Good morning, everybody, and welcome to the Scandi Standard interim report presentation. If you look on page one, you can see our historic annual growth around 7% per year. Where we see this in 2020, that revenue growth have been flat, but you also see a stable market development over time. Going more, flipping page into page three, looking a bit more into Q4, it's a result that show our resilience in a challenging environment. 3% net sales growth in local currency and 1% drop in SEK due to currency. The retail business that proved resilience to COVID-19 effect, but also challenges within food service, and export segment. We deliver a 4.8% adjusted EBIT margin that can be compared to 4.3% in the same quarter of last year. Happy to say that our plant-based product launch is well underway, and also that a SEK 2.5 dividend is anticipated during 2021, and we will revert to that a bit later. Going on to page four, looking at the Q4 demand, that shows a strong retail demand with 8% growth, representing 67% of total revenue. Also underlining what I mentioned before, that COVID-19 have been very resilient in terms of the demand within our domestic market. Whereas we, in Q4, experienced an 18% drop in food service sales, representing 17% of total revenue. That is a result of a certain new round of COVID-19 lockdown measures that were taking, in various markets during the course of the latter part of last year, and that has also caused some inventory build-up that we have had to deal with. We've seen a 23% drop in export, representing now 8% of total revenues. That is a significant oversupply and very low prices, which have led to a mark-to-market reevaluation of our inventory. Going on to page five, we see retail growth offsetting the drop in food service. If you look at the chart to the right, you can see that Retail, sorry, the top one, have delivered sort of a stable growth during the year, whereas food service in Q4, with a drop of 18%, as mentioned, which is more or less in line with the drop we saw in Q2 of 20%. Again, retail is showing the resilience and food service being down. We do feel that there is a large food service potential once consumers are more free to move around. As long as these lockdowns continue into Q1, we're going to have kind of an uncertain outlook when it comes to food service for the beginning of 2021. Going into page six, we see successful mitigating actions to deal with COVID-19 and bird flu. As mentioned, there is a significant reduction in global commodity prices, and the chart to the right has just showed one piece of the chicken leg, how market prices have developed, has basically been halved due to this oversupply that has been sort of accelerated as further lockdowns have been imposed across basically all markets. This development has been accelerated to some degree by the bird flu outlook, outbreak, but it's mainly COVID-19 triggering this development. Happy to mention some of the mitigating actions that we are taking to reduce our exposure to factors like this. Our export share and the volatility have been reduced from 15% in 2016 to 8% of revenue today. We've also, that relates to the bird flu situation, been able to have an increased adoption of regional restrictions. That means that the impact will be clearly reduced. Also through increased cooking capacity, we've also been able to reduce the impact. The negative effect from COVID-19 and bird flu in this quarter is totally impacting of SEK 31 million, what we here take as non-recurring. Also would like to draw your attention to the negative effect from bird flu. We have estimated that to be around up to SEK 20 million, that is more than half of the impact we saw last time when bird flu was around, and that's thanks to the mitigating actions I just referred to. Going on to page seven, showing net sales by product category and country. 11% growth in ready-to-cook chilled, primarily sold for retail. Whereas we have a 10% drop in ready-to-eat, where a lot of the products go through traditional food service channels and also quick service restaurants. We saw a drop in the low margin ready-to-cook categories, both on export and also on some frozen categories. If you look at the geographies, very strong growth in Norway, in Ireland, and in Finland. Whereas in Sweden, we have had less campaign activity, impacting margins positively. Denmark, where we have got by far the largest exposure to food service and export, we have seen a negative net sales development. Going on to Q4, looking at EBIT. Improve the adjusted EBIT, where there's a volume effect driven by higher margin segments or growth in higher margin segments. We have seen an increased share of leg deboning, which is driving price mix positively. It allows us to sell a bigger proportion of legs in our domestic market. It does add additional processing costs. Is clearly margin accretive to the group. There's been other price mix impacts, mainly coming from less campaign activity and also a reduced relative share of frozen and export sales. OpEx being in line with previous quarters. There's a negative currency effect of SEK 6 million. Going on to page nine, looking at the quite impressive growth we have developed over several years organically within ready-to-eat. That is taking a little bit of a dip last year due to food service, as we can all