Redeye sees an excellent Q2-report, where all segments vastly outperformed our EBITA* forecasts. The margin was boosted by cost cuts and solid demand in scalable businesses. Organic growth was -2% and the business model has surely proven itself. We will most likely raise our forecasts and Base case. However, the share price has increased significantly, and we will get back to our updated view on the share in our Q2 update.