The reported figures during the first quarter beat our projections on all accounts. As anticipated the Nordic market was softer regarding volumes, but the company expects to see a pick-up in the coming months as the peak-season approaches. The most positive takeaway from the report was the strong development of the newly acquired US-based Blue Diamond Industries. We only make some minor adjustments in our projections and reiterate our Fair value estimate. We continue to view Hexatronic as an attractive quality growth company riding on strong secular growth trends.