As we wrote in our Q3-comments G5 choose a path to continue its growth phase instead of secure more profits. This strategy will likely continue in the foreseeable future. The match-3 market (Candy Crush etcetera) is major and highly competitive in comparison to G5’s niche (Hidden Objects). We will therefore be more conservative in our estimates, despite the higher potential reward which is illustrated in our bull case. We have lowered our estimated EBIT in 2020-2021 and our expected sustainable EBIT-margins in a more long-term perspective.