Good morning. Today we have the CEO of W5 Solutions, Daniel Hopstadius. Can you describe the development in the third quarter?
Yes. We had a very stable quarter with stable revenue growth and a stable profit growth. If you look, we had increased our revenue by 11%, and more than doubled our profit.
If we don't just look at this quarter, if we look at the whole year, how's it going?
Great. If you sum up the first three quarters, you can see that we have a turnover growth of over 14%. We right now have a revenue of SEK 101 million for the first three quarters. If you combine that also with our normally strongest quarter we have in Q4, we have all the pieces put together to have a very fantastic year this year.
In the report, you talk about your strong order intake. Do you see this continuing?
Yes, we'll see it continue. Right now, we have a great demand of our products and systems, and that's expecting to continue. That's due to because we have not yet seen the effect of the increased budgets that now are presented. From this point to the next quarter and 2023, we expect that every business area will have an increased demand of their products. That will also drive our aftermarket on the support and services. So it's looking great. The forecast looking great for the future.
In growing the organization, you've also strengthened this with new recruitment. Could you tell us more?
Yes. Due to the fact that we're a fast-growing company, we recruit new people to our family all the time. Now I would highlight especially that to accelerate our M&A agenda, our M&A strategy, we have recruited Siebren de Boer. He will be the Director of Corporate Development and M&A. He has a great background to help us do with the skill set. He's been a former CFO Europe of NEP Group, and he also had, in that role, been responsible for their M&A.
You say you are looking forward to a good end to a very good year. What challenges and opportunities do you see now in the coming quarters and in the future?
If you look at due to the good start of the year or three-fourths of the year, and to the fact that we have a really, as you can see in the report, good backlog for the last quarter. We are going to deliver about SEK 70 million. The year looks to be fantastic. Of course, that also will be a challenge for us because delivering orders for SEK 70 million will be challenging, so we are going to test our ability to actually be able to hold our promises to our customer. I have to say, right now, our teams have been fantastic and been very flexible because due to the fact there are some shortages out there still on the components, and that means that we sometimes have to move our delivery times.
Also be able to, due to the high demand, we have to change the order of the orders. So I have to be very thankful for our teams. They have done a great, amazing job to actually be able to deliver all this.
Finally, how do you see the future? 2023 and beyond.
Yeah. Due to the fact that the high demands we have from the customer right now, we will focus on our delivery capacity to meet the high demands we have. If we can be as good as we have been on, as I talked about, the flexibility to handle these challenges we have, we are looking great to continue our growth journey. I will say we have all possibilities to make 2023 our best year.
Thank you. Now we move on to the Q&A.
Yeah. Thank you very much.