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
            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

Analyst

Roni Peuranheimo

Tecnotree operates in the IT sector. The company specializes in the development of digital communication solutions. The services include, for example, business process services and subscription management for corporate customers in telecom and other digital service providers. Operations are held on a global level, with the largest presence in Asia, Africa and the Middle East.

Inderes              Tecnotree Oyj: Arvopaperimarkkinalain 9 luvun 10 pykälässä tarkoitettu...    Tecnotree Oyj pörssitiedote 20.2.2026 klo 13:30Tecnotree Oyj on vastaanottanut 20.2.2026 seuraavan arvopaperimarkkinalain ("AML") 9 luvun 5 pykälän mukaisen ilmoituksen, jonka mukaan Kyösti ...                              Tecnotree Plc has received on 20 February 2026 the following notification in accordance with Chapter 9, Section 5 of the Securities Markets Act (“SMA”), according to which the combined holding of shares and voting rights of Kyösti Kakkonen, Joensuun Kauppa ja Kone Oy, K22 Finance Oy, and Kakkonen-Yhtiöt Oy in Tecnotree Plc fell below 5 percent on 18 February 2026. According to the notification, the reason for the notification is an event changing the distribution of shares or voting rights.

Does a “Hold” recommendation mean that Inderes does not recommend accepting the tender offer?

Here is Roni’s preview for when Tecnotree reports its Q4 results on Wednesday, February 25, 2026  The recently announced tender offer for the company is currently the main driver for the stock. In connection with the tender offer, the company also confirmed its 2025 guidance and provided guidance for 2026, so there should no longer be any surprises. For Q4, we expect single-digit revenue growth, very strong profitability in line with guidance, and moderately positive free cash flow.                   Inderes              Tecnotree Q4’25 -ennakko: Ostotarjous osakkeen pääajuri - Inderes    Yhtiöstä hiljattain julkaistu ostotarjous toimii osakkeen pääajurina tällä hetkellä.

The drop below Jorma Nieminen’s 10% threshold was caused by the dilution resulting from the conversion of convertible bonds (and correspondingly, the increase in the ownership shares of Padma Ravichander and Johan Hammarén). However, the number of shares held by Jorma Nieminen and his company continued to grow from the amount at the end of January (now 1.890 million shares, vs. 1.701 million shares at the end of January), so it appears that Nieminen has continued to purchase shares from the market. Tecnotree Oyj: Arvopaperimarkkinalain 9 luvun 10 pykälässä tarkoitettu liputusilmoitus - Inderes

Tärkeimmät talousuutiset | Kauppalehti – 19 Feb 26              Kolme liputusilmoitusta Tecnotreeltä    Ohjelmistoyhtiö Tecnotree on vastaanottanut kolme liputusilmoitusta, joiden myötä useiden omistajien omistus- ja ääniosuudet ovat muuttuneet.                             Jorma Nieminen’s, 4capes’ and Osuusasunnot Oy’s combined ownership fell below the 10 percent flagging threshold. According to the announcement, the combined ownership is now 8.28 percent of Tecnotree’s shares and votes. Johan Hammarén’s and his controlled company Oy Hammarén & Co’s ownership exceeded the 5 percent threshold and rose to 8.16 Padma Ravichander’s ownership exceeded the 20 percent flagging threshold and rose to 22.06 percent”

Padma will not appear in the next briefing. Only CFO Indiresh Vivekananda will give the presentation (event on Feb 26, results on Feb 25). The invitation states the following: “The online event will be presented by CFO Indiresh Vivekananda. Due to the voluntary recommended public cash tender offer announced by Resilience Investment Holdings Ltd. on February 5, 2026, investor and analyst communications during the offer period, including all IR events, have been centralized under the responsibility of CFO Vivekananda. As previously announced, CEO Padma Ravichander is part of the buyer consortium. This arrangement ensures proper governance and transparency during the offer period. Padma Ravichander continues in her role as CEO of Tecnotree and is responsible for the company’s daily operations.”            Tecnotree              Kutsu: Tecnotreen Q4 ja koko vuoden 2025 tuloslähetys 26.2.2026

The mail slot rattled. Following the instructions in the letter, I acted immediately and held my own silent protest by shredding the letter without opening it

Tecnotree

Tecnotree has continued to grow strongly in recent years, but the company has been unable to convert its EBIT into cash flow due to working capital tie-ups, foreign exchange losses and large investments in product development. The company's internal focus is currently on improving cash flow, but there is no evidence of this yet. 

<p>Tecnotree has continued to grow strongly in recent years, but the company has been unable to convert its EBIT into cash flow due to working capital tie-ups, foreign exchange losses and large investments in product development. The company's internal focus is currently on improving cash flow, but there is no evidence of this yet. The valuation would be attractive if the company's cash flow approached the company's profit level. However, we do not expect an immediate improvement here and with the current cash flow profile we do not see the risk/reward ratio as attractive.</p>

	2023	24e	25e
Revenue	78.4	82.3	86.2
growth-%	9.5 %	5.0 %	4.7 %
EBIT (adj.)	23.8	27.2	26.4
EBIT-% (adj.)	30.4 %	33.0 %	30.6 %
EPS (adj.)	0.71	0.96	1.07
Dividend	0.01	0.02	0.02
Dividend %	0.2 %	0.4 %	0.4 %
P/E (adj.)	9.6	5.8	5.3
EV/EBITDA	4.1	2.7	2.1

Cash flow still needs to be proven

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Key Estimate Figures10.05.2024

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