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Hyvä aloitus vuodelle

NETUMResearch08.05.2024 klo 08.59

Joni GrönqvistAnalyst

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Q1 oli operatiivisesti hyvä ja sektoria parempi suoritus. Lisäksi markkinakommentit olivat varovaisen positiiviset. Ennustamme maltillista ja sektoria parempaa kasvua sekä selvää kannattavuus-parannusta vuonna 2024. Ennusteillamme arvostuskuva (2024 EV/EBIT 8x ja P/E 12x) on edelleen houkutteleva.

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Netum Group 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.

Key Estimate Figures07.05.2024

	2023	24e	25e
Revenue	37.1	45.2	46.1
growth-%	27.2 %	22.0 %	1.8 %
EBIT (adj.)	2.8	4.7	4.8
EBIT-% (adj.)	7.4 %	10.3 %	10.4 %
EPS (adj.)	0.16	0.23	0.29
Dividend	0.00	0.14	0.16
Dividend %		18.0 %	20.6 %
P/E (adj.)	16.7	3.3	2.7
EV/EBITDA	16.1	3.0	2.6

Forum discussions

Here is a company report on Netum from Joni following the Q3 results We reiterate our target price of EUR 0.55 for the share and lower our recommendat...

9 hours ago

by Sijoittaja-alokas

Netum’s CEO Repe Harmanen was chatting with Joni regarding Q3 Topics: (00:00) Netum’s Q3 performance (02:45) Profit warning (04:05) Successful...

yesterday

by Sijoittaja-alokas

Here are Joni’s quick comments following Netum’s morning earnings release Netum published its Q3 business review this morning, which exceeded...

yesterday

by Sijoittaja-alokas

Here is Netum’s press release on the conclusion of the change negotiations. Netum Group Plc | Press Release | 27 October 2026 at 15:00 EEST ...

10/27/2026, 10:04 PM

by Sijoittaja-alokas

Here are Joni’s preview comments as Netum reports its Q3 results next Tuesday. In September, the company issued a profit warning, lowering its...

10/27/2026, 5:56 AM

by Sijoittaja-alokas

The KEHA Centre was one of those large contracts from last year that “ended.” So, it was important to be involved here and secure good rankings...

10/23/2026, 7:47 AM

by Joni Grönqvist

Here are Joni’s comments following Netum being selected as a supplier for two extensive IT specialist service framework agreements with the ...

10/23/2026, 5:35 AM

by Sijoittaja-alokas

Hyvä aloitus vuodelle

NETUMResearch08.05.2024 klo 08.59

Joni GrönqvistAnalyst

Discuss

Download report (PDF)This report is only available for Inderes Premium customers.

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Key Estimate Figures07.05.2024

	2023	24e	25e
Revenue	37.1	45.2	46.1
growth-%	27.2 %	22.0 %	1.8 %
EBIT (adj.)	2.8	4.7	4.8
EBIT-% (adj.)	7.4 %	10.3 %	10.4 %
EPS (adj.)	0.16	0.23	0.29
Dividend	0.00	0.14	0.16
Dividend %		18.0 %	20.6 %
P/E (adj.)	16.7	3.3	2.7
EV/EBITDA	16.1	3.0	2.6