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Welcome to Cargotech's third quarter 2023 results call. My name is Aki Vesikallio. I'm from Cargotech's IR. Today's results will be presented by Cargotech's CEO and interim president of Kalmar, Kasimir Lindholm, CFO Mikko Puolakka, and HEF's president, Scott Phillips. The presentation will be followed by a Q&A session. Please pay attention to the disclaimer in the presentation as we will be making forward-looking statements. With that, over to you, Kasimir.

Thank you, Aki, and welcome also from my behalf to this report and webcast. All in all, third quarter, was on a good level for us this third quarter in a row when we are performing on a good level. We can see some of the delayed decision-making around especially more expensive products in our product ranges, both in Kalmar and Hayeb. And we'll come back to that a bit later in more detail. We are also announcing an action plan to target 50 million cost savings, mainly for 2024. And we'll come back to that, how that is divided and how we are approaching that cost savings program. The planned separation of Kalmar and Haya are progressing according to plan. And with that said, Pekka Aleppetilä is now no longer available for the standalone Kalmar board. So we have an ongoing recruitment process regarding both chairman of the board to be for Kalmar and CEO to be for Kalmar. As mentioned, we have now three quarters in a row on a very solid level regarding our operating profit. Really happy to see the performance in Kalmar, Hayab and McGregor. Both Kalmar and Hayab performing on a very good level, and extra happy to see that McGregor is second quarter now in a row on the positive side, and the turnaround in McGregor is progressing according to plan. Sales increased, and then of course, as expected, our orders decreased by 20%. We are clearly seeing patterns that in the more expensive product ranges, the drop is clearly seen. And then we have other product ranges and businesses where we see a very good order intake also in Q3. But we'll come back to that more specifically in the sections around Kalmar and Haie. Orders received back to the pre-COVID level. So if you compare Q3 23 with the similar quarters in 2018, 2019, we are back roughly on those levels. And again, we'll come back to how the split is between Kalmar, Hayab and McGregor, and then even within those businesses. The order book remains on a healthy and good level above 3 billion. going into 24, we have a large part of the order backlog is securing the 24 net sales. Comparable operating profit, here you can see on a Cargotech level, this is the third quarter in a row and we are on a very good level. Kalmar and Hayab close to each other performance-wise, and then you can see the two quarters here that are very positive, and a positive change in MacGregor. And the market also supporting that going forward. Service sales continue to grow and of course this is an instrumental part for Cargotech also going forward and an instrumental part in the standalone companies to be in their strategy for the years to come. And we can see potential here to grow service and spare parts also going forward. But a good development and the trend continues in a positive way. The same said around the eco-portfolio. It's an instrumental part of the strategy for Cargotech and the standalone businesses to be as well. And we have taken steps here to secure that growth also going forward. We'll come back with an example around Kalmar, how we are progressing on the EV side in Kalmar through acquisitions. Then the announcement of the cost savings program. These steps are taking to secure a good and healthy business also going forward. That means that we're targeting to be above 10% comparable operating profit in the core businesses, also in a slower market. And this, of course, requires actions now, so we're looking at 24 and even partly 25 in this cost savings program. And this is, of course, building a foundation so that we can continue to improve, continue to invest in R&D and grow the business on the service side. And this is then giving that platform for the next couple of years. The cost program is divided between then group functions, Kalmar and Hayab. So we are targeting 10 million savings on group level, 20 on Kalmar and 20 on Hayab level as well. Roughly 50% of the cost savings will be achieved from reduction of maximum 350 roles globally. The estimated one, of course, is 20 million euros. targeting to get this process through as fast as possible. And parts of these costs will be recorded as part of Q4 results. And very important to see the change here that the cost would be booked above the comparable operating profit. And from now onwards, we see that when we are adjusting up or down in the businesses, that should be part of our day-to-day operations going forward and get away from these restructuring programs that we have had in the past. Then on top of this, we have had similar activities in McGregor throughout 2023. And all in all, that impacts 280 roles in McGregor, mainly in the offshore business and mainly in Norway. So our offshore business from a net sales perspective is clearly coming down and a profitability perspective that is increasing. a good thing, but we need to adjust here as well. And all in all, with the new cost savings program and with the ongoing activities in McGregor, this has an impact of roughly 650 roles within Cargotech, and that is a bit less than 5% of our total personnel that will be impacted or has been impacted by these initiatives. And for McGregor, estimated restructuring cost approximately 20 million euros in 2023. So these actions are then impacting Q4 from a cost perspective. Then I'll give the floor to Scott Phillips. Scott will present HIAB and where we are in HIAB. Please, Scott, the floor is yours.

