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
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      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

Head of Nordic ER Development, Analyst

Antti Luiro

Analyst

Frans-Mikael Rostedt

LeadDesk operates in the IT sector. The company operates as a technical developer of software solutions. The solutions are used for analysis and processing of customers' sales and support functions. The largest operations are found in the Nordic market, where the customers consist of small and medium-sized business customers. The head office is located in Helsinki.

No niin… tulipa myöhään aika mielenkiintoinen tiedote!                   Inderes              Muutos LeadDesk Oyj:n johtoryhmässä  - Inderes    LeadDesk Oyj Yhtiötiedote 19.11.2025 klo 22.30Muutos LeadDesk Oyj:n johtoryhmässä LeadDesk Oyj (”LeadDesk”) on nimittänyt Samuel Lehtosen (taloustieteen maisteri) operatiiviseksi johtajaksi ...                             LeadDesk Plc Company Announcement 19.11.2025 at 10:30 p.m. Change in LeadDesk Plc’s Management Team LeadDesk Plc (“LeadDesk”) has appointed Samuel Lehtonen (Master of Science in Economics) as Vice President of Operations and a member of the Group’s Management Team, effective January 5, 2026. Samuel Lehtonen will report to CEO Olli Nokso-Koivisto. Samuel Lehtonen joins LeadDesk from McKinsey & Company, where he served as Engagement Manager. He has extensive experience in strategy, mergers and acquisitions, and transformations across various industries, including private equity, consumer goods, construction, energy, and logistics. Prior to McKinsey, Samuel worked at Deloitte, EY, and Capgemini Invent, where he focused on financial advisory, operational development, and strategic consulting. As Vice President of Operations, he will be responsible for the following tasks:  Developing and harmonizing operational processes across different markets Promoting the efficiency and scalability of LeadDesk’s growth operations Advancing strategy implementation and profitability improvement.  CEO Olli Nokso-Koivisto: “Samuel Lehtonen brings a strong combination of analytical rigor and execution capability. As we transition from integration and profitability improvement towards new growth, his experience in leading complex transformations will strengthen our operational expertise and scalability.” Samuel Lehtonen: “LeadDesk has built a strong position in Europe and an innovation culture. I am excited to join the team at this pivotal stage – to strengthen our operational foundation and help achieve sustainable, profitable growth.” LeadDesk’s Management Team from January 5, 2026:  Olli Nokso-Koivisto, CEO Teemu Rautiainen, CFO Michael Ramm Østgaard, Chief Revenue Officer Jarno Tenni, VP of Engineering Samuel Lehtonen, VP of Operations

That was a good article! Now just to execute the next growth leap and bring growth figures to investors! At the end of the article, Olli lamented the low trading volume of the stock and the scarcity of small investors, as according to him, the stock is mainly bought by nominee-registered entities. Yesterday, due to the attention generated by the article, the trading volume was a delightful 130,176 shares. Excluding the block trade in October, there hasn’t been a single full month this year where the trading volume was higher than yesterday’s daily volume. At the same time, according to Nordnet, approximately +110 new shareholders emerged.

@Olli_Nokso-Koivisto’s interview was in Kauppalehti today. The article discusses, among other things, the AI disruption and market consolidation                    Tärkeimmät talousuutiset | Kauppalehti – 12 Nov 25              Helsingin pörssissä on unohdettu yhtiö, jonka laariin tekoälyhuuma sataa...    Leaddeskin osake kävi korkealla koronapandemian aiheuttaman teknologiabuumin aikana. Sen jälkeen osakkeen kurssi on lässähtänyt, mutta firma on kulissien takana tehnyt aggressiivista laajentumista.

I’m not at all surprised that Proprius has taken a position in Leaddesk. The company’s share price is below its IPO price. Revenue has grown from 11 million euros in 2018 to nearly 40 million euros this year (CAGR 20%), and EBITDA is over 6 million euros. EV/SALES is hovering around one. The company’s main market is no longer even Finland; growth comes from international markets. Unfortunately, the trading volume of the company’s stock is very low. Even though the company has grown mainly through acquisitions, the low valuation of the stock is still puzzling. However, the company has made its acquisitions mainly with debt financing, and its own shares have only been used, if I recall correctly, when share prices were high during the boom years.

