One of the keys to our success in this dynamic industry is a strong global brand. And it is an essential element for achieving our strategic goal of innovative leadership in our core business. Kaba makes continuous targeted investments in its brand. Recently, with the new brand design which launched on 15 April 2015 and will be implemented worldwide until the end of 2015. We pursue a consistent single-brand strategy, which makes us one of the best known and most valuable brands in our core markets – even beyond our industry.