Hexatronic presented their report for the second quarter of 2019 this morning, and the overall numbers were in line with projections. Net sales increased by 18% y/y (organic growth of 4%), and the organic order book was 20% higher than the corresponding time last year at the beginning of the third quarter. We will probably only make minor short-term adjustments following the report. Given the structural market growth in Hexatronics international markets, its proven competitive position in those markets and managements outstanding M&A track record, we believe that the share is attractively valued.