Here is the pre-earnings report from Joni for when Netum reports its Q2 results next Tuesday. 
The company issued a profit warning in June, which confirmed that the second quarter was as difficult as expected. We expect revenue to have fallen significantly compared to the comparison period, as large projects ended and new projects started up slowly. We estimate that profitability remained reasonable relative to the decline in revenue, thanks to previous efficiency measures, but it still reflects the demanding market situation. The main focus of the report will be on the outlook for the rest of the year, the development of the sales pipeline, and when the decline in revenue will finally be reversed. We are lowering the target price to 1.00 euro (prev. 1.05 €), reflecting forecast changes, and reiterate our “reduce” recommendation for the stock.