Hello everybody who is online, and welcome to this webcast presentation, summarizing the key, key points in the Fifax Financial Statement released 2023, that we just published this morning. With us today, we have myself, Samppa Ruohtula, and then, I have Linda Lindroos, our CFO, also present here in the room. And in addition, Tapio Pesola will help us with the Q&A and keep that part of the discussion in shape and order. Agenda is very simple. Quick operational update and key points of the second half last year, and then a look ahead of, of what we are looking forwards with, in our activities and then, and how the market looks, and then where we focus going forward. And finally, then let's, as usual, round up with the, with the round of questions. But let's go to the actual content. So in summary, the key takeaways from second half last year can be summarized to the key areas that we have been working on according to what we have communicated and planned earlier. So we restarted the Eckerö facility operations in March last year, after we again got, so to say, in quotation marks, the keys back to the factory after the sanitation. And took in the first egg batch, started to start the raise and then farm those forwards, and in parallel then did technical updates and improvements as planned. So the fish farming activities have progressed as planned during last year and second half, and more about that a bit in more detail a bit later. And then we have continued with the technical and operational improvements, both technical upgrades and investments, and then corresponding operational improvements into our processes and practices, and then how we actually run the factory. I'll show on a subsequent page how this in more detail have gone, but we came so far in terms of farming the fish, and then also with the technical update, that we have now already the first Grow-out unit up and running and fish growing. We communicated in parallel with the restart about the required financing needs for covering the restart period in a couple of few steps. Of those, during last year also, we in total raised roughly EUR 9 million of equity, and then renegotiated the repayment schedules of our bank loans. And have also then been working on the further required financing to complete the restart according to the plan. In summary, the key takeaway maybe from second half is that we are continuing to progressing steadily towards the key target we have to have the full fish stock in the facility, and enabling, thus, also then the full production level, which, to remind everybody, is on annual level 3.2 million kilos of live weight fish before harvest as an annual output volume, and that is the level we are targeting now then, and working every day to get there. Let's look a bit now then in more detail what has happened at the facility. We had the same chart-like picture in a previous presentation as well, but now there's some evolution that we can explain. So, so the first eggs in the restart, we took into the hatchery in March 2023. And since then, we've taken subsequent batches, all in all, four larger ones and one smaller one, and the next batch is coming actually now in a couple of weeks. So, so there's a steady, steady pipeline now o f input to the system. And then, so the hatchery and the first feed unit is already then at speed, at full speed based on this pipeline, and so is the fingerling unit, which then comes next. We have actually extended the hatchery and first feed unit to a larger capacity, and we can keep the really first phase fingerlings now there up to roughly 10 grams, after which we transfer them to the actual fingerling unit. And those two units are now already operating at the kind of full pipeline handling speed. Then the first batch was transferred from the fingerling unit to the actual Grow-out 1 in September. And then steadily after that, always when the size has been right, meaning a bit over 50 grams or so, we have taken then parts of the batches into the Grow-out tanks. Currently, as of recently, we are now using 9 of the 12 tanks in the first Grow-out unit. The fish stock is expanding gradually here, and to accommodate for the growing fish stock, we are currently in the process of making the similar upgrade investments and technical works that we already have implemented in Grow-out 1, now to Grow-out 2. The first fish should be moving there within a few months' time, and then the same thing. Evolution will happen, that we gradually increase the usage rate of that part in the course of the natural growth of the fish. What are we doing there, and what have we done in the previous parts as well? So for example, right now, there is ongoing the epoxy coating of all those 12 tanks in Grow-out 2, and parts of the water treatment system as well, which is done in order to further facilitate the cleaning of the tanks, limiting the-how would you say, that the different materials and then biological elements stick to the surfaces, so it becomes easier to clean, which also then impacts directly the water quality and also the efficiency in the way that it's faster to turn around the tank also when you empty one and then clean it to take in new fish, so we get kind of faster throughput time as well. And we already see from these as well in Grow-out 1, clearly the positive results. Then there are other technical installations ongoing related to water treatment, to temperature handling, and stuff like this. So, all in all, a lot going on, and the Grow-out 2 should be ready to receive fish then quite soon, actually. And then obviously the plan is then to next start making the same things in Grow-out 3, so that we again accommodate space for the growing fish stock. Now, looking a bit then at how the fish concretely has been developing, it's of