Here are Pauli’s preview comments, as Tamtron reports its H2 results on Thursday. 
Tamtron reports its H2 results on Thursday, March 5. We expect strong growth and earnings improvement from the company for H2, supported by a solid order book and acquisitions, among other factors. Our full-year 2025 forecasts are near the lower end of the guidance range due to a weaker H1. Key to the forecasts in the report is how much room the company sees for improvement in system sales, where 2025 was clearly better than previous years in terms of orders. We estimate that the slow recovery of the industrial cycle has continued in Europe recently, enabling the continuation of reasonable organic growth.