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We do not expect the war in Iran to have a significant impact on Harvia.

Ahead of Inderes’ Q1 report, we keep our estimates broadly unchanged despite Jan-Feb sales data coming in slightly below our estimates.

We are initially positive about the arrangement, even though its impact on Taaleri's financials is still small at this stage.

On Friday, Kalmar held an analyst and investor call ahead of the Q1 silent period.

Sanoma's earnings growth outlook for the coming years is very good, as curriculum reforms are being implemented in the major operating countries for Learning, which has a strong market position in the European learning materials market, and the segment's efficiency has increased through operational improvements.

We consider the news a logical and expected step as part of Aktia's strategic goal to increase international asset management sales.

The use of TMS in research grew particularly in the 2010s.

If the test runs are successful, continuous production at the demo plant will be possible from the end of 2026, although the main purpose of the test runs is to demonstrate the improved cost-efficiency of the production technology.

Inderes' revenue from January and February totalled EUR 2.9 million. CEO Mikael Rautanen commented that 2026 has started in line with expectations as recurring revenue has grown well, driven by the software business, while the volume of IR events in January and February was below the comparison period.

We find the share's valuation to be neutral, and the growth potential is limited.

The guarantees ensured the full success of the financing round.

In our view, the investment case hinges on management proving it can convert a higher share of its profits into cash, sustain operational improvements, and deliver on 2026 guidance.

In the strategy preview, we highlight the key themes and our expectations for the financial targets.

We expect Luotea to continue its clear trend of earnings improvement in 2026-27 and generate strong cash flow.

In Finland, revenue growth picked up towards the end of the year, surpassing that of the other Nordic countries for the first time in a long while.

Sulzer's expertise accelerates industrialization, but we estimate that a commercial breakthrough is still at least a year away.

On 1 October 2025, Sampo announced that Lars Kufall Beck, COO at If P&C, would take over as new Group CFO as of 1 April 2026 succeeding Knut Arne Alsaker.

Annual savings of around 2.4 MEUR support the improvement of profitability.