In 2020, we expect like-for-like to im- prove further as we continue our turna- round. We will build on the current mo- mentum of our commercial initiatives and keep focus on improving brand relevance. We will continue to reduce costs and upgrade our product devel- opment process and organisational ca- pabilities. We are happy to push on with these plans together as a team and on behalf of the Board, we would like to ex- tend appreciation to the previous Chair, Peder Tuborgh, for his dedication and contribution to the company over the past five years.