Here is the company report on Etteplan from Roni following the Q1 results 
Etteplan’s Q1 figures fell clearly short of our forecasts, as uncertainty in the operating environment froze client decision-making. The company refined its guidance by lowering the upper end of its EBIT range, but we still see a clear risk of a negative profit warning if demand does not pick up quickly. The valuation is moderate (adj. P/E 11x), but for good reason in the current situation.