The TV market is huge as consumers often buy a new and more stylish TV before the old one has died. But who has ever bought a second or third washing machine?

Revenue was higher than expected but a number of charges distort the picture. Still, if you exclude that, the numbers are better than expected. The guidance for growth in general is good.

Today’s surprise is not enough to warrant a substantially higher valuation.

The secret is that they have far less competition.

The short-term effect is likely to be negative. This type of issue costs management time, leads to sizeable costs of lawyers and creates uncertainty.

We believe that it will put pressure on the share price in the near term.

Investors were rattled by this, but there was really no news that justified a drop of this magnitude.