Okay. Good morning, everybody. Thanks for joining this call, welcome to ZetaDisplay Q4 and Year-End Report 2020. My name is Per Mandorf. I'm the Group CEO of ZetaDisplay, and on my side I have Jacob Stjernfält, our Group CFO. Now turning to page two, please. Agenda for this call, I will give you a brief company presentation and a business update. I will then hand over to Jacob, and he will go through the numbers for Q4 and 2020 in detail. I will do a summary and also point out some key takeaways. We will head into the Q&A session. Page three, please. Okay. Let me start by giving you some facts about ZetaDisplay. To put it very simple, ZetaDisplay is a European leader that actually aims for more. We run a global operation, and we operate in more than 15 markets, and we have the presence in five countries. We have been on a growth journey since 2003, and during that growth journey, we have continuously delivered profitability and also invested in the go-to market offer. Meaning that we have a very solid foundation for further expansion. Looking at the market, there is an ongoing consolidation in the industry. There is also an underlying market growth in the industry, and that gives us, obviously, a very good opportunity to expand further. For the last couple of years, ZetaDisplay have done several successful acquisitions and we do have the financial capacity to continue to do acquisitions, also looking forward. The offer consists of a SaaS and the service offer, and we will continue as mentioned, to invest in our offer and also try to broaden the offer going forward. That will of course, secure long-term relevance. Page four, please. Let's have a look at some of the key developments and the theme and the headline for the Q4 and year-end report. ZetaDisplay report a strong quarter in a very challenging market situation. As a service and software company, we obviously focus on increasing the SaaS revenue, and we have also, of course, a long-term growth plan for how to make that happen. During Q4, we have managed to deliver according to plan, and we can report an increased Annual Recurring Revenue and also growth on SaaS revenue compared to previous quarter. Even under very challenging times due to COVID-19, I think that we continue to have a very stable customer base. The customer base, many of the contracts are based on long-term frame agreements. Since we operate on a global scale and also within three customer areas, retail, public, and corporate communication, I do think that we have a very sound risk diversification in the company. At the beginning of 2020, when the uncertainty impacted the market due to COVID-19, we implemented several actions. That includes a cost control program trying to mitigate the impact. We can see now that during Q4, we have continued to have very good and strict cost control on the cost base. All in all, our development in key areas led to a strong EBITDA in a very challenging market environment. The performance, I think is a very good proof of our capability, our strong position in the market, also the resilience of the business model. Turning to page five, please. Looking at page five, we report an improvement of profitability, strong EBITDA, and also growth in the annual recurring revenue. Beginning of 2020, we implemented a new organization, and that is to try to address and go in the right direction regarding scalability, harmonized ways of work, and also the ability to execute on the strategic directions and initiatives that we have in the company. After the fourth quarter, we can now conclude that the new organizations really supports the strategic direction. I think that we now gain both financial and operational benefit as a result of the new organization. It's important to say that during 2020, all units and all countries have been in full operational mode, and we have really managed to adapt to the new situation in a very rapid and efficient way. We do see clear signs of recovery in the market. The timeline is obviously uncertain, and there is a delay in decision processes. The stable customer base, that is a really strong foundation for the business, both short-term but also used as a stepping stone when the market recovers. Looking on our customer projects, we do deliver rapid returns on investment and we support and play an important role for our customers when they aim to reach their business targets. With that said, I'm very confident that, looking ahead, the investments in digital transformation and digital signage will increase. On the cost side, the new organization enables high quality and efficient operation. We can handle larger volumes, we can deliver complex projects globally with a low-cost base. All in all, strong EBITDA, increased profitability, and increase of annual recurring revenue compared to last quarter and we continue to invest in our strategic initiatives. Turning to page six, please. Some operational highlights during Q4. As I said, we see clear signs in recovery in the market. Existing clients are now starting up new projects. They continue their digital expansion and digital transformation. New business opportunity definitely arise, and we have managed to close new contract in the fourth quarter as well. As I said, we aim to be the thought leader in the industry. I'm super proud of the awards that we have won during the quarter and also in 2020. Throughout the group, we do have a very clear strategic roadmap and direction for how to develop the company. We heavily invest in areas both in internal systems and internal tools but also in areas that will definitely strengthen the position on the market and will benefit our customers. I do think that we are very well prepared to capture the potential when the market recovers. Right, t hat was the business update. I will now hand over to Jacob, our Group CFO, and he will give you some more details about the Q4 figures. We have slide number eight, please. Yeah. It's 11. Okay. Q4 2020 is a good quarter, which as Per has mentioned, where we deliver a strong EBITDA result. We do deliver this strong