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Witted Megacorp

1.65

 

EUR

 

+2.48 %

1,501 following

WITTED

First North Finland

IT Services

Technology

Overview
Financials & Estimates
Ownership
Investor consensus

Witted Megacorp is an IT company. The company offers a wide range of consulting services and IT solutions, mainly services related to project and business development. The solutions are used by a number of corporate customers in various sectors. In addition to the main business, various services are offered. The largest business operations are in the Nordic market.

Read more
Market cap
25.52M EUR
Turnover
16.12K EUR
P/E (adj.) (25e)
EV/EBIT (adj.) (25e)
EV/S (25e)
Dividend yield-% (25e)
Coverage
Recommendation
Accumulate
Target price
Updated
23.04.2025
Disclaimer
Frans-Mikael Rostedt
Frans-Mikael Rostedt

Analyst

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
19.8.
2025

Interim report Q2'25

21.10.
2025

Business review Q3'25

Risk
Business risk
Valuation risk
Low
High
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Research
Press releases
ShowingAll content types
Q1 IT service sector summary: Weak start to the year, but there is light at the end of the tunnel
Analyst Comment6/2/2025, 6:59 AM by
Joni Grönqvist, Frans-Mikael Rostedt

Q1 IT service sector summary: Weak start to the year, but there is light at the end of the tunnel

The IT services sector's Q1 earnings season was still approached with a cautious mood, but this time the reason was Trump's tariff threats. Possible tariffs would not directly hit the IT services sector, but they would certainly have an indirect impact through customer caution.

DigiaDigital WorkforceGoforeLoihdeWitted MegacorpSolteqVincitNetum GroupSiili SolutionsTietoevry
Outlook for the IT service sector 2025: Growth will kick off again at the end of the year
Analyst Comment3/27/2025, 9:58 AM by
Joni Grönqvist, Frans-Mikael Rostedt

Outlook for the IT service sector 2025: Growth will kick off again at the end of the year

We expect the performance of the IT service sector to improve as a whole in 2025. This year, as the market decline presumably stabilizes/turns back to growth, we should be able to see which companies have adapted to the changing market situation and whose strategy is working.

DigiaDigital WorkforceGoforeLoihdeNetum GroupSiili SolutionsSolteqTietoevryVincitWitted Megacorp
In the IT service sector, a few Nordic companies achieved excellent performance measured by the 'Rule of 20'
Analyst Comment3/21/2025, 8:40 AM by
Joni Grönqvist

In the IT service sector, a few Nordic companies achieved excellent performance measured by the 'Rule of 20'

We examined Nordic, listed IT service companies with the 'Rule of 20' metric we launched, measured with which a few companies achieved excellent performance in 2024. On average, Finnish IT service companies fared worse last year than other Nordic companies. Overall, however, it can be said that 2024 was still challenging throughout the Nordics.

DigiaDigital WorkforceGoforeLoihdeNetum GroupSiili SolutionsSolteqTietoevryVincitWitted MegacorpBouvetNetcompany GroupAddnode GroupExsitec HoldingColumbusNNITWebstepAvensiaProact IT GroupCombinedXCAG GroupTrionaKnowitB3 Consulting Group

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IT service sector: Q4 was tough, as was 2024
Analyst Comment3/17/2025, 2:25 PM by
Joni Grönqvist, Frans-Mikael Rostedt

IT service sector: Q4 was tough, as was 2024

Looking at the year as a whole, the difficult market situation is illustrated by the fact that none of the listed companies in the IT service sector achieved excellent or even good performance according to the Rule of 20 we have introduced.

GoforeDigiaDigital WorkforceTietoevrySiili SolutionsSolteqVincitWitted MegacorpLoihdeNetum Group
Introducing the Rule of 20: The best measure for IT services performance signals market softening
Analyst Comment1/22/2025, 8:33 AM by
Joni Grönqvist, Frans-Mikael Rostedt

Introducing the Rule of 20: The best measure for IT services performance signals market softening

We are launching our own Rule of 20 for the IT services sector, which we believe works well, if not best, as a single parameter to measure the operational performance of the sector and especially of the companies.

