Good day all and welcome everyone to the interim report Q1 2021 call. We have just released the report earlier today at 8:00 CET. Next slide please. Going through some highlights in the report, we're pleased to see that the strategic shift continued. As you also can see, we have a very positive margin trend and strong cash flow generation in the quarter. We are very pleased with the start of the year. That's to start off with. Next slide, please. Looking at the numbers that we have presented today, we can conclude that we have a historically high operating margin, which has been important for us to continue our strategic shift over the past two years, and this is now paying off. We had really good growth in the prioritized areas such as life science and digital services, which is something that we have really pushed the last two years and is now paying off as well. As expected, we had sales growth that was impacted by structural changes in 2020. In the second quarter, we had restructurings and we also sold off the Indian operations at the end of the year. That was also communicated before, so this was expected. We also can see that we have one less working day in the first quarter, which has an impact on the result of about SEK 6 million on the EBIT line. That's also an impact that we have. In comparison, we can see that we are really handling the situation well. Productivity was positively impacted by the new ways of working, and we have also concluded the employee survey that was performed here over the past two weeks. We are also very pleased to see that the employee satisfaction is at very high levels historically as well, which means that we're strengthening our position as an employer going forward. We see that measures taken in the past year and in the beginning of this year have really proven to be effective. The operating margin being 11% compared to the same quarter last year of 10.2%. Going to the next slide please. We are now on slide three. Also just looking at the net sales distribution. As you know, it's been very important for us to have an increased industry diversification, and we have focused on having a good growth in life science. Here we can see the changes and we see that the manufacturing industry is on par with last year, although automotive and mobility is now going down to 31% compared to 40% previously, which is in line with our strategic acceleration. Life science, as you can see, goes from 9%-13%. Telecom and IT up 1%, energy on the same level. You can see that the public sector is now doubling compared to the previous year, which is all in line with our strategic focus and how we want to transfer with regard to industry diversification in our operations. Now I will hand over to Björn Strömberg, who's the CFO of Semcon. Please go ahead. Thank you. We have had a continued strong cash flow in the quarter, and the financial position is still very strong. Cash flow from current activities increased to SEK 69 million. If you look at the free cash flow after investment and leasing payments, it's up to SEK 59 million compared to SEK 51 last quarter. Another key cash flow ratio is the cash conversion. If you look at what the reported profit after tax, how much have we converted into cash? Everything over 100% is a good figure, and we have 171% in the quarter compared last year we had over 200%. One reason in part is when the sale is down, we tie up less working capital. Even if we look at working capital ratio compared to sale, it's down. We are now 4.5% compared to 9% for last quarter. One reason is the change in the industrial mix. The automotive customers, some of them we have had payment terms over 100 days, and now when we go to life science and the public customers, it's more normal payment terms. We ended up with net cash of SEK 259 million at the end of the quarter. Very good, thank you. Good cash generation. If we look into the business areas, next slide please. We are now on the Engineering & Digital Services slide. As you know, this business area is providing services with regard to strategic design and innovation, advanced engineering, production optimization and digital services that runs through all these different offerings. On top of that, we provide advisory services and project and quality management. Looking into the highlights in this business area for the quarter, we do see a positive market development. As you can see, we have a positive trend, the industry diversification, which is an important part of what we're looking at in the strategic shift. We do see the strong growth in life science, which amounts to 32% in the quarter. As expected, organic growth was impacted by restructures in Q2 2020. As I mentioned before, the number of employees was impacted by the restructuring and divestment of the Indian operation at the end of last year, which also has a positive effect on our operating margin. A good start to the year, and we are pleased to be on good levels now in profitability, which means that we are right positioned in the market towards the right customers. With an EBIT margin of 10% in the business area is an improvement compared to the 9.2% in the previous year. Also here you can see the industry diversification in the charts below with the automotive and mobility sector being 34% compared to 43% in the previous year. Industry down just one percentage unit. Life science is increasing and now being a really big part of this business area, which I'm very pleased to see, going up to 20% of the total sale. Energy sector 10 compared to nine, and then there are fairly small shifts below that. A very good and positive trend and I'm really pleased to see that the business that we're doing right now is really generating also money on the bottom line. Another positive part is the Yeti Move announcement that we made during the quarter that the autonomous snow removal at Norwegian airports has now been decided by Avinor. Avinor has decided to give this contract to Yeti Move AS and Øveraasen, which is an owner within Yeti Move, and this is where Semcon is a owner together with Husqvarna and Øveraasen, where