Our drive towards internationalisation, which received a further boost thanks to several new acquisitions, and our ongoing commitment to investments, proved to be the winning strategy once again in 2018. The Group consolidated its position and grew even more, in spite of it being a particularly challenging year influenced by various factors that had a negative effect on the overall performance of the global economy. Intensifying the internationalisation process protected us from the difficulties we encountered on individual markets and from even more complex phenomena such as turbulence in the exchange market, trade wars and the problem of import duties. We just need to think how Mapei’s revenue grew by more than 5% compared with 2017, which would have been more than 8% if we exclude the effect of exchange rates. We were further rewarded for choosing to consider the world as our reference market, which we are able to cover thanks to a capillary network of operating companies and production facilities. A network we have constructed over the years so our products can reach anyone, anywhere. Ever since we opened our first production facility outside Italy, in Canada in 1978, we have never stopped. And this will continue to be our priority. The fact that we are near to end users of Mapei materials and products has also been acknowledged and rewarded. Our businesses are localised in the countries where we sell our products and this is also a way of protecting our interests and having a competitive edge. Not even the possibility of American import duties being imposed frightens us: we sell almost one billion dollars’ worth of goods in North America, but it is all produced locally. At the moment the American market is expanding rapidly, but we have achieved positive results everywhere we operate; Western Europe (from Greece to Scandinavia), Eastern Europe and all over Asia. 2017 was a record year for investments, with a total of more than 110 million Euros. And in 2018 we certainly didn’t loosen our grip; as a matter of fact, we did even better: by the end of the year we had exceeded the record level of investments into new products and production activities to extend and enhance our product lines all around the world, but particularly in North America. In 2018 we invested around 151.6 million Euros. And in the future we will continue to respond to what is far from being an easy situation for the global economy, by constantly focusing on internationalisation and on our capacity to innovate and improve the sustainability of our products.