Systemair AB (publ)

Thank you very much and good morning, everybody. And you are all most welcome to the presentation of our third quarter results, which is covering the period from November until January. On a personal note, I'm really happy to be part of the Systemair organization. And this is my first quarter as CEO for the Systemair. Really happy to be here. So starting with a brief description of Systemair, we are a company operating from our core values of simplicity and reliability. And what we do is that we develop manufacturing market, energy efficient and high quality ventilation products. We're a company founded in 1974 in Skinskatteberg, which is still our headquarters. We have today 51 countries with our own sales companies. And in total, the products are marketed in 135 countries. We are now having production facilities in 19 countries, and we are about 7,200 people, where of 1,000 in India. So that is a brief description of us. Looking into our third quarter, what we could see is that we had an organic growth of 1%. Compared with our previous quarter, ending in October, where we have a bit of a more mixed market picture. We had previously, in the second quarter, robust organic growth across all regions, while we are now seeing a bit of a more diverse picture. We're very happy to see that we, in both Western and Eastern Europe, have continued with robust positive growth. Why we're seeing a bit more of challenges or negative development in the Nordics, in North America, and also what we label a bit simplistic as the other markets. We have some reasons behind that, and we will provide a more granular picture later on. What's really important for us is that we're continuing the trend of improving our gross margin. Quite a tick up in this quarter. It was about plus one percentage point. And later on, I will also share with you a bit of my first impressions as CEO. That will be at the end of the presentation. so in the quarter we also suck we completely successfully completed our largest ever it project and me kind of joining the company fairly recently i'm impressed how well planned and how it has been and also about the excellent execution i'm really happy to see this Still, there was some work to be done, that's very true, and we were shutting down the system for roughly 60 out of 80 companies during the Christmas and New Year's. We are working on improving or let's say kind of finding new ways and improve how to operate with our front end. We have at this point in time, we are changing the way how we're working and how we are organized in a few of our major markets like Sweden and North America and Germany. We strongly believe that this will bring us long-term benefits. We had System Days in Karachi, Pakistan, together with a local partner. That was really a highlight event for us. And in Las Vegas, at the huge fair for HVAC business in North America, we were able to attract around 700 partners to our hospitality event. That was really nice. As always, there are also a few product updates. We see now a launch of an upgraded Systemware Sense product and we have also launched the Polarix heat pump series. Now looking at the markets, not very much changing from quarter to quarter, but I think it's a good reminder to see that we have 45% of our business in Western Europe. And in the quarter, that was a bit of a step up. 16% in the Nordics, 13% in Eastern Europe, the 10 plus or 11% in North America, and then the other markets. We get back to the more of the details on the development in each of these regions. With this I hand over to you Anders.

Thank you Robert. Anders Ulf here.

We are now on the fifth slide.