Okay. One more minute. Together with me, there is Antonio Baldassarra. Good afternoon. Here at DHH. Antonio, do we wait still one minute more, and then we start? Yes. Okay. As usual, we will start with our presentation, and then at the end of the presentation, we will answer all the questions that you may have. We got some questions by email at our address, investorrelations.dhh@dhh.international. If you want to ask for more questions, you can directly write them in the chat, or you can ask for speaking, and we'll let you speak, of course. Okay. There is still someone else who is joining us. Okay. One minute. At 3:35 P.M., we start. Okay. Antonio, we can start. I assume that everybody is watching the screen and the presentation in the proper way without problems. Okay. We can start commenting on the results of these first nine months of the year. Let's start with the comment on the main KPIs of our group. First of all, the revenue. We achieved a turnover of EUR 29.6 million. Speaking of the net sales, it represents a growth versus the same period of the last year of 10%. On the press release, you also find another number with a growth of 12%, which is referred to the total turnover, including also the other revenue, while this is related to the net sales. The recurring revenue amounted to 96%, so a very high level of recurring revenue. The EBITDA was EUR 10.4 million in these nine months, which represents a growth of 19%, with an EBITDA margin of 35%, a net profit of EUR 3.8 million, which marks a growth of 27%, and a net debt of EUR 7.2 million, with EUR 14.6 million in cash availability. A quick comment on the revenue and on the EBITDA, and in particular on the organic growth. The organic growth in the first nine months of the year was 6%, speaking of the revenue, while the organic growth of the EBITDA was 15%. In terms of organic growth of the revenue, if you follow us also in the previous quarters, you can see an acceleration in the sense that if we take only the third quarter of this year, the organic growth was 8%, while the quarter before, it was 4%. We will comment on this later on during this call. A quick look at the agenda. We will go deep dive into the corporate events of the period. Then, as always, revenue by region, revenue by segment, the EBITDA bridge, our strategy for capital allocation, business outlook, and then a recap about our journey. In terms of corporate events, here we are speaking only of the events that happened in the third quarter, not to mention the first couple of quarters that we already commented on in the previous earnings call. The meaningful event in Q3 was the acquisition of the 40% of Evolink, which is a company in which we already have the 60%. Right now, we own 100% of the business. The transaction value was EUR 2.25 million, which we paid in cash. In terms of evolution of the company, Evolink is our operator in Bulgaria, focused on cloud computing and on business connectivity mostly. The evolution of the leadership is along the same path of the journey as of today. The President will be Hristov and the CEO, Tsvonev. They have been confirmed in their roles because they have these roles also now. We are very happy about the company, which is one of the best performers in this 2025. Very happy about this deal. In terms of revenue by region, Italy is still the primary contributor, which is approximately 69% of the turnover of the group. We have the Balkans, where Croatia and Bulgaria, they have both a turnover, which represents around 8% of the total turnover of the group. Slovenia, the same, 8%. Switzerland, which is a sort of complement of the Italian market because we are speaking of the Italian part of Switzerland, accounts for 3%, while Serbia accounts for roughly 2% of the total turnover. In terms of revenue by region, Italy grew by almost 13%. Again, it's a confirmation of the role of the main market that we have. The growth in Italy was impacted also by the positive contribution of Teknonet, not in the three quarters, but only in Q2 and Q3. We had a growth in Bulgaria of 8%, a growth in Switzerland of 11%. In Serbia, we grew by 5%, by 6% in Slovenia, and by 2% in Croatia. In Croatia, we have to consider that we spun off some revenue, which was a sort of pass-through to certain customers. If we have a look at the organic growth of our main company, which is the hosting provider, it is mid-single digit, in line with the historical trend. Having a look at the revenue by segment, the main segment is cloud computing, accounting for 37% of the total turnover of the group. In cloud computing, we recorded a net sales of EUR 10.9 million. We have other two segments, which are two pillars of our group: business connectivity and cloud hosting. Business connectivity represents 24% of the total turnover and accounted for and w e recorded EUR 6.9 million in revenue, while cloud hosting accounts for 22% of the group turnover. We recorded the turnover revenue of EUR 6.6 million. Data center networking accounts for 9% of the total turnover and recorded EUR 2.7 million in revenue. We have managed IT services, which is also the segment in which we completed our acquisition in 2025, the acquisition