If we compare to the same period of last year, we had — last year, we reported EUR1 million, and now we are at EUR1.6 million. This is given the fact that the interest rates more than doubled, it means that we did work to have a selective adoption of usage of our lines and our credit facilities and our securitization. But as we discussed in [indiscernible], this is not a target. Of course, we will keep looking in our — any possibility to improve our working capital and to go towards a self-financed that is needed in this period and to provide more cash for the investments that, once again, we repeat is more focused on the retail side and on the growth.
Antonio Achille: Okay. Thank you, Carlo and of course, this is turning quite detail discussion. But I think we will be also – to focus our strategic course really to remind as David helped us priority number one, which is one retail expansion. I will put almost the same level at least in the short term. Priority two, which is reducing our SGA. And we will keep reporting on those two priorities in the follow-up conversation we will have during our next quarter review or intermediate press release. Kevin, maybe you want to, again, pull the audience to see if there is any emerging curiosity or question.
Operator: Certainly. [Operator Instructions] We do have a follow-up from David Kanen, who’s line is now alive, sir.
David Kanen: Quick question, given the mix now and that will continue a branded product, hypothetically at EUR100 million per quarter in revenues, is it reasonable to assume with the initiatives that we’ve already taken that gross margin would get up to around 40% or better. And this question is the first for Silvestri. Thank you.
Carlo Silvestri: Thank you. I think your assumption is directionally right.
David Kanen: Okay. Thank you, guys. Good luck.
Antonio Achille: Thank you. Thank you very much.
Operator: I’ll turn the floor back over to you, Antonio.
Antonio Achille: Yeah. Thank you, Kevin. Once again, thank you all for being so attentive following our story. We have high confidence in what we represent, which is an incredible brand, an incredible potential given the strength of our brand. We are very sure we’re going to be whether this difficult circumstance emerging stronger from a positive financial standpoint. I might suggest Piero to reach out to Kevin and now can technically can be done to serve you and to capture interest for a follow-up conversation of retail. So once we have — who are interested, of course, we’re going to be making this public, but we are sure to reach you. So we can organize another conversation on retail in the following week without waiting for the next press release.
Other than that, I wish you a great start in the week. Of course, as a servant to the company, I’ll stay at your disposal, if you wish to have a follow-up conversation in respect, of course, of our public company status. Thank you so much, and have a wonderful day.
Operator: That does conclude today’s webcast. You may now disconnect. That a wonderful day. We thank you for your participation today.
Antonio Achille: Thank you, all.
