Thank you very much, and welcome all to this earnings call presenting SBB's first half of 2021 earnings. Slide number two, please. If you look at our earnings, I think it's fair, given the large amount of the transactions that we have done during the quarter, and also given repositioning company in terms of strengthening our focus on rent-regulated residentials and elderly care home, to start presentation by looking into our current earnings capacity for the 12 months rolling. You will see that we are having rental income of SEK 6.1 billion. As all of you know, we take care to the P&L all of the cost of the maintenance and the other property cost. We have NOI of SEK 4.4 billion and operating profit of SEK 4.1 billion before our value add strategy. If we add the income or guiding for income on value add strategies, that is on yearly basis SEK 2.2 billion. We are being delivering much stronger than that, but if you add those SEK 2.2 billions, and then if you subtract dividends to these shares and hybrids and profit attributable to minority interest, you will land in earnings capacity of SEK 5.4 billion or SEK 3.8 crowns per Class A and B shares, which is very strong profit generation that has been fueled by strong growth and our creativity through our value add strategies. For the first half of 2021, we are delivering profit after tax of SEK 9.3 billion, which is a strong increase compared to the corresponding period of the previous year. This corresponds to SEK 5.94 crowns per A and B shares, comparing to SEK 1.8 crowns last year. If you adjust for some non-recurring cost, you will land the adjusted profit for the first half of 2021 of SEK 6.09. A very strong profit for the first half of 2021. If you look at profit from property management, also here, we see strong delivery. Our profit from property management adjusted for non-recurring cost increased by 33% in comparison with the first half of 2020 to SEK 1.7 billion. As I said, given our strong increase in earnings capacity and our strong profit in Q2, we adjusted our forecast for earnings for 2021 to SEK 7.8 crowns per share. Next slide. SBB is in a very unique real estate business in Europe, delivering strongest growth, and also strongest NAV growth last years. In 2019, we grow NAV with 79%. We continued last year with 41% and for the first half of this year. Next slide, please. Just to give you some more flavor on our position, mentioning a few highlights about our portfolio. You can see at the end of Q2, we have a portfolio of SEK 117 billion Swedish crowns at the book, with almost SEK 90 billion in Sweden, SEK 17 billion in Norway, SEK 9.4 billion in Finland, and continuing to grow in Denmark with SEK 1.1 billion at the end of first half of 2021. We, as I said in the introduction, operates in the world's safest real estate asset classes, which we have proven throughout pandemic with unprecedented rent collection. Also we are continuing to decrease risk in our portfolio by focusing even more on residential space. Today, almost half of our book value is related to residentials, either to rent-regulated residentials or residentials for elderly people. Our key value-add strategies are delivering strong growth. I will come back to that. We continue to invest in sustainability, we have strong relationships with municipalities. Today we have Europe's largest property development portfolio with 59,000 apartments. If we add to that we also are controlling owner of JM with 37,000 apartments with mainly exposure to Stockholm region. We have very strong position in a market with very strong demand for residentials. Our passing rent SEK 6.1 billion still at the book, and with our cost probably the highest net initial yield for comparable assets. We continue to have strong growth with nine years, but effectively almost perpetual and strong locations where by today almost 80% of our assets are located in major cities and university towns with largest exposure in Stockholm and the university cities around it. Also if you look at our building rights portfolio, you will see that we have 42% of our 59,000 apartments located in Stockholm region and in total 81% located in major Nordic cities and university towns and 19% in other growth cities in Sweden and Norway. Next slide, please. As I said before, our low-risk safe income of SEK 6.1 billion, we have almost half of the value coming from residentials. You can see here that 41% of the income is coming from residentials, either for regulated residentials or residentials for elderly people. On top of that, 26% coming from education and 7% coming from hospital and health centers. That means that almost 80% of our income is coming from the core of the low-risk assets in terms of residentials and schools. We are a trusted partner for municipalities and states throughout the Nordics. Exposure to the Nordic countries is in a way unique that we have three or four Scandinavian countries that are AAA rated Sweden, Denmark, and Norway and Finland AA+. Exposure against very strong sovereign credit. We have a beautiful illustration of our lease expires when you can see that a third of our leases are longer than 2031. In this third quarter, I invite all of you to visit Skellefteå on 8th of September where we are opening the new cultural center, the most sustainable building ever built in Europe, and where we have 50 years municipal lease. Next slide, please. We have strong profits from property management with low-risk assets as the foundation of our business model, providing passing rents of SEK 6.1 billion and with the highest rent collection in the European listed real estate universe. On top of that, we have three different teams that are delivering value and profit from our three value-add strategies. Building rights development and new