course a bit distant to think how it happens inside a facility like this, but these pictures we tried to select here that show quite concretely the progress. So, the first picture on the left is actually from the very first egg batch that arrived in March 2023 to the hatchery. They have just been placed in the hatching trays, and there the process is starting. Then four months later, they were already then in the fingerling unit, and the middle picture shows how they looked like. They are kind of at that stage, still very, very, very small fish, but already sort of clearly fish. And now the picture on the right-hand side is how they look now, the fish from that first March batch, how they have evolved. It's maybe not so clear what there actually happens. There's a huge tank. It's 12 meters across, 5 meters deep, and of course, there's a lot of life and movement happening, but you see there a few fishes jumping on the surface. And then if you think that that tank is 12 meters in diameter, you might get a little bit of idea of the perspective as well. But that largest fish that is jumping there in the front middle is actually concretely one of those that in the left-hand most picture is a small fish egg in the trays. So evolution is clearly happening. And these in the largest tanks now are around 200 grams, so that's how slow it appears at the start. But the growth is, growth is there very clearly, and we are now with this first batch, and then, of course, the others follow the same curve, approaching the moment when also, also kind of with human eye, you, you really realize that, that, that the fish is growing. This graph depicts roughly the curve of growth for the rainbow trout in our facility, with kind of the three steps, Hatchery, Fingerling unit, and then Grow-out unit, with the rough month periods that they spend in those segments. As you can see, it kind of seems to be very slow. It's an exponential curve roughly over the life cycle of a fish. We talk about roughly 1% per day. It really starts then to show in the weight here, where we are now and 95% actually of the weight increase happens in the Grow-out stage. The total biomass, where of course this first batch from March in terms of kilograms plays a significant part, was at the turn of the year roughly 60 tons, and then now here in the latter part of February around 100 tons. From there, you can roughly also concretize the speed, how the biomass, the fish stock actually kind of then expands and the trajectory continues with the curve that is here roughly depicted going onwards. But the fish are still at the stage at 200 grams, that there's a while before they reach actual sale size. And that actually is the key takeaway then when we look at the actual figures, which of course are highlighted in more detail in the actual report when you download it and read it. And the key point here, of course, is unfortunately that we didn't have any revenue during the second half. No sellable fish yet in the facility. Otherwise, the figures and how it went was very well aligned with our plans and forecasts. Of course, when the biomass is small, the biological variation and so forth is quite predictable in that sense. No big surprises here in that sense. But more details of these than in the actual report that you can find online. And if we look back and then forward what we on top level are targeting with the company, the 2023 targets are now behind us. We had the targets for the farming to get the hatchery and fingerling units in full production, and the first Grow-out unit started and in use. And so that the improvement investments and the technical upgrades in biosecurity and water quality, and then the performance are completed in these units that are in use. And these we have achieved. Then we had a second target to start the advisory and licensing business with the target to commercially commercialize the quite unique know-how base that we have in RAS farming. There we have also made progress although it's still in early phases. We are planning the resourcing and engaging in early customer negotiations with potential clients and putting the basics and bits and pieces of the offering in place. But obviously, the main focus has been for us in this farming part. Then when we look ahead, what happens then during 2024, which now is then the short-term target, it's very straightforward how this is formulated. The target is to continue with the farming and reach the full fish stock, as mentioned here earlier, also, and the full production level corresponding to the capacity of the Eckerö facility, 3.2 million kilos live weight annually. And to enable this, do the same improvement works and investments in the technology and the facility, focusing specifically on biosecurity and water quality, and then performance of the production in the remaining parts of the factory. So that when the fish needs it, along with the growing fish stock, the facility is ready to accommodate with the new and still better environment for them. And then in parallel, we continue with the ramping up of the advisory business activities. To be able to reach these, it's necessary also, of course, that we obtain the remaining part of financing that is required to be able to get through the whole plan. We had estimated at the onset of the restart phase last spring, that the total of EUR 50 million, roughly, would be needed to complete the restart overall, and split so that EUR 5 million of those cover the needs of 2023, and the short-term targets, that were then the short-term targets, and then roughly EUR 10 million for the 2024 targets. Out of these, we collected and raised the main part during last year. Of course, the 2023 EUR 5 million we covered with the rights issue in March 2023, and then in early December, we