Hi. Thank you, welcome. It's a very good day, and I'm so proud to present the first report from RevolutionRace. The results are very good, and I'm happy to present it to you. Let's start it. Jesper, do you want to introduce? Good morning, everyone. I'll get back later on with some of the financials. RevolutionRace is a digital native in the active outdoor category. Started eight years ago, nowadays we are selling in 25 countries. We believe that the outdoor industry was overpriced, we wanted to solve that problem by skipping the middleman and go direct-to-consumer business model. We are able to give the customers great outdoor quality products at a reasonable price. We are selling in many different region, we are going to report Nordics, DACH, and rest of the world. DACH is grow very good now. The largest region is still Nordic countries. We are still growing here, we are growing even more in the DACH. That's very promising for us and our business model, Germany is the biggest market here, we soon plan to add Switzerland. As a digital native brand, we have a great communication on social media with our customers and catch the needs and expectations of us as a brand. This has been successful, 275,000 unique product reviews. The score is 4.6. That tell us that they are very happy with the customer experience. Now over to the results, SEK 897 million. That means that we have an increase in sales yearly, 132%. Every single one of these that we are present to you today are improving the EBIT margin, the Average Order Value, and also the growth. We are growing in all of these markets. The business model, the benefits are large and many, result and report tell us that the direct-to-consumer business model, e-commerce player, are growing even faster than regular e-commerce. We are great position in the active outdoor, both with the communication with the customers on social media, but also the data-driven business model help us to predict coming products that we should go for. This is good for the customers because we skip the middleman and can give the customers a product with high quality at half the price. 132% in growth from last year. That is great numbers. I'm pleased to present to you these numbers, and it's mostly because of operational skills for RevolutionRace. We have grown nicely in several new markets with improved results and also we growing quite good in the DACH and the Nordic countries. The adjusted EBIT margin is improving, 27.6%, and went from SEK 83 million last year to SEK 252.2 million this year. That is a great improvement, 203%. As I said before, I'm so pleased to be here today, we went public company on the main list 16 of June. It was a great process, and we are very pleased to be here. Now over to the quarterly highlights. We grew even better in this quarter comparing to last year, 152%. We are not one of the category winners. We see ourselves that the multifunctional kind of products has increased and are here to stay because the modern person of today wants to use multifunctional clothing even in the city. The seamless move-ness between the city and the woods are even greater, and we expect that to stay after the COVID. The COVID effect, in our opinion, is roughly 16%, and the rest is operational improvement. We are going to focus on both the product assortment and develop it further. Do I miss something here? No. We can move on. We talk about this. As you can see, the DACH is now growing the most, that gives us 45%, and the Nordic countries, 41%, and the rest of the world is roughly 14%-15%. With that said, I'm very happy to see that we still grow so good in the Nordic countries as well. It's a growth of 68%. The DACH is growing this quarter 296%. The yearly improvement is 176%. Everything looks just as we wanted. I'm happy for that. Average Order Value increased 4.4% to SEK 740 million compared to last year. We have normal impact because when the summer is here, the products are less pricey, so then you can see some difference in the quarter when you're selling more high functional products. Yes. The finance target are 2 billion SEK in three years, and at least 25% EBIT margin. As you can see, we have kept our promises, and 27.3% this year and 132% growth. The dividend policy, 42%, I'm going to let Jesper talk a little bit more about that one. Yeah. The dividend policy has been stated to be between 40% and 60%, and we're within that range, and we're confident that that is a solid start to our distribution payment going forward. Okay, I'll take over and do a slight deep dive into some of the financials. The year was a super year for us with a net sales of SEK 897 million, which represents a growth of 132%, which we're incredibly proud of. Going into the fourth quarter, the sales number was SEK 274 million, representing 152% sales growth. We see high growth in all product categories. We've been very successful in our market optimization and also the product offering has been broadened. We have been affected, as we've stated previously as well, that our inventory levels have been lower than desired, and that has affected our net sales development by either no selling or delayed selling. We're definitely hoping for a delayed effect once we restore our inventory levels. Over to the gross profit and gross margin. The increase in gross profit for Q4 was 167%, which is an incredibly strong number. The margin has improved in Q4 to 73.4%, compared to 70.1% in gross margin Q4 last year. The increase is explained by a favorable currency mix, but also that we've increased our share of sales in markets where the prices are a bit higher than previously. Into this concept of gross margin, we have also been negatively affected by increased logistics costs for inbound. We see delays, and we see definitely a serious cost inflation in sea transport. Despite those negative factors, we arrive at a very solid gross margin. Cost development. When it comes to staffing cost or personnel cost, we've seen a continuous increase over the quarters last year. This is us catching up with the incredible growth that we've seen. We have to increase our staff. This will obviously continue, at