As expected and already communicated, Global Gaming´s Q1 was a very bumpy and problematic quarter. The migration to the new platform, at the end of Q4, and the regulatory issues in Sweden, during Q1, made its mark on the numbers. The sales decreased 31% Q/Q, and the rapid sales decrease with high gross margins and gaming tax had a large negative impact on the EBITDA margin. However, the sales in April looks promising, although, it is too early to draw any long-term conclusions. Our DCF model is implying a base case value of SEK 15.