Thank you. Good morning and warm welcome to this interim report presentation for the first quarter 2021 of Nordic Paper. My name is Henrik Essén, and I'm Head of Investor Relations at Nordic Paper. Today, we are sending this conference from Säffle, and we will listen to the Nordic Paper Q1 performance presented by the CEO, Anita Sjölander, and thereafter the CFO, Niclas Eriksson, will present the figures more in detail. As we heard, after the presentation, we will open up for questions. With that said, I hand over to Anita Sjölander. Please, Anita, go ahead. Thank you, Henrik, and thank you all for calling in today to listen to our report on Quarter one 2021. We start with the main messages and takeaways from this quarter. First of all, we want to point out that we have seen a strengthened market situation compared to the last quarter. There is a strong demand for both kraft paper and natural greaseproof paper, which has increased during Quarter one. The overall effect from the pandemic is still limited for Nordic Paper. As a result of the strong market, we have reached all-time high sales volumes in this quarter. That is both for kraft paper and natural greaseproof, which have set new records regarding sales volumes in this quarter. The price level Quarter four to Quarter one has been stable, but the strengthened market has also given us possibility during Quarter one to announce price increases. Regarding variable costs, the wood cost has continued to be stable, but pulp price and electricity price has been higher during this quarter compared to both Quarter one 2020 and Quarter four. We also announce today that we are taking the next step in our strategic initiative regarding Säffle, as we have decided to initiate consultations regarding discontinuation of the pulp production in Säffle. We also announce the decision on investment in the mill to be able to convert the paper production in Säffle based on 100% external pulp. I will come back later in the presentation to this. All-time high sales volumes drove an increase in net sales from Quarter four by SEK 102 million, and we reached a net sales of SEK 772 million. Compared to Q1 2020, this is a decrease of 7%. We have an EBITDA of SEK 134 million. Great sales volumes, negative price and currency effects lowers our EBITDA for this quarter by 23% compared to Quarter 1 2020. The last quarter, we presented an EBITDA of 144 million SEK. For Quarter one, we have an EBITDA margin of 17.4%. Quarter one is typically a strong quarter after an inventory build-up in Quarter four. Nevertheless, it is, as I mentioned, a new record for Nordic Paper for sales volumes. Normally, our geographical spread is very stable, but we see that now that from Quarter four to Quarter one, that the share of sales in Europe is increasing by 2% and the Americas decreasing with the same amount. Partly, this is explained by the effects of the pandemic on the natural greaseproof segment, the shift in demand from professional business, which is strong in the U.S., to retail, where we've seen an increase in Europe. Kraft paper. In our kraft paper segment, we have seen a good market situation with good demand for our product. Prices are lower than last year, but with the strengthened market, we have now announced price increases, which will gradually be seen in the result during Quarter two and onwards. Net sales are negatively affected by the currency compared to Quarter one last year. The cost for wood remains stable and below last year's level. Natural greaseproof. Also in natural greaseproof, we see a strong market situation with strengthened demand. We have announced price increases during Quarter one, also in this segment. Implementation of prices will be realized according to the agreed terms with our customers. The shift from professional business to retail business, as mentioned before, remains in this quarter. The retail business with longer contract terms contributes to the stability of Nordic Paper. Throughout the business cycle, the pattern is that natural greaseproof price changes come with a delay of one to two quarters. Net sales are negatively affected by the currency compared to Quarter 1 last year, but are also offset as we have costs in the same currency as our sales. During Quarter 1, we saw increasing cost for raw material, pulp, and also high electricity prices during the really cold weeks. We see an increasing interest from our existing, but also from new customers to develop and find applications where our products can replace the use of plastic. We're happy to work closely with our customers to find new solutions. During the last month, there are several new applications where we successfully have been part of the replacement of plastic to paper, and the last example is the launch of a new kraft paper certified for heating directly in the oven for use in consumer packaging for food. I would like to