Thank you very much to both presenters.
I will point out that both were very extensive and went quite a bit over the time we expected. I'm going to limit the questioners to four minutes, and we will try to get through one round, with a choice at the end of the meeting as to whether to extend the meeting by a few minutes or to stop when we reach the end of the time.
I'm going to start with Mr. Stoffer. You have four minutes.