Cherry’s report for the first quarter of 2018 held few surprises, as the company had already announced a preliminary result assessment. The net sales came in 1% above our projections and EBIT was 4% higher. The turn-around in Online Gaming, with the prime asset ComeOn, is a fact. We expect continued strong margins from the segment going onwards. Yggdrasil and Game Lounge produced better sales figures and a little lower profit than we had anticipated. Heavy growth investments explain the softer earnings level for both companies. We are undoubtedly positive for the outlook for the whole Group as all subsidiaries are experiencing a positive development. Overall we will likely have to adjust our projection upwards slightly in the upcoming research update.