we hold 33%, approximately of the capital and votes in that company. This is a good step forward to provide really good base for developing this company going forward. We are part of that being a good partner together with Yeti Move AS in developing the autonomous snow removal at Norwegian airports. This is very positive news both for Yeti Move AS and for Semcon as a owner. Going to the next slide, Product Information slide. Here you know that we provide within this business area, the digitalization and tools, user information, service information, parts and accessories, and training solution, and strategic support and operational excellence related to this. We have seen a good trend in this business area. Going to the next slide, looking at the highlights of the Product Information business area, we do see that the operating margin is on a really good level, historically high on 16.6% compared to 15.9% in the same quarter last year. Just for you all to remember, last year first quarter was a very strong quarter for Product Information where we ended some large contracts, which boosted the revenues in the first quarter last year. Now we have continued to have a really, really good operating margin trend in this business area. The number of employees increased driven by demand for digital aftermarket solutions. The share of functional sourcing and solution-based deliveries is large and increasing, and is on 75% now on these long-term contracts. We work with the efficient multi-site delivery within this business area. We are now one of the largest companies in the world providing services within Product Information to our customers, and that's really good to see. We do see that we are growing with high profitability going forward. You see the industry diversification and the sales distribution there in the charts below. We have a good distribution between the various industries in this business area. Good demand for these services going forward and really glad to see these fantastic EBIT margins that we have, which is a really evidence that we're driving this business area in a very efficient way. Going to the next slide. One of the parts of this business area is, of course, the digital training, which I've presented before as well that this is a trend that we see will continue. It was really boosted by the pandemic, the fact that all the customers that we're working with moved very quickly from classroom training to digital training, and the ones that didn't have the digital platforms in place needed to get that in place very quickly. The interest in digital training has grown in the wake of the pandemic. We have a flexible and effective form of training with greater opportunities for personalization, and the trend is expected to continue as we move forward. We are now one of the leading suppliers of digital training solutions, and we're one of the largest in the Swedish market and growing. This is a very interesting add-on growth potential that we have in this business area as well. Going to the next slide, please. Now on slide 11. Sustainability as a driving force. Of course, this is something that will be one of the growth drivers for Semcon for a long time to come. There is an increased sense of urgency in the market to make the shift now, and the shift is going from looking at risk to opportunity for our customers. If we look at all the different industries that we are delivering services to today, we do see a customer demand that is increasing with regard to sustainability focus in the shift that all our customers need to make. That also affects the business models for our customers, where we look at more circular ways of doing the business and having those kind of circular business models. New regulations and increased transparency is, of course, also driving the demand for our services in these areas. We've been working with sustainability topics since we were founded in 1980, trying to make things more efficient and more sustainable. Now we do see a boost in the market from this segment where we are part of the solution of helping our customers move to more sustainable environments. The need for sustainable transformation is impacting all of the industries that we are in. If we look at the next slide, you can see the industries that we're providing services to, and they are all heavily impacted by the sustainability focus and the trend that we see in the market. Now with the transparency and the reporting that all our customers need to adhere to, this will, of course, drive growth for our services going forward. We do see this macro trend as one of the driving growth factors for us for the next coming years. We are also, as you know, in this shift growing our digital offering, which is quite large today, but we want to increase that going forward. We look at the customer's digital journey that they are making with regard to digital experience from the end users, creating smart products for the end users together with our customers. Looking at autonomous solutions, which is also a very hot topic that we see in the market as well. Electrification, not just within the mobility sector, but also within other sectors as well, is also driving growth for us and where we have been and are experts in this field. Artificial intelligence and data management is also increasing in importance. Even though it's quite early days within this segment, we are well-positioned here and have really good experts that are, of course, very attractive for our customers to take part of their experience. We help our customers all the way from idea to implementation using physical and digital means to do that. Going to the next slide as well. We are well positioned for growth. We have seen the positive profitability trend over the past quarters and we do see that we have a good position now to grow. It was, of course, very expected that we would have a lower turnover in the quarter compared to the quarter last year, which was a very strong quarter, of course. We have handled the pandemic very well, and I'm very proud of the organization, what we have achieved