hand over to Niclas for more details in the financial results and comparisons. Thank you, Anita. Net sales in Q1 was SEK 772 million, compared to SEK 827 million in Q1 2020. Volume was record high, as we've heard, and volume together with product mix gave a positive effect of SEK 32 million. Price in Q1 2020 was higher, and the negative effect is SEK 36 million in this quarter. The Swedish krona is generally stronger compared to last year, and the negative effect in net sales is SEK 51 million. Per segment, we can see that kraft is giving the main volume and mix effect. Greaseproof has a positive volume effect but negative mix effect. Price is related mostly to kraft, where we see two third of the effect with one third in greaseproof. Currency effect is similar to both segments. EBITDA was SEK 134 million compared to SEK 174 million in Q1 2020. Volume and product mix contribute with SEK 24 million, mainly due to the higher sales volume and to a smaller part due to product mix. The volume effect is mainly related to kraft. Kraft also has a positive mix effect due to good sales of the Sack and MG products, and greaseproof has a negative mix effect due to the shift between retail and professional. Price is lower compared to Q1 2020, and the deviation is SEK 36 million, mainly related to costs. Variable cost shows a total negative effect of SEK 25 million compared to 2020, and this deviation consists mainly of three cost elements, and that's electricity, pulp, and pulp board. Electricity reached unusually high spot prices, especially in January and February this quarter, and affected the result negatively with approximately SEK 26 million compared to last year. Price of external pulp has increased, and the negative effect is approximately SEK 12 million. Cost of pulp board have decreased, and the positive effect is approximately SEK 20 million from this cost element. Currency, which gave a negative effect of SEK 51 million on net sales, gives a total negative effect of SEK 9 million on EBITDA, since part of the effect in sales set off by variable cost in EUR and USD, and we also have a positive effect from the hedging of SEK 12 million. In 2021, we do not have IPO costs, but we still keep the explanation in this growth during this year, since we will always have IPO costs in the quarters for 2020, which we compare with. In Q1 2020, we had SEK 4 million of IPO costs. Cash flow have been good for the quarter. High demand and sales have supported that we have a low level of finished goods. This has supported both the cash flow and also the comparably low level for working capital, where we have SEK 509 million compared to SEK 580 million last year at this time. Running CapEx was SEK 14 million in this quarter, 1.8% of the net sales. A normal level for Q1, since most of the running CapEx is performed in Q3 and Q4 in connection with the stops. Running CapEx, this is the level except for the Säffle and Bäckhammar programs. Regarding financing, net debt was SEK 692 million. The leverage was 1.7. Available cash was SEK 486 million, and we also have the unutilized credit facilities of SEK 800 million. I hand over to Anita again. Thank you. At the time of our listing, we communicated the ongoing strategic initiative in Säffle. The rationale for this initiative is the size of the pulp mill. Low volumes resulting in higher cost for pulp compared to market pulp during a business cycle. We have continued to work with this initiative, investigated and developed solutions for the restructuring of Säffle mill. Today we are announcing the next step in this initiative, our initiation of consultations on the discontinuation of pulp production. Of course, this is a message with mixed feelings, a very tough message to give to our employees today. It is also a necessary measure for the future of the mill, sightedness for the long-term perspective to secure our competitiveness and Nordic Paper's position as a world-leading producer of greaseproof paper. Today, our total production of natural greaseproof paper is based approximately on 30% of the pulp produced in Säffle, and the rest is beet pulp sourced from Bäckhammar or external pulp. Dis continuation in pulp production in Säffle will take the share of beet pulp from 70% -1 00%. Based on this plan, we're also announcing investments of SEK 70 million and an increase of paper production by 10%, which will allow us to grow with the growing market and demand for our products in Säffle, such as the unbleached Viking paper and baking cups. Our intended time plan is to discontinue pulp production during quarter four this year. The result of this plan is also a reduction in manning in the mill. Today, we have 180 employees working in Säffle, the closure of the pulp production, we are estimating that it will be a reduction of number of employees with approximately 20. Our decision to close the pulp mill would mean one-off