Stillfront Group’s report for the fourth quarter was strong all over but especially within the Core Products. We believe that a trend shift is now confirmed and that we will see a strong user development during the beginning of the year. Third-party grossing data indicates a strong release for Strike of Nations, the global version of the highly successful Nida Harb III from Babil Games. We have raised our financial projections and valuation slightly. At about 10x EBIT 2019E we view the valuation as attractive.