Hexatronic produced yet another record result during the last quarter of the split financial year 2015/16. When we summarize the full year, we see a company with net sales close to SEK 900m and EBITDA of roughly SEK 80m. Hexatronic grew annual sales by 42%; the organic growth amounted to approximately 20%, i.e. SEK 112m. Q4 was the sixth quarter in a row where Hexatronic beat our growth assumptions. We continue to see a strong organic development; this warrants an increase in our growth projections. In our view, the attractive prospects justify a revaluation of the share. We continue to argue that the market is yet to value Hexatronic as a growth company, but that it will. The financials continue to improve, which leads to an increased Redeye Rating. Our new rating and estimate adjustments generate an increased estimated fair value, in Base-case, of 40 (27) SEK per share. Our fair value range is also narrowed and now ranges from 18-57 SEK per share.