effects of total 110 million SEK, which of approximately 80 million SEK at the time of the decision. That is for remediation of buildings and land, 30 million SEK at closure as write-down of residual asset value. I would also like to give a short update on the progress in our important expansion program in Bäckhammar, which is moving forward according to plan. We have filed the required technical documents to authorities for the permit application, not depending on the new permit, we're also proceeding with a project, new wood room. We have received quotes from potential suppliers of the new wood room. Our plan is to present this to the board of directors for a decision during autumn. All in all, the summary for the first quarter is that we have a strengthened market situation compared to the last year quarter. There is a strong demand for both kraft paper and natural greaseproof paper, which has increased during quarter one. We are happy to present the new records all-time high sales volumes, both in kraft paper and in natural greaseproof. In the quarter, the prices have been stable. We have announced price increases in both segments, and that will show up from Quarter two and onwards. We also announced today that we're taking the next step in our strategic initiative regarding Säffle pulp mill. To give you some outlook for quarter two, first of all, short term going forward, we expect the market to continue to be strong in line with quarter one. Our announced price increases will gradually show up in our numbers from the second quarter and onwards. Our understanding of the pulpwood market is that there's still an oversupply situation, but we are also hearing early signals for price movements upwards. You will also see some guidance on some financials for the full year 2021 in this picture. Long term, we see the growing market for our products, and we're also delivering on our plan to grow to be a long-term market-leading supplier of products based on renewable raw material that is recyclable and that is also biodegradable. We want to play a part in the transition to a fossil-free, more sustainable society today and tomorrow. Thank you. Thank you, Anita. After this presentation, we open up for questions. Operator, do we have any questions? Thank you very much. If you wish to ask a question, please press star one on your telephone keypad and wait for your name to be announced. Again, that's star one for any questions. Your first question is from Christian Kopfer from Nordea. Please go ahead. Thanks, operator, and good morning. My first question relates to CapEx for the full year. You mentioned the running CapEx of SEK 100. What is the estimated total figure for CapEx for this year? Thanks. If we follow the Bäckhammar program and the Säffle program, we will come to an approximately figure of SEK 280 million-SEK 300 million for those programs together with the running CapEx of SEK 100. SEK 280-SEK 300, yeah? Yeah. Plus the running CapEx. Plus the running CapEx? Yes. That is more than what you had previously now? Yeah, that's true. Maybe it is in line. Yeah, I had 400 in my model, so okay. With regards to electricity price effect that you saw in Q1, is it possible to quantify how much effect that had approximately in SEK millions? In millions? Yeah. Yeah. We estimate the effect from the high electricity prices to SEK 26 million. 26 million? Yes. Yeah. You expect basically, if you look at where current electricity prices are, you basically expect that to turn into a similar tailwind for Q2, I guess? For Q2, we see a lower cost since the electricity price has decreased. Yeah. That was March. High prices. Yeah. Yeah. That's right. Good. On price hike announcements, is it possible to quantify how much you have raised prices for the different product areas? The price discussions are currently ongoing, and we don't do the announcements as some of our colleagues do. We do that more together with the customers. We follow the market development when it comes to price increases in absolute terms. Also to remember that our products have very high value added on top of raw material costs, for example, the greaseproof paper.% wise, based increases are not comparable with all kinds of papers. Sure. When it comes to timing, most of our volumes are fixed in three to six-month contracts, up to, in some cases, 12 months. Particularly longer terms in the Retail segment. That's what I mentioned before, that there is a time gap between the effects from the two segments. Right. Yeah, let's add one thing more. You say that you expect to save SEK 30 million-SEK 40 million in annual cost, right, due to the closure of the pulp mill, if I understand you correctly. What kind of pulp price is that based on, because I guess it depends a lot? Yeah. The SEK 30 million-SEK 40 million is related to the fixed cost savings. They consist of operating and maintenance costs and