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Bundesverband Technik

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uuid0036k3d

Namestring
Bundesverband Technik
Legal namestring
Bundesverband Technik des Einzelhandels e.V. (BVT)
Websiteurl
bvt-ev.de
Company typeenum
Private
Founded yearstring
-
Descriptiontext

Bundesverband Technik des Einzelhandels e.V. (BVT), also known as Handelsverband Technik, is the German non-profit trade association that represents the political and professional interests of technology-oriented specialist retail. The organization is headquartered in Köln at An Lyskirchen 14, registered in the Vereinsregister Cologne as VR 5174, and is affiliated with the broader Handelsverband Deutschland (HDE). BVT represents approximately 19,000 retail companies operating 23,000 business locations and employing 100,000 people across consumer electronics, mobile and telecommunications, IT, photo/imaging, household appliances, kitchen, and lighting sectors serving a domestic German market valued at an estimated 76 billion EUR in 2025.

BVT's core product set consists of publications and market intelligence rather than software. The portfolio includes the hitec Magazin (official trade magazine, also available as PDF), hitec news (an email newsletter published 25 times per year at 89 EUR plus VAT annual subscription), BVT Chef-Info (an exclusive weekly member briefing for executives), and the HEMIX market development index tracking sector turnover. The association also coordinates the TOP 10 Technik annual award program and partners with major industry events such as IFA Berlin, gamescom, and Trend + Technik. Its website (bvt-ev.de) and hitec-magazin.de portal host more than 21,000 news items; the news portal reported 56,480 monthly visitors historically. Distribution occurs through direct membership, regional associations (Landesverbände), and cooperative groups (Kooperationen).

The business model is membership-funded, with a modest disclosed pricing line for hitec news subscriptions and additional recurring revenue from publication sales, market data subscriptions, and event-related partnerships. Government-style policy advocacy is central: BVT actively engages in EU and German regulatory processes, notably the Right to Repair directive implementation and the BSI Act/NIS 2 cybersecurity framework. The governance structure combines an honorary board of industry entrepreneurs chaired by Frank Schipper, with paid managing directors (Steffen Kahnt, Franziska Köster, Joachim Dünk elmann) and a small internal staff of 1-10 people.

Short descriptiontext

Bundesverband Technik des Einzelhandels (BVT) is the German non-profit trade association representing ~19,000 technical retail companies across consumer electronics, mobile/telecom, IT, and household appliances, providing policy advocacy, industry publications, and the HEMIX market index.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1–10
akta.pro rankint
HeadquartersKöln, Germany
HQ citystring
Köln
HQ countrystring
Germany
HQ regionstring
Europe
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
technical retail trade, trade association services, industry advocacy, market research publications, member networking
Industry2 codes
PRIMARYMPAAADAC
Technology & B2B PR
Media, Entertainment & Sports/Advertising, Marketing & PR Services/Public Relations & Communications Agencies
SECONDARYCRAEAEAD
Retailer & Small-Store Supply (C-Store, Mini-Mart, Independent Retail)
Consumer Products & Retail/Discount, Club & Value Retail/Cash & Carry / Wholesale Clubs (B2B & B2B2C)
NAICS code1 code
  • Professional Organizations81392
Product category
Industry Trade Association
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model3 records
1Membership Fees
TypeSubscription Recurring
Description

BVT generates revenue primarily through membership fees from retail companies and trade organizations in the German technical retail sector. The association represents approximately 19,000 member retail companies with 23,000 business locations.

bvt-ev.de
2Publication Sales
TypeSubscription Recurring
Description

Revenue from selling publications including hitec news (89 EUR per year plus VAT, 25 issues annually) and potentially other industry publications. BVT Chef-Info is an exclusive member service provided to registered members of the retail organization.

3hitec Magazine
TypeSubscription Recurring
Description

Official magazine of the association for home and consumer electronics trade. Published regularly with current editions available for download.

bvt-ev.de
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components3 values
Personnel, Operations, Marketing or Sales
Pricing details1 tier
1hitec news annual subscription
ModelSubscriptionBilling cadenceAnnual
Notes

89 EUR per year plus VAT, 25 issues per year delivered via email

GTM typeB2B
B2B
Offering typeServices
Services
Brand1 of 4 records shown
1hitec Magazin
Description