production. We are guiding that this team should deliver SEK 1 billion-SEK 1.4 billion on yearly basis. Sustainability and investment in existing portfolio should deliver SEK 600 million on yearly basis. We are making much more money from the transactions that we just make as a placeholder profit of SEK 400 million from that business. Next slide, please. This slide just give you illustration how our holistic model works, where we are both applying different teams at different parts of the markets, but also at the same time combining those different teams in a strong delivery of profit. Where we are both acquiring single assets and portfolios and being able to transform those to high-quality assets through long-term ownership of top-quality social infrastructure assets, but also at the same time disposing mature or non-core assets and applying true value creation, building rights development, new production, as well as a team that is doing refurbishments, renovations, and investment in existing portfolio. Next slide, please. A few words about building rights development and new production. Strong profit for the first half of the year, SEK 1.5 billion in profit for the first half of the year. As you can see, we are guiding, and as you know, we have been guiding for SEK 1 billion-SEK 1.4 billion for all year. We delivered SEK 1.5 billion for the first half year and almost SEK 1 billion in Q2. Here we have the most experienced teams in Europe in property development. This is run through both SBB trademark and Sveafastigheter trademark, and those highly skilled and experienced team are creating very strong profits. We are today, I should say, without competition, number one European property developer with 59,000 apartments in our project portfolio. Also, if you add to that 37,000 apartments in JM, which is almost 100,000 apartments. Very strong position in a market with very strong population growth. Important here is to mention that the Nordic is probably one of the few regions in Europe that still have and is projected to continue to have strong population growth. This is often omitted in European comparisons, but very important to understand demographics and how the population is developing, how the income is developing for these low-risk assets. Our building rights portfolio is a story for itself. We have today according to external estimation, value potential in our building rights portfolio of almost SEK 30 billion. That could be compared to book value of slightly below SEK 4 billion. Amazing potential left in building rights portfolio. If you look at the next slide, please, you will see the potential for the total delivery from building rights development and new production. You can see if you look at the breakdown, as we said, almost SEK 30 billion value potential from the building rights. If you look at our developments for own management, we see that we will be able to deliver profits from property management or NOI of SEK 900 million, almost SEK 1 billion on a yearly basis. If you just apply conservative market yields, given that I think we have booked those at the book today at SEK 6 billion, you will see that there is potential for more than doubling that value. If we should use the same valuation method as some of our competitors, then we should already have the large part of this on the book. You see illustration for our expected profit from joint ventures. If you just sum it up, SEK 7 billion extra from developments for own management, SEK 2 billion extra from joint ventures, that is SEK 9 billion, and then SEK 25 billion extra from building rights. That is almost SEK 40 billion. That is doubling our NAV value. That means we have today under our own control to double our NAV value. That is unique both in terms of credit and I hope that the rating agencies will spend some time on this in comparative perspective and also follow on this because we already today fulfill criteria for BB B class. if you add on top of that, this large value that will be delivered in the next year, then you have an amazing low-risk company with strong values that are not yet on the book. As I mentioned before, we have been guiding for this value add strategy profit of SEK 1 billion-SEK 1.4 billion per annum, and we have over-delivered here by delivering profit for the first half of 2021 of SEK 1.5 billion. Next slide, please. Just a few more words about an illustration about our position in the market. You can see that we are today outstanding leader in the Nordics. If you put our numbers in European context, you will see that we are a leader in Europe with very strong growth potential, both securing long-term income from these developments and also on the way or already in short term, having large value that will be transferred to our equity and our balance sheet. Next slide, please. Investments in existing portfolio with strong focus on sustainability. Here we have two targets, where one is focusing on rent-regulated residentials, where we are guiding to renovate 600 apartments on yearly basis. For the first half of 2021, we delivered 375 apartments. The second one is delivering SEK 600 million in profit on yearly basis. Here also, we have a highly experienced specialist team with strong relationship with the tenants to understand the needs and requirements, but also with long track record of delivering sustainable investments and strong profit. Next slide, please. On this slide, you can see that we are continuing to deliver also profit from our investment in sustainability. We have a vision of becoming the world's most sustainable property company by 2030. We expect we should be climate neutral by 2030. However, given how important sustainability is increasing, we will probably look to update our vision with even more ambitious