DigiaDigital WorkforceGoforeInnofactorLoihdeNetum GroupSiili SolutionsSolteqTietoevryVincitWitted Megacorp
IT service sector: Bottom of cycle passed, grain will be separated from chaff in 2025
Analyst Comment11/29/2024, 12:59 PM by
Joni Grönqvist, Frans-Mikael Rostedt

IT service sector: Bottom of cycle passed, grain will be separated from chaff in 2025

In the coming year, companies should be able to see who has adapted to the changing market situation and whose strategy is working.

GoforeVincitWitted MegacorpDigiaSolteqDigital WorkforceInnofactorNetum GroupLoihdeSiili SolutionsTietoevry
Q3 IT service sector summary: Revenue down but profitability up – sector shows clear divide
Analyst Comment11/20/2024, 10:03 AM by
Joni Grönqvist, Frans-Mikael Rostedt

Q3 IT service sector summary: Revenue down but profitability up – sector shows clear divide

The IT services sector's Q3 results were met with a cautious mood after five companies in the sector issued profit warnings in just over a month. The decline in working day-adjusted organic revenue development for the sector's companies accelerated slightly as customers continued to economize, although the comparison period was already weak for most of them. Profitability, on the other hand, was significantly higher year-on-year, but the group was clearly divided between strong and weak performers.

DigiaDigital WorkforceGoforeLoihdeNetum GroupSiili SolutionsSolteqTietoevryVincitWitted MegacorpInnofactor
IT service sector: Market performance in Denmark and Norway better than in Finland and Sweden
Analyst Comment10/11/2024, 9:02 AM by
Frans-Mikael Rostedt, Joni Grönqvist

IT service sector: Market performance in Denmark and Norway better than in Finland and Sweden

In the rest of the Nordic countries, organic revenue development turned upwards and profitability was at a reasonably good level in Q2.

DigiaDigital WorkforceGoforeInnofactorLoihdeNetum GroupSiili SolutionsSolteqTietoevryVincitWitted MegacorpAvensiaBouvetB3 Consulting GroupColumbusCombinedXKnowitNetcompany GroupNNITProact IT GroupWebstep
IT services sector 2024 expectations fell slightly in Q2, but H2 looks a little better
Analyst Comment10/9/2024, 7:33 AM by
Joni Grönqvist, Frans-Mikael Rostedt

IT services sector 2024 expectations fell slightly in Q2, but H2 looks a little better

With the Q2 reports and subsequent earnings warnings, our revenue and profitability expectations have declined slightly. The expected strengthening of the general economic development in Finland and Europe and the interest rate cuts provide some light at the end of the tunnel and create the conditions for a gradually improving demand outlook also for the IT services sector next year.

DigiaDigital WorkforceGoforeInnofactorLoihdeNetum GroupSiili SolutionsSolteqTietoevryVincitWitted Megacorp
Q2 IT service sector summary: Slightly steeper revenue decline, improved profitability and signs of demand bottoming out
Analyst Comment9/5/2024, 9:27 AM by
Joni Grönqvist, Frans-Mikael Rostedt

Q2 IT service sector summary: Slightly steeper revenue decline, improved profitability and signs of demand bottoming out

Finnish listed IT services companies' organic revenue decline accelerated slightly, although the comparison period was already weak for several of them.

DigiaDigital WorkforceGoforeInnofactorLoihdeNetum GroupSiili SolutionsSolteqTietoevryVincitWitted Megacorp
IT services sector's 2024 expectations fell slightly in Q1 - revenue expected to remain flat and profitability to rise slightly
Analyst Comment5/28/2024, 10:11 AM by
Joni Grönqvist, Frans-Mikael Rostedt

IT services sector's 2024 expectations fell slightly in Q1 - revenue expected to remain flat and profitability to rise slightly

The strengthening of the general economic situation in Finland and Europe and the expected decline in interest rates provide some light at the end of the tunnel and, in our opinion, create the conditions for a gradually improving demand outlook also for the IT services sector next year.

