So, I think that we have a very good carryover. We were able to move these prices globally according to our plan and reorganize the plans as inflation was above what was originally planned. We see majority of the markets holding well, and we know that beer is a resilient category, it’s not immune to inflation and everything that happens, but it’s very resilient. I think that throughout the year, as you see salaries increasing and each and every country has a different agenda for that, right, from March, April, May, in some of the Latin American countries to more middle of the year in North America, in China, we will see their purchasing power coming back. And I think that the balance of volume and price would be very positive. On a relativity basis, historically, we see that the relativity is holding.
And in this very high inflation, high input costs the relativity tends to be good across the markets. We monitor this, of course, because we have to balance the prices that we have, the penetration of our brands and how the category is responding on a market to market. Too early to call more details. I hope that my answer was helpful to you. And I’m sure that we’ll be talking more about that as we go to quarter one to quarter two and then with much more details and information in our hands.
Rob Ottenstein: Great. Thank you. And then Fernando, I just want to push you a little bit on the capital allocation and this idea of the dynamic capital allocation. As you get to three turns and head towards, I think, the long-term goal of two turns, it’s striking to me that where the stock is valued today is on a multiple that is well below kind of transactions that everybody has done in the beer industry for the slowest growing businesses. And if you even put a multiple on your consensus estimates for EBITDA for €˜24 at the lowest valued kind of international transactions, you get a stock price of $100 or more. So it just seems remarkably cheap. I know you expect it to go higher as you delever. But if this disconnect continues, how do you think about the possibility of buying back stock when you get to three turns or less? And that’s something you haven’t historically done, but it’s a new world, and love to get your thoughts on that.
Fernando Tennenbaum: Hi Rob, thanks. It’s a good question, a long question, but a good question. I feel that we go back to the dynamic capital allocation, and what is the main goal of dynamic capital allocation. The main goal is to create value. That’s we’re aiming for at the end of the day. And in different moments of time, you are going to wait all the benefits of each one of the options. You mentioned buybacks. You are going to — of course, you have your model to see the value of ABI share. We have our own model. We’re going to always see the increased IRR versus the IRR of deleveraging versus the IRR of paying dividends versus the IRR of any M&A projects. And we are going to look at every moment in time, which composition is the one that maximizes value for ABI.
So, I think — I don’t have much more to share because I cannot give any guidance, but you can be assured that in any given moment in time, we’re going to be assessing all the different alternatives and seek the ones that maximize value.
Operator: The next question is coming from the line of Olivier Nicolai with Goldman Sachs.
