Good morning, everyone, and welcome to Sectra's three month interim report presentation with CEO, Florian Kronander and CFO, Jessica Horne Kvist. Management will start with their presentations, and you can ask questions in the chat function during the presentations, and management will address them after at the Q and A session. And with that, I will hand over to you, Torgio. Alright. Thank you very much. Welcome to our quarter one presentation for this fiscal year. We'll start with the interim highlights by myself, and then Jessica will take over and and present some financial developments and figures. I will have a brief set of way forward, and then we'll have a q and a session at the very end that you can use the chat function, or you can send in your questions by email. Our business operations sector, to repeat that, is Imaging IT. We manage images. Start we started with only radiology, which is still dominant, but we manage all images of the hospitals in one single systems today. We do pathology, radiology, cardiology, dermatology, ophthalmology, and other ologies as well. And then we have secure communications to the right that we'd handle the top level approved encryption devices, mainly for Europe, but all almost exclusively for Europe and NATO. We are NATO approved since before. We are also selling may mainly into Sweden and Netherlands, but also to other countries. And then we have business innovation where we have a greenhouse of future business or smaller business areas that actually do not easily fit into Imaging IT and Secure Communications. We have four operations there. Highlights from the quarter, we order bookings doubled compared to the previous RSA equivalent quarter last year, mainly due to successes in The US and Canada. We have grown very well in The US and in Canada, and it's almost exclusively software as a service sales in these in these regions. We sell very few licenses there today. All operating areas grow, which is important. And as I said before, we have a huge progress in transition to as a service model. And note that software service can be a little confusing. One model is selling a license upfront, which we did historically, and then we're getting perhaps an upgrade of service revenue from it going forward. The other one is when you have recurring revenue and you charge per user per month. That's a conventional way of doing it, and many companies have that model today. And most companies today is going to pay for usage, which we went to right away. We went from license bond to pay for usage. Other companies went to went to pay per user per month, which we skipped. We think that was good. The whole world is going towards pay for usage, but we want to right away. So we we are past a transition that many companies will have to do now. Happy customers drive growth. We have had customers, which is our main reason we have. We are rated as the happiest customer in The US and Canada in several other areas as well. The contract order bookings grew by 130% compared to q one last time. Net sales grew a little less by 6%. Now we also have currency effects in that, but it's still a good growth. And profit per share grew by 26% compared to the previous quarter. The transformation as a service model, as I said, cloud recurring revenue revenue is the recurring revenue revenue we get through cloud sales. This is for usage and what I described before. We also have recurring revenue, which is service contracts for the old systems that was once sold by by a licensed model. And therefore, we also inform you of the return revenue including that part. But the cloud recurring revenue is the new business model, and that has a very good growth of four to 6%. And before we had large growth figures of the relative growth figures, but now there's a substantial amount of growth from. So now this is begin to make a a real impact on what we do. The all over recurring revenue includes the cloud recurring revenue, but also the old service contracts, and they are not growing as much. And the churn, which is very important if you charge for usage, you don't want to lose customers because you never got that upfront, you want customers to stay. And we have a very low point 7% churn of our return revenue. Financial targets for the groups are from the less stability. Our systems are considered one of the most critical systems of both hospitals and nations. We said the highest level security systems for nations, and we also said with some some people say it's the most critical IT system in the hospital, management of villages. It definitely is one of the most critical. And you won't buy that from three guys in the garage. You want stability and long term on your vendor. And therefore, we also want it financial stable, and we have a equity assets ratio target of about 30%. We shouldn't compromise on that one, but we are well above it at 54%. Profitability, we need to make money, of course, on what we do. And the target is 15%, but both of these first and we are at 19%. Both of these first are hygiene targets as we see it. You can if we were asking or really trying to increase margin, we could, but that will compromise our future growth. And you can only increase margin once, but it can continue to grow forever. So whatever we have above 15% should ideally be invested in future growth. And if these two are hygiene those will have the third one, which is the main goal, but it's kind of third in priority. It's growth of profits per share, and that should be over a five year period above 50%. So at 115% is what we have currently right now. We also had a