DigiaDigital WorkforceInnofactorLoihdeNetum GroupSiili SolutionsSolteqTietoevryVincitWitted Megacorp
IT service sector Q1 summary: Revenue and profitability down from a strong comparison period, but some defensive wins in profitability as well
Analyst Comment5/21/2024, 7:46 AM by
Joni Grönqvist, Frans-Mikael Rostedt

IT service sector Q1 summary: Revenue and profitability down from a strong comparison period, but some defensive wins in profitability as well

The organic revenue development of the Finnish listed IT service companies took a downturn from a strong comparison period. At the same time, profitability declined from the good comparison period, although slightly less than expected, helped by cost savings.

GoforeDigital WorkforceDigiaInnofactorLoihdeNetum GroupSiili SolutionsSolteqTietoevryVincitWitted Megacorp
IT service sector: Our expectations for 2024 generally at the lower end of companies' guidance
Analyst Comment4/5/2024, 9:32 AM by
Joni Grönqvist, Frans-Mikael Rostedt

IT service sector: Our expectations for 2024 generally at the lower end of companies' guidance

We estimate that listed IT service companies will grow moderately in 2024, but well below historical growth rates. Overall, our expectations for 2024 are generally at the lower end of companies' guidance.

DigiaDigital WorkforceGoforeInnofactorLoihdeNetum GroupSiili SolutionsSolteqTietoevryVincitWitted Megacorp
Q4 IT service sector summary: Growth and profitability in line with our expectations, 2023 can be seen as a defensive win
Analyst Comment3/21/2024, 8:11 PM by
Joni Grönqvist, Frans-Mikael Rostedt

Q4 IT service sector summary: Growth and profitability in line with our expectations, 2023 can be seen as a defensive win

DigiaDigital WorkforceGoforeInnofactorLoihdeNetum GroupSiili SolutionsSolteqTietoevryVincitWitted Megacorp
Analyst Comment1/18/2024, 11:08 AM by
Frans-Mikael Rostedt

IT service sector valuation levels at the bottom of our 7-year monitoring history, justifiably?

We examined the development of valuation levels in the IT service sector through the forward-looking EV/S ratio in 2017-2024. The valuation levels have hit the bottom of the review period. The uncertain short-term outlook and the rise in interest rates partly justify a lower valuation, but we feel the sector’s expected return is at an attractive level as a whole.

Digital WorkforceDigiaGoforeInnofactorLoihdeNetum GroupSiili SolutionsSolteqTietoevryVincitWitted Megacorp
Analyst Comment12/5/2023, 8:24 AM by
Joni Grönqvist, Frans-Mikael Rostedt

We expect the IT services sector to grow moderately and profitability to increase slightly in 2024

We expect the dual dynamics of the IT services market to continue next year and slow down growth. In our estimates, profitability in the sector improves slightly, driven by cost savings, but still stays below potential due to headwinds.

DigiaDigital WorkforceGoforeInnofactorLoihdeNetum GroupSiili SolutionsSolteqTietoevryVincitWitted Megacorp
Analyst Comment11/21/2023, 9:31 AM by
Joni Grönqvist, Frans-Mikael Rostedt

IT services sector Q3 summary: Better than feared with several areas continuing to perform well

Overall, the Q3 earnings season was stronger than our cautious expectations and the market continued to be mixed. Many areas are still performing well and in the weaker areas it seems that, at least temporarily, the bottom of demand has been touched. There are already some cautious comments on the better, but in our view it is still too early to draw larger and broader conclusions.

DigiaGoforeInnofactorLoihdeSiili SolutionsSolteqTietoevryVincitWitted Megacorp
 IT service sector: Fast deceleration in figures in Q2 in Finland, better in other Nordic countries
Analyst Comment9/6/2023, 11:00 AM by
Joni Grönqvist, Frans-Mikael Rostedt

IT service sector: Fast deceleration in figures in Q2 in Finland, better in other Nordic countries

Uncertainty in customer demand was realized more widely in Q2, but development was even more mixed than before. Companies with a high weight of tailored software development and the private sector suffered more in relative terms. Reported figures included mainly negative surprises, which was also seen in the form of change negotiations and profit warnings. We predict that the duality will continue in 2023, but the demand outlook will remain more subdued as a whole in 2023 in the private sector, while public sector demand is expected to remain at a good level.