of Teknonet, and accounts for 4% of our turnover with EUR 1.1 million. We have, of course, the other segment, all the rest of the turnover, which is 4%. It is the non-recurring part. If we have a look at the revenue by segment, we can observe that we have a positive growth in all the segments in the group. We had a growth of 3% in cloud computing, which is a good signal for us because we are recovering growth in this segment, mostly thanks to the performance of our AI infrastructure. Right now, we are not, I mean, disclosing yet the performances of the AI infrastructure business segment, but I think that in the next quarters, we will start communicating something more about this product family. We have cloud hosting, which grew by 5%, and business connectivity, which grew by 18% to EUR 6.9 million, but it was also impacted by the positive contribution of Teknonet, as well as managed IT, which grew by 86%, although on a very small scale, EUR 1.1 million. We have data center networking, which grew by 13%. Here in data center networking, we are not running the race of data centers for AI, but we can comment more later on this. In terms of EBITDA, here we have a look at the EBITDA bridge. As you can see, we passed from EUR 8.73 million of EBITDA in Q3 2024 to EUR 10.43 million in EBITDA in Q3 2025. We had a positive, of course, contribution of the net sales and of the other revenues. We had a positive contribution of material cost in the sense that raw materials decreased by 3% to EUR 2 million approximately. We had a growth in data center services of 8% and a growth to EUR 2.3 million, and a growth in network services to EUR 1.7 million. It was a growth of 27%. We have been impacted also by the acquisition that we did in these two costs. We had wholesale services and licenses, which grew by 10% to EUR 3.8 million. Personnel costs increased to EUR 5.8 million. It was an increase of 13%, while professional services increased to EUR 2.7 million, a growth of 10%. We had a decrease in, let's say that it is more or less stable, in the expenses for marketing and sales, which are at EUR 0.8 million. All in all, a good control on the different costs and on the cost structure. We can observe that we passed from an EBITDA margin of 33% to an EBITDA margin of 35% despite the acquisition of Teknonet, because, as you know, when we make an acquisition, we acquire companies that have a performance in terms of EBITDA margin, which is below the average of the group. One of our pillars for value creation is growing this company and expanding their margins to the level that we have in the group. In terms of capital allocation, we see that we have the tangible investments of EUR 1.29 million and intangible of EUR 400,000, basically. It is interesting to note that these costs are basically in line with the historical trend in the group. We had the right of use of EUR 2.54 million, also in line with the historical trend, while the big amount of our capital allocation was in the financial investments, which is M&A, mostly related to Teknonet, EUR 5.6 million, and the rest is related to Evolink. This is basically what drove our capital allocation in the first nine months of the year. Business outlook, we focus on consolidating the sustainable growth. Basically, we are very much focused on organic growth and the organic development of all our business segments. A good thing is that we start observing something substantial in the AI segment. Maybe this is related to the fact that in Southern Europe, things happen with some delay with respect to the U.S. and with respect to what we read on the newspapers. There was a lot of hype about AI in the last couple of years, but we start observing some real business, which is a good thing. We focus on organic growth and on margin discipline. Margin discipline is basically one of the key components of our management culture. We also focus on external growth opportunities, M&A, mostly in the segment of managed IT services and mostly in Italy, I would say, although we are exploring opportunities also in other markets. We have a very solid financial structure. Revenues are very diversified, so we do not have particular risks related to insolvency or revenue concentration. A quick reminder of our journey. This is basically the graph since the beginning of DHH. Amazing to remember that in the end, we are still a young kid as a company because we started the project 10 years ago. We focus a lot in terms of KPIs on the KPIs per share. Basically, we can observe that in these eight years as a public company, we grew our net sales per share by 155%. We grew our EBITDA per share by 816%, and we grew our net profit per share by 600%. Let us hope to go on in the same way. We are confident on this. Okay, I think that we can start with the Q&A session. I will maybe start by reading some questions that we got in the chat, but we also got some questions in the email. Okay, let's start from the chat. Giorgio Tavolini asks, okay, organic revenue growth is 10%. Yes, in Q3 it is 10%. Yes, it's correct, Giorgio. If we take a look at the total revenue, basically the organic part of the net sales of the revenue is 8% in Q3, as I said