EBITDA, although total revenues are down year-on-year, which is, as you know, is a result of the drop in the hardware and installation revenues. As you can see on the slide, the EBITDA and operating profit is very much in line with last year which is a sign of strength, I think. We do achieve a strong result for the quarter by having a solid underlying SaaS revenue, and do combine this with, as Per also had mentioned, cost control, which has been very good. You can see in the table that our personnel cost and our operating cost are below the levels of prior year and the quarter. In addition, we're working hard on managing cost of goods sold. There is a tight focus in the organization on cost of goods sold, on margins, and in the quarter, we have seen signs on improved gross profit margins. I can also in the organization pinpoint the number of actions that has been paying off positively to our results, both on the P&L impact, but also on the balance sheet and cash flow and that has contributed to strong Q4 numbers. Next slide, please. It's slide number 12 then. Again, we can present a stable, positive trend in our recurring revenues. The trend line, as you can see, is steady. Again, we do see a stable customer base. Although we are in the pandemic, and we can also conclude, as Per has mentioned, that our churn is limited, all those challenging factors in the market. ARR, the Annual Recurring Revenue, which is a very important KPI for us, is increasing. It's increasing compared to last quarter. The ARR, as of end of December, amounts to SEK 160 million, compared to SEK 157 in Q3. We have had some currency and FX impact during the quarter. Therefore, we have decided to present some of these numbers at constant exchange rates, where we have eliminated the currency impact. The ARR increased by 3.7% in the quarter. Next slide, please. Slide number 13. Going into the segments, we're reporting Sweden, including Denmark, Norway, Finland, and the Netherlands. On the right-hand side of the slide, you do see that both Norway and the Netherlands has a high portion of SaaS revenue over total revenue. This is reflected in the EBITDA numbers. Although the EBITDA that is coming in in Q4 are slightly lower than last year, it's still a good EBITDA result in the quarter for those two segments. Sweden and Finland has a lower portion of SaaS revenues, still coming in with good numbers. Finland is in line with last year. Sweden is slightly better than last year. Next slide, please. Slide number 14. Coming to the balance sheet. I would like to highlight that we closed the year with SEK 126 million on the bank account. I would also like to point out that we do have the SEK 300 million bond loan that was closed in September 2019. This loan framework provides us an opportunity to add another SEK 200 million of financing. The framework totals SEK 500 million. The net debt at the end of the quarter is SEK 191 million, and our net debt ratio over EBITDA is actually lower than last year, considering the one-off items we had in Q1 2020. Slide number 15. Commenting on the cash flow. Our cash flow statement, we do have a positive working capital impact in the quarter and in the year. Very much related to lower receivables, trade receivables, and trade payables, compared to the beginning of January 2020. The investments that we are doing is in line with what Per also mentioned. Those are in line with the platforms that we're building. It's in line with the strategic initiatives and priorities that we have set. Next slide. For the full year 2020, to conclude on the 12 months, I think it's the same pattern of comment that we have seen. We have seen a drop of the hardware and installation revenues. We do see that we are coming in with SEK 38.5 million in EBITDA. An important message on this slide is if you adjust for the one-off items that we did take in Q1, our Adjusted for non-recurring items, EBITDA amounts to SEK 55 million, which is better than last year when we reported SEK 52.2 million. Closing the year with the ARR of SEK 160, compared to SEK 165. There is an example of the currency impact, and I think it's important to comment on that at constant exchange rate, our ARR increased by 1.3%. Next slide, please. Concluding on the segments, still coming in with the Netherlands and Norway, very solid EBITDA results. Sweden coming in better than last year. We have a negative variance in Finland. We have included some one-off cost in Finland. It's on the right track for the future. That was all for me. I give it back to you, Per. Right. Great. Thanks, Jacob. In the last chapter, I will summarize and also give a few reflections when looking ahead. Now turning to page 19, please. Some key takeaways from this presentation and from the Q4 report and the full-year report as well. I think during a very eventful year, we deliver a strong and very solid profitability. I think that ZetaDisplay team has done a really great achievement. The ARR, the Annual Recurring Revenue increase, meaning that we are heading into the new strategic position and in the right strategic direction, meaning that we now grow as a software and service company. We continue to deliver according to the strategic roadmap, meaning that we have implemented a new global organization structure, meaning that we have also continued to invest in the areas that I mentioned before, our software platform, the offer, and also in the organization. I'm super confident that the customers will continue to invest in digital transformation. The reason for that statement is very simple. Through our projects, we deliver rapid return on investment. We do support and play a very important part for our customers. There is an ongoing consolidation in the industry. We will continue to acquire profitable companies to accelerate the growth. We have pointed out the DACH area as a prioritized market. Now turning to page 20, please. We have shown this slide before in the Q3 presentation. The guidance for ZetaDisplay going forward is that we will ensure that we have the capacity and ability to capture