patent agreement last quarter that drove that up a little bit, but we are that's a one time thing that we go away after twelve months. So we are showing you two figures based on that. In communications, we were actually chosen to secure communications during the NATO Summit this summer. That's a huge honor. The NATO top leaders of NATO using our systems for communicating between themselves, and they do trust us. It was a huge, also, marketing event for us. Dutch authority is in charge was in charge of that. And, of course, they we consider Netherlands as one of our home territories for high level encryption. And we have NATO approved encryption solutions since before, but, of course, it's easier when we're part of NATO ourselves. We are selling these phones are the highest possible security levels for mobile devices. We also have an international healthcare provider and that went live with 20 sites in The UK. This is we see increasingly that some of the hospital providers operate in many countries. This is an international one who was our customer before, but they also went live with 20 sites in The UK. It went record fast. We all sites, all 20 went live within two weeks after deploying that first week. And this is so we are increasing efficiency in deployment in this one. It's interesting that we see increasing see this very, very large international chains buying from us because, of course, that's larger volumes and larger contracts if we get international business. It's redolvent plus mammography in this case. They do about half a million exams per year. And then I will leave her to Jessica, will tell you a little about financial development. Thank you. Good morning, and thank you for joining our first quarter call. We're off to a good start this fiscal year with strong order intake and cash flow and continued growth in our recurring revenues. During my presentation, I will focus on the development in base and our other key financial metrics. We doubled the contracted order intake year on year to 1,300,000,000.0, which is a confirmation of high demand in medical IT and cybersecurity. We were particularly successful in with contracting in North America in the first quarter, both in The US and Canada. And our book to bill ratio is currently at 2.9, heavily influenced by the large Q2 order from last fiscal year. Net sales increased by 6% to $766,000,000 year on year, adjusting for currency impact, the sales growth rate equaled 12%. And usage is driving the recurring revenue, which increased by 14%. We had a decline in our non recurring revenue as our customers are increasingly purchase services instead of the traditional software licenses. The share of recurring revenue out of total revenue is currently at 7265% rolling 12, and we continue to report low recurring revenue churn. Progress in the transition to cloud based service sales is reflected in the growth in cloud recurring revenue, which was 46% year on year. All operating areas report sales growth year on year. Imaging IT report overall sales growth of 4%, solid growth in recurring revenue and cloud recurring revenue as both existing customers and new customers increase usage, but at the same time, non recurring revenue. In secure communications, we have delivered year on year higher volume of products, services and development assignments to our customers, resulting in a growth rate of 20% year on year. From a geographic perspective, sales are growing in The US and Sweden this quarter. Growth is dampened by the development in exchange rates. We note that in local currencies, all markets showed growth in the quarter. Our operating profit rose by 19% to SEK119 million and the margin improved to 15.5%. And we see higher personnel costs partly due to the increased cost we have for our share based incentive programs. And at the same time, this particular quarter, we had lower costs for consultants and travel. We also highlight that the activation of new large sites is expected to only have minor impact on our profitability in this fiscal year. Operating profit, all of our operating areas increased profit year on year as well. Imaging IT is up 20% to 140,000,000 and show shows a margin just about 17%. And this is despite the costs for cloud transition and ongoing preparations for deployments of large customer sites. Secure Communications report operating profit of 11,000,000 at a margin of 11.6. And here, profitability is currently hampered by an extension of an ongoing development project. And the increased scope of the project as such is positive, but causes delays in serial deliveries and associated revenues. And we had very strong cash flow from operations in the quarter. And in essence, this is explained by profit growth and less capital tied up in current receivables. We received some large payments, upfront payments in the quarter. We also had quarterly invoicing that was settled within the fiscal year quarter. And we also note that in the comparable period, we had some large cash outflows connected to hardware and other project related items, and they were not repeated this quarter. We closed the first quarter with a cash balance of 1,400,000,000.0, and we have a proposal a proposed dividend of 405,000,000,000 for the annual general meeting next week, splitting an ordinary and an extraordinary dividend. That was all from me. Alright. Thank you, Jessica. And we'll go into our way forward. We have modified this a little bit. I will be a little more brief than normal with to make these presentations a little short. In medical IT, what we hear from customers is we lack medical staff and