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
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

Taaleri operates in the financial sector. The company is a Nordic private equity fund company that focuses on renewable energy and other alternative investments. The company has two business segments: Equity Funds and Strategic Investments. With its capital funds, Taaleri creates, for example, wind and solar power, biofuels and real estate. The company was founded in 2007 and its head office is located in Helsinki, Finland.

Personally, I would see these entities more as competitors. I have previously highlighted Korkia as one potential acquisition target in the sector, but the buyer would likely be someone other than Taaleri.

Could Korkia be a potential acquisition target for Taaleri? It would bring in significant expertise in renewables, and Korkia’s funds would certainly benefit from Taaleri’s organization and networks. According to Gemini’s calculations, Korkia’s valuation would be somewhere between 35-60m, so we wouldn’t be talking about figures with the decimal point in the wrong place anymore. Of course, it is possible that Korkia will list on the stock exchange as an independent company; after all, the company has over 600 shareholders.

I think in Taaleri’s case, one must also consider a scenario where the value of the parts increases, but the discount remains. Garantia has returned to brisk growth, and it is quite easy to see its value increasing in the coming years. Renewable Energy will grow with the next fund => value rises. A serious effort is now being made to push the Other Capital Funds into the black through growth => turning the result from negative to positive would certainly be value-creating (though the impact of this on the whole is admittedly small). The investment portfolio is then the wildcard here. What if the speculated “big move” actually hits the mark, like so many previous big moves (Garantia, Finsilva, the sale of Asset Management, Lainaamo/Fellow Finance)? With the valuation currently in the “mud division” (rock bottom), all possible value growth will indeed flow to the investors.

Yes, things are bound to happen now, as the market is full of assets available for purchase at bargain prices and Taaleri is swimming in cash with no other use for it than to invest. I believe the major release of undervalued sum-of-the-parts value will have to wait, as everyone knows by now that exiting Garantia, for example, won’t happen anytime soon; the market situation is not optimal for it, and there is no forced pressure to sell. I am inclined to view Taaleri as an investment through this current cycle: putting more money into the pot during the weak cycle with the goal of growing the businesses, aiming to exit the non-core branches when the “payday” arrives—say around 2029—in a better market environment at a multiple of the current price. Whatever more is acquired soon, an investor must still be prepared to wait years before the value of the holdings fully reflects in the share price. For this reason, I also don’t believe in a quick change in sentiment or the disappearance of the permanent valuation discount, because on the surface, Taaleri looks and feels like a value trap to investors, even though upon closer inspection it certainly isn’t one. Based on a strong gut feeling, the sentiment around the company will only turn after the first major exit or after the share price doubles (to €15). With these parameters, the company is definitely the royalty of value investments on the Hesuli (Helsinki) stock exchange.

This old analyst can sense that some major arrangement is being planned! That’s why Warren Buffett’s famous elephant gun metaphor was brought into the headline (Buffett and Berkshire have always been role models for Taaleri).                    Inderes              Taaleri Q1'26: Norsupyssy on ladattu - Inderes    Taaleri jatkoi Q1:llä strategian vauhdikasta toteuttamista ja numerot olivat linjassa odotuksiin. Yhtiö vaikuttaisi valmistautuvan suurempaan yritysjärjestelyyn, joka voisi toimia ajurina rajun aliarvostuksen purkamiselle.                             Is it finally happening now, @Pohjolan_Eka?

Taaleri CEO Ilkka Laurila was interviewed by Sale                    Inderes              Taaleri Q1’26: Strategia etenee vauhdikkaasti - Inderes    Aika: 29.04.2026 klo 16.52 Taaleri edistyi Q1:llä strategian etenemisessä tuotetarjontaa laajentamalla. Jatkuvat tuotot kasvoivat Garantian vahvan vakuutuspalvelutuloksen sekä pääomarahastoliiketoiminnan tukemina. Toimitusjohtaja Ilkka Laurila...                             Topics: 00:00 Intro  00:09 Q1 summary  00:52 Garantia  03:20 Nordic Science Investments  05:58 Private Credit  08:43 SolarWind IV  12:31 Strengthening liquidity  14:08 Joensuu Biocoal write-down  16:06 Canadian biorefinery project  18:06 Energy markets in Finland

And here are Sauli’s comments on Taaleri’s Q1 results.  Taaleri’s published Q1 results were operationally well in line with our estimates, and the numbers contained no significant surprises. The most important takeaway from the report was the progress in strategy, where the company has gained good momentum. Monday’s news regarding the new financing agreement also suggests that the company is preparing for a larger arrangement. Overall, we do not expect the report to create significant revision pressure for our estimates for the coming years.                   Inderes – 29 Apr 26              Taaleri Q1'26 -pikakommentti: Yhtiö vaikuttaisi valmistautuvan isompaan...    Operatiivisesti numeroissa ei ollut yllätyksiä ja strategia jatkaa reipasta edistymistään.

Taaleri

Taaleri's Q1 results were largely in line with our expectations on an underlying basis, owing specifically to a strong performance in Garantia. Relative to our estimates, the group's top-line...

Taaleri's Q1 results were largely in line with our expectations on an underlying basis, owing specifically to a strong performance in Garantia. Relative to our estimates, the group's top-line and profitability beat reflected higher revenue in Private Asset Management and stronger revenue and profitability in Garantia. Continuing earnings (EUR 10.5m) came in slightly above our expectation (EUR 9.9m), resulting in 13% y/y growth. Segment EBIT of EUR 2.1m was 13% above our estimate. Following our estimate revisions, we lower our SOTP-based fair value range slightly to EUR 8.4-9.5 (EUR 8.6-9.8).