DigiaDigital WorkforceGoforeInnofactorLoihdeNetum GroupSiili SolutionsSolteqTietoevryVincitWitted MegacorpAvensiaAddnode GroupColumbusCombinedXExsitec HoldingKnowitNetcompany GroupNNITWebstepBouvet
Press release8/22/2023, 6:00 PM

Witted Megacorp buys Loihde's Swedish business

Witted Megacorp
Analyst Comment5/22/2023, 4:56 AM by
Joni Grönqvist, Frans-Mikael Rostedt

IT service sector: Mainly a strong start to the year

DigiaDigital WorkforceGoforeInnofactorLoihdeNetum GroupSiili SolutionsSolteqTietoevryVincitWitted Megacorp
Forum discussions
Päästiin muuten kurssin osalta tukevasti SMA 200 päälle ensimmäistä kertaa sitten listautumisen, eivätkä karhut saaneet myyntipainetta painaakseen kurssia takaisin sen alle, joten julistan Death Crossista alkaneen kurssilaskutrendin päättyneeksi, huhtikuun 7.4 kurssipohjaksi ja Witted...
6/10/2025, 12:09 PM
by Pohjolan Eka
42
Moro, Kiitos kommenteista Ekalle. Sijoittaja Alokkaalle ja Karhu hylkeelle kiitokset kun jaatte tänne noita matskuja. Franco tekee kans hyvää duunia aina näiden kommenttien kanssa. Se soittaa mulle ennen noiden kirjottamista ja kyselee fiiliksiä niiden takana. Eilen oli taas hyvä...
6/11/2025, 11:57 AM
by Harri Sieppi
36
Inderes Sisäpiiritieto: Witted Megacorp Oyj:n liiketoimintakatsaus 1.5.-31.5.2025:... Witted Megacorp Oyj | Sisäpiiritieto | 10.06.2025 klo 11:55:00 EESTToukokuu 2025Wittedin liikevaihto oli 4,6 (4,7) miljoonaa euroa toukokuussa 2025. Konsernin viimeisimmän 12 kuukauden (LTM)... ...
6/10/2025, 8:59 AM
by Karhu Hylje
26
Moro @Putti, Hyvä kun bongailet ja jaat tuota rapsaa tännekin. Mun silmissä tuo data on ”rikki”. Teknisesti en usko, että se on rikki. Excel itsessään toimii, mutta toimiala muuttui 2022. Sitä ennen firmat tekivät paljon yhteistyötä, informaatiota uusista projekteista jaettiin paljon...
yesterday
by Harri Sieppi
23
Tää on jopa yllättävän kontroversiaalia suomalaisten sijoittajien keskuudessa tarkastella osakkeen kurssiliikkeitä systemaattisesti ja yrittää ymmärtää sijoittajien psykologiaa ja tunnetiloja niiden kautta. Sijoittaminen on kansan keskuudessa vielä niin uusi harrastus ja meidän markkinagur...
6/12/2025, 11:20 AM
by Pohjolan Eka
23
Ei hemmetti, ai seitsemäs päivä? Voihan pylly. Nyt kaikki sit olettaa, että jatkossakin näitä toimitetaan etuajassa. No ei voi mitään. Se mikä näissä on, että tiedot pitää julkaista heti kun ne valmistuu. Nyt ne sit valmistu tänään. Tässä vielä meikän yhteenveto kuukaudesta: TOUKOKUU...
6/10/2025, 11:12 AM
by Harri Sieppi
16
Frans on antanut kommenttinsa Wittedin toukokuusta. Wittedin toukokuun liikevaihto kasvoi (-3 %) odotuksiamme paremmin ja kääntyi työpäiväoikaistuna kasvuun (+2 %) ensimmäistä kertaa sitten Q1’23:n. Asiantuntijakohtainen liikevaihto oli erinomaisella tasolla, ja asiantuntijamäärä...
6/11/2025, 4:51 AM
by Sijoittaja-alokas
15
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