Jonas Ström Okay. Good morning, all, and a warm welcome to ABG Sundal Collier's Q2 Results Presentation. I will shortly walk you through our performance during the second quarter. But before I do that, I'd like to mention that we will, as usual, have a Q&A session after the presentation. And if you want to raise a question, please use the Q&A function in Teams, and I will answer all questions you might have in turn. Okay. It's difficult to be anything other than pleased with our performance in the second quarter. We have delivered our second strongest Q2 revenue number in our history, growing our top line by 27% in the quarter year-on-year. The top line growth has been achieved with good contribution across geographies: strong growth in Sweden coupled with a stellar performance in Denmark. Denmark delivered its strongest quarter ever, highlighting our enhanced position as the #1 adviser in Denmark post the acquisition of FIH Partners. From a Product perspective, the biggest contributor to the strong top line growth was our Corporate Finance operations. On Private Banking, we are pleased with the reception of our services, good growth of customers, and assets under management with committed capital above SEK 2 billion, supported by the fact that we have delivered a strong performance in our discretionary portfolios, outperforming all relevant indices. And finally, before digging deeper into the numbers and our performance in the quarter, as announced today, I have decided to step down as CEO effective from September 1, after more than 7 years in this position. It has been an extraordinary journey, and I'm grateful to all of our employees, partners, clients, and shareholders for their trust and commitment. ABG Sundal Collier has, during my time at the helm, more than doubled revenues, strengthened its positions, and now was basically a good time to pass on the responsibilities to someone else that has at least a plus 5-year perspective to continue to develop ABG from a position of strength. I am confident the company is well positioned for continued success, and I will stay with the firm after September 1, and I remain fully committed to supporting a smooth transition as well as contributing to ABG longer term. Okay. So with that, let's flip to the next slide and have a closer look at the numbers. Once again, a strong revenue quarter, up by 27% to NOK 727 million from NOK 570 million the same quarter last year, resulting in first half revenues of NOK 1.14 billion. Our operating margin ended up at 25% in the quarter and 19% in the first half, excluding transaction costs and temporary overlapping infrastructure costs related to the acquisition of FIH Partners and some other costs of a nonrecurring basis, including what I mentioned last quarter, i.e., net presentation of client interest versus gross presentation of client interest in prior quarters. Excluding all these effects, the second quarter margin was 28% and the first half margin was 23%. Earnings per share ended up at NOK 0.24 in the quarter and thus NOK 0.32 in the first half of the year. Let's continue with the next slide and have a look at the market and the macro backdrop. We have supported markets that improved during the quarter with equity indices reaching new all-time highs, credit spreads tightening, and volatility decreasing and stabilizing on low levels, clearly below the magical 20 number in terms of VIX. That said, long-term interest rates remained elevated, both in the U.S. and Europe, indicating that, not least on the back of the Iran conflict, inflation is not out of the picture. Having said that, the recent development in oil prices post-Iran peace agreement negotiations should at least reduce the risk of negative surprises in inflation going forward, hopefully. % This section outlines Nordic capital markets metrics. Continuing with the next slide on how our markets performed against this macro backdrop. It is not surprising to see a strong performance and strong momentum in general equity capital markets activity across the Nordics, with growth year-on-year in the quarter in terms of volumes of a stellar 128%. That increase in percentage terms should obviously be put in a historical context, i.e., a very, very quiet second quarter last year. So maybe one should have a look at the lower left-hand side of the slide instead, and the increase is less dramatic if you look at the last 4-quarter rolling average. But it's clearly an improvement, and not least an improvement in IPO sentiment, as you can see in the lower left-hand side of this slide. In debt capital markets, we also witnessed continued strength on very high levels indeed. The second quarter was touching an all-time high in terms of volumes in the quarter. The increase compared to Q2 last year should be put in the context of a very, very healthy and high activity indeed, continuing with structural growth. Then again, sometimes there is volatility, of course, in debt capital markets as well, but we see continued strong interest in Nordic debt capital markets, continuing to have new issuers being interested in tapping into the Nordic debt markets, and continuing to see more interest from international investors underpinning the strong structural growth we see in debt capital markets. And finally, looking at the Nordic M&A market, as usual, there is less drama: stable volumes with a slight decrease overall in the number of transactions, but