Here is Thomas’s quick comment on Martela’s Q1 results. 
Due to the profit warning and preliminary data released in April, the figures for Martela’s seasonally challenging Q1 were already known. The most central and worrying observation in the report was the 29% decline in new orders, signaling that market challenges will continue throughout the current year. Due to Martela’s tight liquidity situation, the company’s risk profile is extremely high, and the investment story desperately requires signs of market and earnings recovery, which the beginning of the year unfortunately did not provide.