Official trade magazine for home and consumer electronics, published by BVT

bvt-ev.de
+3 more records
Core offering1 text field

Bundesverband Technik (BVT) is the German federal trade association for technical retail trade (Technischer Fachhandel), representing the interests of its member companies, regional associations, and cooperative groups before political, economic, and social decision-makers. The association delivers industry publications (hitec Magazin, hitec news), market data (HEMIX), member information services (BVT Chef-Info), and industry awards (TOP 10 Technik) to support the technical retail sector in Germany.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • Represents 19,000 retail companies with 23,000 locations and 100,000 employees
Product overview1 text field

Bundesverband Technik des Einzelhandels (BVT) is a trade association representing German technology retail, not a product company with a unified platform. Its offerings consist of three main publication products: the hitec Magazin (print magazine with PDF editions), hitec news (email newsletter published 25x/year), and BVT Chef-Info (exclusive weekly member briefing). Additionally, BVT publishes market research through the HEMIX (Handelsentwicklungsindex) market development index and coordinates the TOP 10 Technik annual product award program. These publications and research tools serve to inform and connect members of the technical retail sector.

Product and service1 record
1hitec Magazin
Scale indicator8 records

Each record includes

Type, Value, Description, Source

Partnership8 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-10-20
Description

IFH Köln conducted market research on Right to Repair in partnership with BVT and Wertgarantie. The study surveyed 4,131 consumers, 164 specialty retailers, 20 manufacturers, and 6 replacement parts companies. IFH Köln provides market research and consulting for retail-relevant questions.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Wertgarantie is a specialty insurer and trade partner (Fachhandelspartner) that collaborated with BVT on the Right to Repair market analysis. They offer warranty and insurance solutions for consumer electronics, bicycles, and smart home systems.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

BVT is affiliated with (angeschlossen) the German Retail Association (HDE), representing the broader retail sector interests including economic policy and consumer affairs.

Strategic tierCoreTypeChannel Partner/ Reseller/ Distributor
Description

Regional member organizations that distribute BVT publications and services to retail companies in their respective regions.

Strategic tierCoreTypeChannel Partner/ Reseller/ Distributor
Description

Cooperative retail groups affiliated with BVT that participate in the organization's network and receive industry services.

Strategic tierMinorTypeGTM or Marketing Partner
Description

Trade show and exhibition companies partnering with BVT for events like IFA Berlin, gamescom, and Trend + Technik.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

Supporting organizations and industry supporters in the BVT partner network.

8Branchenmedien (Industry Media)
Strategic tierMinorTypeGTM or Marketing Partner
Description

Industry media partners including hitec-magazin.de that distribute BVT content and news to the technical retail sector.

bvt-ev.de
Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
1Bundesverband Möbel- und Einrichtungs­handel (Verband Deutscher Möbelhandel)
TypeDirect peer
Description

Trade association for the German furniture and furnishing retail sector. Directly comparable model — specialist retail advocacy, market data, and industry publications — and its members include kitchen retailers that overlap with BVT's kitchen technology category.

TypeDirect peer
Description

Germany's largest digital industry trade association covering IT, telecommunications, and consumer technology. Comparable membership-advocacy-publication model with overlapping IT/consumer-tech retail member categories, particularly relevant for BVT's IT and mobile/telecom retail constituents.

TypeRegional player
Description

US-based trade association for the consumer technology industry and operator of CES. Near-exact functional peer (advocacy, market data, events, awards) but serving North America rather than Germany, and operating at substantially larger scale.

TypeBroad incumbent
Description

BVT's direct parent/umbrella organization representing the entire German retail sector. Operates the same membership-advocacy-publication model but at a broader retail level; BVT is structurally affiliated with HDE, making it the closest reference point for BVT's operating model and scale.

5BHB (Bundesverband Heimwerker-, Bau- und Gartenfachmärkte)
TypeDirect peer
Description

Trade association for German DIY, building, and garden specialty retail. Highly comparable structure — association-level advocacy, market data, publications, and events for German specialty retailers — though serving the DIY/building vertical rather than consumer electronics.

TypeDirect peer
Description

German e-commerce and mail-order trade association. Represents a parallel retail trade body with similar advocacy, market data, and publishing functions, addressing the digital and distance-selling channels that increasingly compete with BVT's specialist retail members.

TypeOthers
Description

Operator of IFA Berlin and other major industry trade shows where BVT is a partner. While not an association peer, it is the platform through which BVT delivers its industry event value (IFA participation, Trend + Technik, hitecMagazin events) and represents an adjacent commercial model.