our workload is increasing. Last week, I was in a very interesting conference where this was pronounced even more. And a lot of medical doctors all over the world, not the least in The US, is just on the brink of burnout. They are working very hard. They make a lot of money, but they work working very hard hours. This will not be sustainable. You can make a lot of money, but you need to see your family sometimes. So tools for that is what we are in the business we're in. We are making health care professionals more effective. Workflow efficiency is paramount for them. They need to do more in available hours because the workplace is not getting less. It's increasing. And the number of people becoming medical doctors are not increasing at the same speed. Another one is we have too many IT systems. One of our customers explained to me a couple of years back that we had 1,100 mid not a very large hospital. That is very dangerous both from cost is high and maintenance to keep knowledge internal hospital, all these systems and interface and or everything else and training is very expensive. But it also use cybersecurity risk. Every one of those 1,000 mile an hour systems is a potential attack point for for cyber attacks. So they want to get the number IT systems down. And lately, see integrated diagnostics. People want to use many sources for their diagnostic processes. Before, Sergio Grigoli said something then the pathologist and so on. Now they want to take joint decisions. And they do that in the form of tumor boards, sort of that. And we are making tumor boards and you know, clinical conferences more effective. But we also try to get all the data they need into one place. We have connections to the EMR, lab, etcetera, and we do all the imaging internally, which speeds things up, which is important. So efficient workflows is becoming paramount in health care. I would say almost more more important than anything else. We are one of the fastest systems on the planet, and you can see they get there very, fast. It's us and a few others about the same. And today, we are the only vendor with all of these, what we call ologies in one single system. Radiology is cardiology, pathology, genomics, IT, and ophthalmology. And of course, that's very attractive for a hospital who wants to get the number of total number of systems down. We they can get all of these in one system. And now we have also added genomics that we still have only one customer there, but we have a large interest from the market. And that genomic connected to pathology, for cancer research, the whole cancer diagnosis. In cybersecurity, we live in a new digital reality. There is increasing international tension and cybercrime drives growth is we are very well positioned there and have very strong brand name as we have in medical. We are a strong brand in the areas where we are are dealing and people trust us, and that trust is probably one of the most valuable assets we have. And We also have a lot of extensive research and patents and last quarter we got a patent settlement that show that those patents can be very valuable at times. Prioritizing key takeaways, The highest priority for the fiscal year and the next year is to get the new SaaS customers to start usage. We get get revenue when they use it. So for us, it's very important they use it and they increase using it and add more modalities to the systems there, both of us. Note still even though it's a little less quarterly variations this year, but they are still very large. And if you want to judge sex and look at the rolling 12 average, you will understand very little of what's happening relative if you look just as a quarter. Be aware of the large currency exposure, we are exposed to currency, we have a very large portion of our revenues in foreign currency. And we have a lot of cost in Swedish krona. And also do not expect significant effect from the large orders, people think that those orders will come materially fast. They will not. It will take time, but it's gradually getting up to usage during this year. And still, I'll say that start with our main philosophy shareholders, I'll repeat it here again, start with a rational strategy in a growing market. We are in markets that have to grow deep. If it's a low tide or high tide in the society, people do get older and health health care usage is increasing all over the world, and they will need systems to maintaining that. And people do not get less sick in a low tide economy. In cybersecurity, the digitization of society is increasing. People will have or who have to spend in cybersecurity. So this market will grow by their own force. Then if you have happy customers and happy employees, which are needed to have happy customers, it's impossible to have happy customers if you don't have happy employees. They're too expensive when you're worth it, and have some stubbornness reasonable cost control, then shareholders will be happy. But it comes in that order. We've said that all the time, and we maintain this basic philosophy of how we operate. And then leads us to the upcoming financial events. Next week, we will have our annual general meeting in Leedsburg, Sweden. It would not be broadcast. It's closed. You have to be here to participate. December 12, we have a six month report. March 6, nine month. And June 5 is the year end report of this fiscal year. And with that, I also remind you that we modify this presentation based on your feedback. When we got to any feedback, it was really too much repetitions. We have taken down a little bit of that now. But if you think we should