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Eltel's Q1'26 report came in well above our estimates on both top and bottom line, demonstrating that the turnaround trajectory not only remains intact, but is progressing faster than we projected.

We expect the company to start the year with double-digit revenue growth and a slight year-on-year margin improvement, supported by continued strong activity in the Swedish infrastructure and power segments.

Aktia’s Q1 result fell well below our expectations. However, this was largely a result of market value changes in the investment portfolio of the life insurance business.

The company's Q1 result was in line with expectations, but the main focus was on the historic merger with TK Elevator.

Metacon will publish its Q1 report on Thursday, 7 May. We expect the report to show continued strong year-on-year revenue growth as the company executes its electrolysis project backlog, though we anticipate that earnings will remain negative. Our focus will be primarily on the company’s order intake, as we believe this is a critical driver for future revenue visibility, and on the progress of ongoing projects in Greece and Romania.

We initiate coverage on Fasadgruppen with a Buy recommendation and a target price of SEK 26 per share. Fasadgruppen's value creation model is based on owning and developing businesses while consolidating the fragmented market for exterior property work. The company has created a strong market position with well-established local brands that generate good cash flow, which is crucial for Fasadgruppen to continue executing on its acquisition strategy. The valuation has declined to a very low level following a period of weak market conditions and moderate performance. While the environment remains challenging and near-term performance is likely to stay subdued, we expect the business to recover in the latter part of the year and view the risk/reward as attractive at current valuations.

The acquisition complements the Learning business offering in the Spanish market.

The email business is small in Enento's big picture.

The 0.35 MEUR funding is allocated to developing the capacity of Factory 01.

Efficiency measures and Easter are expected to raise our adjusted EBITDA estimate to 11 MEUR.

The deal is small in size.

We expect the company's revenue to have remained flat year-on-year, with stable adjusted EBITA.

Incap's Q1 figures we weak and clearly worse than expected, especially due to lower-than-anticipated revenue. However, the company reiterated its guidance, and comments on order book development were exceptionally positive.

11:22

Eltel released their first quarter results today, reporting a significant improvement in profitability. We sat down with CEO Håkan Dahlström.

Nevertheless, earnings fell short of expectations due to the life insurance investment portfolio.

We consider the NAV development in Q1 as resilient, given the volatile market conditions, and view the current P/NAV discount as excessive

Alma Media's Q1 earnings were a clear positive surprise, as the company's profitability strengthened significantly from the comparison period.

We expect the company's revenue to have returned to a growth trajectory after a weak end to last year.

Neste's Q1 earnings easily surpassed expectations as margins for both Renewable Products and Oil Products reached a robust level.