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
    }
  }
}


netum-group-no-surprises-due-to-preliminary-figures-evli

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

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.

Here is a company report on Netum from Joni right after Q1  We reiterate our Reduce recommendation for the stock and lower the target price to EUR 1.05 (prev. EUR 1.10). Overall, the Q1 report was slightly softer than our expectations, although profitability was a solid defensive win. Looking ahead, the direction driven by sales is correct, but there is still clear uncertainty regarding the timing of sales and its impact on revenue and profitability. Furthermore, the valuation is stretched and does not yet encourage jumping on board (2026-27e EV/EBITA and P/E are ~13-11x).                   Inderes              Netum Q1'26: Oikeita asioita tapahtuu, mutta vielä ei ole aika - Inderes    Q1-raportti oli isossa kuvassa hieman odotuksiamme pehmeämpi, vaikka kannattavuus oli hyvä torjuntavoitto. Tulevaisuutta ajatellen suunta on myynnin vetämänä oikea, mutta myynnin ajoitukseen sekä sen vaikutukseen liikevaihdossa ja kannattavuudessa...

Joni interviewed Netum’s CEO Repe Harmanen after the Q1 results release                    Inderes              Netum Q1'26: Kannattavuuden osalta torjuntavoitto - Inderes    Aika: 28.04.2026 klo 13.25 Netumin liikevaihto laski rajusti Q1:llä, mutta kannattavuus oli laskuun suhteutettuna torjuntavoitto. Yhtiö toteutti alkuvuodesta muutosneuvottelut tukeakseen kannattavuutta jatkossa.                             Topics: 00:00 Intro  00:26 Development in the early part of the year  03:32 Sales development and project timing  07:05 Pricing  10:33 Acquisition of Cyberwatch Oy  13:53 Increased demand for cybersecurity  17:12 Strategy work

Netum’s results from this morning                   Inderes              Netum Group Oyj:n liiketoimintakatsaus 1.1.–31.3.2026: Tammi–maaliskuun 2026...    Netum Group Oyj | Yhtiötiedote | 28.4.2026 klo 8.00Netum Group Oyj:n liiketoimintakatsaus 1.1.–31.3.2026: Tammi–maaliskuun 2026 liikevaihto laski 25,2 %, EBITA 1,8 % liikevaihdostaTämä tiedote...                                               Inderes – 28 Apr 26              Robokommentti Netumin Q1-tuloksesta - Inderes    Netumin Q1-liikevaihto jäi selvästi odotuksistamme suurten projektitoimitusten päättymisen vaikutuksen osoittautuessa ennakoitua syvemmäksi. Kannattavuus oli absoluuttisesti linjassa odotuksiimme, mutta heikon volyymin vuoksi raportoitu tulos painui...                                               Inderes – 28 Apr 26              Netum Q1’26 -pikakommentti: Liikevaihdon kehitys oli pettymys ja kannattavuus...    Tulevaisuuteen katsoessa ollaan oikeaan suuntaan matkalla myynnin ajamana, mutta vaikutuksen ajoitukseen liittyy edelleen selvää epävarmuutta.

Here are Joni’s pre-result comments as Netum reports its Q1 results on Tuesday, April 28th  In our view, there were positive signals in the IT services market in Q4 for the first time in a while, and Netum’s sales have also progressed well in the early part of the year. However, we expect the company’s revenue to have decreased significantly from the comparison period as a result of the decrease in the workload of large projects. We estimate that profitability remained at a low level due to weak utilization rates, although the efficiency measures implemented in the early part of the year are gradually beginning to support the cost structure. We are following comments on sales and the state of the IT services market. In March, we published an extensive report on the company, which remains very timely and can be read here.                   Inderes – 23 Apr 26              Netum Q1’26 -ennakko: Suurten projektien päättyminen painaa vielä alkuvuotta...    Ennustamme liikevaihdon laskeneen Q1:llä 12 % suurten projektien päättyessä. Myynti on viime aikoina ollut hyvää, mutta ei vielä paikkaa syntynyttä aukkoa.

Here are Joni’s comments on Netum’s recent acquisition  Netum announced on Tuesday that it is acquiring the small cybersecurity company Cyberwatch Oy. We consider the acquisition a strategically logical step that strengthens Netum’s offering in the growing cybersecurity market and brings new specialized expertise to the group. The deal has a slight positive impact on our forecasts, but it does not significantly change the big picture of the company or its challenging market situation. The company did not fully disclose the purchase price, which makes it difficult for us to comment on the final valuation of the deal.                   Inderes – 22 Apr 26              Netum vahvistaa kyberturvaosaamistaan ostamalla pienen Cyberwatchin - Inderes    Kyberosto vahvistaa strategista osaamista ja tuo taloon kovan 30 prosentin käyttökatemarginaalin.

CEO’s review from last week’s Annual General Meeting!                    Inderes              Netumin yhtiökokous | Toimitusjohtajan katsaus 15.4.2026 - Inderes    Aika: 21.04.2026 klo 09.18 Toimitusjohtaja Repe Harmasen katsaus Netumin yhtiökokouksesta 15.4.2026.

@Joni_Gronqvist and @Iikka_Numminen discussed Netum based on the recent comprehensive report                    Inderes              Netum: IT-palvelusektori sutii paikoillaan - Inderes    Aika: 25.03.2026 klo 09.42 Netumin tuloskunto on heikentynyt muun sektorin ohella.                             Topics: 00:00 Introduction  00:18 Why the share has fallen over 80%  00:59 Netum is smaller than its peers  02:30 Current earnings performance  03:46 Acquisitions  06:00 Forecasts  09:02 Ample debt  10:14 Recommendation

Netum Group

Netum had provided preliminary figures before the H1 results and the earnings report held no surprises. Revenue grew 47.8% y/y (22.6% organic) while the comp. EBITA-margin fell by 4.0%p y/y ...

Netum had provided preliminary figures before the H1 results and the earnings report held no surprises. Revenue grew 47.8% y/y (22.6% organic) while the comp. EBITA-margin fell by 4.0%p y/y to 11.4%. The number of employees grew 53.8% y/y.