concluded a private placement of a bit less than EUR 4 million in equity, and then in parallel also renegotiated our repayment schedule and loan period of our remaining bank loans, EUR 3.8 million. And then with these actions, we covered a substantial part of the need, but we still are then requiring some funding more and are working continuously and presently with securing those elements also to be able to conclude the restart program. Then in terms of long-term targets, that is still quite long ahead, but the target is that as soon as possible here, when the Eckerö facility is up and running, we continue with expanding the production capacity on different sites and also continue with ramping up the advisory and licensing business. But the key focus now obviously is on the short-term objective to get the Eckerö facility up and running and at full speed and then the fish out to the plates of the customers. And we assess that the market with those customers, with those plates that would receive our fish, continues to be there, and then the developments overall globally in the environment really support the demand that we see for specifically land-based farmed RAS fish. As a quick recap, this is known to everybody who has followed us for a while, but the global picture of supply and demand is quite interesting in the sense that the wild fish capture is stagnating. Farming has grown a lot. The aquaculture has really provided a lot of supply, but the limits to extend the volumes meaningfully are starting to be met. So the forecasted increase in supply from conventional aquaculture sources, compared with the forecasted increase in demand for fish globally, leave there a very clear gap, and this gap needs to be filled with new methods of farming and the land-based RAS farming is one of the very few strong alternatives how to actually then fill that gap. In terms of market pricing, it also develops strongly. Salmon price is the main lead indicator of the trends also for other salmonids like rainbow trout, and the price level here has been trending upwards. You see from the left curve there that the trend goes upwards. You can see that of course also in the shops when you go and see the fish prices. There is, like you see from the variation curve, quite much variation within a year, depending on different elements, but the main trend has been now quite strong for some time, and it's linked to the limited increase of supply and also then the forecast of how the supply is seen to be evolving. So we see this as a base, a very, very strong demand for fish produced with this way, and that is also then visible globally in the quite large number of colleague projects in different areas and different geographies that are working to reach the same objectives as us. And this slide we have shown earlier, there's really no changes, but this is basically the targets and objectives and our top-level plan summarized in a simple chart. So we are still there in the restart program phase through this year and then after that, we enter the expansion phase with the new then potential facilities and so forth. In terms of the execution, step 1 is behind us, as was defined for the 2023 targets, and then now we are in step 2, with the works on Grow-out 2 and a growing fish stock that very soon needs the Grow-out 2, and then comes Grow-out 3 quite soon after that. And if you split that phase, basically what I've described earlier in the presentation with, for example, the picture of this sort of or the graph of the facilities and units, it could also be seen in terms of the operated capacity. So during 2023, until September, we only operated the hatchery and fingerling unit, and then since September, we basically operated a technical capacity of a 1,000-ton factory, and, now soon, we are operating a 2,000-ton capacity and, and then, once the Grow-out 3 is up and running, we have the full, full factory, in Eckerö in use and, and operate technically a, a 3.2 million-kilo capacity. And then in parallel, we, we steadily work to, to, to expand this advisory and licensing business. And, then the brief reminder of the required financing that we have communicated earlier is, is noted there on the lowest bar. And, now then, looking ahead at what we are focusing on during this first half of 2024, until we meet again in the same terms or same venue, so to say, we continue with the improvements and upgrades. And the start up technically of the facility during first half, it will be the second Grow-out that now comes online concretely, most visibly. And then also what is really exciting is that we now already then have the sort of possibility to concretely work on preparations for the commercial restart also. So that is what we are in parallel focusing on to be ready when the fish really reaches the point of the moment of sale start, which we are all waiting for, and then in parallel, developing the advisory business. Like I said earlier, also obtaining the target conjunction of the targets, so obtaining the additional financing we still need is of course a prerequisite for us to be able to reach the objectives and conclude the restart phase as planned, and the targets for 2024. Then I can maybe round up with the brief recap still that why we see that Fifax maybe could be an interesting company to invest in. There are global, very, very strong mega trends and currents that drive the growth in demand for sustainable healthy fish protein and fish. We are one of the early pioneers in this still very new field with the experience of already operating large scale RAS facility and delivering high quality fish and also then advanced insights in biosecurity and sanitation. We've encountered, as we all know, quite extreme special situations and have learned quite much special insights