Aapeli has prepared a new company report on Kesla. (I almost wrote Kesla made a report on Aapeli 
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Kesla’s Q4 result fell significantly more than our expectations into the negative. Order development also remained sluggish, but the order book is supported by a significant Defence order in Q1. In its guidance for the current year, the company expects a clear improvement compared to last year’s weak performance, but estimates that the earnings level will remain low.