goals in connection to our Capital Markets Day in the autumn. Here as I said, we guide earnings effect per year of SEK 600 million. For the first half-year, we had SEK 233 million. Given that we have a higher pace of refurbishments, we are also here in line with our goals. Next slide, please. A few words on sustainability. As I mentioned, this is core part of our business. We are having a strong vision 2030. We will work to update it with even more ambitious goals to present in connection to our Capital Markets Day. Today, we are one of the largest, if not the largest issuer of social bonds in Europe. I'm very happy, and I will always emphasize this, that this summer, the summer of the pandemic, that we could offer 300 young people summer jobs. That is how it should be. That is how business community should work together with communities to create best long-term value for the shareholders and best value for the society. Next slide, please. Including our three value-add strategy with our transaction team delivering strong also this quarter. Also here we have the number one real estate M&A team in Europe. We have been able to both acquire at attractive levels and sell at attractive levels. Few sales that we did in Q2, we did some of those 20% over our latest valuation. There is more to be done. Just to give you a flavor, if you look at our journey, you will see a journey with very strong presence in M&A market. For the first half of 2021, we did transactions for SEK 36.3 billion and delivering strong growth. You see also in this market large undersupply of community service properties in the Nordics. This is of course giving us additional opportunities to continue to support Nordic municipalities to deliver best social infrastructure. As I used to say, we have a placeholder here, estimated recurring earnings effect per yearly basis of SEK 400 million on yearly basis. We have been delivering much more than that every year since start of the business. Next slide, please. Just putting those together. As I said, SEK 6.5 billion in rental income, of which 98% are coming from AAA economies and rent-regulated residentials. On top of this profit, estimated recurring profit from building rights development and new production of SEK 1 billion-SEK 1.4 billion. We already overachieve in the first half of 2021. Plus profit from investments in existing portfolio through refurbishments and on top adding profits from value-adding transaction. This will give you understanding how we and why we are delivering the strong profit and also why we are increasing our forecast for this year. Next slide, please. Just two slides and trying to summarize the main messages, and starting with message highlights. We have the most stable cash flows in Europe, backed by AAA countries. On top of that, we have a strong growth fueled by three value add strategies, building rights development and new production, investment in existing portfolio and value add transactions. We are also a dividend company. We think that it is having, as in our case, 100,000 shareholders is also strength of this company, and that is also our dividends that are currently 1,000 A and B class shares. We will also do investigation for starting to pay dividends on monthly basis after next year's annual general meeting. On the ratings we think that we have delivered all key ratios and have a stronger both financial position and income position and are in the space with stronger growth that the majority of BBB+ companies in Europe. We look forward to be updated to BBB+ and then to continue to perform to, in long term, achieve A- rating. As I said, sustainability is not for us something separate. It is strategic core of our business model. Next slide, please. Let me summarize with few lines. As I said before, for the full year of 2021, we are guiding for earnings per ordinary share A and B shares to be SEK 7.8 crowns. We have strong and stable cash flow backed by AAA countries, where SBB continues to deliver strong profits, secure cash flows, and high growth. Profit after tax for the first half of 2021 was SEK 9.3 billion which is an increase of 258% compared with the same period last year, 258%, and also that following strong growth from the previous year. Adjusted for non-recurring costs for repayments of expensive loans and including deductions or payments of earnings attributable to preference shares, Series D shares, hybrid loans, and minority interest, profit for the period amounted to SEK 6.09 crowns per Series A and B shares. It is important to mention that we have paid back all of our preference shares. Number two, SBB board has decided to investigate the possibility of monthly dividend of the ordinary Series A and B shares from the next annual general meeting. The inquiry's conclusion, together with the board's assessments of the scope for dividends in the next year, will be presented in connection with Capital Market Day, which is planned to take place during autumn 2021. At this occasion, we will also present our update on our sustainability vision 2030, with increasing the bars on sustainability as the main issue for long-term value creation. Highlight number three, all our value-add strategies are performing better than guided. Profit from building rights, development, and new production for the first half of 2021 amounted to SEK 1.5 billion crowns, compared with the target of SEK 1 billion-SEK 1.4 billion on annual basis. At the end of the second quarter of 2021, SBB's portfolio of building rights amounts to 42,000 apartments, which together with project portfolio, which means ongoing projects and production, and part of it in joint ventures is totaling 59,200 apartments, and makes SBB the leading residential property developer in Europe with amazing potential for value