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
    }
  }
}


digital-workforce-shifting-focus-growth-profitability

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Joni Grönqvist

Digital Workforce is a service provider specializing in industrial-scale process automation services. The company's service offering covers the entire intelligent automation lifecycle: design and consulting, development and deployment, cloud-based platform, support and maintenance, and further development. The company offers services and solutions to customers in various industries, including finance, healthcare, industry, logistics, and various public actors.

Bro, I was just about to come and wonder if this wasn’t a wildly good investment, but I’m not wondering so much anymore, thanks to your post. Here are the insider moves; I only included normal buys and sells here  You can take a look and reflect on it:   I used the Premium feature to get this data:                  Inderes              Pohjoismaiden sisäpiirin kaupat | Reaaliaikaiset johdon kaupat - Inderes    Seuraa sisäpiirin kauppoja ja johdon kaupankäyntiä Pohjoismaiden markkinoilla. Reaaliaikaiset päivitykset osakkeiden ostoista, myynneistä ja sisäpiirikaupankäynnistä yhtiöiden johtajien, hallituksen jäsenten ja avainhenkilöiden toimesta...

I’ve been following DWF with half an eye for a while, as this activity raises so many questions about what the goal is.  A while ago, ambitious targets were set for the coming years, which have now already been slightly moderated in their wording. Dividends are paid out relatively generously, and one reason for that is to attract new owners. Capitalizations have increased, which makes the guided EBITDA look perhaps better than it actually is. Management, however, isn’t buying the stock even though there should be a growth path and the valuation is cheap relative to the targets.  Somehow, it creates the impression that they are trying to support the share price through various means. The operations are somewhat vague, and the outcome isn’t as desired either. DWF seems like a lucrative investment, but there is no real concrete evidence that the direction is correct. Even the partnership announced this morning is just a partnership without any minimum commitment level. My own trust in management is indeed fragile.

New strategic partnership for the insurance sector:                   Inderes              Sisäpiiritieto: Digital Workforce ja Davies ovat solmineet strategisen...    20.2.2026 09:45:01 EET | Digital Workforce Services Oyj | SisäpiiritietoDigital Workforce Services Oyj | Sisäpiiritieto | 20.2.2026 klo 9.45 Sisäpiiritieto: Digital Workforce ja Davies ovat ...

A fresh report from Joni regarding the financial results: We reiterate our Add rating for the share and a target price of EUR 3.2. Digital Workforce’s Q4 figures were overall slightly softer than our expectations. The strategy resonates, and strategically important wins have been seen in the early part of the year. Now, clearer confirmation regarding growth is still expected, as well as its scaling into profitability. In our view, the valuation (2026e EV/EBIT 13x with an EBITDA-% of 8%, sum of parts €3.4) is attractive.                   Inderes              Digital Workforce Q4'25: Näyttöjen vuosi - Inderes    Strategia resonoi ja alkuvuonna ollaan nähty strategisesti tärkeitä voittoja. Nyt tästä odotetaan edelleen selkeämpää vahvistusta kasvun osalta, sekä sen skaalautumista kannattavuuteen.

Joni interviewed Digital Workforce CEO Jussi Vasama regarding Q4                    Inderes              Digital Workforce Q4'25: Kannattava kasvu jatkui - Inderes    Aika: 18.02.2026 klo 14.00 Digital Workforcen liikevaihto kasvoi Q4:lla vahvasti yritysoston vetämänä ja kannattavuutta onnistuttiin parantamaan.                             Topics: 00:00 Introduction  00:21 Q4 summary  01:45 Revenue growth drivers  03:34 Improved profitability level  04:23 Increase in capitalizations  06:50 Contracts won at the beginning of the year  09:54 Market outlook  13:51 Background assumptions for guidance  15:24 Reaching financial targets  16:43 Dividend payment

By the way, they could have used the dividend amount to buy out the shares of the weak hands. A share buyback via a tender offer would have been a better option. Proposed dividend amount - tender offer supply at e.g. €2.5 / share = dividend for 2025. There would still have been something left for the dividend payment after the share acquisitions, I believe.

Here are Joni’s quick comments on the Q4 results.  Digital Workforce announced its 2025 financial statements this morning. Revenue grew strongly, driven by an acquisition, and was in line with our expectations. Profitability improved significantly but fell short of expectations. The company has won promising new and strategically key contracts in the early part of the year, which improves confidence, but there is still work to be done. The company’s guidance is well in line with our forecasts and even a slight positive surprise in terms of profitability. The dividend proposal exceeded our forecasts, and as a decision for a growth company, the high dividend proposal is a bit puzzling.                   Inderes              Digital Workforce Q4’25 -pikakommentti: Raportti oli usealla tavalla...    Liikevaihto kasvoi vahvasti yritysoston vetämänä ja oli linjassa odotuksiimme. Kannattavuus parani selvästi, mutta jäi odotuksista.

Digital Workforce

Digital Workforce's revenue growth was well below expectations in H1, pressured by a mature market. However, the earnings level was in line with expectations. The company is now focusing primarily on profitability, which is logical in the current uncertain market environment. In the current market environment, we expect more moderate but profitable growth in the coming years. In our view, the valuation of the stock is attractive from several perspectives (2024e EV/S 1.1x, EV/EBIT 15x and DCF 6.7), especially given the unfinished profitability turnaround. 


<p>Digital Workforce's revenue growth was well below expectations in H1, pressured by a mature market. However, the earnings level was in line with expectations. The company is now focusing primarily on profitability, which is logical in the current uncertain market environment. In the current market environment, we expect more moderate but profitable growth in the coming years. In our view, the valuation of the stock is attractive from several perspectives (2024e EV/S 1.1x, EV/EBIT 15x and DCF 6.7), especially given the unfinished profitability turnaround.</p> 

	2022	23e	24e
Revenue	25.5	26.1	28.9
growth-%	13.9 %	2.6 %	10.4 %
EBIT (adj.)	-1.3	0.5	2.1
EBIT-% (adj.)	-5.0 %	2.1 %	7.4 %
EPS (adj.)	-0.15	0.05	0.17
Dividend	0.00	0.00	0.00
Dividend %
P/E (adj.)	neg.	47.2	15.2
EV/EBITDA	neg.	24.3	5.0

Digital Workforce: Shifting focus from growth to profitability

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Key Estimate Figures23.08.2023

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