Today Hexatronic presented their report for the first quarter of 2019. We saw only a small deviation to our projections during the quarter. The organic growth increased during the quarter compared to the two previous quarters; in our view, this is the definite sign of a trend shift. That the organic order book stood 22% higher at the end of the quarter compared to the corresponding time last year further confirms the trend shift. We will most likely only make minor forecast adjustments following the report, but we view the current valuation as attractive. We believe that an investor has the opportunity to jump on the train before the rest of the market understands that it’s already leaving the station.