Here is the company report on Solwers from Olli following the Q1 release 
Solwers’ Q1 performed below our expectations, and the key profit lines—crucial for deleveraging—also fell slightly below a weak comparison period. We have moderated the slope of our projected earnings growth. The valuation does not appear sufficiently attractive given the elevated financial risks. We lower our target price to EUR 2.0 (previously EUR 2.1) and reiterate our Reduce recommendation.