And good morning from my side as well. So I will guide you through the HIAB results for Q3. I'd characterize the quarter as continued strong execution in our product supply centers as well as our customer support centers. So very nice job by Team HIAB within the quarter, and that's continued nicely throughout the year. On the side of the orders, I have the same story to tell you that we still experience impacts through delayed decision making. That combined with three other factors that I'll go into details on the next slide continue to have some impact in our orders as well as the seasonality that we've talked about in the past with regards to Q3. Equipment and service sales improved quite nicely and that enabled a nice development in operating profit improvement right in line with our expectations in terms of positive operating leverage slightly below 30%. I would like to start off with telling you about one of our exciting innovations within the quarter. So we've developed a solution through the use of virtual reality technology, and we call this HiSkill. So it's a training simulator designed to help customers onboard and provide ongoing training to crane operators in a safe, scalable, and cost-effective way. This is our response to the continued challenge that our customers experience in terms of operator shortage and especially skilled crane operator shortage. So the solution is designed to help improve certification pass rates. It reduces onboarding cost and helps to ensure all operators have the same base level of knowledge of the equipment, safety procedures, and daily tasks. There are five clear benefits that the innovation provides. It allows for safer operations through increased training and continuous improvement. There's less damage to equipment during training and the actual use of the equipment. As a consequence, training costs are lowered due to the virtual environment, and it's a much more sustainable method of training, which reduces the overall CO2 footprint. And last but not least, with the connected fleet insights that we currently have, we can continue to simulate actual operations through the use of machine learning. And we've got some concrete proof points for the benefits case from initial pilots that we've completed. And case in point, with one of our customers, we were able to reduce We were able to increase first pass certification rates from 45% to 95%. We've reduced the onboarding time by 25%, so going from eight weeks to six weeks, and that's enabled a 50% reduction in training costs and a significant improvement in profit per operator, all of which we and our customers are excited about in terms of the possibilities of helping them continue to be safer, more productive, and more sustainable with this latest innovation. So on to the numbers. So as I talked about earlier, we certainly experienced our typical seasonality in order intake, and that combined with a few delays in decision makings where a couple of orders pushed to the right, which we expect to convert in a quarter. resulted in a year-over-year decrease in order intake of 311 million euros. Keep in mind last year's Q3 was a bit of a tough comparable as we had a pre-buy effect from one of our last price increases in October of last year. So that was against a prior year quarter of 425 million euros. However, we continue to have quite a strong order book. We're over at about 900 million euros. Now, we still continue to see a significant impact from inflation combined with long lead times. And of course, interest rates are still causing many of our customers to be in a wait and see mode. But we still feel good about the level of the order book that we have within the business. Then moving to sales, how did we convert the backlog? Sales progressed quite nicely. It's the fourth quarter in a row we're over 400 million in sales. So within the quarter we have 420 million euros. That's compared to last year's quarter at 378 million. That's an 11% increase. It was 15% increase in comparable currencies. And services continues to develop nicely. We saw a 7% increase in services sales with the slight decline sequentially in equipment sales. This resulted in 27% of sales from services. So we're quite happy about that. And that's a consequence, as I mentioned at the outset, strong operational execution both in our product supply centers as well as our customer support centers. Supply chain continues to improve in terms of internal lead times. However, we still are challenged by the occasional missing component. But the team has responded quite nicely to each and every one of those challenges with good support from our customers. And then as a consequence of the increase in volume, as well as a sequentially, as well as a year over year, nice improvement in gross margin. We saw good development in profitability year over year at 62 million euros compared to prior year 50 million. So for a 24% increase and that resulted in 14.7% operating margin against 13.1% in the last year. In comparable currencies, it was slightly higher in absolute terms, but similar in terms of relative terms. So quite nice job from the team in terms of managing the continued inflationary pressures. I can say that our pricing is roughly at par with our cost development. So we're pleased about that. And so with that, I'll turn it back over to Casimir to take you through the CalMAR results.