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
    }
  }
}


capman-strong-growth-with-improved-clarity-nordea

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

CapMan is an investment company. The vision is to be a long-term owner and create added value for the shareholders in the long term. CapMan mainly invests in medium-sized unlisted companies, properties and infrastructure facilities around the Nordic market. Furthermore, the company offers asset management, purchasing activities as well as analysis, reporting and back office services. CapMan was founded in 1989 and its headquarters are in Helsinki, Finland.

CapMan update fresh out of the oven. The big picture remains unchanged; the stock is cheap if fundraising succeeds and the fee result scales. A step forward in fundraising was taken in the early part of the year, and the company expects fund closures in the coming months. This is likely to remove uncertainty regarding the success of fundraising. One could certainly justify a bolder view here, but personally, I want to see concrete progress in fundraising first.                    Inderes              CapMan Q1'26: Katseet edelleen tiukasti varainkeruussa - Inderes    CapManin Q1 sujui hyvin ja strategian kannalta kriittiset varainkeruut vaikuttaisivat liikkuvan oikeaan suuntaan.

CapMan posted a very solid set of numbers for Q1 for a change. In my opinion, the most important takeaway was that the company is now talking about months, not quarters, regarding fundraising. The tone in their commentary, especially regarding NRE4, is also clearly more positive. Generally speaking, fundraising hasn’t become significantly more difficult despite the war in Iran. Today’s share price reaction is well-deserved. Attached is an interview where, in addition to the usual themes, we finally discussed the development of an individual portfolio company (Valokuituinen). I don’t recall ever covering a single investment target during my 10 years of CapMan interviews, but this was a great opportunity!

News Powered by Cision              CapMan Infra hankkii enemmistöosuuden pohjoismaisesta...    CapMan Infra -lehdistötiedote 4.5.2026 klo 10.00 EEST  CapMan Infra on sopinut hankkivansa                             CapMan Infra has agreed to acquire a majority stake in HeliAir Sweden, a leading Nordic helicopter operator and lessor. The company provides society-critical aviation services, particularly for firefighting, energy and power grids, and the defense sector. HeliAir has built a strong position in the Nordic market and serves a diverse customer base in both the public and private sectors. The company provides critical helicopter services, such as aerial firefighting, power grid inspections, vegetation management, military training support services, and other specialized operations. HeliAir’s service offering is based on the company’s own, comprehensively produced services and its internal expertise in maintenance, refueling, and training.

News Powered by Cision              CapMan Natural Capital ja S-Pankin metsärahasto ovat sopineet 6 500 hehtaarin...    CapMan Natural Capital lehdistötiedote  30.4.2026 klo 8.00  CapMan Natural Capital ja S-Pankin                             CapMan Dasos European Forest Fund IV, a forest fund managed by CapMan Natural Capital, has acquired a forest portfolio of approximately 6,500 hectares in Finland from a forest fund managed by S-Bank. The acquired forests are located in the regions of Kainuu and North Karelia. The acquired forest portfolio is an excellent fit for the investment strategy of the new CapMan Dasos European Forest Fund IV in terms of both its location and characteristics. The fund’s objective is long-term value creation by managing European forest resources in an active and sustainable manner, while simultaneously generating measurable climate and nature benefits. The investment is the first for the CapMan Dasos European Forest Fund IV. The fund’s first closing took place in December 2025, and the fund continues to actively engage in both fundraising and investment activities.

Capman has always pulled some factor out of their sleeve to explain high costs. I believe this time it will be the opening of the Paris office. Personally, I’ve already prepared myself for disappointment, but there’s always a small spark of hope for those much-discussed economies of scale. Will they finally start to show?

Here are Sale’s pre-earnings thoughts as Capman releases its Q1 results next week.                    Inderes – 29 Apr 26              CapMan Q1'26 -ennakko: Numeroiden sijaan katse varainkeruun näkymissä - Inderes    Ennustamme Q1-liikevaihdon kasvavan 18 prosenttia, mutta varainkeruun onnistuminen on vuoden kriittisin mittari.

CapMan Q1 next Wednesday. In terms of numbers, the quarter should be quite “boring”, and major surprises are unlikely to be on offer. Regarding fundraising, we have to wait for major steps forward, as the company has not reported any fund closings. The big picture remains unchanged: if fundraising succeeds, the stock is very cheap; if it falls short, the stock is roughly correctly priced.

CapMan

CapMan's Q1 top-line figures and profitability both came in above our expectations. Adjusted EBIT was EUR 6.1m (our estimate: EUR 4.8m) and revenues reached EUR 16.3m (our estimate: EUR 15.9m...

CapMan's Q1 top-line figures and profitability both came in above our expectations. Adjusted EBIT was EUR 6.1m (our estimate: EUR 4.8m) and revenues reached EUR 16.3m (our estimate: EUR 15.9m). Relative to our estimates, the profitability beat was mainly supported by higher positive fair value changes of EUR 3.6m (our estimate: EUR 1.0m). Fee income grew to EUR 15.9m, corresponding to 22% y/y growth and resulting in EUR 2.2m in fee profit (up 48% y/y), which we note were the key positives of the Q1 results. Following minor positive estimate revisions, our SOTP-based fair value remains unchanged at EUR 1.6-2.0 per share.