creation and long-term income. To summarize the main message, SBB's 12- month rolling earnings capacity rose by 30% during last year compared with the second quarter of 2020 and amounting to SEK 3.79 crowns per Series A and B shares. As I mentioned before, we do see that we have great potential for value creation. Our valuation yield is 4.34% in a market that yields requirements for our lowest assets are more often below 3%. As you said, they are more often at 2.5%, 2.75%. That should be put in a context where our average interest rate is 1.13%. Our value-adding strategies continue to outperform at all levels. By itself, the profit from our full value-add strategies, development of building rights, new production, and investments in existing portfolio ended up at SEK 1.7 billion in profit for the first half of 2021. Here, our scenario analysis shows that we have potential for tens of billions of Swedish [crowns] in added value from our building rights portfolio. If you look in our report, you'll see that we have refinanced SEK 50 billion of debt. We are running a portfolio of almost 100,000 apartments, 59,000 apartments by ourselves and our associated company, JM, of 37,000 apartments. We are a running company with an income on a yearly basis of SEK 6.1 billion. Our 300 employees are doing a great job, and we are ready to continue to outperform the market. I will stay there, and thank you very much for listening, and we can take questions. Thank you, ladies and gentlemen. If you wish to ask a question, you have to press O one on your telephone keypad, zero and one on your telephone keypad. We have the first question from Fredrik Cyon from Carnegie. Go ahead. Good morning. Yes, a few questions from my side. Starting off with the property rights last quarter, they were rather significant at the SEK +5 billion. What proportion of that is driven by yields, and what part is cash flows? I think, Fredrik, if you look at our strong profit coming from our value-add strategies and strong development in earnings capacity you can see that it is very small portion that is driven by yield. It is probably around 3%. As I said, our valuation yield was 4.34%, which is still very high compared to market. My second question relates to admin costs. They were high in the quarter. What was the explanation? I expect that some of that is one-off cost. We assume it's one-off cost. A relatively large part of that is one-off cost. One cost is that we have had a strong two years behind us, and we have paid bonus to all our employees. We actually have bonus for all employees in SBB. The second one is we are still taking some transaction costs to the central administration. We see that given our large pace of transaction, we increase also our cost guiding in earnings capacity for central administration to SEK 200 million. I'm still arguing that our cost in a normalized environment is closer to SEK [160 million]. It's large part non-recurring costs. Okay. My third question relates to results from JVs. They were close to SEK 400 million in the first half. I acknowledge and appreciate the improved disclosure at the back of the report, but can you tell us how much in the first half is actually cash earnings that JV generated, and how much is related to value changes? We are improving disclosure here and we have now published some numbers in the report. In the first quarter, we have actually almost everything in cash. We will continue to increase disclosure here. Okay. Two more questions. Ilija, you've been extremely active as you have been for a number of years on acquisitions. How would you describe the current acquisition pipeline? Are you looking into new geographies? Do you think you will be as active in the second half of 2021 as you were in the first half? We are focusing on healthy growth, and we have been able in this quarter to improve our numbers and to strengthen our rating key ratios among other stuff also by selling some non-core assets with 20% premium to the latest valuation. For us, we are continuing to grow. We are working at the same time hard to increase our rating, and we feel that we will be able to combine those two. Also, given that we have a large equity outside of the balance sheet in our property portfolio. Okay. My final question relates to the investment in JM. What is the primary potential that you see in JM as a shareholder but not having a board seat? What is key reason for SBB to be an investor? If you compare both JM and SBB, both of us have a very conservative valuation of our building rights portfolio. Particularly if you compare with some of our competitors, but also if you compare to European competitors in that perspective those building rights both at our balance sheet and at JM balance sheets are very cheap. We see that JM has a strong position in the market that we know well and the market that we feel pretty confident with, given the large potential from building rights in central locations. Okay. Thank you, Ilija. Those were my questions. Thank you. Next question from Simen Mortensen from DNB Markets. Please go ahead. Yeah. Hi, this is Simen. I just have a few questions on my side. The earnings capacity, just wondering what is the cutoff of the transactions announced in the end of Q2? Which one is included and which one is not included? For instance, is the Rikshem transactions included which stated it's going to be settling Q3? is the July 6th transaction included, which stated the related three historical transactions? Just wondering where is the cutoff in the earnings capacity and which of the latest transactions are included in that guiding? Rikshem is not included because it was signed after the quarter. I think that is probably the only transaction that is after [inaudible]. The Stockholm, Västerås and