Magnus Grenfeldt
Chief Executive Officer

Good morning, and welcome to Hotel Continental, and good morning also to you online. It's a fantastic and sunny day in Oslo, and it is a fantastic day for Smartoptics and a great quarter that we are going to talk about today.

I want to start by just a few thoughts to my staff and my team. Thank you very much to operations for always being there, supporting us through the quarter and also supporting us through the relocation of production in Q2. I want to address all of our staff that, much like me, have spent their life contributing to the optical networking industry. Very few people get to contribute to technical innovation that changes humanity forever once. We are starting our second time around now. That's a luxury. To the new people who have joined Smartoptics, warm welcome. You have a beautiful future ahead in this industry.

Stepping to the quarter, obviously, super strong momentum and really, really good progress overall and in some of our strategic areas that we've been talking about for a couple of years now. I want to start this conversation around the market that we are in. And I think today versus about a year ago or 2 years ago, there is no doubt the market projections for our market, for the coming 5-year period and beyond look much, much more attractive than they did previously. It seems like consensus is somewhere high single digit to low double-digit growth