This morning I had the pleasure to meet and to talk to Thierry Stern, the President of Patek Philippe. As you know Patek Philippe is a family owned company based in Geneva. I invite you to listen to the interview. We talk about Patek Philippe in general, the watches and Thierry even unveiled some numbers about production quantity and point-of-sales for me. Patek Philippe meanwhile makes more than 1 Billion Swiss Francs turnover and ranks among the seven Swiss watchmaking companies achieving such a turn over.