imagine. Still areas where we see a great potential. We don't anticipate, by any means, any negative effect by corona once these restrictions are lifted. This is also the reasons why we are confident of building a plant-based business unit due to the fact that we have had a very successful development within this field. It's largely same outlet, same manufacturing lines and so forth that is relevant when it comes to plant-based. Just talking a little bit more about plant-based, some of the products we have developed, we see this as an avenue for profitable growth, very similar and strong secular trend as we see for poultry products. See development here that's basically based on existing skill set, use basically the same plants, utilizing the relationships we have, both on the retail and the food service side, both in our domestic markets, but also on export markets in Europe. I'm happy to say that the first retail listings have been achieved, and we'll be start rolling those out in the beginning of Q2. Also, the investment in Veg of Lund is an example of our commitment and also long-term commitment to developing a plant-based business within Scandi. Talk a little bit about the segments. Sweden, we've seen successful timing of cautious volume strategy that has a positive impact on margins, 2% drop in net sales, and a margin growth going from 8.2% EBIT versus the 7.1, the same quarter of last year, driven by, as I said, less campaigns, a higher proportion of chilled products, coupled with a very good cost control that delivers a strong result in Sweden for this quarter. Going on to Denmark, that's the business where we are very exposed to COVID-19. It's 57% of net sales goes into food service and export versus that share for the group is 25. That has also caused a 10% drop in net sales, both a volume drop and also a drop in price realization, giving us this breakeven result we report in this quarter. There's been an inventory buildup due to these factors, and we have had to do a mark-to-market reevaluation that had negative impacts as we speak. Once these restrictions are lifted, we certainly have the ability to scale up the business at short notice. Talk about Norway, another strong quarter. 17% increase in local, six in SEK. Strong demand from the retail market, where ready-to-cook products in particular have been the driver. Some of the products, some of the examples of our premium range, you see those pictures to the bottom of this page, where we have been able to take EBIT up to nearly 10% compared to 8.2 in the same quarter of last year, thanks to strong operational performance, both in terms of production yields, efficiency, but also a very good commercial execution by the team in Norway. Going on to Ireland, very exceptionally strong quarter with a 14% growth in local currency, 10% in SEK, and the record EBIT margin of 9.4% compared to 5.9% the same quarter of last year. It was a quarter where basically everything went right. When we sort of looking ahead, we do see some increased raw material prices that will have an adverse effect that we are dealing with in the market. Finland, another quarter of strong growth. 11% growth in SEK, and 15% growth in local currency. Strong growth in ready-to-cook, chilled, and then also a market where we've got limited exposure to food service. It's an encouraging margin growth that we now have delivered 5.2% EBITDA margin in 2020. Also bearing in mind that the Q4 is seasonally a relatively weak quarter in Finland. We have now concluded the investment to facilitate further growth, and that we have been going through lately. With that, I would like to hand over to you, Julia. Thank you, Leif. We turn to page 16. Going back to the total group P&L. As you said, we had a top-line growth of - 1%, but in local currency + 3%, giving us an adjusted EBIT, which is up 10%, SEK 260 million. As said, we've had some quite large postings of non-recurring items in the quarter. The biggest one is SEK 21 million related to the earnout provision for Manor Farm. This is driven by the strong Q4 results we've had. Secondly, as we already talked, we have the COVID-19 second wave, which led to some negative effects totaling to SEK 16 million here. This is mainly driven by inventory write-down, but also to a temporary closure of our main ready-to-eat plant in Farre. [audio distortion] We'll tend some lines there. We have bird flu, as also I've mentioned, where we have also done some inventory write-downs coming to SEK 15 million. We have a post related to our respective Swedish subsidiary, where we have discontinued rental agreements and also written down some associated assets at a total cost of SEK 7 million. That all brings us to this SEK 59 million in total. Looking at the net financial items, they are a little bit up versus the same quarter last year at SEK 23 million. Looking at the full year, we are significantly down. We have a high quarterly tax rate of 35%. This is driven by adjustments to deferred tax assets. Again, for the full year, we are at 20%, which is down versus the previous year. This all leads us to an earnings per share of SEK 0.32, this is down versus last year. If you look then at the adjusted earnings per share, it's at 1.22, which is up versus the previous year of 0.84. Going to page 17, we look at the statements or financial position. Again, here