before. What drove the acceleration in the third quarter? Antonio, up to you. Yes. In the third quarter, there are basically two different events that are pushing up the revenue and then also the EBITDA and so on. The first one is not recurrent in the sense that we have some other revenue in Q3 that produces a positive effect. These two different revenues come from some prelitigation things that we had with some provider, with some supplier in the loop. Then we have obtained an amount of money as a restoration for preventing the litigation. This has created a little increase in the other revenue, as you can see with the data. The other very, very interesting part comes from a good effect in Q3 from Evolink in Bulgaria. Also, what I want to point the attention to is in the AI infrastructure services. Antonio, do you want me to share the chart? Oh, if you have a yes, that can be used. You have a picture? This is really interesting because, as you know, we have discussed about our effort in the AI infrastructure since years ago. As we represented in the past, the market not present a clear direction in this area. In the last month, as you can see, we started to observe a very, very interesting growth trend. In this picture, it is represented the variation of the revenue since 2023 when we started in proposing this kind of service to the market. The interesting point starts exactly after the Q2, across the Q2 and the Q3. As you can see, we have observed a very, very huge increase in revenue. What is very, very interesting for us is the trend. As you can see, there is the red line in which we represent the month, whole month growth trend that we are observing that is very, very interesting. In the last month, it is around 30%. That is very, very relevant. This was one of the drivers of the revenue increase and also marginality increase because our business model in the AI services is actually very, very well designed. We are able to provide this kind of service with a very, very high marginality. What we expect is that this trend will become much more solid in the next month. As you can see, it is very, very simple to see. We have observed a sort of starvation for many, many months. Actually, we see very, very directionality trend. This basically was what there is behind what we observed. I think that one other aspect that we need to consider is that Connesi continuing in a good trend in business connectivity is very, very interesting to observe that business connectivity follows a completely different trend compared with residential or retail part of the connectivity. The business part is maintaining a very, very sparkle trend, driven, I think, also by the new wave about the cloud services used in the company and also the AI part starts in a sort of role in this kind of growth related to the connectivity. Up to you, Nico. Thanks, Antonio. Giorgio asks also for the financial charges and taxes in the nine months. I can comment on this. Basically, we had financial expenses of around EUR 800,000 in the first nine months of 2025. We are in line with the same amount that we had in 2024. In terms of income taxes in the first nine months of 2025, they amounted to EUR 1.6 million. Okay. We had also some questions by Tommaso Martinacci. Tommaso asked about Teknonet, if there is some seasonality. Basically, he asks if the contribution of Teknonet amounted to EUR 1.7 million in revenue and EUR 400,000 in EBITDA. He asks about the development of this part of the business. I do not know, Antonio, if you want to comment on this. Yes, I can comment. We need to consider that in a different way from cloud or connectivity. In the case of Teknonet, there is a little reduction in the revenue in the summer months, summer period. Normally, the Q3 is a little under the average, while Q1, Q2, and Q4 more or less are linear, can be considered linear. The answer to the question is yes, but we need to consider that since we have analyzed only Q2 and Q3, and Q3 is the one with the best seasonality. I think that we can be absolutely confident to achieve a Q4 that is much more similar to the Q2 of the Teknonet. In this line, the point that we need to consider is that in the managed service provider business line, there are some kind of services that are not so recurrent, like for example, spot consultancy on service and so on. This kind of type of revenue is much more frequent in the heavy work skew like Q1, Q2, or Q4 rather than in Q3. Okay, thanks, Antonio. We can go on. Marco asks for some hints about new products that we are going to launch in the next few quarters. I do not know if you can disclose something about this. Yes. The very new product is the product that we already mentioned in the last call that is named Regolo. Regolo is an inference provider, basically. Actually, it's a side project of one of the companies in the group. Actually, it's a service more or less at zero revenue, zero revenue in the sense that we are providing the service for free in order to attract customers and users. Actually, this service has given a few less than 1,000 users. We plan in the next future to enter into normal commercial activity of Regolo. This is for sure one of