8IFH KÖLN
TypeOthers
Description

Retail market research and consulting institute based in Cologne. Already a documented BVT partner (Right to Repair study, 2025-10-20); provides the research infrastructure that complements BVT's advocacy and publication activities and is itself a peer in delivering retail intelligence to the German market.

TypeOthers
Description

German trade association for the electrical and digital industry representing manufacturers rather than retailers. Adjacent rather than directly competing, but the counterpart on the supply side of many of BVT's member categories (home appliances, lighting, consumer electronics).

TypeDirect peer
Description

Industry initiative bringing together consumer electronics manufacturers, retailers, and broadcasters; co-organizer of IFA activities. Directly overlaps BVT's member base in the consumer electronics sector and runs comparable industry intelligence and event functions.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles4 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Bundesverband Technik

Industry Trade Associationbvt-ev.de

Bundesverband Technik des Einzelhandels (BVT) is the German non-profit trade association representing ~19,000 technical retail companies across consumer electronics, mobile/telecom, IT, and household appliances, providing policy advocacy, industry publications, and the HEMIX market index.

What Bundesverband Technik does

Bundesverband Technik des Einzelhandels e.V. (BVT), also known as Handelsverband Technik, is the German non-profit trade association that represents the political and professional interests of technology-oriented specialist retail. The organization is headquartered in Köln at An Lyskirchen 14, registered in the Vereinsregister Cologne as VR 5174, and is affiliated with the broader Handelsverband Deutschland (HDE). BVT represents approximately 19,000 retail companies operating 23,000 business locations and employing 100,000 people across consumer electronics, mobile and telecommunications, IT, photo/imaging, household appliances, kitchen, and lighting sectors serving a domestic German market valued at an estimated 76 billion EUR in 2025.

BVT's core product set consists of publications and market intelligence rather than software. The portfolio includes the hitec Magazin (official trade magazine, also available as PDF), hitec news (an email newsletter published 25 times per year at 89 EUR plus VAT annual subscription), BVT Chef-Info (an exclusive weekly member briefing for executives), and the HEMIX market development index tracking sector turnover. The association also coordinates the TOP 10 Technik annual award program and partners with major industry events such as IFA Berlin, gamescom, and Trend + Technik. Its website (bvt-ev.de) and hitec-magazin.de portal host more than 21,000 news items; the news portal reported 56,480 monthly visitors historically. Distribution occurs through direct membership, regional associations (Landesverbände), and cooperative groups (Kooperationen).

The business model is membership-funded, with a modest disclosed pricing line for hitec news subscriptions and additional recurring revenue from publication sales, market data subscriptions, and event-related partnerships. Government-style policy advocacy is central: BVT actively engages in EU and German regulatory processes, notably the Right to Repair directive implementation and the BSI Act/NIS 2 cybersecurity framework. The governance structure combines an honorary board of industry entrepreneurs chaired by Frank Schipper, with paid managing directors (Steffen Kahnt, Franziska Köster, Joachim Dünk elmann) and a small internal staff of 1-10 people.

Bundesverband Technik firmographics

Firmographics
Name
Bundesverband Technik
Legal name
Bundesverband Technik des Einzelhandels e.V. (BVT)
Website
https://bvt-ev.de
Company type
Private
Operating status
Operating
Headcount range
1–10 employees
Short description
Bundesverband Technik des Einzelhandels (BVT) is the German non-profit trade association representing ~19,000 technical retail companies across consumer electronics, mobile/telecom, IT, and household appliances, providing policy advocacy, industry publications, and the HEMIX market index.
Ownership category
akta.pro rank

Bundesverband Technik industry classification

Industry
Product category
Industry Trade Association
NAICS
Professional Organizations (81392)
akta.pro industry
PRIMARYMPAAADAC
Technology & B2B PR
Media, Entertainment & Sports/Advertising, Marketing & PR Services/Public Relations & Communications Agencies
SECONDARYCRAEAEAD
Retailer & Small-Store Supply (C-Store, Mini-Mart, Independent Retail)
Consumer Products & Retail/Discount, Club & Value Retail/Cash & Carry / Wholesale Clubs (B2B & B2B2C)

Keywords

  • Technical retail trade
  • Trade association services
  • Industry advocacy
  • Market research publications
  • Member networking

Where Bundesverband Technik is headquartered

Location

Headquarters

HQ city
Köln
HQ country
Germany
HQ region
Europe

Offices1 record

Markets served

Bundesverband Technik business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales

Revenue model

  1. Membership Fees: BVT generates revenue primarily through membership fees from retail companies and trade organizations in the German technical retail sector. The association represents approximately 19,000 member retail companies with 23,000 business locations.
  2. Publication Sales: Revenue from selling publications including hitec news (89 EUR per year plus VAT, 25 issues annually) and potentially other industry publications. BVT Chef-Info is an exclusive member service provided to registered members of the retail organization.
  3. hitec Magazine: Official magazine of the association for home and consumer electronics trade. Published regularly with current editions available for download.