you can see that both the return on capital employed and the adjusted return for equity are up. Again, these are also of course impacted by our non-recurring items. The return on equity is at 11.5, which is down versus the year before of 14.2. Nevertheless, the equity is still up, and we have improved our equity ratio to now be at 29.3% versus 27.8% the year before. Turning to page 18, looking at our working capital. We are a little bit up versus the Q3, but we're still at low levels with a total working capital of SEK 64 million. This has been positively impacted by some continuous state aid related to postponement of tax payments of roughly SEK 31 million. Of course, versus last year, we also have some increased factoring and vendor financing. We're not taking up any new contracts for this quarter, but it's up versus last year. There's a little bit of reduced inventory as well, and we have lower receivables than the year before due to less export shipments. All in all, this leads us to a working capital of net sales of 0.6%, very low numbers. However, if I were to adjust this for the state aid received, we would have been at 1%. Also, if we adjusted for both state aid and financing elements in the shape of factoring and vendor financing, we would have been at 5.8% versus 6% the year before. Overall, our target level for adjusted financing is to be around 6%. Going to page 19, looking at our cash flow and our Net Interest-Bearing Debt. You see we have a slightly negative operating cash flow in the quarter, which is related to the fact that in previous quarters we had a higher state aid, the postponement of taxes, and now we have paid some of that back, which is impacting the working capital. Looking at the full year, we do have a solid cash flow, and we have reduced our Net Interest-Bearing Debt. Now it's down to SEK 1.9 million. Going on to my final page 20. Some comments on our cash flow guidance. Our capital expenditure for 2020 landed at SEK 355 million. We expect that the capital expense for 2021 should be around SEK 400 million. The paid interest estimate is still to be around 3%-3.5% of average NIBD, and the blended effective tax rate is around 19%-20%. Looking at our continuing liabilities, we still have the Manor Farm acquisition. As we talked several times, it's the three different earnout tranches to be paid in 2019, 2020, and 2021. The final tranche will be paid now in 2021. Looking at our dividends, the board anticipates to do dividend proposals of a total of SEK 2.6 per share for the financial year in 2020, of which the board proposed for the AGM is anticipated to be at SEK 1.25 per share. The board intends to propose it for a second dividend of SEK 1.25 per share again for an EGM in the second half of 2021. All in all, SEK 2.5, which is a yield of roughly 3.6%. With that, I'd like to hand back to Leif. Thank you. Going into a very important part of Scandi Standard is the way we work on sustainability under the heading of The Scandi Way, fitting our efforts into people, chickens, and planet. I would like to give you a bit more extensive updates on what we're doing and where we are compared to what we usually do. Going on to the next page, you see some inputs on the people side, and of course, a very big focus this time around has been how to protect our people from the pandemic. I'm very happy to say that this has been managed very well so far. We have had little prevalence of people being sick. We've been able to operate all plants at all times. Very extensive testing and a lot of measures being taken to ensure that we have been able to avoid the disruptions that you otherwise see in parts of society. We do an ongoing employee satisfaction survey called the Scandi Pulse, that we did in the latter part of last year, getting to, for our industry, a very high index of 72, improved from 69 delivered from last result. Also, we have adopted an even stricter clean label policy affecting the way we develop new products, which is another sign to our commitment within that field. Going on to the next page, talking a little bit about the chickens and the use of antibiotics, and the way we have been able to export best practice within this field. If you see in the top right corner on that page, the historic development in the use of antibiotics within our Nordic markets, which has been basically zero all the way through, where only sick animals are treated, and only after veterinarian decisions. We have a very good and rigid contractual agreement with our farmers and strong incentive systems to ensure that we keep these levels at this world standard, very unique world standards. If you go to Manor Farm, when we acquired the business, they were at European average. I'm actually very proud on that chart in the middle of this page to the right, of being able to reduce the use of antibiotics with nearly 80% over a relatively short period of time. That's very unique. It is the result of a long list of initiatives all the way through the value chain that's been able to get us to that level. It's also when you then add the Nordic business with Ireland, you see that on the bottom chart, you see the way where from 2017, there was an increase with the Manor Farm coming in, but also the way we've been able to take it down. As more acquisitions are likely to come, and from markets