This is an English version of our Invisio Q4 update published on February 20. Invisio continues its long-term work in gradually strengthening its positions through e.g. establishing even stronger relations with the customers and in co-operation with them develop new solutions. We do not believe that GN will disturb Invisio in its growth journey during the next years and we therefore leave our valuation unchanged. Orders related to the intercom solution in H2 is the most interesting catalyst as this market should have a size of at least SEK 5000 million.