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Netum Group

1.16 EUR

0.00 %

1,727 following

NETUM

First North Finland

IT Services

Technology

0.00 %
-7.20 %
-23.18 %
-37.97 %
-54.69 %
-56.72 %
-67.78 %
-
-73.93 %

Netum operates in the IT sector. The company specializes in the development of software solutions. The software is developed in-house and is mainly used for design and implementation of software, management and monitoring of information systems, cybersecurity solutions and IT management. The customers consist of corporate customers in several sectors. In addition to the main business, various value-added services are offered. The largest operations are in the Nordic region.

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Market cap
14.83M EUR
Turnover
7.38K EUR
P/E (adj.) (25e)
EV/EBIT (adj.) (25e)
EV/S (25e)
Dividend yield-% (25e)
Coverage
Recommendation
Reduce
Target price
Updated
05.11.2025
Disclaimer
Joni Grönqvist
Joni Grönqvist

Analyst

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
10.3.
2026

Annual report '25

15.4.
2026

General meeting '26

28.4.
2026

Business review Q1'26

Risk
Business risk
Valuation risk
Low
High
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Nordic IT service sector Q2’25: Difficulties across geographies
Analyst Comment by
Joni Grönqvist, Frans-Mikael Rostedt

Nordic IT service sector Q2’25: Difficulties across geographies

In the rest of the Nordic countries, organic revenue development turned downward and profitability weakened in Q2. Thus, even applying the Rule of 20, the situation in the IT services market remains distinctly challenging, with only one company achieving good performance and two achieving satisfactory performance.

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Forum discussions
Still managed to push out a negative earnings warning before tomorrow’s Q2. Joni already seemed to be pondering this in the preview: Our forecasts are now at the lower end of the guidance, and in our view, the company once again faces an earnings warning risk. Inderes Netum Group...
8/18/2025, 5:55 PM
by Saku
6
Since no other comments are seen or heard, I must state that Netum’s performance is quite regrettable. It is, of course, difficult for all IT service companies, but here it has come crashing down. Hopefully, a turnaround can be achieved soon.
11/5/2025, 11:31 AM
by bomboom
3
Here are Joni’s pre-earnings thoughts as Netum publishes its Q2 results next Tuesday. We estimate Netum’s revenue to have decreased due to the gradual reduction in workload from large projects and challenging new sales. Additionally, we predict profitability to have declined from...
8/13/2025, 7:49 AM
by Sijoittaja-alokas
2
And here are Joni’s comments on the result itself. Netum published its Q3 business review this morning, which was softer than our expectations. Revenue clearly decreased and more than expected. Profitability remained weak, pressured by a heavy cost structure, and the recently completed...
11/4/2025, 7:45 AM
by Sijoittaja-alokas
1
Joni has made a new company report on Netum after Q2. We reiterate our reduce recommendation for Netum’s share and lower the target price to 1.8 euros (previously 2.2 €), reflecting changes in forecasts. Netum issued a negative profit warning before the earnings release, so the report...
8/20/2025, 4:50 AM
by Sijoittaja-alokas
1
Joni interviewed CEO Repe Harmasta regarding the negative outlook and Q2. Inderes Netum Q2'25: Viivästyksiä hankkeiden aloituksissa - Inderes Aika: 19.08.2025 klo 14.12 Epäselvän markkinatilanteen ja hankealoitusten viivästysten seurauksena Netum antoi tulosvaroituksen ennen Q2-tulostaan...
8/19/2025, 12:18 PM
by Sijoittaja-alokas
1
CEO Repe Harmanen was talking about his company as an investment target at the IT services evening. He was also interviewed by Joni. Inderes Netum sijoituskohteena | IT-palveluilta 2.6.2025 - Inderes Aika: 04.06.2025 klo 14.00 Toimitusjohtaja Repe Harmanen kertoo Netumista sijoituskohteena...
6/3/2025, 6:05 AM
by Sijoittaja-alokas
1
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