the full potential of the market when the market recovers. Do also keep in mind that the digital signage industry, there is an underlying growth in the market. We will continue to heavily invest in the offer. I think that we have a very good solid starting point. We deliver according to plan. We have a solid profitability, and we will grow through acquisitions, but also through organic growth, of course. We do have a clear roadmap, and we do see the long-term financial targets for the coming years that we are in line with those. We will continue to develop the company. We have a very strong and committed team, so I do feel confident that we will reach our long-term targets as well. Turning to page 21, and that concludes our presentation, and we will now head into the Q&A session. Thank you. Ladies and gentlemen, if you do wish to ask a question, please press zero one on your telephone keypad now. That is zero one to register for a question. We have a question from the line of Fredrik Nilsson from Redeye. Please go ahead. Hello. Can you hear me? Yes. Good. Despite quite low hardware sales in recent quarters, your ARR is growing for the second consecutive quarter. It seems like you can get more ARR out of every sold hardware than the previous year, for example. Why is that? Good morning, Fredrik, and that is a very valid question, and I do think that this is also an effect of the investments that we have done in the offer and also in the products. Meaning that we now can see an increase. Looking at the features that we can offer our clients, we have more features in the platform, meaning that we can increase the price per unit. Also keep in mind that we're now delivering more business critical solutions, meaning that our customers expect us also to deliver services on top of the software. I think it's a price of unit. It's also proof of that continue to invest in the software, in the platform, means that we can also increase the price per unit. That is the reason. Okay, thanks. One more question from me. It's been a few months since you released your updated or new software platform. What's the response so far? I must say that has been super positive. Before, we had several platforms. We have now tried to migrate customers into two platforms, meaning that our investment can be much more focused into those two platforms, and we can definitely support clients with very strong roadmap on the platforms. Very positive response from the market and from our clients. I do see a lot of new opportunities also going forward, obviously. Okay, thanks. That's all from me. Our next question comes from the line of Rikard Engberg from Erik Penser Bank. Please go ahead. Morning, guys. My question is that can you please shed some light on your global frameworks and how they have been developing during the quarter? Sorry, Rikard, you need to repeat that question, please. Hello. Do you hear me now? Yes. Okay. My question is, can you please shed some light on the development of your global frameworks during the quarter? Sure. Looking at the global framework, I think that is one of the strengths in ZetaDisplay at the moment. As I said, we do have a sound risk diversification in the company, meaning that we deliver to three customer avenues, meaning that we actually are not dependent on one market. We do deliver on 50 markets. The global framework, they have developed according to plan. In some countries that has been impacted by lockdown, of course, the project has been postponed or delayed. On the other hand, I do think that when we deliver to market that is in a more normal situation, we can deliver fully according to plan and fully according to our estimates. Okay. Things are mostly postponed rather than canceled. Yeah, absolutely. Okay. Thanks. That was all for me. That is also what I stated in the presentation, but also in the report. We do see that the drop in hardware installation, that is not lost revenue. That is definitely postponed revenue. Okay, thanks. That was all for me. I remind you that if you would like to ask a question, please press zero one on your telephone keypad now. We have a question from the line of Rickard Hellman from Nordea Credit Research. Please go ahead. Hi, guys. Thank you. I was thinking a little bit about your M&A strategy, which is clear enough heading into DACH. What could we expect in terms of sizes, and is it a string of M&A, or is it a big one? A follow-up on that, do you feel confident in your cash position to handle your M&A strategy? Thank you. Thanks. I will comment on the first part of the question, on the financing side, Jacob will answer. Looking at the M&A, we follow very strict criteria when looking at new companies to acquire. We are looking for companies that are profitable. We are looking for companies that have a large portion of SaaS revenue, and we also try to acquire a company that has a very strong client base or client portfolio, international clients. Looking at the size, I do think that there is a lot of small companies in the industry. We are looking for companies that can add value to ZetaDisplay, either through new technology, broadening the offer, or we can see that we can acquire not only a company, but also the company's client base. I do think that you should expect that we acquire pretty big companies, so to say, in the digital signage industry. On the finance side. Okay. Thank you. Jacob. Yes. To add to that, I think we, as mentioned before, the cash position of SEK 126 million provides opportunity to use our cash for upcoming targets and acquisitions. We also do see very positively on our existing bond loan agreement with the possibility to increase SEK 200 million within the SEK 500 framework, as mentioned. Yeah. Okay. Thank you very much. There are no further questions registered at this time. Please go ahead, speakers. Okay. Thanks for listening in and thanks for your questions. ZetaDisplay will continue to develop the company to become the global leader in the industry, and we do look forward to welcome you to our next quarterly presentation. Thank you.