This morning Hexatronic Group released their report for the first quarter of 2018. The reported figures were stronger than our projections on every level. The Nordic market has been affected, as we knew it would, by the harsh winter but the company expects to see an uptake in volumes the coming months. The most positive surprise was the healthy development of the newly acquired US-based Blue Diamond Industries (BDI). We will most likely not conduct any significant estimate changes in the coming research update; we continue to be very confident to the long-term growth prospects of Hexatronic. Our current Base-case valuation stands at 78 SEK per share.