We are pleased to share with you our interim report for the first half of 2018. In March 2018, we successfully started production at our newest site PW11 in Italy. Production is currently in the ramp-up stage and a third shift was applied in the mid of June. Further, we successfully launched new €450 mn fixed rate notes carrying a coupon of 3%. The proceeds were used to optimise the financial structure of our entire group, including JH-Holding.