through those as well, which is also unique globally. The implementation of RAS, which you can do in a bit different flavors, that we have chosen is in terms of sustainability and the load to the environment, pretty much as extreme as it can be. Hence we are on that vector, very advanced. With the base from the first current operations, we see that then we have a really good foundation, once we have Eckerö up and running at full speed, to continue on that trajectory to an even more larger extent than offer better fish for the world, like say. So, with that, I'd like to conclude this presentation part and hand actually over now to Tapio for the Q&A part. And feel free to post questions in the chat, and Tapio will facilitate the discussion or the handling of those questions. Thank you, Samppa, and thank you for presentation as well. So, as said, my name is Tapio Pesola, and I will be following the chat feed and asking the questions. I already see a couple of questions, actually, so maybe we'll get started right away. Yep. So let's begin with Pauli Lohi, the analyst from Inderes. First question: do you expect any material sales of fish in 2024, so this year? That is our target, definitely. That, we are aiming to get to the full output level corresponding to the annual output of 3.2 million kilos, still during this year. And that also then means that output in terms of sales needs to be quite sort of meaningful. We of course have a variation there. We can choose when we sell and then when we do not sell, and so forth, but the whole RAS approach is also based on a steady flow. So, in that perspective, we sort of see waste efficiency when we actually can take out the harvest when it's optimal in terms of the size of the fish and so forth. Okay, thank you. Then another question on investment levels. So do you expect CapEx investment levels to increase in 2024 compared to the previous year, and why? Yes, that is in the plan. We have, during 2023, implemented the planned investments into the hatchery and first feed area and some to the fingerling unit, and then especially into the Grow-out 1. Now we are foreseeing to take in use and doing these same elements in Grow-outs 2 and 3. These Grow-outs are the big parts, obviously. They are quite large in size. There are also some investments related to the slaughterhouse and harvesting that we're planning. It's quite natural that the investments would be somewhat larger. Okay, excellent. Thank you. Then the final question so far from Pauli. Have you noticed any changes in mortality during the current ramp up compared to the time before the virus? Yes, we have, absolutely. I mean, we've noticed in many ways clear improvement from the previous level in how the whole fish, how would you say, kind of, healthiness and well-being and so forth is visible in the factory. But on concrete mortality metrics as well, that is one of those, and it's directly visible. So yes, definitely. Maybe to add to that, actually, how do you actually see the well-being and of the fish in practice at the facility? Yeah, you see it really by observing. We observe the fish very closely and all the time, and this is also something what the RAS facility enables, better even than, or clearly better than, a conventional farming out in the sea. The fish are really, a nd the tanks where th ey are. We can stand next to them. We can look into the water. We can look under it. We see how the water flows. We see its color, we see its brightness, and we can even take a mug and taste it if we want to. So it's very close, and we do it all the time. That's what our people in the team are doing in three shifts, and so continuously monitoring the fish. And what we actually then see is how it behaves, how it feels, how active it is. And it's of course part of the know-how of the fish animal husbandry, that you know your fish and can read how it feels. But it's a combination of quite many parameters. Part of them technical, where you see that the conditions are good, and then part of them things where you really can see how the fish looks and how it behaves. And then combining these in the eyes and heads of our experts to a very kind of thorough understanding of how they actually behave. Okay. Thanks for elaborating that a bit. I can see one more question from Esa online. So if anyone else has questions, just a reminder that you can still post them on the webinar website by using the chat functionality. But okay, Esa is asking that, assuming the tanks are filled in 2024, there's a couple of questions here. Assuming the tanks are filled in 2024, can you achieve the maximum of over 3 million kilos of cleaned fish in 2025? So that's the first question. Can you reach this maximum level? And then there's a question about your customers. Previously, there was a large industrial or and a large wholesale customer. Are these customers still committed? Has there been any consideration of how much production would be sold to Finland, Sweden, or other parts of Europe? So first of all, there was the question about, can you achieve the maximum of over 3 million kilos of clean fish, and then the question about customer commitments, and finally about where geographically you will actually sell. Yes, of those volumes first. So the exact volume finally, of course, depends on biology, and there can be some variation, which we cannot predict exactly. Yes, absolutely, we are targeting full production for the year 2025. The The pipeline works, but we are stocking the pipeline for full production since last March. So the amount of eggs and how the pipeline flows fill it already for that output. And then it's a question that how well we succeed in actually then keeping the pipeline full. But definitely, that's what we target. Then there was the question about the