Net capex spend increased by 41% year-on-year to €495m in FY 2021 compared to €350m in FY 2020, representing 7.4% of Group's revenues vs. 6.4% in FY 2020. Eurofins, taking advantage of its strong cash flow generation, made significant investments this year geared towards long-term growth. The Group bought a large number of strategic sites often with land reserves for future extensions to continue to reduce dependence on third party landlords while providing ample space to further expand its laboratory footprint. Significant investment made in IT to continue to improve digitalisation to offer best-in-class service levels to our customers, as well as investment in IT security infrastructure. In spite of these large investments, Free Cash Flow to the Firm increased significantly by 16% to €1,015m vs. €873m for FY 2020.