Strong sales growth In the fourth quarter our organic growth accelerated to 6%, resulting in a strong organic sales growth of 5% for the full year. Acquired net growth was 3% during the quarter (2% for the full year). All divisions reported organic growth. The organic growth was very strong in Americas (14%) and Asia Pacific (11%), strong in Global Technologies (8%), while EMEA and Entrance Systems grew by 3% and 2% respectively. Key figures Net sales increased by 15% to SEK 23,167 M (20,109), with organic growth of 6% (5) and acquired net growth of 3% (3) Very strong sales growth in Americas and Asia Pacific. Strong growth for Global Technologies, good growth in EMEA and growth in Entrance Systems Five acquisitions have been signed with combined expected annual sales of about SEK 800 M A new manufacturing footprint program was launched at year-end. The total estimated cost amounts to around SEK 1,500 M with a pay-back time of less than three years Operating income 2) (EBIT) amounted to SEK 3,746 M (3,359), with an operating margin of 16.2% (16.7) Net income 2) amounted to SEK 2,588 M (2,385) Earnings per share 2) amounted to SEK 2.33 (2.15) Operating cash flow amounted to SEK 4,923 M (4,876) The Board of Directors proposes a dividend of SEK 3.50 (3.30) per share for 2018.