of a transport, diesel, index. And- Yeah you do see that the price increases are in line or around what the actual inflation is. Yeah, okay. On the other hand, if you look at, you know, one of our major cost components is the cost, I mean, people on, I mean, one side, you do know what the, I mean, wage increases are, and they are in line with- Yeah what we've seen on the, I mean, CPI side. And the development on diesel, which has fallen. It's much cheaper this year than, I mean, what it was last year, so there are also gains on the, I mean, cost side related to the price developments. Yeah. Cool. Yeah. Just, I think the last question I have is just on, on tangible CapEx. It's been a bit higher during the last four quarters compared to- Yeah historically. Yeah. Is this a change of strategy? No ... in that you, you know, you're purchasing more vehicles as opposed to leasing? No. Or, or how should we think about this line item, you know, going forward? You should think of it as seasonal variations. Oh. It is not a result of changed strategy. The reason why you see increased CapEx now was that- Yeah ... vehicles that were ordered earlier were delayed in their delivery to us, and we book CapEx when we, I mean, get them. This was kind of a aftermath of the COVID- Yeah, yeah ... with, you know, I mean, supply systems that were very, very, I mean, slow. Would you say most of those delayed orders have already now kind of come through as of Q3? They have. Or- Most of them have come through. You might see a few in Q4, too, but basically, most of it is done. Okay, perfect. I think that was everything. I'm jumping back into the line. Thank you for the answers. Thank you. As a reminder, if you wish to ask a question, please dial star five on your telephone keypad. There are no more phone questions at this time, so I hand the conference back to the speakers for any written questions and closing comments. Yeah. I have a question here. It is from Jacob Persson. "What are your M&A strategy going forward, and do you think you will do any acquisitions during 2024? Uh, absolutely. Yeah. I mean, as stated in the presentation as well, we will have a M&A high on the agenda. We have a strong pipeline and activity. It's always about timing. We have a lot of ongoing and interesting discussions as we speak, and also stated in the presentation, hopefully, we can close some of them in the coming months. In 2024, no exception, we will continue that M&A growth journey, definitely. Mm-hmm. Well, that was it. That was the last question so far. Okay. Thank you, all. Thank you. Thank you.