Helsingborg transactions is included in that guidance, if I understand correctly, the July 6th? Stockholm is included, but Västerås and Helsingborg are part of Rikshem transaction, so that is not included. Okay. Just also a question here on the JM. Just spotted there in the profit from property management, you serve SEK 1.764 million in the profit guidance. Just wondering what's your rationale of using that in the profit guidance here? It is a bit above consensus expectations, actually. Quite significant. It is coming from me, and we looked at last 12 months, so we are not doing any forward-looking statements. It's just based on the performance from JM on last 12 months. Okay. My last question is the earnings guidance there of SEK 7.8. I just looked at the EPRA earnings and the EPRA EPS. EPRA EPS in the quarter was down 52% year-on-year. EPRA EPS year-to-date is down 7%. If you could help me understand how much of that earnings capacity or earnings guidance of SEK 7.1 might actually relate to EPRA EPS, and if you can put that in connection or give any comment on the EPRA EPS figures for the quarter as well, which was down 50%. Simen, as you know, you can take whatever measure. I'm not in the business of measures. I'm in the business of delivering profit to my shareholders. Profit to my shareholders is going to be SEK 7.8. That is our forecast for the year. We had for the first half of the year SEK 5.94 crowns per share, and for the whole of the year, we are counting we deliver SEK 7.8 crowns per share. I look forward to compare the numbers at the end of the year. Okay. I was just wondering if your own EPRA figures, if you had any comments on that because it was reported. Thank you. Always, EPRA figures are having large deficiency, as you know, related where you issue the shares, where you issue the hybrids, also where the income is coming. I do not spend a lot of time with that stuff. I'm focusing to run the business that delivers profit, and that is actually the only thing that counts at the end of the day. Okay. Do you have any date guidance for us when we should expect the Capital Markets Day? The item is quite long. I'm just excited to hear your new targets. Has the date been set or when will you set it? No, we have not set the date yet. We will announce as soon as we have that. Okay. Thank you for taking my questions. Thank you. Next question from Staffan Bülow from Nordea. Please go ahead. Yes, hello, thank you. First of all, nice to see that you specify the locations of your building rights. Regarding the building rights, the book value stands at roughly SEK 1,200 crowns per square meter. Could you give an indication, if you were to sell these building rights today, what would the market value per square meter be? As you understand, the value will be many times more than that. That is one issue that we need to look going forward because we have a large equity outside of the balance sheet, which is in the building rights, but also in our production portfolio. It's not normal to build apartments in Stockholm region and having them at the book at yields of 4.5% or sometimes even 5%. There is a job that we need to do to illustrate the large and the valuation that we have on our book assets. Thank you. You mentioned SBB's valuation yield is 4.34%, but you state that your assets has amount of rather below 3% if you look at the transactions. How long will it take to close the gap between your portfolio yield and market yield? I have been hoping that this gap should be closed rather sooner. I hope that at least it will be closed in the next six- eight quarters because it is a large gap, and it is very easy for everyone to see the assets and also to see where the market is. We need to do more work on this to show our values because it is, how to say, in today's environments, if you have, as I said before, SEK 30 billion, SEK 40 billion outside of the balance sheet, those are the large numbers. It's almost double NAV. We need to look more at those issues. Okay. Thank you. Two more questions. You recently acquired some shares in John Mattson. Should we view this as cash management or a long-term investment? Yeah, that is cash management. Probably some of those shares are already sold, if not all. I actually don't know. That is more our team is making sure so we make good money from our cash. I actually like that question because our team that is managing this is very good. I think we have the value of financial instruments in Q2 delivering profit of more than SEK 1 billion. Large part of this has been cash, and they deliver some extra cash also after the end of the quarter. We are always very, how to say, very clear in our messaging when the assets are long-term assets. Those assets we can comment like JM, that is our long-term investment. Okay. Finally, you have delivered on BB B+, so have you heard any indications from rating agencies? No, our job is to do our job to continue to deliver, to continue to strengthen our balance sheet which we show once again. We showed through pandemic that we are having the safest real estate business in Europe, the only business in Europe having almost 100% rent collection. We show now that we are delivering very strong equity rise with strong profit, at the same time increasing value of residential part of our portfolio to be almost 50% of total portfolio. On top of that, we also see that credit markets is reacting very positive. Our bonds are traded at same level and better than BB B flat bonds, and we are close to some BBB+ bonds despite the big gap in the rating. We hope that rating agency will do their job, and we will continue to do our job. Great. Thank you, Ilija. That were my questions. Thank you. Thank you. Next question from Bertil Nilsson from Carlsquare. Please go ahead. Thank