Net sales from trading in European logs and sawn timber amounted to EUR 4.0 million, double the net sales in the same period of the previous year (EUR 2.0 million). The EBITDA margin was 13.1% (previous year: 7.9%). The price level of European logs and sawn timber has recovered, and we were able to further increase our activities in this sector. Inventory in the Netherlands was increased slightly in view of seasonal demand in Europe.