where the use of antibiotics historically are very different to the levels that we practice in the Nordics, you are likely to see this curve going a little bit up and down. I think we are very transparent here and very convincing, showing our commitment and our ability to stick to our vision within this field. Going on to another one that's very important is the foot pad lesions, which is the leading indicator for animal welfare. You see on the top graph here, the development in the Nordics. It is a score that's done by official veterinarians. If you sort of say, what is this to be compared to? There's no European tracking of this, but we would estimate that the European average would be something between 60 and 70 points. We are here very low. Even improving, as you can see on the top right. This is another area where we have been able to improve and transform best practice into Ireland, where we have seen a reduction of 72% over the same period of time. Having said that, you saw in 2019 that there was an increase, mainly driven by some issues with feed. It just shows how quickly this can move, but also shows how our determination to get it down again have paid off. Going on to the next page, talk a little bit about planet and how better logistics within Scandi will be able to save quite significant CO2 emission. Just to bring you up to date that we are setting our goals in line with the Paris Agreement to halve our emissions every 10 years, with 2016 as our base. A couple of initiatives. One is a pilot project that we have done here in Denmark with fossil-free cooling trailers that's been evaluated. We also made a new agreement to have CO2 neutral cold storage that will be implemented during the course of 2021. Also in Sweden, we will be moving to another logistics partner that will be saving a lot of kilometers driven, and that will also be implemented in 2021, just as a few examples. Going on to page 26, talking a little bit about the EU taxonomy. Just to give you a little bit of heads up what is it. I'm sure a lot of you have heard about it, but some might not. It is a new framework that's been coming forward that's defining what and helping people to make sustainable investments. It's basically a tool to investors and companies to navigate within this field on how to build a low carbon resilient economy and also companies, of course. A classification system to help people navigate in this field. There will be a number of criteria and performance thresholds for the activity within the different key sectors and how we contribute to climate, environmental objectives, that we do no or very little harm to the environment around us. There's also some social requirements built into this. There will be companies that will be start reporting these activities for the year of 2021. Just to give you an input up from the Scandi Standard perspective, we certainly welcome an acceleration of this policy framework to develop more and more clear standards for us and companies and industries to be able to track real improvements. We really welcome that. We are very committed as a sector leader to continue to be so and even move the targets further going forward. When we look at our total value chain, the biggest impact we have is the feeding and growing of our chickens, where we have very ambitious and long-term policies on how to do that with an improved environmental impact going forward. We are confident that whatever targets is going to be the final ones within this field, that we will be well within. We will not be happy with that level. We will continue to see how we can improve going forward. We very welcome this initiative. Going on to the last page, summing up this quarter, it shows Scandi Standard being resilient in a challenging environment. We continue to have solid contingency plans in case of some business disruptions due to the pandemic. As I mentioned, we have a solid balance sheet and a strong liquidity situation. We have launched the first plant-based products here in this year. They will be hitting the market here in Q2. Even with the restrictions around us, we do continue to follow structural opportunities closely. We have, as I hope that will on this presentation, also commit that we have a strong commitment to progress within a number of ESG parameters, and we are constantly moving in the right direction. We expect a strong food service rebound once consumers are more free to move around. Board anticipates a dividend proportion of totally SEK 2.5 share, split in SEK 1.25 at the AGM and another SEK 1.25 anticipated for an EGM in the second half of the year. With that, we would like to take questions. Thank you. We have a question from Daniel Schmidt of Danske Bank. Daniel, please go ahead. Good morning, Leif and Julia. A couple of questions from me. Starting off with the COVID maybe and the bird flu, and the charges that you took in Q4 and we're halfway through Q1, and of course, the COVID situation has not really improved versus what we saw during late autumn. Could you give some guidance on what you think that you would need to do in terms of writedowns and stuff in the start of this year? Yeah, you're right. These restrictions that we all are having to accept are still around, and they are very similar to what we have seen in Q4. We will estimate that the impact of about