concentrate on something or change the way the format of these, these presentations are for you, not for us. So send us an email and tell us how you want us to do this to be even better. And that leaves us to this question session. And Helena? Yes. Thank you to Orbi and Jessica. And we will start the Q and A session. We have received questions both via email as well as online. And I will start with the questions, I got, via email already yesterday. And those are from, analyzed Nikola Kalanowski at AGGEA. And the first question is, how should we think about the ramp up and full go live of the following contracts? And then he specifies the million dollars contract from 2023, also the NHS Scotland contract and the Quebec contract. All of this will begin generating revenue this year, this fiscal year, but it will not significant yet. Is a ramp up is over several years. It typically take a few hospitals into operation, but if you have a 100, you will not start all of those 100 at once. So but they will begin generating revenue in this fiscal year. Okay. And, the next question is regarding digital pathology. Could you please discuss the competitive advantage you have within digital pathology compared to other players in the space? Well, one is, of course, that we know what we're doing there. And there are now vendors who will say competition in gradually, who say they will have a polymorphia here. But pathology is not gradually. It's images. Yes. But the images are different, and they're managed differently. You need completely different functions. So we are we are in a good position. We know what we're doing. Second, of course, you get all of these type of images in one single system. And we do have one single system that operates very well for all of these systems. We win when there's a pathology only RFP, and we win when there's Rijaldi only system, but it also works for the other side. So we are competitive both in pathology and in radiology because we win these individual deals. That is not being able to show a report or an occasional images, actually we are there. This combination and also that you can get images from all these sources when you take the final decision diagnosis without having multiple systems and user interfaces. That is a strong advantage. And the follow-up question, how long have you been offering the digital pathology and how does it differ compared to radiology when it comes to installation, implementation, etcetera? We've been offering for about almost ten years now. We started we know this. We have special people working only with this. It is different and similar to ReadyOlda. The workflow is very similar. So the workflow components and how you operate, and how you list things, how in interface to EMARS, for instance, are similar. The viewing is quite different. Pathology images are very, very large. The most important thing in the pathology image is color, and the regulatory requirements are a little bit different also. So the viewer component, it's quite different, but in the same system. But the radiology part is is what we know from the beginning, and pathology, we have learned over the last ten years. But they are not the same thing. Right? Pathology is very very, very large images. You can't handle them. And then I have a fourth question from Nikola Kalanowski, and it regards certification, especially in The US. Have you ever received an authority to operate with any part of the US government? No. Not yet. We could achieve that when we need it. But so far, we have not done business with the US government. And a follow-up question is, do you have a FedRAMP certification in The US? FedRAMP is a cybersecurity certification and there are many of those. We normally we are a cybersecurity company at the basis of these things we can do. We have as we have not sold to the federal government in US, we don't have a FedRAMP, but we have TEXRAMP. TEXRAMP is what's required in the state of Texas. And we've got that, of course, an interest customer there And that we published our publicized last quarter that we had. If we want to do FedRAMP, it's similar, but a little different. But it's not an impossible task to get FedRAMP if or when we need it. Okay. Then I will move on to questions, from the online audience. And the first one is from analyst Jokop Lemke at SEBF. I will start with the first one. Could you explain what causes the volatility in Imaging IT recurring revenue? Why they increased significantly quarter on quarter in k four and now decrease in k one? Yeah. There are two things to that. Currency, of course, impacts the reported numbers. And the other is retroactive revenues in the fourth quarter. And the next question from Jakob Lemke is on Imaging IT non recurring revenues. Is it possible to say if you view the quarter as weak for being a k one or more normal? That's a it's a level of quality or qualitative analysis. We don't we can't do that properly. And another question from Jacob Lemke. Is it now it's now three years since you won the large contract in The U. S. How much of that have you implemented now? And I think maybe this is the contract you referred to, Jacob. You may write another question, could be the million that we received two years ago in 2023. How much of that have you implemented now? Has the process to implement this contract gone according to your expectations? Nothing goes to expectations. That doesn't mean you can't have success. But but yes, it's going on very well. And as I said before, we will begin invoicing that. And we have invoice services, and we have done a lot of migrations. So, I