during last year in repositioning ourselves and accelerating in the right area. The good positive profitability trend, we see that continuing. Good cash generation and strong financial position. This enables investments in organic growth with increased sales focus and also with regard to acquisition growth. Just to remind you on the financial fixes, that's the next slide. We are now on slide 15. The total annual revenue growth of at least 10% is set as the new target by the board of directors during this quarter. We also have a target for the operating margin, EBITDA, of at least 10%, just to remind you of those new targets since we reached all the financial targets that set by the board of directors in the previous year. We also have a new policy regarding dividends, approximately 50% of profit after tax over time, and net debt and EBITDA ratios not exceed approximately 1.5 x. That's just a reminder for those of you who have not seen the new financial targets set by the board of directors during the first quarter. Also a reminder regarding Semcon's financial calendar 2021 to 2022. The next interim report, January to June 2021, will be on July 16th at 8:00 CET. With that, I hand over to you operator for some Q&A. 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 comes from the line of Stefan Knutsson from ABG. Please go ahead. Your line is open. Hello, Markus and Björn, thank you for the presentation. My first question is regarding the Engineering & Digital Services segment. We saw a net hiring of around 70 people in the first quarter. Is this a pace which you think you can maintain during the year? To comment on that's a good question. Hi, Stefan. The main part of the recruitment is within the operations that we have in Brazil. The operations in Brazil goes a bit up and down, even though they have maintained a high profitability over the last few years and a good growth as well. This is something that should not be an indicator of a fantastic growth going forward, but rather as more of a Brazil topic where they have had an increased recruitment in the quarter. This, as you know, is also impacting the profitability and the revenue less than if we would have the same kind of recruitment in the European operations, like in the Nordics. Also a follow-up on margins, and this can be a bit broader perspective group-wise. You do mention that you have some cost savings because of a more digital work environment and sometimes enforced because of COVID-19 restrictions. You also mentioned that the revenue mix has changed and that has led to lower OpEx. Can you put those two forces in perspective and what you see going forward a bit? As we highlight in the report, we do see that we've had very positive effects from a more flexible working environment, providing a good working environment for our employees where they can choose to a higher degree where they perform their work compared to what we have had historically. This has really paid off from a perspective that we have lower costs in our operations that we expect to maintain going forward to some extent, of course. We have had some lower costs in the quarter due to this digital working and working from a distance. However, this is where we do see a potential going forward as well to really review the leasing agreements that we have, so we do see a potential here to also keep our costs down going forward. When society opens up, we might have a bit of an increased cost due to that. We are, as I write in the report, very optimistic that we will keep a lower cost level compared to what we've had previously if we look into, for example, 2019. That's what we see. We also have indicated in reports previously that we are taking action regarding increased sales focus and growth initiatives, which also will give us some additional costs when it comes to, for example, Product Information. We do see that we will have fairly high margins also going forward in this business area. Looking into what we've had in the second quarter last year and what we have in comparison numbers, it of course looks quite good going into the second quarter, and we have a positive trend. Okay, perfect. Thank you for the answers. That was all from me. Thank you. Thank you. We have Yeah. The next question is from the line of Peter Tagosz from Private Investor. Please go ahead. Your line is open. Hello. Thank you. Could you maybe ask or giving us a bit more information on Yeti Move? I know that they also have another agreement signed in Sweden earlier. Can you maybe talk a bit how the ramp-up will be in that company? Is it like a full software company? Maybe you can give a bit more flavor on what to expect of that holding. secondly, could you maybe talk a bit about what growth initiatives there were? Maybe how is the timeline within Product Information so you would get back to a decent growth track? Right. The first question regarding Yeti Move. Of course, the revenue potential there is two-folded in the sense that we are both an owner in the Yeti Move company, which means that we will take part of the profits that that company will generate. As it's still early days within that company, we do see a very positive sign in the fact that Avinor has now selected us as the service provider for autonomous snow removal at Norwegian airports. We will take part of those results in the Yeti Move company. Also, and maybe more importantly, we are the selected and exclusive provider of the services when it comes to implementation of the autonomous operations, for example, at the Avinor airports, and also at other airports that may select the system. That revenue goes straight into Semcon, and where we act as a supplier to Yeti Move and Øveraasen, and sometimes directly to the end customer. This is a good indication, even though it's not a revenue driver from day one, and we won't notice this large effect in the results right now, but we do see a good potential going forward, and it's a good indication that such a large customer as Avinor is now selecting our autonomous operations is also a good sign. That's a bit of more flavor on Yeti Move. When