customers. Yes, the customer base that we have had before is still there, and we are maintaining the relationships actively. And just also to recollect what happened before we had to break, so we had successfully in the spring 2022 expanded from the B2B wholesaler channels only. That was relevant during the sort of first phases of ramp up and started also extending to the retail segment, other channels. And then this development is what we are continuing here. But absolutely, it's very central for us how we get the fish out. I think there was the question still about the geography of the customers. Yes. We are focusing, like we have been saying of quite naturally, on the local markets. So domestic and then of course for us, because we are there smack in the middle and can handle fresh fish very fast all the way to the retail points, which is also one of the strengths of the RAS model. So we have. We see the fish in the tank, and we can lift it directly, harvest it, ship it. It can be very, very fast and to the point of sales. But we are not in any way kind of exclusively puritans on this. Any market which is interested in our fish, and there are many of those, is interesting. It's quite much then a question of course, logistics and the balance of that, how is it fresh or how is it processed, and how do you actually make a sort of good logistic chain? That impacts it to some extent, but we are definitely interested in and ready to serve also other markets, maybe then focusing on the European side and actually have some discussions and preparations ongoing to those directions as well. Okay, so there is flexibility. Definitely. A couple of other questions here. Maybe one note on that flexibility still also is good to remind in terms of the RAS farming, that what makes it a bit different from the or significantly different from the conventional net pen farming is that it's continuous. Especially here in our area. So the harvest from the sea-based farming is quite seasonal. There's of course some harvest all the time, but mainly the harvest happens during the fall. And then in the spring time, after the ice has left, then you plant the new fish, and then they stay there for one, two, or three years typically. But in the RAS farming, we have this continuous pipeline, as discussed, so we can actually harvest the same amount when we are up and running every week, which in the Eckerö case is roughly 50 tons of harvested, gutted fish per week. And that also then impacts what markets you can target and serve, and the logistics chains and so forth. You can build in a little bit different way because it's a steady flow instead of seasonal flow. Then actually maybe a question regarding the gutting or cleaning or perku, is that perku in English? But I finish anyways. So Esa is asking, so if he understood correctly, the gutting or perku would start at the end of the year. So when the most of the fish actually is available and the prices of, for instance, Norwegian salmon also are predicting a drop towards the end of the year, is there expected to be pressures in terms of pricing when you actually go out to the market? The domestic rainbow trout market is seasonal, specifically for the purpose that I touched a bit in the previous question, that most of the harvest happens during the second half. And that typically has a certain impact, of course, to the price of the fish also, that it's cyclical. But that is actually then and it's really the high season, the autumn, for the conventional farming. But in our case, I mean, our model is such that we supply the steady flow around the year. So we also then have the fish in those periods when there isn't any fish available from the conventional farm or very little available from the conventional farm. So we see that that contributes then to balancing out the sort of also the pricing effects over the year, which conventional farming in the same way cannot address. Okay, I think that is, that is clear. There's one more question from Pauli, and then, then, one other general question. So once again, a reminder to the viewers, if, if you want to ask a question, there's still, still a bit of time. So Pauli is asking from Inderes, "Of the estimated funding need of EUR 10 million for 2024, how much have you already secured, and how much you still need to raise?" So still elaboration on, on that a bit. Yeah. Yeah, we raised during last year, all in all, first of all, EUR 9 million in equity, and EUR 5 million of that in the spring, which was for 2023 purposes. And then of this estimated, approximately EUR 10 million for 2024, we raised EUR 3.8 million in a private placement in early December, and at the same time also concluded with our bank financiers a rescheduling of our repayment of our bank loans, which happened to be also the remaining was EUR 3.8 million. And according to the new program, the repayments start in October 2025, so we have a grace period until then. Meaning that those funds are not going out from the cash balance until then, and then the total loan period extended into the end of 2026. So these two elements contribute significantly to a significant part of the need, but then there is something still left. We need to raise some additional funds, and but the exact amount depends on a number of factors. For example, when we actually then can start the sales, and then how exactly the biomass growth develops, or how the exact volumes flow within the year. Hence we have chosen not to disclose a specific particular amount at this point, but it's roughly sort of in that ballpark. What also impacts is, of course, our execution speed, that we can because these investments that we are doing are made with very, very sort of close hand controlling. So now we are making a crunch to finalize the Grow-out 