the biggest innovations that we have created in the group. There are also other interesting works active in the group, like a new completely revamped cloud mail in the Balkans, especially in Slovenia. Also in the next month, we will have the same services in Croatia. In Croatia and in Slovenia, we have developed a new cloud service, basically a cloud stack. It's a sort of experimentation that we are doing in the Balkans. This is another relevant innovation for the next month. Besides this, we are expanding a lot the offering in GPU. Now we are active in Italy and in Croatia with the GPU service. We plan to expand in the next month this kind of service also in other countries. Giorgio asks about the MSP segment. He asks if you want to reinforce this area after the acquisition of Teknonet. I can already answer yes. As I said before, I mean, also in terms of M&A, we are looking for opportunities in this area because there is a lot of potential also of synergies with what we have in the rest of the group. Giorgio asks in particular if we are carrying out, if it's out of the low-value activities such as hardware and software reselling to improve the margins. He asks about basically what happened in Croatia where we spun off some revenue that were essentially passed through from certain customers. Okay, maybe we answered these questions and then this question, and then we go on with the others. Antonio, do you want to answer or do I answer? Yes, but regarding the MSP segment, starting from the hardware in particular. Yes. The MSP segment, there is a sort of physiologic aspect regarding the sales of hardware. In many cases, these are specialized hardware like firewall or like storage. It's not simple notebook or workstation or something like that. The part of the hardware that we sell normally is much more related to networking or to security. The question is very, very interesting since the marginality that we have in this commercial trade is very, very low. In many cases, this is a sort of necessary bad thing for maintaining active the MSP business. What we are doing actually is expand the part of the service proposed by the MSP now is Teknonet that are able to produce much higher marginality. The idea is in the short time is to maintain the commercial trade of the hardware, but try to stress a lot the service that we are around this, pointing the attention to the fact that this kind of additional service must be recurrent, must be based on subscriptions, and so on. In the second phase, but we are reasoning about next year, our plan is to try to change the approach regarding the hardware, moving from normal sale of this hardware to a sort of lease. In Teknonet, this is already existent in the sense that some hardware is not purchased by the customer, but is leased together with other services. At the end, this is the strategy that we plan to follow. Antonio, Giorgio asks about the margin improvement, and he asks if it is linked to cost synergies from the integration of the companies that we acquired. Yes, in the sense that there is some cross-company activity, especially in products that can be proposed to the customer among some companies in Italy and also in the Balkans, in the sense that there are sort of cross utilization of service between different companies. This is for sure a part of the success in margin improvement. The other relevant part, honestly, is in the normal improvement process that we put in place after the acquisition. For example, we are really proud to observe the data of Evolink that in the last, at now, is much more than one year. Evolink started to present a very, very good trend in marginality, in company efficiency, and also in ability to grow. This is one we at the end, we observe this in terms of consolidation, but we are really proud to see that some companies that in the past showed some kind of difficulties, now they have a real good trend in marginality in improving theirself. I want to mention, for example, Evolink, but also Connesi, but also Artera in Switzerland, companies that now more or less start aligning themselves in the average of the marginality and the efficiency that we expect in the group. Yes, there is a sort of mix of sources of this. Synergies is one of these aspects, but it's not the only. I was reading also the questions that we got by email from Stefano Lustig and Eduardo Luni, but I think that we answered in this presentation. This is why I didn't highlight them. If you think, Stefano, Eduardo, that something is missing, just write down in the chat. Excuse me, Nico. Excuse me, Nico. I think there was a question about, I think, Stefano Lustig about the sustainability of the percentage of the margins. Okay. This is an interesting question because what we have observed in the last two or three quarters was a sort of different things in the reside of the EBITDA intensity in the sense that from one side, we observed, for example, some service cancellation in some companies in the group following the M&A of customers and so on. This created a little reduction, obviously, of the percentage of EBITDA. On the other side, we have observed the increase in efficiency. We have a lot of