Here is Atte’s preview report, as Consti releases its Q1 results on Wednesday, April 29. 
We expect revenue growth to be moderate and operating profit to settle at zero level during the seasonally weak first quarter. In our view, the valuation has turned attractive again following the decline in the share price. However, we have slightly lowered our margin forecasts for the coming years as the market remains sluggish, which is likely to keep competition in the industry tight. We adjust our target price to EUR 12.0 (prev. EUR 12.5) and upgrade our recommendation to Accumulate (prev. Reduce).