2, but we have the option to regulate also the speed of the CapEx spend, depending on how these other conditions sort of fall in place. Regarding that topic and maybe operational costs, as we get close to spring and early summer, how will the growth of the fish be visible in Fifax's financials? So the crop costs presumably increase as the fish grows, so what are the key cost drivers now during the first year half? Well, yeah, that is fully according to plan. We know that in terms of operational costs, much of them are, or most of them are tied exactly to the amount of fish that we have in the system. And that means that they are sort of increasing then in line or in parallel with the growing fish stock. But that is like we have planned and forecast them. But that is really, I mean, this operation is about having a factory and the technology in place, but after that, then quite much of the costs are linked to the how much fish you have and how much you feed it. Because that then also dictates how much you use oxygen, it dictates how much you need to have people on place, and so forth, so that is really the driver, the kilos of fish that we feed. That feels logical in your case. The final question actually is a very fairly general question from the line. So how would you characterize Fifax as an investment? Is it fair to say that it's a long-term investment? I think that's maybe something that then every investor needs to think for themselves. But if we look where we are now, due to some unfortunate circumstances, we haven't had any revenue during the past year, and we still are sort of in the ramp-up period. So we definitely think that as a company, we are a very long-term company, and we are working with the solution to very deep problems that will be there in place for decades to come. And hence, as an early mover in that segment, we see that we are a very long-term player with a good base to be one of the leaders in the segment. This is not just only here in Finland, but it's really a global game ongoing. So, I don't know if it answers the question, but we see ourselves as a long-term company, and then it's, and the industry is really just an emerging long-term domain. So then it's up to the investors to decide that with which perspective they think that it might be worthwhile being here. I think that's a fair response. Actually, those are the questions we have on the lines, but now that you mentioned the topic, the broader picture, maybe I could ask just one final question myself as well. Regarding the whole segment of land-based fish farming, what do you see as the sort of significant events in the broader industry, let's say during the latter part of last year, 2023, or now coming into 2024? Yeah, it's a good, actually, concluding question. I think myself that it's a very exciting period. The field, as noted, is quite new. It has attracted very much interest, and there are a number of kind of leading companies, quite small amount, Fifax among one of them. But the number of kind of really pioneering companies is definitely max 10 or even less, that are operating on this scale. And then, the past two, three years have been quite challenging. There's been a lot of progress, but also a lot of challenges for many of these most visible projects to solve. And that has also then led to the financing part being not so evident. There's a quite big pipeline of new projects waiting. I mean, tremendous pipeline actually, but there's been a very, very cautious sentiment among investors recently, which means also then that new projects have had very difficult, if not impossible, to be able to fund and start the projects. However, the leading existing projects, including Fifax and then some of our peers, have continuously managed to secure the funding that they have required to take the steps. And now the industry is actually eagerly, kind of, or let's say kind of hopefully, positively awaiting that 2024, what it brings with it, because there are now a few projects that are really on the cusp of getting to speed. So our situation with too, I could list a couple of cases, so our colleagues, Norwegian companies, but they are dispersed in different places. For example, Salmon Evolution is doing really positively, shows good signs of progress. Nordic Aqua Partners, who builds actually the same base technology solution as ours, in Ningbo, in China. Facility has been already taking in, I think, eight batches since two years back of eggs, and they should be starting during this year also actual sales. Proximar building in Japan, similarly a bit later, but quite on the similar step. They are also sort of advancing and so forth. So there are a number of these lead cases that now the global community follows, and with the kind of, let's say, positive expectation that 2024 might start bringing the sort of, concrete evidence that this industry reaches. Maybe not yet maturity, but some kind, at least kind of, next level of operation. Yeah, definitely seems it's going to be an interesting year both for Fifax and more broadly. I think at the moment, I see no new questions. I think we have answered, covered all the topics that were raised. So with that, I think let's conclude the Q&A session, and I want to thank also from my behalf, everyone for joining the webinar. Thank you for the questions, and we look forward to seeing you again next time when Fifax publishes its half-year report in August. So thank you from my behalf as well. Yes, and thank you. Thank you from myself and Linda here in the one same room, also for attending and for the very good questions and attention and interest in the company. So let's meet again in suitable occasions and anyhow, we will then have a similar event again in August. So, thanks and have a nice sunny Wednesday, everybody.