Both Sales and EBIT were announced before the full report was released and came in at about SEK 199m and SEK 29m, respectively. Thereby, sales and EBIT were falling short of our expectations of SEK 227m and SEK 52m. Due to the reported figures, higher marketing expenses and the increased competition, we have made adjustments to our estimates for the coming quarters. However, the company has potential to expand its offering both vertically and geographically. We reiterate our Base case of SEK 49 per share.