Net sales from trading in European logs and sawn timber amounted to EUR 2.0 million, representing an increase of 42.5% (previous year: EUR 1.4 million). The EBITDA margin was 7.9% (previous year: –7.6%). The price level of European logs and sawn timber recovered after the collapse in the previous year, and we were again able to increase our activities in this sector. Inventory in the Netherlands was increased slightly in view of seasonal demand in Europe.