increasing in efficiency in Evolink, in Connesi, and we hope also in other companies. This effect moved the average to the upper. This is the normal effect that we observe in DHH in the sense that now we have a very, very good marginality, but probably in the future, for the effect of acquisition, we will reduce a little the EBITDA intensity in the sense of the percentage of the EBITDA. We will start working on the efficiency and so on and so on, and we will be able to regain the marginality. Because, for example, if you take a look to Teknonet as a sole company, the EBITDA intensity is under 35%. It is one of the components that reduces the average. What we expect is to improve this amount in Teknonet, but also in other companies in the group that actually are below the average in order to, we hope, maintain, but also increase this amount of marginality. The point is that we need to consider this in a sort of middle terms, not long term, but middle terms. Because in the short terms, what we expect is a sort of oscillation mainly by the effect of M&A, but also by the effect of some things that we do internally in the group, like, for example, we have discussed before about the new service of a new product on which we are working. As you know, if you are doing a lot of effort in creating a new product, creating a new revenue stream, and so on, in this case, the efficiency of the company involved in this reduces a little in the sense that you cannot have in the same moment a cash cow and another company that develops a lot. What we observe is a sort of moving among these two limits. Excuse me, but I think that is an important argument too. Yeah, good. There is another question about private cloud. Marco asks if the revenues that we are generating in the AI infrastructure as a service segment are also related to private cloud. No, no. We consider differently private cloud together with private AI. For us, these are two different families. What we expect to do in the future is to present in a separate way the revenue that comes from the AI infrastructure families. In the AI infrastructure family, actually, there are only servers with GPU for us. Private cloud actually is a little different product for us in the sense that there are sort of silos of cloud dedicated for only one customer. We have this kind of service in Bulgaria versus in Italy. We consider the AI infrastructure a different family of product, and we name it private AI that is different from generic private cloud. We have another question about, okay, the sustainability of the margins, but we already answered to this. There is also a question about the effect of M&A operations on our margins. Maybe, Antonio, start with the answer, and then I'll let you comment and complement on this. Basically, when we acquire a company, one of the drivers of the acquisition, financially speaking, is that we acquire companies that we believe are good companies and companies that have a potential for growing the business. We also acquire companies in which we see the opportunity for margin expansion. For sure, when we make an acquisition, the newly acquired company balances down our EBITDA margin as a group. What we observe in our history is that there is a strong acceleration in the EBITDA margin of the companies that we acquire. It is a kind of temporary effect. In general, it is a kind of temporary effect which is not very visible at the consolidated statement, mostly because we execute M&A deals that have an impact on our numbers, but that are not transformative. This kind of effect related to their EBITDA on our numbers is not something that impacts in a meaningful way our group marginality. This is the answer. Antonio Michele asks about goals in terms of diversification strategy related to revenues diversification. Do we have some specific goals on this? No, we do not have specific goals in terms of fixed number that we want to reach. We do not have, honestly, this. What we are doing is to have a good mix about diversification because for us, it's already diversification, the cloud, the hosting, the business connectivity, and MSP. For us, it's diversification. What we want to do is try to balance these different families of products that we propose to the market, but with an idea to obtain a sort of cross-training to the market about this different technology. The answer is that we don't have a precise number as a goal, but what we want to achieve is a sort of, I don't know, gold ratio between the different families of products that we offer in order to maintain as high as possible the marginality. Okay. We have another question about cash generation in the sense that Michele asks how we are seeking to balance organic CapEx and M&A investments. Here, I can answer in the sense that in terms of organic capex, basically, they are always at the same level, more or less. We do not have meaningful changes. If you have a look at our historical level, we are on track. In terms of the cash that we generate, we mostly use it for M&A. Maybe Michele asks about Regolo. If we can expand more on Regolo, the addressable market, the pricing, the technology. A few words on the previous argument that