 Good morning and very glad to be here and give you the industry view of this Horizon 2020 and what we can create here in Europe. I'm coming from Kone. Kone is a Finnish company but globally based and we have our research center all over the world. Europe is the main but of course we have also Asian R&D centers and as mentioned before innovation is coming as well from there. We have a vision in Kone. Our vision is to provide best people flow and I will try with my presentation to link this vision with what Europe could play and where Europe could play a big role in this vision. This percentage represents the total volume of elevator escalator that are today present in the world. So we have around 11 million of equipment in the world and 51% are based in Europe. Clearly North America, South America and as well Asia are playing a big role into the growing but the base of our equipment is in Europe. Some predecessor here mentioned about the society changes. What we are looking as a mega trend are very clearly linked and we have aging population, we have safety, safety that need to grow and there is a need of safety and of course efficiency, sustainability. How we can turn this into a renewal of our industry. Kone is known as an industry leading company and recognized for its innovations. As said mentioned before Kone is committed to offer innovation through people flow and solution to make this traveling between building possible and in a smooth way. I have put here a short timeline that is starting in 96. Why 96? 96 is the date when Kone introduced and revolutionized this industry introducing a completely new concept in the industry. I'm not now going into the details of the innovation but why I want to put all the innovation here in this timeline up to today is because most of those innovations are related to modernization. Modernization is something that we can boost based on what I show before and based on the picture that I mentioned before 51% of equipment are based in Europe and based on the fact that we need to improve eco-efficiency, we need to create safety more and more than what it was before and we have this mega trend of aging population. This is going to boost this industry specifically in Europe because modernization, replacement of all the equipment is creating this demand. What is the way of innovation and ideas that we see from our perspective? What I'm here mentioning as a past is nothing related to that need to be changed or whipped out. This is a base where we are building our future and we are having in the past innovation contest patenting it's still a very high level activity, basic research something that we cannot avoid, we need researcher and the networking was in for like with external world was limited with selected partner and most probably in the vicinity industry. What we are going in the future and what we are doing already is that innovation should come through partner, customer and something that is very typical for us is users. Many of you, most probably everybody of you using elevator escalator and as well building doors, coming into building this one and that is where we can capture the innovation. Specifically in the country where these mega trend are boosting the needs. Open innovation it's something that we are using very much in these days and with external work with other companies. We have been discussing here earlier about aviation. We are moving people as well and we can see a lot of synergies. I put here an example as a PHEMEC that is a consortium happening in Finland where we can have all the different companies creating innovation. We are also together with the academic world building this innovation labs. Innovation labs is something that we truly need because in these labs we can experience our users feedback and inputs. Idea generation is something that is happening everywhere and internally external of our industry and our own fields. I have listed the way how to make this happen. How to create these future innovations. We need structural changes and to create these structural changes we need to cluster and create a right partner or partnership during the all innovation phases. We know the true innovation we have different phases and starting from the basic research to the development of products and to the industrialization. Through the different phases we can create a different partnership and get the best out of this partnership. I have seen mention also several times the speed. Speed is something that is needed not to make things faster but to increase the speed of what we are doing. We know that the world is changing. The needs of creating new solutions is very high in the agenda of everybody. So the speed to make the changes and to create the strengths and to answer to the strengths is something very important. We need to faster and widely create this partnership. It's something that in Kone we truly believe that this is the way. How we are building and how we are creating the understanding of these people flow. How a company can contribute successfully to urban development and when I was saying before with customer and user it's really it's really the way that we are able to create this urban development. Urban means all the cities urbanization needs as well in Europe even if the industry of construction is not in the boosting phase. We have a lot of infrastructure that are renewed. A lot of public buildings that are changing the usage. So these people flow is something that could really create something different and something that could boost our industry more. Understanding the cycle of buildings. Buildings are changing. Building need to be renewed. Building have different needs during their life and this is something that need to be understood together with public sector together with investors. Understanding our customer challenges. It's not something that we can build alone but we need to understand the challenges of our customer and help those challenges to be answered. In technology our approach is related to people flow and everything that we are doing guides are there. As I mentioned and summarizing collaborating closely with customer, user and partners enable customer and user driven innovation. Creating the best available elevator escalator and automatic building door technology as a foundation of innovation people flow solution. Utilizing the last technology and this is something very important here together with efficient process and state of the art together with partnering together with university together with institutes and together with public funding. This is enabling us to boost this industry specifically in Europe. Kone is manufacturing the products together with our partner and we strongly believe that the manufacturing of people flow solution is something that could be beneficial for Europe as well. How I want to summarize in my last slide how we are creating this boosting in our industry. We need to know what we are looking for and we can show our interest of emerging needs. We need to have more idea, we need to have more mind and we need to have different mind. This diversified boosting it's very important. We need to work with all the industry with all the possible customer needs and with public. We need to change the perspective. That is something that will always boost our industry. We need to change our perspective. We do not have to look our product as product but we need to look our product as a solution and how those solutions are enabling our industry boosting. One important thing is that to create this we need talents and talents that are available to work with this kind of solutions and with this kind of vision. So this is my way of seeing these people flow boosting in European contest.