Olli published a new company report about Wulff. 
Wulff’s growth was strong in the last quarter of the year, but profitability clearly weakened, and the cautious outlook also fell slightly short of our expectations. Although the workplace product market remains challenging in 2025, accounting firm acquisitions, Wulff Works, and other service growth create good conditions for the entire group’s earnings growth. However, uncertainty in earnings development and the rising debt burden accompanying growth increase risks and keep us out of the stock at the current valuation.