"Growth investments launched in line with the company's new strategy and the cost of co-operation negotiations weakened profitability in the first quarter. The company is in a strong reconstruction phase. In the first quarter, we announced a new organization, made several Executive Management Team appointments, and released a new strategy. Expenses in the first quarter include significant restructuring and development costs related to contract restructuring and strategy work. In addition, we have started collaborating with new partners, for example in marketing, to ensure the scalability of go-to-market activities.” CEO Jussi Vasama, comments.