Enea AB (publ)

I will give a short intro to the company, then we'll walk you through the financial numbers, and then we will discuss our way forward and outlook for a few minutes. So, INAEA is here to make the world's communications safer and more efficient, and we're backing that statement up with a world-class portfolio in telecoms and cybersecurity. Telecoms has not been the greatest place to do business in for the last couple of years, but I would say that that's not really a fair description of how it is to work in telecoms. First of all, during the last decades, there's been enormous investments in telecoms. There's been enormous innovation in telecoms, and it's really the foundation for the way we're living our lives today.

Without telecoms, There wouldn't be hybrid work policy in many companies. You wouldn't be able to remotely connect to your house, to your car, to your bank. And you wouldn't be able to do the type of online activities So, Telecom is really an exciting place to be. for the life we're living today. And also to the people living in this society I brought your car. Shifting them online. Open your house. Your security system. your bank details and unfortunately this is also since many years now but it is accelerating being understood by people with less good intent. So the security aspect is really booming, and is placed not only in the accelerating mobile traffic in the internet, but also in the midst of the security aspects of making the communication safer.

We have a year behind us that has been pretty tough on Enea. A lot of great things have happened, but it's been a tough year for us, for our shareholders. And when a large project was canceled in Q2 last year, at the end of Q2, we had to make a plus half a billion Swedish write-down, non-cash impacting write-down. And that's what's carrying forward for the year into a negative EPS.