Design grew by 22% organically, mainly due to solid sales of Autodesk 3-years deals, which likely will lower Design sales slightly in the coming two years. PLM had negative organic growth (-10%) and a falling margin, as a result of weaker demand in the German automotive industry. Process came in above our forecast regarding EBITA and management sees a solid demand. We will likely leave our forecasts and Base case of SEK 180 largely unchanged.