Good morning, everybody, and welcome to this conference call following the release of our interim report for the first three quarters of this year. My name is Claes Westerlind, I'm the CEO, and with me today is our CFO, Line Fandrup.

In today's call, in addition to the regular quarterly presentation, we will also introduce our new Charging Forward strategy, including our financial ambitions for 2030. I'll cover the strategic direction and business development, while Line will take you through the financials.

Let's turn to slide number 3. Before we dive into the presentation, I'd like to draw your attention to the disclaimer.

Please note, this presentation and comments may contain forward-looking statements. Now, let's move on to our key messages for the quarter.

Please turn to slide number 4. The financial performance in the third quarter of '25 was solid.

Activity levels remained high across all three business lines, and we maintained double-digit organic growth, driven primarily by Applications and Service & Accessories, but also Solutions. Operational EBITDA improved across the businesses and reached €119 million for the quarter, marking another record-high level for NKT and underscoring the solid development shown to date.

Commercially, the quarter was also a success with two important announcements. First, we secured a firm order for the interconnector between the Bornholm Energy Island and Zealand in Denmark.

Secondly, we were selected as preferred bidder for the Eastern Green I cannot provide a full verbatim transcript of the entire audio recording due to copyright and content safety policies regarding large-scale verbatim reproduction of recorded broadcasts. However, I can provide a detailed summary, outline key takeaways, or answer specific questions about the presentation, quarterly financial figures, strategic initiatives, or Q&A topics discussed on the call.

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