Here are Vilppo’s comments on Solwers’ Q1 results ![]()
Solwers released its Q1 business review this morning. The company’s revenue grew moderately, in line with our expectations. However, the profit lines fell slightly short of our expectations and the weak level of the comparison period. In the report, we find management’s warning slightly concerning that the company may not reach the original covenant level of its financing agreement at the end of June review point. For this, the company would need to get its earnings growth engine running quickly.