Here are Atte’s quick comments on Administer’s morning earnings release 
This morning, Administer published its first earnings report in accordance with IFRS reporting and its new segment structure. The group’s net sales grew almost in line with our expectations, driven by the acquisition of Sarastia, but the quarter’s profitability remained weak. This is partly due to non-recurring items from the Sarastia arrangement, but in our assessment, weak organic development in other business areas also weighed on profitability. Thanks to the efficiency measures implemented, the profitability of Sarastia and other business areas should start to improve clearly in H2, which the improving outlook for the Finnish economy may also provide some slight tailwind. However, after a soft start to the year, achieving the earnings guidance will require strong performance in the second half of the year.