mean, if you get the contract that you need to move the old archive to the new, and that takes time. And before you have it on a new archive, you can begin invoicing for exams. But during this year, this fiscal year, we will begin taking that into operation in the first part of that system and over the next one to two years that we go fully into operation. And then, it's another question from Jokoplenke. Secure communication, previously you have talked about delayed deliveries. When do you expect them to come through? Currently, we expect to have some impact towards the end of this fiscal year, but also continue into next fiscal year as of right now. That's our extra post. And then I will move on to questions from Christophe Lilleberg at BNB Carnegie. And I think the first questions may be similar to one we already have answered. But can you please explain why recurring revenues did not increase versus K4 also when adjusting for negative currency effects? Okay. So I repeat retroactive recurring revenue in in the fourth quarter is the main explanation. And the next question from Christopher Lillebeys. In the report, you write that financial impact from new customers will be small this fiscal year. Does this mean that the sequential growth for recurring revenue will remain rather slow coming quarters? We will not go into that for the action forward, but it will not the important thing is to realize that these very, very large customers, they have hundreds of hospitals equivalent to country. They will not go live in all 100 hospitals at once. They will gradually take it on. But they see it works, they will take the next one. So it's not like a binary thing that you put on a switch. You take them gradually on live when you see the previous one works. And the next question I don't think you have touched upon, but you could repeat the answers maybe. How many years do you think it will take for orders signed last two years to be fully up and running? Another two to three years. And a final question from Christopher Lillebay here. Can you explain what are the larger cost items in external costs and why it has stopped growing after the large increase in recent years? Will it pick up again? Or is this trend an indication EBIT margin has bottomed out? Well, as I mentioned during the presentation, in this quarter, we had lower consultant and travel costs, to mention two categories of costs. We see this as it fluctuates from quarter to quarter. There's less activity in the first quarter than we have in the other quarters. Okay. Then I will move on to questions from the online audience again. The first one is from Jakob Lemke at SEB. Can you further explain the share based incentive programs mentioned in the report? Is it possible to share how much these burden the result in each quarter last year? Are these something you have always had for a long time, and which segments is share based compensation mainly mainly burdening? Oh, there were quite a You put Yeah. In there. Should we take maybe you can talk about what what those are Yeah. Yeah. First. Okay. And then I can So, yes, we have right now, we have three programs running. We have we started one after the last compare after the comparable quarter. And so that is explaining the increased cost year on year partly. And then we also have the share price development, which is impacting the cost that we have to recognize for these programs. It is in particularly impacting the social security contribution that needs to be cost accounted for. And what were the other questions? One was if it was possible to share how much this burden the results in each quarter last year. That is not something we have disclosed previously. I can give a comment there that we have begun recognizing or or showing it now because we we have a large variation in cost due to the stock price. Yeah. And we are not controlling the stock price. So when the stock price goes up, we get a cost associated with that. And we need to explain that because the effect has been material over the last years. And the the the last part of the question was which segment is share based compensation mainly burdening? The cost is carried by all operating areas. About proportion to the number of people already we have, but a little more than image and IT because these programs are are larger in The US and Canada than it is in the European side. Thank you. And then we have a question from a user about Visage. They claim they have the only cloud native solution and all other vendors need some on premise components. Is this true or are you also 100% cloud native? No one is percent cloud native. You need clients locally. Everyone has that. And you need some form of gateway to send images from a Delta's in. And so in saying everyone is complete to cloud, it's not true. And there is a component, and we are about the same as they are and many others. Okay. And, just for information for you online, if you have any further questions, please write them. And I will move on to another question from Christophel Lilleberg at BNB Carnegie. How large was the retroactive revenues in K4? And why did you not mention before that explained part of the big increase in K4? It was not deemed significant to report in Q4. And again, repeat, it's both currency and impact that is currency and retroactive revenues that is impacting the Q1 numbers. Thank you, Jessica and Torbjorn. I think that was all of the questions for today. And we thank you very much for attending. And those of you who come to the AGM next week, much welcome. Otherwise, we'll see you in September. Thank you very much.