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
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    id
  }
  tags {
    name
    id
  }
  ... 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
      researchContentUrl
    }
    ... 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
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      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
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

Head of Research

Antti Viljakainen

Analyst

Tommi Saarinen

Betolar is a pioneering materials technology company focusing on turning industrial side streams into value. Betolar offers continuous competitive edge to the construction industry and enable the transition towards a sustainable built environment - socially, environmentally and economically.

Well, that’s probably their vision for how to build a bunker around their low-carbon concrete… Nothing new at all… Next, they’ll innovate a dwelling where many families live on top of each other

“Betolar’s protection solution is based on physical protection designed to prevent impacts, vandalism, and especially drone threats. Betolar states that the solution can be rapidly deployed in various locations and utilizes local material solutions.” The company is able to periodically announce these mystical innovations, which send the stock price soaring for a limited time. They could at least explain a little more precisely whether it’s new architecture… a more durable/affordable material for existing enclosures… what “local material solutions” means…

Here are Tommi’s comments on this latest release.  Betolar announced this morning that it has developed a new solution for protecting critical infrastructure, such as substations, against drone and other physical threats. The solution is an opening in a large and growing defense market, which is a new direction for Betolar’s commercialization efforts. Betolar states that the solution utilizes the company’s existing technology, and the company has also filed a new patent application related to the solution. The announcement does not cause immediate changes to our forecasts, and we await further information on the topic in connection with the company’s Q1’26 report on April 23.                   Inderes              Betolarilta ratkaisu kriittisen infrastruktuurin suojaukseen - Inderes    Betolar tiedotti aamulla kehittäneensä uuden ratkaisun kriittisen infrastruktuurin, kuten sähköasemien, suojaamiseen drooni- ja muita fyysisiä uhkia vastaan.

To me, that seems more like an April Fool’s joke. That’s how much business value it has. Betolar’s operations are indeed becoming desperate.

The stock has entered a strong rally with this announcement. Trading volume is still quite low, of course. Linking to the defense sector is a sure way to generate at least some hype . There is real potential here, and I hope things start working out. I have a small portion of the stock in my portfolio. It’s just funny to notice that announcements in this sector seem to have an incredibly strong and immediate impact.

Betolar Oyj has developed a solution for protecting critical infrastructure, such as substations. The protection solution has been designed to respond to the rapidly tightened security situation in Finland and internationally.                   Inderes              Betolar Oyj: Betolarilta ratkaisu kriittisen infrastruktuurin suojaamiseksi...    2.4.2026 klo 8:15Betolar OyjLehdistötiedote Betolarilta ratkaisu kriittisen infrastruktuurin suojaamiseksi drooni- ja muita uhkia vastaan Betolar Oyj on kehittänyt ratkaisun kriittisen infrastruktuuri...                             Recent events in Finland and elsewhere in Europe have highlighted the vulnerability of power grids and other critical infrastructure. Damage to substations, and especially main transformers, can cause widespread and long-lasting disruptions to the functioning of society. Replacing transformers can take over a year due to long delivery times and high demand. Thus, the financial impact of damages can be significant.

Here is a new company report from Tommi on Betolar  Betolar has not reported sales successes in early 2025 similar to Q4’25, based on which we estimate sales development to have been weaker than our expectations. As a result, we have lowered our revenue forecasts for the current year and the next few years. The valuation remains tight in the short term, and financing-related question marks keep the risk level high. Given this overall picture, the stock’s risk-reward ratio remains subdued despite market potential. Reflecting the forecast changes, we lower our target price to EUR 1.1 (previously 1.3) and reiterate our Reduce recommendation.                   Inderes              Betolar: Myynti loppuvuoden projekteihin on käynnissä - Inderes    Laskimme liikevaihdon ennusteitamme, sillä tulkitsemme uusmyynnin sujuneen ennusteitamme hitaammin.

Betolar

Betolar has been listed for just over 2 years, and we believe 2024 is a critical year for the company’s investment story, as the commercialization of more environmentally friendly concrete has so far been slow and raising financing is likely to be costly for existing owners without further solid evidence of growth.

<p>Betolar has been listed for just over 2 years, and we believe 2024 is a critical year for the company’s investment story, as the commercialization of more environmentally friendly concrete has so far been slow and raising financing is likely to be costly for existing owners without further solid evidence of growth.</p> 

	2022	23e	24e
Revenue	0.3	0.5	3.0
growth-%	2,770.0 %	85.0 %	465.0 %
EBIT (adj.)	-11.5	-13.0	-6.5
EBIT-% (adj.)	-4,013.2 %	-2,445.0 %	-215.7 %
EPS (adj.)	-0.61	-0.66	-0.34
Dividend	0.00	0.00	0.00
Dividend %
P/E (adj.)	neg.	neg.	neg.
EV/EBITDA	neg.	neg.	neg.

Betolar: Growth or significant dilution

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Key Estimate Figures05.11.2023

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