Pricing tiers

ModelBillingPrice
SubscriptionAnnualhitec news annual subscription

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Bundesverband Technik product offering

Product offering

Core offering

Bundesverband Technik (BVT) is the German federal trade association for technical retail trade (Technischer Fachhandel), representing the interests of its member companies, regional associations, and cooperative groups before political, economic, and social decision-makers. The association delivers industry publications (hitec Magazin, hitec news), market data (HEMIX), member information services (BVT Chef-Info), and industry awards (TOP 10 Technik) to support the technical retail sector in Germany.

Product overview

Bundesverband Technik des Einzelhandels (BVT) is a trade association representing German technology retail, not a product company with a unified platform. Its offerings consist of three main publication products: the hitec Magazin (print magazine with PDF editions), hitec news (email newsletter published 25x/year), and BVT Chef-Info (exclusive weekly member briefing). Additionally, BVT publishes market research through the HEMIX (Handelsentwicklungsindex) market development index and coordinates the TOP 10 Technik annual product award program. These publications and research tools serve to inform and connect members of the technical retail sector.

Differentiator

Problem solved

Functional benefit

Brands

  • hitec Magazin: Official trade magazine for home and consumer electronics, published by BVT
  • hitec news
  • BVT Chef-Info
  • TOP 10 Technik

Products and services

  • hitec Magazin

Quantifiable outcome

  • Represents 19,000 retail companies with 23,000 locations and 100,000 employees

Companies that use Bundesverband Technik

Customer profile

Named customers3 records

Segments2 records

Ideal customer profiles1 record

Bundesverband Technik technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Bundesverband Technik partnerships and signals

Strategic signal

Partnerships

Eight partnerships are on record, tiered core and minor.

  • IFH KölncoreStrategic or Co-development Partner · 20 October 2025IFH Köln conducted market research on Right to Repair in partnership with BVT and Wertgarantie. The study surveyed 4,131 consumers, 164 specialty retailers, 20 manufacturers, and 6 replacement parts companies. IFH Köln provides market research and consulting for retail-relevant questions.
  • WertgarantiecoreStrategic or Co-development PartnerWertgarantie is a specialty insurer and trade partner (Fachhandelspartner) that collaborated with BVT on the Right to Repair market analysis. They offer warranty and insurance solutions for consumer electronics, bicycles, and smart home systems.
  • Handelsverband Deutschland (HDE)coreStrategic or Co-development PartnerBVT is affiliated with (angeschlossen) the German Retail Association (HDE), representing the broader retail sector interests including economic policy and consumer affairs.
  • Landesverbände (Regional Associations)coreChannel Partner/ Reseller/ DistributorRegional member organizations that distribute BVT publications and services to retail companies in their respective regions.
  • Kooperationen (Cooperative Groups)coreChannel Partner/ Reseller/ DistributorCooperative retail groups affiliated with BVT that participate in the organization's network and receive industry services.
  • Messegesellschaften (Trade Show Companies)minorGTM or Marketing PartnerTrade show and exhibition companies partnering with BVT for events like IFA Berlin, gamescom, and Trend + Technik.
  • Förderer + Organisationen (Supporters + Organizations)minorStrategic or Co-development PartnerSupporting organizations and industry supporters in the BVT partner network.
  • Branchenmedien (Industry Media)minorGTM or Marketing PartnerIndustry media partners including hitec-magazin.de that distribute BVT content and news to the technical retail sector.

