Here are Frans’s comprehensive comments on Witted’s May. 
Witted’s May business review was slightly stronger than our forecast regarding revenue, but the development of the expert headcount fell slightly short of our expectations. On a positive note, revenue per expert clearly exceeded our estimates. However, direct conclusions cannot be drawn from this, as the lower-price-point Software Sauna is the company’s most profitable unit. The picked-up new sales have not yet translated into growth in the expert headcount, which indicates that customer churn has remained at a high level. Overall, we believe that strong revenue per expert combined with strict cost control supports the earnings growth outlook. The review does not necessitate changes to our forecasts, and we see the current valuation level as an attractive buying opportunity.