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
    }
  }
}


solwers-first-acquisition-in-poland-announced-nordea

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Solwers is a consulting company focused on the industrial sector. The company specializes in digital solutions that involve planning and project management services. Examples of the company's services include architecture, technical consulting, environmental monitoring, project management, circular economy and digital solutions. Customers are found in several industries, mainly among small and medium-sized business customers. Operations are found throughout the global market, with the largest presence in the Nordic region.

It is encouraging that the new CEO has plenty of confidence. He has, however, already had time to familiarize himself with the subsidiaries at this point. I spoke with him at the investment fair, and that was the plan for the first few weeks. Here are our comments on Poland                   Inderes              Solwersille ensimmäinen yritysosto Puolassa - Inderes    Solwers tiedotti torstaina laajentavansa toimintaansa Puolaan ostamalla taloushallinnon palveluita tarjoavan Szwak & Spółka Sp. z o.o.:n koko osakekannan. Puolaan oli aiemmin perustettu jo maayhtiö, joten ensimmäinen yritysosto Puolassa oli...

There’s the first step into Poland  Get the foundation in order first through financial management and accounting   First acquisition in Poland for Solwers Solwers Plc, Press Release, December 18, 2025 at 19:15  Solwers Plc’s subsidiary Solwers Poland Sp. z o.o. has today signed an agreement to acquire the entire share capital of Szwak & Spółka Sp. z o.o. The company will be reported as part of the group starting from December 1, 2025. Located in Poznań, Poland, Szwak & i Spółka Sp. z o.o. operates in the fields of financial consulting, accounting, and payroll. The operations are characterized by automation-based, digitized processes and a strong corporate culture. The customer base includes approximately 250 companies, ranging from small sole proprietorships to large listed companies. The company was founded in 2009 and employs approximately 30 financial management professionals. Revenue in 2024 was 8.2 million Polish zlotys, and the adjusted operating profit margin was approximately 24 percent. Expansion into new markets is part of Solwers’ growth strategy. The acquisition of local financial consulting strengthens future acquisitions and will also support other group companies in the future. Solwers now includes three financial management expert companies: in Finland, Sweden, and Poland.  The new CEO has also been shopping in the stock market.  The

Solwers’ new CEO Johan Ehrnrooth and Communications Director Jasmine Jussila were talking about their company as an investment at the Investor 2025 event.                    Inderes              Solwers sijoituskohteena | Sijoittaja 2025 - Inderes    Aika: 28.11.2025 klo 11.21 Solwersin toimitusjohtaja Johan Ehrnrooth ja viestintäjohtaja Jasmine Jussila kertovat yhtiön liiketoiminnasta Sijoittaja 2025 -tapahtumassa.

Our views on companies are for one year ahead, and currently, Solwers is a “buy” and Sitowise is a “sell”. I also remind you that we are not allowed to give personal investment advice, so asking which one to add to your portfolio is a bit problematic from that perspective. More detailed justifications for our views can be found in the companies’ analyses. In the big picture, both companies are in roughly similar situations, where at the bottom of the cycle, the debt-to-earnings ratio has risen high, and now the question is how quickly earnings can be expected to recover. Looking further ahead, I also see potential in Sitowise if things can be sorted out in Sweden, but we are now waiting for clearer signs of this. In Finland, Sitowise has, in my opinion, succeeded very well, but in Sweden, things are currently going very poorly, and at least some of the acquisitions seem to have failed. Solwers also has some misses in Sweden based on 2024 figures, such as ELE Engineering, but mainly successful acquisitions that overshadow the misses.

I don’t know if you can or want to answer, but I’ll ask anyway since you also mentioned Sitowise. If you had to choose, say, with a 2-year investment horizon, which of these two for the portfolio: Solwers or Sitowise?

Financial costs are indeed below the EBIT-% that I refer to here as the profitability level, so they are not the reason. The idea has been that in better years, competition has not been as fierce, which has allowed for a good margin through pricing. Apparently, previously the phone rang frequently in consulting firms, and now they have had to call clients more themselves. But indeed, it is possible that the company will still reach historical profitability levels, but we are more cautious at this stage. The company’s profitability consists mainly of 3 components, which are   Employee utilization rate, which already improved slightly and is predicted to increase further in the coming quarters, as the order backlog grew and the number of employees decreased.   Scaling of common group expenses with sales growth (Solwers has fewer of these than, for example, Sitowise, as subsidiaries are not integrated in the same way, and all have their own IT systems, among other things).   Price increases as demand begins to rise relative to supply. The timing of this is the most difficult component to predict, as it depends on how market investments start to pick up. This is currently only predicted to start from H2’2026, as price levels were still low in the Q3 review.   The question you mentioned about the number of framework agreements and the prices agreed upon in them, and what kind of delay this creates for price increases, is excellent, and I intend to ask about this when I meet the new management in connection with the comprehensive report update. I know that some of you investors have been following Solwers’ activities much longer than I have, and if you have more questions on your mind, please send them in. The revenue split directly through framework agreements has not been disclosed, to my understanding, but the company provides these key figures

Lainaus raportista:  Currently, the key question remains what the company’s normal profitability level will be when the market finally improves. In our opinion, it is clear that it will be significantly better than the 2024-25 level, which is burdened by a weak cycle and one-off costs, but a return to the 2019-2023 averages (EBIT 7.9%) currently seems unlikely.  @Olli_Vilppo Do I understand correctly that increased financing costs are, in your opinion, the main reason why the 2019-2023 profitability levels cannot be reached? Or what is the sticking point? I’m also considering other reasons. The comprehensive report mentions that roughly half of the revenue comes from the public sector. Is it known how much of that comes through framework agreements? My point is that if multi-year framework agreements have had to be sold cheaply, then they are stuck with them. The same is apparently seen, for example, in the IT sector. Edit: In Pörssisijoittajan viikko 9.9.2025, the CEO says “we do quite a lot of our work through framework agreements” and a slide shows >250 framework agreements.

Solwers

Solwers has today signed an agreement to buy 100% of Szwak & Spółka Sp. z o.o, a company that specialises in financial consulting, accounting and payroll services, characterized by automation...

Solwers has today signed an agreement to buy 100% of Szwak &amp; Spółka Sp. z o.o, a company that specialises in financial consulting, accounting and payroll services, characterized by automation-based, digitalised processes and a strong corporate culture. In 2024, its revenue was PLN 8.2m with an adjusted operating profit margin of 24% (EUR ~2m sales and EUR ~0.5m EBIT), implying ~2% sales increase and ~17% EBIT increase to our 2026 estimates. The transaction price was not disclosed, but we would assume around EUR 3m on a debt-free basis. The company will be consolidated into Solwers from 1 December 2025. According to Solwers, the acquisition of a local financial consulting firm strengthens future acquisitions and will also support other group companies going forward. Solwers now has financial administration companies in all its markets, Finland, Sweden and Poland. We view the acquisition initially as positive. We also note that the new CEO, Johan Ehrnrooth, who started in his new role on 24 November, has during Q4 acquired ~46,000 shares in Solwers for EUR ~100,000.