Scale indicators8 records

Recent moves6 records

Expansion highlights4 records

Bundesverband Technik competitors and assessment

Company assessment

Direct peers

  • Bundesverband Möbel- und Einrichtungs­handel (Verband Deutscher Möbelhandel): Trade association for the German furniture and furnishing retail sector. Directly comparable model — specialist retail advocacy, market data, and industry publications — and its members include kitchen retailers that overlap with BVT's kitchen technology category.
  • Bitkom: Germany's largest digital industry trade association covering IT, telecommunications, and consumer technology. Comparable membership-advocacy-publication model with overlapping IT/consumer-tech retail member categories, particularly relevant for BVT's IT and mobile/telecom retail constituents.
  • BHB (Bundesverband Heimwerker-, Bau- und Gartenfachmärkte): Trade association for German DIY, building, and garden specialty retail. Highly comparable structure — association-level advocacy, market data, publications, and events for German specialty retailers — though serving the DIY/building vertical rather than consumer electronics.
  • bevh (Bundesverband E-Commerce und Versandhandel): German e-commerce and mail-order trade association. Represents a parallel retail trade body with similar advocacy, market data, and publishing functions, addressing the digital and distance-selling channels that increasingly compete with BVT's specialist retail members.
  • gfu Consumer & Home Electronics GmbH: Industry initiative bringing together consumer electronics manufacturers, retailers, and broadcasters; co-organizer of IFA activities. Directly overlaps BVT's member base in the consumer electronics sector and runs comparable industry intelligence and event functions.

Regional players

  • Consumer Technology Association (CTA): US-based trade association for the consumer technology industry and operator of CES. Near-exact functional peer (advocacy, market data, events, awards) but serving North America rather than Germany, and operating at substantially larger scale.

Broad incumbents

  • Handelsverband Deutschland (HDE): BVT's direct parent/umbrella organization representing the entire German retail sector. Operates the same membership-advocacy-publication model but at a broader retail level; BVT is structurally affiliated with HDE, making it the closest reference point for BVT's operating model and scale.

Others

  • Messe Berlin (IFA Berlin): Operator of IFA Berlin and other major industry trade shows where BVT is a partner. While not an association peer, it is the platform through which BVT delivers its industry event value (IFA participation, Trend + Technik, hitecMagazin events) and represents an adjacent commercial model.
  • IFH KÖLN: Retail market research and consulting institute based in Cologne. Already a documented BVT partner (Right to Repair study, 2025-10-20); provides the research infrastructure that complements BVT's advocacy and publication activities and is itself a peer in delivering retail intelligence to the German market.
  • ZVEI (Zentralverband Elektrotechnik- und Elektronikindustrie): German trade association for the electrical and digital industry representing manufacturers rather than retailers. Adjacent rather than directly competing, but the counterpart on the supply side of many of BVT's member categories (home appliances, lighting, consumer electronics).

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Bundesverband Technik social profiles

Digital presence

Bundesverband Technik financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Bundesverband Technik leadership team

Management profile

Number of profiles

Profiles4 records

Bundesverband Technik funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Bundesverband Technik M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bundesverband Technik

What does Bundesverband Technik do?

Bundesverband Technik (BVT) is the German federal trade association for technical retail trade (Technischer Fachhandel), representing the interests of its member companies, regional associations, and cooperative groups before political, economic, and social decision-makers. The association delivers industry publications (hitec Magazin, hitec news), market data (HEMIX), member information services (BVT Chef-Info), and industry awards (TOP 10 Technik) to support the technical retail sector in Germany.

Is Bundesverband Technik a public or private company?

Bundesverband Technik is a private company. It is classified as nonprofit foundation owned and is currently operating.

When was Bundesverband Technik founded?

Bundesverband Technik was founded in -1. It employs 1 to 10 people.

Where is Bundesverband Technik based?

Bundesverband Technik is headquartered in Köln, Germany, in the Europe region.

How does Bundesverband Technik make money?

Three revenue lines are on record. Membership Fees are the primary driver. The others are publication Sales and hitec Magazine.

Who are Bundesverband Technik's main competitors?

Direct peers on record are Bundesverband Möbel- und Einrichtungs­handel (Verband Deutscher Möbelhandel), Bitkom, BHB (Bundesverband Heimwerker-, Bau- und Gartenfachmärkte), bevh (Bundesverband E-Commerce und Versandhandel) and gfu Consumer & Home Electronics GmbH. Consumer Technology Association (CTA) is listed as a regional player. Handelsverband Deutschland (HDE) is listed as a broad incumbent. Others are Messe Berlin (IFA Berlin), IFH KÖLN and ZVEI (Zentralverband Elektrotechnik- und Elektronikindustrie).

Does Bundesverband Technik have an API?

No public API is recorded for Bundesverband Technik.

What industry is Bundesverband Technik in?

Bundesverband Technik's product category is Industry Trade Association. Its primary akta.pro industry code is MPAAADAC, Technology & B2B PR, with a secondary code of CRAEAEAD, Retailer & Small-Store Supply (C-Store, Mini-Mart, Independent Retail). Its NAICS code is 81392.

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