Vow Asa

Welcome to first half year presentation of WOW. Tina, the other CFO, and myself will give you an update on the business. We're going to show you how we are progressing well, how we develop the business now, and also talk about that we have in place now a new bank agreement that provides comfort for the business going forward. Moving on to basically the key points of today's presentation. We have a robust business. And Tina, margins are back on track. We are positioned to grow the business. And Tina, we have done something to strengthen

Yes, we're also executing on a very important remaining step. We are strengthening our balance sheets, and also together with this, we are obtaining an improved covenant going forward. This will give us good headroom.

We have been through, I would say, a significant turnaround, where we have taken out some costs from the business on the OPEC side, And we have managed to get new contracts with better payment terms. And that's very important. We have three robust business areas that we are developing the business with. And we have a solid backlog of orders to support it. So we have a positive financial outlook for the business. positioned to grow the business, we have invested substantially, and we have a slide covering that. But we have invested in technology, we have done acquisitions, and we have invested in market accessibility. And as I said, we have now been able to enter into new contracts with, Tina, better payment terms, better conditions. And To prove that we can deliver on growth, we have two projects, two large-scale projects ongoing, one in Norway and one in the United States. That demonstrates actually our capability to move into large-scale projects. For sure. And we will, of course, give some more flavor to these two projects. And Tina, you might sort of talk a bit about sort of how we are going to strengthen our balance sheet. And we're getting back on track with the margins. And Tina, you could sort of explain shortly.