overall, the feeling is stability is the key word here. So let's continue with the next slide on how we performed, how ABG performed in these markets. Starting off with Corporate Financing, we did pretty well, with a particularly strong contribution from our DCM operations, also with good support from recovery, as mentioned previously, within the IPO segment, as illustrated in the top right-hand side of this slide, with several IPOs conducted with us as advisers, including the best-performing Nordic IPO ever in Silex. I'm also pleased to see contribution from all geographies in this regard. And as you can see in the lower right on this slide, a lot of high-profile and very large transactions were completed within DCM, once again contributing strongly to our overall revenue growth in the quarter. So next slide, please, looking at how we did within M&A. Overall market stable to slightly down. We continued delivering on a very high level, indeed. And as you can see on the left-hand side of this slide, our performance within M&A is very strong indeed in a historical context, with revenues clearly above historical averages. This quarter, we also had good contribution from all geographies, with once again our strongest growth in Denmark and Sweden. As you can see on the right-hand side of the slide, on the selected transactions, we also had very good diversification in terms of sectors where we have been active as M&A advisers, illustrating the depth of our competence across industries and sectors. And finally, next slide, please. Before talking about headcount and costs, a few words about our very stable brokerage and research operations. Revenues were basically flat at around NOK 150 million in the quarter and NOK 600 million in the last 4 quarters. Norway equity sales yet again outperformed with continued growth from high levels. I am also pleased to see the confidence our clients show us, as illustrated by our #1 ranking in the latest Extel survey in Nordic equities trading and execution and our overall #2 ranking in the same survey. We also ended up being joint #2 ranked in the Financial Hearings survey among Swedish institutional investors—well done to all involved. So over to headcount, and the next slide, please. We are close to 350 FTEs, full-time employees, and the growth year-over-year is mainly driven, obviously, by the acquisition of FIH Partners. In spite of us having grown our business with close to 100 full-time employees over my plus 7 years at the helm, the number of FTEs within support operations has been pretty stable around 60 FTEs. And as you can see, basically all the growth in our firm has been within Investment Banking, according to our strategy. We have coupled this growth in FTEs with a higher revenue per head, the number as you can see on the right-hand side of this slide. This is important to keep in mind when evaluating our ability to grow not only revenues but also profits and profitability over time, once negative temporary effects fade from acquisitions such as FIH. That leads me to the last slide before the concluding remarks, talking about operating costs. Operating expenses increased by 18% year-on-year in the first half, from NOK 784 million to NOK 926 million. This is mainly a function of higher performance-related compensation on the back of stronger revenues and higher EBIT, but also costs once again related to the integration of FIH Partners and certain one-off items in the quarter. Excluding these effects, underlying costs were broadly in line with last year. In order to increase our operational leverage and our profitability, all else equal, we have initiated a firm-wide efficiency program that is already well underway, and we expect to see the full effects of this program by the full year 2027. Okay. So with that, let me summarize the key takeaways and flip to the next slide. Yes, we delivered a super solid quarter with strong growth of 27%, our second strongest second quarter on record, driven mainly by an increase in our corporate financing operations. Furthermore, I'm very pleased to see that we delivered our strongest quarter ever on record in Denmark, highlighting the super solid position we have in Denmark post-acquisition of FIH. Private Banking continued to attract new clients and capital, with committed capital now above SEK 2 billion, supported by strong performance in our Wealth Management portfolios. And well, I'm leaving my role as CEO, but I'm not leaving the firm. And I'm leaving the role from a position of strength. Now it's the right time to hand over to a new leadership that will bring our firm onwards and upwards over the coming years. And I am convinced that we are well positioned for further success. And once again, I'm committed short term to support a smooth transition and looking forward longer term to continue to contribute to ABG. So with that, I'd like to open up the floor for any questions, should there be any, Anna? Anna Tropp We haven't received any questions so far. Jonas Ström Crystal clear. Well, obviously, I will, as usual, be around to answer any potential follow-ons or comments or questions you might have during the day. Please reach out to Anna, and she will do her best to coordinate accordingly. Thank you for tuning in, and thank you for the trust over the last 7 years. You won't get rid of me as easily as you might think; I will be present in the background going forward. Thank you all. Bye now.