Thank you very much. Good afternoon, everybody, and welcome to this Q2 report.

I think we can step right into it, Viktor. Please.

First, a snapshot of Balco Group, I think is interesting for everybody. You probably know this already, but 85% of our market is in the Nordics.

We have about 15% of our revenue in some other European countries. The group was founded in '87 and have a couple of subsidiaries.

We're pretty complete, especially in the Nordic markets, when it comes to different type of balcony solutions, and we keep them apart in general, two different: renovation and new build. We are market leaders, and we have also, especially in the Nordics, and we have a small penetration in Germany and UK, where we have a challenger position.

I think we can move on from there. Order intake: we had a good order intake, it's good, the business is there.

We have a backlog up 18% versus Q2 last year. We have weak operating cash flow this year.

We think our cash position is pretty normalized at this point. Net sales increased by 12%, and we have an improved operating profit, but it's still on so low level, we'll talk more about that.

We have initiated a project to address this, which I'll get back to a bit more. Balco Group has, through its subsidiaries, we feel we have a very strong market position.

We're known to deliver high quality solutions with different segments and markets where we together as a group are active. The market has been really tough the last couple of years, but we see signs of recovery, mainly in the renovation segment.

Not very strong, but we see recovery. What I think is important now, since two months, I've been here a little bit more than two months, focus is really to adapt the group to the current market situation and also better utilize the strengths the group has as a group, and focus 100% on profitability.

Then, of course, down the road, also profitable growth going forward. We have an action plan in place.

We're still investigating, and I will come back and discuss more and describe more of that in Q3. We have had a very constructive dialogue with our principal bank, which has resulted in a supplementary agreement that will provide the conditions we need for us to return to sustainable, profitable growth.

Please, Viktor.

Okay. If we look at the financials in the quarter, net sales amounted to 370 million SEK versus 331 last year.

We had an organic growth of 11% and more or less no currency effect. The adjusted operating result amounted to 12 million SEK versus 6 million last year, corresponding to an adjusted EBITA margin of 3.2% versus 1.9 last year.

The order intake, as Johan mentioned, was strong. It amounted to 600 million SEK versus 519 last year.

The order backlog increased by 18% to 1 billion 693 million versus 1 billion 439 last year. The adjusted earnings per share amounted to 0.21 SEK versus 0.01 last year, and the earnings per share amounted to -0.07 SEK versus 0 last year.

Operating cash flow amounted to -62 million SEK versus negative 30 last year. If we look at the different segments, starting with the renovation segment, net sales amounted to 274 million SEK in the quarter versus 253 last year, that corresponds to 74% of the total net sales.

The order intake in the quarter amounted to 474 million SEK versus 386 last year, corresponding to 79% of the total order intake. Adjusted operating result in the quarter amounted to 6 million SEK, which is the same as last year, corresponding to an adjusted operating margin of 2.3% versus 2.4 last year.

The order backlog amounted to 1 billion 220 million SEK versus 1 billion 134 last year, that corresponds to 72% of the total order backlog. Turning to the new build segment, the net sales in the quarter was 96 million SEK versus 78 last year, corresponding to 26% of total net sales.

Order intake amounted to 126 million versus 133 last year, corresponding to 21% of the total order intake. Adjusted operating result in the quarter was 5 million versus 1 million last year, and that corresponds to an adjusted operating margin of 5.3% versus 0.8 last year.

The order backlog amounted to 473 million SEK versus 305 last year, corresponding to 28% of the total order backlog. If we look at the financial positions, we had at the end of the quarter an equity amounting to 738 million SEK versus 753 same period last year, with equity-asset ratio of 44%, down 1% versus last year.

The interest-bearing net debt, including leasing debt, in relation to adjusted EBITDA amounted to 6.2 times versus 5.6 same period last year. As Johan mentioned, we have signed a supplementary bank agreement that runs until the first quarter of 2028, and our covenants are within this agreement.

Hand back to you, Johan. Oh,

thank you. Concluding remark is really what I started with.

We're a strong group. We have a lot of potential.

Right now, it's about really making the order book turn into EBIT, and focus 100% on profitability. We have a good action plan to do so, and I look forward to present more the results of that plan during Q3.

Please, I think that's what we have, and we're very open to answer any questions you have.

Yes, they do. The target levels are gradually increasing, but they are until third quarter 2027, yes.

I think the market is catching up a little bit. I think we have been on the bottom.

I don't foresee that it's going to be a tremendous change, but the market is not going to be against us. I think it's going to be gradually improving from where we are today.

We can see the renovation side starts picking up. The new build is still very, very slow, and we don't foresee the new build coming back very soon, but renovation starts picking up a little bit from low levels, but is picking up.

The marine business actually is based in the Swedish operations.

The marine business is a very long-term business, and it fluctuates very much between the quarters, and we don't comment on each quarter on in the marine.

We don't answer how much the effect was in the quarter, but as Johan mentioned before, the cash position is on a normalized level now, we don't expect any bounce-back from that regard in the second half of the year.

We did announce that we took a big project, [Stensa?] , about 100 million this year that, of course, affected the order intake during the quarter pretty big.

That's my answer to that.

That's exactly what we're going through right now and understanding and putting up our plans for. As I said before, we have very strong focus on actually delivering, increasing profitability, but I'd like to get back to more detailed answers on that during Q3.

Thank you very much, and thanks for listening in.