a somewhat lower pace than during the past two quarters. When it comes to our other external costs, those have adjusted for the IPO cost, which is our only adjustment factor. They've been very flat around the 38%-39% level. We're extremely happy with that cost development. This is despite us having added a second logistics hub in Germany that we're expanding. We still remain at roughly the same cost levels. Adjusted EBIT, well, this is a good slide for any CFO to present. Full year, SEK 252 million, which is 3x that of the previous year. An adjusted EBIT margin of 27.6% is a unique EBIT margin to present. We've seen a gradual increase during the past year. The last quarter, we arrived at 28.3% in adjusted EBIT margin, this is improvements all from the gross margin and all the way down. The adjustment, as I said, it only relates to our IPO-related costs, amounting to SEK 21.8 million for the financial year. Balance sheet, we remain a very asset-light company, we intend to continue that way. We see an increase in accounts payable and in equity, otherwise, the balance sheet remains very asset-light. Net working capital, well, that has been extremely beneficial for us over the past year, which is primarily related to the inventory levels, which of course have been lower than desired. We started already in Q4, but we're moving into a new year, where our aim is to build inventory in order not to have a negative effect on sales. We can expect inventory to increase over the coming quarters, and that will obviously affect Net Working Capital. Cash flow. Solid cash flow generation offset partly by inventory buildup, but we've generated SEK 28 million from operations, and we're ending the year and the quarter with a cash position of SEK 296 million, of which SEK 72.3 million is proposed for the dividend following AGM decision. Which means, going back to the dividend, we're in the unique position in our line of business to be able to pay a dividend, and the proposal is for SEK 0.64 per share. As we said before, for a payout ratio of 42.1% within the dividend policy. Now I'll hand over to Pernilla for a bit more operational updates. Yes. Thank you, Jesper. We have done a lot, and we are planning to do even more. We have a successful launch in U.S., RevolutionRace are always aiming for a soft launch to understand the new markets, both when it comes to which products, target groups and so on. We are not expected that to affect this and maybe next quarter that much on total net sales, It's looking very promising for the future, and we have a great start. We're starting on Amazon to calibrate our offer to the new market and also the new continent. You can say we have quite equal quarters, Some difference, The 1st quarter are normally, for us, the weakest, Still, we have seen the start of the new quarter has a strong start and we are growth the way we want. We are planning to continue to roll out in 2- 4 new countries. As I said, we started in U.S. recently, also we are adding Switzerland in this quarter. More countries to come up later on. Last year we went in Ireland, Spain, which one I forget there? Belgium. Belgium, yes. These three countries, and the start is good, and we are already profitable in all of these, and that is one of the biggest also contribution to the great development that we are able to, quite early in the journey, be profitable on new markets. We have a very clear strategy plan how to calibrate the new markets so we can have the best offer on that specific market, both when it comes to content, relationship with the customers, and also what kind of products we are planning to sell there. The logistic, we have a lot of customers in Europe, so we are planning to ramp up the logistic hub to better be able to shorten the lead times to the customers and also the environment impact with shorter way to our logistic center. The numbers, we are planning to have 100% of the assortment in both of these. We are ramping up and build up our stock levels that we have problem with last year to be able to grow the way we want. Yeah. There's a lot of things going on, and this whole quarter that come, we are in and we are planning to launch several new products category. For example, shoes, backpacks, coming in the end of Q4, and we are launching new products in existing categories. It look very exciting for RevolutionRace, both with the penetration of new markets, develop existing ones, and also developing the product assortment. The situation with the supply is a little bit, for the whole world, with lack of container. I think that we have built a very good start here with ramping up the stock levels so we can be even better prepared this year than last year. This sums up the presentation from our side. We're opening up for any questions that the listeners may have for us. We'll try to answer those as good as we can. Thank you. If you do wish to ask a question, please press zero one on your telephone keypad. If you wish to withdraw your question, you may do so by pressing zero two to cancel. Our first question is from Niklas Ekman of Carnegie. Please go ahead. Your line is open. Thank you. Yes, I have a couple of questions, if I may. Firstly, is there any way you can elaborate a little bit more about current trading? Obviously, this has been a very strong quarter for you. You're guiding for sustained strong growth, comparisons are starting to get tougher as well. I'm curious, when you talk about strong momentum in the start of Q1, are we still talking about three-digit growth rates? That's my first question. Noel? Should I answer it first? [Foreign language] Okay. Yeah. The first quarter last year, we grew by 53%. This year the plan is to grow even more than that. It's not three-digit numbers. You can see that in the finance target that we have talked about before, SEK 2 billion the coming three years. We are not boosted by COVID. We have invested operational very strongly last year. We see that everything goes according to plan. Very good. Thank you. I'm curious, when you talk about the COVID impact, you said 15%. I assume you're referring to a 15% boost to your sales. Can you tell us