the personnel costs. Okay. How much will costs go down next year if you assume that current pulp price will remain? As you mentioned, this calculation will always depend on the pulp price. We see a total cost for the own pulp production that is high and have increased over the years. We compare with the total cost for the own pulp production, and the comparable external pulp will, of course, have different price over time. Just trying to understand how much cost will go down if current pulp prices will remain, because that's a key issue for next year, I guess. Could you just mention it in another way, perhaps saying what is the production cost of Säffle pulp mill? How much does it cost to produce 1 ton of pulp? I don't have that exact figure on top of mind right now. Okay. Can you say anything how if cost will go down next year for greaseproof if you close down the mill? Based on current pulp price. On the current price, which has increased a lot the nearest weeks, we don't have a calculation, but it will be a total saving compared to the prices we had over the year shift at the beginning of the year. Okay. Compared to a pulp price of about SEK 950, there is a saving. To 950. Okay. Okay, I leave it there, thanks. As a reminder, if you wish to ask a question, please press star one. Our next question is from Martin Melbye, from ABG. Please go ahead. Yes, good morning. Can you be a bit more specific on the price increases on greaseproof? We can see the unbleached sack kraft paper price on RISI, that is up 11%. How much is the announcement for greaseproof, and how much of the 11% is applicable for Q2 already on sack kraft? We will see in quarter two the sack kraft increases that we have agreed with our customers. In Greaseproof, we are right now in the middle of the negotiations with our customers. It is, as we have talked about before, Natural Greaseproof is quite different, the dynamics compared to the kraft segment, since the Natural Greaseproof paper is more stable, the movements up and down are much smaller. Like I mentioned, the percentage-wise differences with high price, low price is much lower as%. Right now we're in the middle of discussions with our customers implementing from this quarter, Q2, and onwards price increases. Okay, do you then take that into the calculation that pulp is back at the peak from 2018, and we should look at the Greaseproof price you had in 2019? Is it just a step in that direction, with partially implementing the pulp price increase? I would say that the strategy for the price increases in natural greaseproof is like the kraft paper business, also stepwise that we move the prices. Okay, on the kraft paper? We believe that we are. The list price is up 11% already in April. How much of that will be coming through in Q2? Of course, that is also part of the negotiations and the contract rewriting being done at the moment. We believe that we are moving with the same logic as the market around us is moving. Okay. The article that you are referring to is maybe not the same picture that we have seen. Okay. On the Säffle effects, could you compare these effects with the earlier numbers you have hinted at? I think that was no investment and a higher fixed cost reduction. How should we compare these numbers today with the numbers we have heard about earlier? That's correct. When we communicated around Säffle previously, we were in the middle of these investigations on how to change the plant. During this work with the thorough investigations and research that we have made, we have then found a solution of restructuring the mill with the investments that we're proposing today, and that also we have found a possibility to increase the production by 10%. That is a difference from what we had as facts on the table before. We found a solution that we find is in line with our growth target to organically grow the business, and we see the possibility now to increase by 10% in this site. The restructuring comes with these investments that we now identified. The SEK 30-SEK 40 is different than compared to the SEK 50 that we talked about previously. That is linked to this possibility to increase the production here. Your actual CapEx here will be SEK 90 million? No, 70. Actual cash outflow? Cash outflow will be SEK 70 million for the CapEx. Over time, it will also be approximately SEK 80 million for the work with the buildings and land. That CapEx, we believe that we should be able to distribute over a length of time of 5-10 years. The SEK 70 is also partly for this year and partly connected. Connected. Yes, that's right. Okay. Thank you. There are no further questions that are waiting. I will hand the call back. Thank you. Okay. Thank you very much for participating, and we look forward to talking to you again when we meet next time for our Q2 results, which will be in the middle of the summer in July. Thank you and goodbye.