Thomas has published a new company report on Lamor following the Q1 results 
Lamor’s Q1 figures fell short of our expectations, primarily due to a sluggish order book and weak new sales. Financial covenant terms were breached during Q1, though the company received a waiver from its financiers. The guidance for the current year was reiterated, but given the weak start to the year and the thin order book, we believe achieving the earnings guidance appears challenging. We reiterate our Reduce recommendation, but lower our target price to EUR 0.9 (previously EUR 1.1) following the Q1 earnings miss.