a little bit more how you came to that conclusion? Is that based on what you've seen from peers or where does that number come from? Yeah, it's a lot of factors, but to mention one, PostNord evaluate the COVID impact in the different categories, and we are not one of the category winners. The demand for our kind of products are not changing in the way, for example, in the furniture industry. We believe that the number is decent. It's always hard to predict how much impact, but as we can see, the effect for our category aren't that much comparing to other categories. Very good. Thank you. I'm curious, when we've been looking at a lot of other online retailers have indicated rising costs, particularly here in Q2, because a lot of them faced very tough comparisons. One thing that has increased, for instance, is marketing expenses which we've seen from several online retailers. Is this something you recognize at all? Is it something we should be aware of going forward that costs are likely to increase in any form, or do you feel very comfortable with your cost level? I think we are still confident in our finance target, and when it comes to marketing, we have it in-house, and we know how to calibrate new markets. We have a clear strategy, and the effect for both COVID and others haven't affected us, so we believe in the same numbers that we did before, and that also telling me at least that we are not one of the COVID winners. So this is a reference- Okay To the financial goal of a minimum I mean that maybe if you have a boost because of COVID, maybe marketing is one of the KPI that boost your business. If it doesn't boost and you expect the same numbers that you did before, that tell me that you are not one of the category winners in the COVID situation. Okay, thank you. Thank you so much. You mentioned here earlier that you're planning to launch shoes and bags here in Q4. I assume you mean calendar Q4, so your Q2. Can you tell us a little bit more about this launch? How many SKU are you talking about? Are we talking about a soft launch similar to what you talked about with the U.S. market, or what should we expect? Should there be significant costs related to this, or is it just a soft launch? Very good question. No, we always start with a little less of quantity, and that is also because we want to improve the products on the new categories. You cannot expect it to affect the gross profit that much. Not even the net sales from this first batch, we are very good at predicting these numbers that we are getting from the first batch. We are able to better predict how much we should produce in the future. Very good. Thank you. Look forward to seeing those products, and best of luck, and thanks for taking my question. Thank you. Our next question is from Daniel Ovin of Nordea. Please go ahead. Your line is open. Yes, good morning, Pernilla and Jesper, congratulations on a very strong quarter. My first question is around the gross margin. You mentioned a few drivers here. You talk about currencies effects, you talk about the mix effect from different regions, and then also we have this freight cost impacting your cost of goods sold. What we've heard from other companies is that that has been increasing very fastly. I just wonder on the gross margin overall, could you give some kind of indication on what you expect for your first financial year, so to speak, over the next two quarters, for example? How do you expect this to pan out overall? Thank you. If you tell me how currencies will develop and the world sea shipment market will develop, I'll get back to you. No. It is a slightly complex situation, especially when it comes to the logistics cost. We've seen a massive increase in cost for sea shipments during the recent period, and we expect that to continue into the new year. Bear in mind, we've already had that effect in Q4 in the gross margin that we present for Q4. Looking at our historical levels, we've been in excess of the 70%. Now we're at 73% plus. This is the range where we're comfortable. There is always a number of factors going into the gross margin that is beyond the company's control when it comes to. Yeah, I want to add some flavor here. The direct-to-consumer model gives you a lot of benefits when it comes to adjust for this kind of stuff. The company is constantly working with improvement on the COGS. With that said, the things that we cannot predict, that no one can predict, we're still trying to predict as good, so we are able to keep the margins up, and historically, this company has been very good at being prepared for the unprepared and keep the numbers up. Great. Perfect. Thank you very much. Another question is on the inventory position. I understand that you have been actively working here to increase inventory position, and it looks quite high now and quite a big growth versus last year. It's a bit hard to decide here on how we should look at that. Is this exactly in line with what you planned for your strategy, or is there any risk with this inventory position? I'm here thinking both way. It could still be that you will be out of products, or is this already a quite high level and that you need to sell very strongly in the next quarter? If you could have some comments on the inventory position, that would be great. Thank you. Yeah. Bear in mind that we have a running assortment with products that we are selling yearly, not seasonally. When we level up the stock levels, that means that we don't take as much risk as many other in the fast fashion industry. The risk of doing that is low because of the brand is owning, we have control of the brand and also the assortment compared with the running assortment. You want to add something? No. It's definitely a balance. There is a risk of working capital tie-up in an increased inventory. We see the risk in the products in the inventory as very low, but we have to balance that against the risk of losing or delaying sales because we're out of stock. We're calibrating that balance, and we're now moving into a position of improving inventory levels from the perspective that we do not want to be out of stock for as large