2014 was a difficult year for Eberspächer. Whereas revenue increased significantly, earnings decreased considerably, contrary to expectations. The above-average growth is primarily due to our leading position in the European and US markets for commercial vehicle exhaust technology. The decrease in earnings was mainly caused by problems with efficiency at two locations in the Exhaust Technology division for which we have already implemented corresponding countermeasures. We expect an increase in earnings and further significant revenue growth in 2015 and beyond.