it comes to the second question, let's see. That was the growth initiatives and pipeline within Product Information. As I mentioned in my presentation, the comparison that we had with Q1 numbers last year, we had a very strong revenue quarter for Product Information last year, which means that it looks a bit like we have a lower growth, of course, year-over-year. Going forward, we do see a good potential for growth in Product Information, and we do see that we have really good possibilities and a good pipeline in that as well. As I mentioned in my presentation, we do have more than 75% of long-term contracts, which means that now adding new customers into that segment will boost the growth. We're also taking new growth initiatives by investing in business development resources in several parts of that organization as well. We do see that our offering is really good and the market is appreciating what we deliver. As mentioned in the report, we are now one of the largest providers in the world in this segment. We do have a positive view on the development within Product Information, also with regard to growth, not only margin-wise. Thank you. Could I maybe just do a follow-up question on Yeti? You have injected capital twice in the company. How does it look? Is there enough capital now in the company, or will you need to finance or add more equity into the company to grow it? Are you looking into other opportunities? Just a final one, what does it also mean when they have now signed a contract both in Norway and Sweden? Will it open up a full global market for them? Thank you. Right. The first question regarding financing of Yeti, this is a discussion between the owners of Yeti, and we also know that there is an interest of external investors here. We are looking into the financing situation of Yeti going forward, and it's also a combination of what we see now coming in cash flow-wise and liquidity with regard to the new contract that you mentioned. This is a combination of those, and this is a discussion that is ongoing in the board of directors of Yeti, which we are a part of. I can't comment on that further because that's also a discussion that we have together with Husqvarna and Øveraasen also. The second question there, we have an interest from several airports globally for this kind of system, and we will comment on that as soon as we have more concrete information to give you. As I mentioned before, it's a very good indication that we now have been selected by Avinor, and we have these discussions with Swedavia as well, so the Nordic market. We have seen interest also from, and had discussions with operators of airports in Germany, for example, and other parts. We will see, but as I said, it's a positive sign. Okay. Thank you. Thank you. Here we also have a couple of questions online. The first one relates to the revenue potential of Yeti. I think you have elaborated a bit on that. The second one is the revenue run rate from digital training, if you could say something about that. The digital training has really increased. We don't comment on that specifically, and we haven't separated that revenue specifically in the report. Generally, we can see that we have a really good growth there. With the acquisition of Xtractor last year was very good for us in boosting our position within digital training. We do see a good growth in the revenue development for digital training and also profitability-wise with the platforms and the recurring revenue that we have within digital training. Providing the digital platforms to enable that training is also very positive for our position going forward. That's a solid business for us, and we expect to grow that, and we're very interested in looking at various ways to grow that even further. We might look into in future reports to carve out the revenue regarding digital training as well to give you more insights regarding that revenue and how that develops. Okay. Thank you, Markus. The second question is relating to the revenue growth going forward. Are we expecting revenue growth year-on-year in Q2 and for the full year? What we see is that we had the restructuring during last year in Q2. What we see now is that we are looking at the new normal for Semcon, where we have a stronger position and a new base for our revenues. When we look at the revenues that we took out in the restructurings in the quarter two last year, which was done month by month since we had the restructurings done, this will of course put us in a much better position growth-wise going forward when we look at year-over-year figures. That's a given. Okay. The next question relates to the current net debt EBITDA level. Based on the current EBITDA level, we have about SEK 300 million of net debt and still be in line with the financial objectives. You have SEK 250 million in net cash, leaving you with a headroom of almost SEK 600 million. What could trigger considerations for a special dividend? I have commented on the dividend in the previous reports that we have provided, and what we have decided, or the board of directors have decided, is that the decision regarding dividend will be taken up to make the decision after the end of May, and that is in line with the Swedish authorities. We have decided that we will make a decision regarding the dividend then. When it comes to a trigger of special dividend, now when we have such a strong balance sheet, this is really also dependent on, as we've said before, the possibilities for us to acquire other companies and really look into investments that we do have to boost our growth. It's a balance act between those. We do have a fantastic balance sheet today and a very strong financial position. This is a decision for the board of directors that I wouldn't like to comment on that at the moment, but rather come back after they have made their decision after the end of May. Okay. With that, we have no further questions online. Operator, please go ahead. We have no further questions at the moment. Okay. I think we are ready to conclude the call for today. Thank you all for participating, and goodbye.