Proprius Partners Micro Finland bought and S-Bank Fenno Equity Fund sold.

100,000 unit deal                   Tärkeimmät talousuutiset | Kauppalehti – 29 Oct 25              LeadDeskin osakkeilla iso blokkikauppa    Kaupan kohteena oli 100 000 yhtiön osaketta, mikä vastaa noin 1,7 prosenttia yhtiön ulkona olevien osakkeiden määrästä.

A small follow-up comment on the report for those interested  Indeed, no major surprises emerged from Q3, meaning LeadDesk’s earnings growth is strong, especially supported by the Zisson acquisition and general cost discipline. Organic growth, in turn, was predictably weak, as the company’s investments in growth are still moderate. However, the organic development of revenue was weaker than our expectations, and according to our estimate, it will be negative for the full year 2025. On this front, forecast calculations were made, which naturally flowed into the earnings forecasts. A bit of a stream of thought behind this lowering of expectations. The weakness in 2025 growth is also due to one-off drivers: at the end of last year, there was a churn of less profitable customer accounts, and large project revenues in Q4 last year make the comparison period difficult. There were also regulatory changes in Spain & the Netherlands that weighed on Q3 growth. And of course, LeadDesk’s focus in 2025 is not yet on growth, so the expectation level is also lower. However, in recent years, various, in themselves one-off, growth inhibitors have regularly emerged (e.g., slowing purchasing decisions of large customers and a decrease in project revenue, churn of ‘temporary’ corona customers, shift in sales focus from fast SME business towards large accounts with longer sales cycles, weakening of crowns, churn of less profitable customer accounts, regulatory changes…), so it is necessary to leave room for small unexpected headwinds in the forecasts. In this lower growth phase, this has more significance than in a rising market, as their relative importance is slightly greater. Another perspective is the prerequisites for growth to pick up. Fundamentally, I would think that before increasing growth investments externally, some early signs of organic growth picking up would be visible. This would indicate that a somewhat tested recipe for strengthening growth has been found, which could be reinforced by increasing investments in sales and marketing. Currently, there are no clear signs of this, meaning it is unclear how effectively increasing growth investments will take hold. Against this background, I believe it is good to keep expectations moderate. Olli did comment in the interview that investment targets have started to form, which is of course a good sign, although in my opinion, a better picture of their effectiveness will only be obtained once more time has been invested in them. According to our view, the valuation is at a reasonable (2026e EV/EBIT 15x) or even very attractive level (DCF 9e/share vs. share price 6.9e/share), if the moderate organic growth pick-up to approximately 5% per year, as per our current forecasts, can be achieved. And on top of this, in my opinion, the company can be expected to make value-creating acquisitions, which are not yet included in the forecasts. However, the brakes on our view are the currently weak visibility into the level of organic growth going forward (will acceleration succeed and how well), and on the other hand, the still low peer valuations, within which there are fewer upside drivers for the valuation.  If you have any further questions on other topics, please feel free to ask

LeadDesk

LeadDesk is a SaaS software company whose product enhances the sales and customer service of companies in Europe. Its historical growth track record is good looking beyond short-term challenges...

<p>LeadDesk is a SaaS software company whose product enhances the sales and customer service of companies in Europe. Its historical growth track record is good looking beyond short-term challenges. Driven by strong market growth, competitive offering and good strategy implementation we expect the company’s organic growth to be 10-13% in the next few years. Relative to this, the share’s valuation (2023e EV/S: 1.4x) is very attractive and we believe it entails unjustifiably cautious expectations of the company. </p> 

	2021	22e	23e
Revenue	24.6	28.0	30.7
growth-%	78.0 %	13.9 %	9.8 %
EBIT (adj.)	1.1	0.7	1.5
EBIT-% (adj.)	4.6 %	2.4 %	4.8 %
EPS (adj.)	0.08	0.03	0.08
Dividend	0.00	0.00	0.00
Dividend %
P/E (adj.)	274.6	272.5	83.5
EV/EBITDA	37.7	13.0	9.8

LeadDesk: Better than its price

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Key Estimate Figures20.12.2022

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