Here is Tomppa’s company report following Q1 
Componenta’s Q1 report exceeded our forecasts thanks to excellent profitability and a better-than-expected order backlog. The strong profitability increased our confidence in the scalability of volume growth to the bottom line, and we significantly raised our earnings forecasts for the 2026 financial year, and more moderately for 2027–2028. Based on our updated forecasts, valuation multiples are at moderate levels, and the long order pipelines in the Defense and Energy industries support continued earnings growth in the longer term, which in our view makes the stock’s risk-reward ratio attractive. We raise our target price to EUR 5.50 (prev. EUR 5.00) and reiterate our Accumulate recommendation.