SEK 30 million that we take in Q4 will be similar in Q1, as the challenges we have in this area is likely to continue with more or less the same level of restrictions also in Q1. That's our best guess, although it is a little bit of an uncertain time again. That'll be our best guide. Yeah. Implicitly, does that mean that when it comes to the bird flu guidance that you gave in connection with, I think in late November, where you said SEK 15 million-SEK 30 million, does that mean that the cost for the bird flu is going to be at the top end of that range? Hello? Okay. Do you hear me? Yes, it does. Yeah, I hear you. Oh, yeah. Now I hear you again. I didn't hear the question. I apologize. No, okay. Something happened. All right. As you see it right now, is there a risk that you will surpass that cost for bird flu, or is it contained to those SEK 30 million? We believe that we will be able to stick to that guidance. We have seen a couple of new cases coming in, so it is based on that we will not see many more cases coming in. It is our estimate that we'll be able to keep the total effect within that SEK 30 million mark, which is also, as we hear, this is more than half of the impact we had last time around. We expect that is still the best number we can give. Yeah. Yeah. You mean less than half, right? Less than half, I think you said. Yeah. More than half. Okay. Less than half. Okay. All right. A question on the dividend. Why two AGMs? Why not just go for one AGM and two installments? Yeah. Well, different ways of handling it. The board have been looking a little bit about what the other company is doing. We believe this time it is nice to be a bit careful and prudent, even though that we have a very resilient business to the challenges, but still that has been the reason why it has been done in this way. It's also a way for the board and for the company to kind of test the idea about having two payouts during the year. That has been the thinking behind it. Okay. Just when you mentioned Ireland, you did say that they got some help from raw material implicitly in Q4, and that is reversing now, becoming a headwind in Q1. Could you quantify that tailwind and headwind in any way? It is a bit developed. I would say the positive we saw, we have in Q4, it's not so much driven by feed, it's more driven by a variety of other factors. Exceptionally strong growth, 14% growth in the branch, of course, is helpful. We have seen birds performing very well, weight coming in very well. Weight giveaway. It's just when you look through the KPIs in Ireland, you say, "Wow, what a quarter." Also coming to a 9.4% EBIT margin. We just want to communicate that is very exceptionally high, and you can also, when you compare to previous quarters, that really stands out. When you look at the commodity prices globally, there is sort of a situation where feed prices are expecting to increase later in the year. How much that is going to come through, there's also usually an element of speculation this time around. Generally, in our markets, we are well protected through this pricing model we have, where there's an acceptance of feed-driven raw material inflation to be passed through. Whereas in Ireland, we are producing the feed ourselves, so we are much closer to it and a bit more, let's say, both up and down, exposed to it, and with these feed prices moving up, we are following that very closely to ensure that we are being fully compensated in the market. Yeah. All right. Then maybe finally, just for clarification on underlying EBIT, and you marked these charges well, I think, in the quarter. Am I right in saying that the underlying EBIT does include government support, even though it's not a lot? That is very limited. I haven't got the exact figure. Julia, have you got it? That was SEK three million, I think. It is not excluded. No, if you look at the support, it is implicit. It's part of the underlying figures because it's so small this time, right? Yes. It's also important to say that when you look at the COVID-19 impact, there's of course, a lot of other impacts that's taken as part of ordinary business, so to speak. Yes. The whole impact on food service, the gross margin, that area is very much down. Of course, that's something we absorb. It is sort of only the effect relating to actually having closed down lines relating to this and also some write-downs. That's kind of the only things we determine to be non-recurring. Yeah. No, you can, of course, at the same time say that you've had over-demand on the retail side. Well, in some areas maybe. If you look historically, we've seen a 6% increase in our retail sales. If you look sort of years back, that's very much the growth rate that you have seen for chicken products over quite some time. I agree, this is an area that it is difficult to split what is what. Yeah. Right. No, but absolutely. It's a tricky environment right now. Okay. Thank you, Leif and Julia. Okay. As a reminder, for any further questions, star followed by one on your telephone keypad. We have no further questions on the phone line, I'll hand back. All right. Thank you, everybody. Sorry the presentation was a bit longer this time, because we were going to give you a bit more in-depth insight into some of the work we do on the ESG area. Thank you for your time, and have a great day. Thank you.