contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


taaleri-q225-flash-comment-expected-development

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Sauli Vilén

Taaleri operates in the financial sector. The company is a Nordic private equity fund company that focuses on renewable energy and other alternative investments. The company has two business segments: Equity Funds and Strategic Investments. With its capital funds, Taaleri creates, for example, wind and solar power, biofuels and real estate. The company was founded in 2007 and its head office is located in Helsinki, Finland.

sttinfo.fi              Eden Asunnot sijoittaa asuntokohteeseen Espoon Niittykummussa | Taaleri...    TAALERI KIINTEISTÖT | LEHDISTÖTIEDOTE | 3.12.2025 KLO 11.00 Eden Asunnot sijoittaa asuntokohteeseen Espoon Niittykummussa Eden Asunnot investoi Espoon Niittykumpuun rakennettavaan asuinkohteeseen. Eden Asunnot rakennuttaa asuinkerrostalon, johon...                             Eden Asunnot invests in a residential property to be built in Niittykumpu, Espoo. Eden Asunnot will build a residential apartment building, which will feature 48 high-quality rental apartments. The property will be built next to the peaceful Tontunmäki area, which is dominated by detached houses. The area is located close to services and has good public transport connections. Niitty shopping center and Niittykumpu metro station are approximately 600 meters away. Apartment sizes vary from studios to four-room family apartments. Most apartments have either a glazed balcony or a private terrace. The apartments also feature apartment-specific cooling, which enhances living comfort. The building’s sauna is located on the first floor, and there is also a terrace connected to the sauna. It

Funny coincidence that this article landed right here.

That news is this Kauppalehti’s advent calendar window: Näistä osakkeista löytyy laatua tarjoushaukalle – Listalla Helsingin pörssin edulliset laatuyhtiöt | Kauppalehti Listed as the cheapest quality company

Even though it’s foolish to look for a reason for every stock movement, Taaleri’s move today is quite significant in size, and at least with my skills, I couldn’t find any news..  Is someone just increasing their position, or what’s going on?

DNB-Carnegie recently started following Taaleri  The initiation of coverage report was quite high-quality, and I recommend checking it out for anyone interested in Taaleri. For me, the report didn’t offer any major new insights, and the view is very similar to ours. Carnegie also, not surprisingly, bases its valuation on a sum-of-the-parts analysis, and its estimates are very close to our views or Nordea’s. The table below summarizes the sum-of-the-parts for all three of us:  The values for Garantia and Energy are very similar across all of us. For other capital funds, Carnegie has taken the same bearish stance as Nordea and assigns them a negative value. As I said here earlier, even though the outlook for that segment isn’t great, I find it hard to see its value being negative  This is, however, a rounding difference in the overall picture. In terms of group expenses, we are significantly above the others. In my opinion, it is fundamentally wrong to value group expenses with a smaller multiple than the group in general (this is a common error in SOTP models). This somehow expects that at some point, group expenses would drop out, which is not realistic. Another difference is that both N & C apparently use the operating profit of the “Other” segment, while we use expenses. The segment occasionally records various revenues (e.g., from Taaleri Kapitaali investment bank), and these, of course, reduce losses. In our opinion, the continuation of these revenues indefinitely is not a realistic expectation, and we have wanted to be cautious here. There is no right or wrong way here; it’s about different views. Nordea and Carnegie both use a 15 MEUR adjustment, which I expect to be tax liabilities (ours are shown in investments). There is also a clear difference in the investment portfolio, as we include upfront booked performance fees here, whereas I don’t find these from Nordea or Carnegie (it’s possible they are hidden somewhere ). But, all in all, even though there are some differences in the calculations, they all arrive at a very identical end result. The fair value is about 10e/share, and the majority of this value comes from Garantia.  Carnegie’s report: DNB Carnegie Access: Taaleri: Initiating coverage: A specialist in finding profitable niches - Inderes

sttinfo.fi              Taaleri Kiinteistöt toteuttaa onnistuneen irtautumisen Lauttasaaren...    TAALERI KIINTEISTÖT | LEHDISTÖTIEDOTE | 11.11.2025 KLO 8.30 Taaleri Kiinteistöt toteuttaa onnistuneen irtautumisen Lauttasaaren tonttikokonaisuudesta Taaleri Kiinteistöjen hallinnoima rahasto Taaleri Tonttirahasto Ky on myynyt Lauttasaaren...                             A fund managed by Taaleri Real Estate, Taaleri Land Fund Ky, has sold a land complex located in Vattuniemi, Lauttasaari, to Bonava Suomi Oy and Suomen Asunnot ja Tontit I Ky. The purchase price was 6.5 million euros. The sale supports the fund’s plan to divest from properties in a controlled manner and create value for investors. The land plot now sold is exceptional for the fund, as it is an entire buildable plot in an excellent location. The fund acquired the plot in 2016. Since then, the area has developed significantly, and the value of the property has risen from its original acquisition price.

I’m not buying because a few months ago I bought my own position “full”. Although I wouldn’t have nightmares if Taaleri was “overweight” in my portfolio. The valuation level itself would currently be at a very comfortable buying level for me (cf. e.g. the USA, where I currently can’t seem to find anything to buy at suitable multiples).

Taaleri

This morning, Taaleri published a report in line with our expectations. Garantia performed strongly, and the SolarWind3 fund increased slightly in size during Q2. The earnings miss compared to our estimates is due to the negative impact of the dollar on the investment portfolio and an exceptionally high tax rate, both of which are of minor significance. 

<p class="MsoNormal"><strong><em><span lang="EN-GB">Translation: Original published in Finnish on 08/13/2025 at 09:14 am EEST</span></em></strong></p> <div class="table-wrapper"> <table> <tbody> <tr> <td>Estimates</td> <td> </td> <td>Q2'24</td> <td>Q2'25</td> <td>Q2'25e</td> <td>Q2'25e</td> <td colspan="3">Consensus</td> <td>Difference (%)</td> <td>2025e</td> </tr> <tr> <td dir="LTR">MEUR / EUR</td> <td> </td> <td>Comparison</td> <td>Actualized</td> <td>Inderes</td> <td>Consensus</td> <td>Low</td> <td> </td> <td>High</td> <td>Act. vs. Inderes</td> <td>Inderes</td> </tr> <tr> <td>Revenue</td> <td> </td> <td>12.6</td> <td>12.9</td> <td>13.4</td> <td> </td> <td> </td> <td> </td> <td> </td> <td>-4%</td> <td>57.2</td> </tr> <tr> <td>EBIT (adj.)</td> <td> </td> <td>4....</td></tr></tbody></table></div>

	2024	25e	26e
Revenue	72.6	56.6	61.2
growth-%	10.6 %	-22.0 %	8.1 %
EBIT (adj.)	38.1	23.0	28.2
EBIT-% (adj.)	52.4 %	40.7 %	46.1 %
EPS (adj.)	0.99	0.51	0.73
Dividend	0.50	0.31	0.44
Dividend %	6.2 %	4.1 %	5.9 %
P/E (adj.)	8.1	14.5	10.2
EV/EBITDA	5.8	7.7	6.4

Taaleri Q2’25 flash comment: Expected development

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Key Estimate Figures29.04.

Forum discussions

Estimates	Q2'24	Q2'25	Q2'25e	Q2'25e	Consensus		Difference (%)	2025e
MEUR / EUR	Comparison	Actualized	Inderes	Consensus	Low	High	Act. vs. Inderes	Inderes
Revenue	12.6	12.9	13.4				-4%	57.2
EBIT (adj.)	4....