you mentioned in the sense that we are totally self-sustainable from the point of view of the capex that we need for the business as usual. In the sense that it is very, very simple to see that the capex percentage that our business requires is totally covered several times by operating cash generation. The capex that we need to reason is the capex that we need for M&A or the capex that we will need in the future, I don't know, for a huge expansion of the infrastructure, for example, to follow a sort of market spike that we expect in AI or so on. In this case, it makes sense to consider the topic of the capex. With normal business, we are very, very strongly covered with operational cash flow. Regarding the Regolo, I see that I recommend to who of you can be interested to take a look at the website that is Regolo.ai. The market is not well defined now, but very, very huge in the sense that it is the market of who develops applications or does integration from AI to general purpose applications and the type of customers that want to use a very, very simple way for using generative artificial intelligence. Actually, basically, there are two different ways for this. The first one is the hard and pure way in the sense to develop a model, buy the GPUs, use the GPU service, and create the personal stack of the artificial intelligence. Another aspect is use directly OpenAI, for example. You can decide to develop an application or integrate an application that you already have starting from OpenAI. In this case, you need to use the model that OpenAI provides to you. The third approach is the new inference provider that puts you in the condition to use different LLM models. Now, there are thousands of LLMs available in the market. Many of them are open weight in the sense that they are basically a sort of open source of the AI. Others are commercial that you can buy and you can use in a very, very exclusive way. You can do this using an inference provider like Regolo. Actually, Regolo is able to serve only open-weight LLMs like Llama, Qwen, DeepSeek, GPT, and similar. In the next month, it will be possible to use Regolo for commercial LLMs that the customer can buy and put in the system or private language models that the customer can develop itself and put in the system. Actually, this is a very, very sparkle market. There are not many players at worldwide level. The much more relevant one, if you are interested in this business, is named Replicate. Replicate is one company from Silicon Valley that is very, very active in this way. Replicate is also very, very similar to the Regolo. Regarding the pricing of the inference provider, actually, there is a sort of debate about what will be the right pricing model for this kind of services. Actually, in Regolo, we are following the proposition of OpenAI that basically creates a pricing method referring to the amount of tokens produced or absorbed by the AI. This is one of the possible models. We are working also in a different approach that is not more based on the number of tokens, but is based on the usage amount of usage in terms of hours of usage and density in request. In this way, we will be able to offer a sort of much more flat pricing for different levels because the pure pay-as-you-use in terms of tokens is not well understandable by the customers. Probably in the future, when we will provide the private model, we will provide the private model with a sort of flat plan from the point of view of the pricing. It is a very, very exciting moment because there is a lot of dynamicity about this kind of proposals. I think that actually the Replicate one probably is one of the best services that exist at worldwide level. As you can see, actually, we are proposing Regolo only in English language because if you limit Regolo in a single country, actually, the amount of adopters is very, very low, while we have experienced that it's best in this phase to maintain open the product worldwide. Okay. Thanks. We have another question about organic growth. If we expect to be stable at 8% in Q4 and basically in 2026, or if it was limited to Q3. First of all, just a generic comment on this. We are not celebrating as a success the 8% organic growth. It's not that we are here happy because we reached 8%. We hope to do also better than this. We are not, let's say, satisfied as a mood internally. Antonio, up to you to comment on this. No, no. I agree completely with you. First of all, the trend of the AI, we do not expect that will be limited to Q3, but we are, I think, totally confident that we are at the beginning of a solid trend for the future. Regarding the 8%, you have already discussed about this. It is a positive number, but it is not a very, very happy moment for us in the sense that we know that we are able to do a better result. We are working on this. Yeah. As for the GPU, what is the marginality? And if we have expectation, what are the kind of clients? Antonio, up to you. No, actually, the marginality of the GPU business for us is good. As you can see, this is interesting to observe that our list price for the GPU service is a lot lower than the price that comes from ABS, Azure, and so