you. Bertil Nilsson. When you look at your very cautious goal for property development profits and I looked at your operating goals, you have at least 5,000 apartments per year on a portfolio of 20,000. That is 25%. Maybe you said it during presentation, but do you think you will increase your pace in production since it comes similar signals from other property developers lately? Bertil, we have already good production. The big difference is that we are not taking all of the equity the day one which according some newspapers, some other players are doing. I think both our income development, we will see strong income development coming from new production. We will also see strong value. However, we need to look at the issue that we have, as mentioned before, very low values at our balance sheet. That is something that we need to look at and by market information, and also to see how we can visualize and get the value to the balance sheet. Okay. Thank you. Thank you. Thank you. We have one last question registered for the moment from Oliver Carruthers from Goldman Sachs International. Please go ahead. Hi, Ilija and team, and thank you very much for the presentation. Just a couple of questions on the building rights portfolio and the development there, just to check that I've understood everything correctly, and I appreciate the new disclosure in the presentation. I'm just trying to marry up slides nine and 10 with page 24 of your release. I just want to check I've interpreted things correctly. You have your building rights portfolio is 59,000 apartments. Of those in your project portfolio, that's 7,600. If you develop that 7,600 and the community services element of what was also in your project portfolio, that will correspond to an additional SEK 969 million of NOI. Is that a correct interpretation or am I going wrong somewhere? Exactly. That is correct interpretation. all you can see- Okay. You can see where estimated the investment and you can see that for this portfolio that is currently in production, there is probably an extra value of SEK 7 billion according to my view of the market by today. It's additional SEK 7 billions of equity that is not at the balance sheet. That SBB's investment number that you've got, I guess the SEK 6 billion on the stuff currently under construction, does that include sunk cost? Does that include the project you've already acquired within that or is that cost to come? No, when I said that on this current portfolio, there is after all cost and after today's book value, there is additional SEK 7 billion in profit than some other companies should already have at the balance sheet as equity. This is very good. You are asking one of the central questions that I've been thinking about when working together with my colleagues on the report. You can on top of that, you can add this cash and this equity is very visible because those projects are ongoing. On top of that, you can have the extra value from the building rights portfolio where the projects are not ongoing. Okay. That SEK 969 million, what's the, I guess, time horizon to delivery of that incremental NOI to you? What is the required CapEx at your share? This is going to be delivered in next two years. Two years? The full SEK 969 million? Okay. Yeah, those are ongoing projects where the, how to say, where everything is in place and production is in place. Okay, brilliant. Thanks, Ilija. I can take anything else offline. Great. Thank you. Thank you. We don't have any more questions by phone for the moment, ladies and gentlemen. If you wish to ask a new question by phone, you have to press O one. It's zero and one on your telephone keypad. Once again, ladies and gentlemen, if you wish to ask a question by phone, you have to press O one on your telephone keypad. We don't have any more questions by phone. We have one question that's come in writing, and it's as follows. I was wondering if you could give us a bit more color on SBB aims to achieve an investment grade rating of BBB+ in the short term and of A- in the longer term. What do you see as the short- term, and what are the main constraints? Thank you. We do think that we already now, given the high quality of our portfolio, high exposure to residentials in AAA countries, and our strong numbers and financial position, and also given that we have a very high rate of incoming assets, and also according to our numbers and according to S&P's definition of net debt related to total capitalization, we do see that we have on 12 months forward-looking net debt to total capitalization of 48%. All those numbers are in line with having BBB+ rating. From our view, we have delivered the key ratios that we think are important, and we think that the credit market is giving us right, and we will follow up, and we have to wait for rating agencies. That is today's discussion about. D iscussion is to make sure that we grow healthy and that we have a strong balance sheet. A- rating, given the quality of our, and the uniqueness of our portfolio that has been proven through pandemics, that is natural that we will strive for A- rating. That is in the long term, and as I say, that is our view. Thank you. As there are no further questions, I would ask you, Ilija, to sum up the second quarter 2021 earnings call. Thanks. Thank you, Marika. I just want to emphasize that we are in this report increasing our forecast for the profit for year 2021 from SEK 5.15+ per share last quarter to SEK 7.80 crowns per Series A and B share for 2021. We deliver strong earnings capacity, strong profit, and with large potential that is today outside of the balance sheet, that there is large value creation there. Looking forward to follow up on this. Thank you very much. Wish you a great summer and stay safe. Thank you all.