Sales was SEK 840m (777), corresponding to a growth of 8% YoY, which was exclusively M&A-driven. Our estimate was SEK 885m. . EBITA came in at SEK 105m (101), the equivalent of an EBITA margin of 12.5% (13.0). Our estimate was SEK 110m. The rapid transition to SaaS – mainly in PLM – has resulted in an accelerating increase in Addnode’s share of recurring revenue. The R12M figure was 58.4% in Q4, up from 56.2% in Q3. That is the biggest QoQ R12M increase since at least 2014. Going forward, we expect EBITA margins to be more evenly distributed throughout the year, because of the transition.