on. This is more or less in the area of the price, in the upper side of the area of the service provided by what now we name it as Neocloud. There are some newcomers in this business, named Neocloud, that are strongly specialized in this. We are more or less in this area as a price for the service. The marginality of this kind of service for us is very, very good, more or less in line with the marginality of the cloud computing, in some cases even best. We have a strong expectation that this kind of market will grow. Which are the type of the customer? Actually, the type of the customer are very, very various. For sure, the most interesting part comes for us from the pharma sector. Actually, the pharma sector is very, very active in investing in this area of the GPUs. We start to see also the much more general purpose services like web charts or some similar usage in support in CRM. For example, we have a couple of customers that started integration of the generative AI in CRM for creating automatic answers or suggestions to the operators and something like that. It's a very, very challenged moment in which we are, and I expect to be able in the next future to be more precise, to show you some relevant and interesting data about. There is another question about Neocloud. No, two questions. Michele asks about Neocloud and if we can expand how we are present here. Giorgio asks for an update about the clients in the automotive sector. Yes. Regarding the Neocloud, yes, there is a lot of literature actually on Neocloud. I think there is a very, very interesting article on Financial Times a couple of weeks ago. I do not remember. I am not able now to search it, but if you, if Michele wants, we can share after by email. I do not know, Nico, if you have the email of Michele, but. Yeah, I think we have this. Yeah, we can share the article. The question of the Neocloud at the end is very, very simple in the sense that there are some big players recognized as the leader of the cloud market worldwide. They are the hyperscalers, basically Amazon, Azure, Microsoft Azure, and Google Cloud. These are recognized as the leaders. After the starting of the GPU phenomena, other brands rise up. Probably the most famous one is CoreWeave. CoreWeave is very, very famous because they entered in an agreement, in a strong agreement with Nvidia for a billion and billion and billion. CoreWeave is probably an example of the Neocloud in the sense that they never existed before 2022. There are a lot of others like Lambda Labs, like Paper, I don't remember, Papermate, something like that. We are mentioned among we, in the sense of the company of DHH, are mentioned among the Neocloud. We entered in this sort of short list a couple of years ago. I remember that at that time, we were a list of 15 players worldwide. Basically, these are named the Neocloud. Some analysts put us in this area. Honestly, I don't know if this is the right place for us, but we have reported what the analyst presented about this information. I see another question regarding the. Yeah, yeah, exactly. Okay. I think that the negative effect more or less has reached the floor level in the sense that we do not expect other negative things because if it will be, this will mean that the automotive sector has been totally destroyed in Europe. Honestly, my high hope is that we have reached the minimum level. What has impacted us in the last time comes from some M&A that involved the customer, that basically some customer has been bought by others, then consolidated the infrastructure. Actually, the automotive is in a sort of stable situation, but from our point of view, if you consider 100, the level of the automotive as customer five years ago, now we are less than half. We have dropped very, very many customers. Not dropped, but reduced in amount of revenue from many, many customers. What we expect is that we basically have reached the baseline. Thanks, Antonio. We do not have new questions. I have questions for all the folks that are here. I ask you to name the title of this song if you listen. I mean, at least one of you, just to see if you are awake first. If you can tell us what is the title of this song. Okay, Michele is very fast. It is, yes, Satisfaction by Rolling Stones. Why? It is very simple because if you have a look at our results in these first nine months, you can see good growth on the revenue, on the EBITDA, on the net profit. In Q3, we accelerated. There is the strong, I mean, good news about AI, and we are, I mean, developing good things here. As all the shareholders who follow DHH since years know in a good way, we always ask to bet on our dissatisfaction, not on our satisfaction. Despite these, I mean, good results or good moments, as I said, we are not satisfied. We are working hard to do more and also to improve these kinds of results that we achieved in the first nine months of this year. Happy that the wind, I mean, changed, that we recovered some growth, but not satisfied. We ask you to do the same. If you are shareholders, to bet on our dissatisfaction. Thank you very much. Let's keep in touch in the next month with our news. Good afternoon to everybody. Bye. Bye-bye.