Today Stillfront released their report for the last quarter of 2017; the reported figures came in about 10% above our estimates. The primary driver of the outperformance was the strong releases of War and Peace, Niba Harb III and effects of the platform extension of Call of War. Of course, the most exciting thing was the healthy development of Goodgame Studios, which will be consolidated starting in Q1’18. We do not expect to make any more significant adjustments in the coming research update regarding projections or valuation. We find that the outlook seems promising with a very interesting 2018 for Stillfront Group.