part of the SKU as we have been over the past six or nine months. Okay, perfect. Thank you. Just another question. If I try a little bit here on the U.S., just try to get a little bit more color. Maybe you can. Do we have any further questions? Yes. Hello, can you hear me? Can you hear me? Hello? Hello. Can you hear me? Yeah, I think we had some technical issues here. If you already asked your question, can you please repeat it? Because we didn't get any of it, unfortunately. Yes. Hi, it's Daniel. Can you hear me now? Yes. Okay, perfect. Sorry, I lost you there for one. Yes, I was asking about the U.S. and whether if you could give some more information on the launch there, perhaps just talk about what activities, how you've entered it with influencer, et cetera, and maybe also if you could compare it to the launch in Germany and U.K., for example. How has it been developing? Is it just as promising, or is there any difference? We started this new continent and U.S. market with the launch on Amazon to find out what kind of products that we are aiming for on that specific market. Also we have some local influencers that we are collabing with, and we put that content on Amazon's platform. We can show the American local content produced by influencers. Globally. Okay, the reception has been as you have expected, and maybe if you compare to the launch in U.K. recently, where you had a really strong reception, would you say it's just as promising or is there any difference? The big difference one must bear in mind is that we were already very successful in Europe when we started going on Amazon in Europe. Now we're using Amazon in an entirely new continent. We're obviously starting at a slightly different position than we did when we started using Amazon in Europe. With that said, the target that we are aiming for, everything goes as planned. Great. Okay, perfect. Just the last question here then, and that on the adjusted EBIT margin. I noticed that you talked about a uniquely high adjusted EBIT margin, and I know that your longer term guidance here is to be at least 25%, and you're now a bit above that level. I just wonder, is it fair to assume that you will invest more in growth going forward and we should expect that margin to come closer to your 25% level, or is this a level you think you can sustain going forward? If you can give some color on that would be great. Thank you. First of all, I must calibrate my answer. I said uniquely high, and that is in relation to the sector, not in relation to RevolutionRace itself. We have a financial goal that is to maintain an EBIT margin in excess of 25%. We will see fluctuations, depending on when we have possibilities to grow even stronger or to calibrate our growth versus profitability. Our financial goal remains the same, and we're now in a period over the past quarters where we've been definitely well ahead of our financial goal. At the same time, we are investing in the growth. RevolutionRace have high EBIT margin since start, even the first year. With that said, some COVID impact on the EBIT margin, but at the same time, 25% at least stands still, and it looks very good for us in the future as well. Yeah. Yep. Okay, perfect. That's a great answer. All right. Thank you very much for taking my questions. Thank you, Daniel Ovin. Thank you. Our next question is from Johan Brown of ABG. Please go ahead. Your line is open. Thank you. Hi, Pernilla and Jesper, a couple of questions from me as well. I take them one by one. Firstly, just continuing on the current trading statement. Thank you for the color there as well. I was just wondering if it's possible to give any color on if you see any differences between your regions or is it more of the same, essentially? That's so hard to answer that question because we are growing in all of these regions, but we own our own business model. For example, if some countries are having a hard lockdown, then we can shift our marketing to that specific market that we have a better chance in succeeding, in the existing kind of situation we are in. That is also the result of RevolutionRace somehow. Can I say, the development on the different, you can see it in the report, we grew strongly in all of them, the situation that are out there, we are going to adjust according to that. Great. Thank you very much. Continuing on the gross margin as well, is it possible to specify or quantify the impact of these increased inbound and freight rates? It definitely has an effect, if sea prices have doubled. We're not giving the details of every specific component going into the gross margin. We're not going to break that down any further now. Obviously, in our Cost of Goods Sold, the majority of the cost relates to the product. Transport or logistics is one smaller component. If you double that smaller component, it definitely has an impact. Despite that, we arrive at 73% plus for the quarter. Thank you very much. A last question from me as well, continuing on these new product launches in shoes and backpacks and connecting that to the Average Order Value, which has been increasing for some time. Looking at your historical product launches, do you see that these lead to the consumer adding more products to the baskets, or are we mainly talking about a mix effect driving the AOV?. Combination. Over time, if you're adding products with higher average sold per piece, then you are going obviously increase Average Order Value. With that said, from the start with lower batch, it's not going to impact that much. For future, yes, my best guess is that you are right. Wonderful. Those were all my questions. Thank you very much. Thank you, Johan. Thank you. There are no further questions at this time. I'll hand back over to our speakers. I think we're wrapping up this presentation. Thank you so much for your interest in RevolutionRace and listening in to us today. We remain available offline to help with any questions that you may have. I want to end the call with said, I'm so proud of the result of the quarter and also thank you for listening to us. This rookie has not give you rookie numbers. Thank you. That's correct. Thank you.