Here is a new company report on Koskinen from Antti. 
We reiterate our target price of EUR 9.00 and our Reduce recommendation for Koskinen. We slightly lowered our near-term forecasts for Koskinen as the guidance for the current year was a notch more cautious than we expected. In our view, Koskinen has clear earnings growth potential in the coming years as the construction cycle gradually recovers and the company’s significant investments in recent years reach cruising altitude. However, we believe this is already appropriately baked into the stock (2026e: P/E 12x), which is why the expected return on the stock does not currently exceed the required rate of return.