For Q3 Addnode presented another solid report. Both the net sales and the result were marginally better than our estimates. Business area Process Management is stepping up, and conducted two acquisitions during the period. The company also announced that the current CEO, Staffan Hanstorp, will take the position as the Chairmen of the Board at the next AGM. Johan Andersson, which is currently the CFO of the Group, will be the new CEO from the next AGM, a natural step in our view. We have made some minor upwards adjustments to our estimates following the report. Our estimated fair value, in Base-case, is increased to 60 (58) SEK per share.