New Risk • Apr 23
New major risk - Revenue and earnings growth Earnings have declined by 68% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 68% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€19.1m market cap, or US$22.3m). Reported Earnings • Apr 22
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: €0.02 loss per share (improved from €0.035 loss in 1Q 2025). Revenue: €16.6m (down 15% from 1Q 2025). Net loss: €389.0k (loss narrowed 34% from 1Q 2025). Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 37% per year, which means it has not declined as severely as earnings. Annonce • Mar 26
Vincit Oyj Announces Board Appointments Vincit Plc at its Annual General Meeting held on March 25, 2026 announced Ilkka Laurila and Kaarina Ståhlberg were elected as new members. Board Change • Mar 02
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Frank Korsstrom was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Annonce • Jan 20
Vincit plc Announces Resignation of Deputy CEO and Chief Growth Officer Jens Krogell, Effective January 31, 2026 Vincit Plc announced that Jens Krogell, Deputy CEO and Chief Growth Officer at Vincit Plc, has resigned from his position to pursue new challenges outside the company. He will continue to serve the company until January 31, 2026. The responsibilities of the Chief Growth Officer are dividend between the company's CEO, Julius Manni, and the rest of the Leadership Team. Following the change, Vincit's Leadership Team will consist of the following individuals starting from February 1, 2026: Julius Manni, Chief Executive Officer; Mika Immo, Chief Revenue Officer; Mari Kuha, Chief People Officer; Kimmo Kärkkäinen, Chief Financial Officer. Reported Earnings • Oct 26
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: €14.4m (down 22% from 3Q 2024). Net loss: €518.0k (flat on 3Q 2024). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Finland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Annonce • Oct 24
Vincit Oyj, Annual General Meeting, Mar 25, 2026 Vincit Oyj, Annual General Meeting, Mar 25, 2026. Reported Earnings • Jul 18
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: €0.10 loss per share (improved from €0.11 loss in 2Q 2024). Revenue: €17.6m (down 19% from 2Q 2024). Net loss: €1.74m (loss narrowed 1.6% from 2Q 2024). Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Finland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 27
First quarter 2025 earnings released First quarter 2025 results: Revenue: €19.5m (down 15% from 1Q 2024). Net loss: €1.60m (loss widened 315% from 1Q 2024). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Finland. Reported Earnings • Feb 21
Full year 2024 earnings released Full year 2024 results: Revenue: €84.7m (down 14% from FY 2023). Net loss: €3.61m (loss widened 27% from FY 2023). New Risk • Jan 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 56% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (€29.8m market cap, or US$30.6m). New Risk • Oct 28
New major risk - Revenue and earnings growth Earnings have declined by 48% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 150% Earnings have declined by 48% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€33.9m market cap, or US$36.6m). Annonce • Oct 25
Vincit Oyj, Annual General Meeting, Mar 26, 2025 Vincit Oyj, Annual General Meeting, Mar 26, 2025. Major Estimate Revision • Oct 23
Consensus EPS estimates fall by 42% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €89.9m to €85.2m. Losses expected to increase from €0.12 per share to €0.17. Software industry in Finland expected to see average net income growth of 43% next year. Consensus price target down from €2.60 to €2.30. Share price fell 12% to €2.00 over the past week. Reported Earnings • Jul 20
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €21.8m (down 14% from 2Q 2023). Net loss: €1.77m (loss widened 19% from 2Q 2023). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Finland. Reported Earnings • Apr 30
First quarter 2024 earnings released First quarter 2024 results: Revenue: €23.0m (down 13% from 1Q 2023). Net loss: €385.0k (loss widened 171% from 1Q 2023). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Finland. Upcoming Dividend • Mar 14
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 21 March 2024. Payment date: 02 April 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.8%. Lower than top quartile of Finnish dividend payers (5.7%). Higher than average of industry peers (3.0%). Price Target Changed • Feb 25
Price target decreased by 23% to €3.30 Down from €4.30, the current price target is provided by 1 analyst. New target price is 26% above last closing price of €2.62. Stock is down 43% over the past year. Reported Earnings • Feb 23
Full year 2023 earnings released Full year 2023 results: Revenue: €98.2m (up 16% from FY 2022). Net loss: €2.85m (loss widened €2.58m from FY 2022). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Finland. New Risk • Feb 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Paying a dividend despite being loss-making. Market cap is less than US$100m (€50.0m market cap, or US$53.9m). New Risk • Dec 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (€56.0m market cap, or US$60.2m). Annonce • Nov 03
Vincit Oyj Launches New Consultative Approach for Businesses, Leveraging its Worldwide Team of Developers and Designers to Increase Agility and ROI Vincit announced a new consultative approach, Complexity, Simplified, that will leverage its worldwide expertise in design, building, and customizing software and business processes to address any industry need, from mobile apps to ecommerce storefronts and beyond. Vincit's U.S. and European teams will be more deeply unified, working seamlessly to ensure the company provides businesses of all sizes with solutions including app and website development, generative AI implementation, high-volume ecommerce frameworks, and highly-efficient manufacturing automation, with speed and precision. With over 600 developers in 5 countries, Vincit's highly-skilled global team guides businesses through the design and implementation of bespoke software, and is unmatched in the marketplace. In addition to a wide range of mobile apps, website design, and ecommerce solutions, Vincit produces highly efficient and specialized custom software, as in the case of Ink'd, a firm that is breaking new ground with its customizable greeting card kiosks. For Ink'd, Vincit designed and built software that allows customers to effortlessly design their own personalized greeting cards for any occasion, and even provides the option of adding custom gift cards, which are printed at retail locations. Weaving together customer-driven design tools, ecommerce, and in-store product creation offered a complex set of challenges that Vincit was able to quickly solve, delivering a digital product that is breaking new ground in the greeting card industry. Vincit is also poised to leverage the growing power of artificial intelligence (AI) for its clients, fully integrating AI tools into its software offerings to boost end-user satisfaction, drive sales, and increase engagement. Vincit is also embracing generative AI within its own operations, with Vincit's team of developers and designers responsibly utilizing the power of artificial intelligence to drive further value for clients. New Risk • Jul 30
New major risk - Revenue and earnings growth Earnings have declined by 31% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 31% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (€60.9m market cap, or US$67.2m). Reported Earnings • Jul 29
First half 2023 earnings released: €0.02 loss per share (vs €0.10 profit in 1H 2022) First half 2023 results: €0.02 loss per share (down from €0.10 profit in 1H 2022). Revenue: €52.8m (up 48% from 1H 2022). Net loss: €284.0k (down 124% from profit in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Jul 07
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €107.0m to €98.0m. Now expected to report a loss of €0.01 per share instead of €0.23 per share profit previously forecast. Software industry in Finland expected to see average net income growth of 18% next year. Consensus price target down from €6.00 to €4.80. Share price was steady at €3.81 over the past week. New Risk • Jun 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 183% Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Shareholders have been diluted in the past year (35% increase in shares outstanding). Market cap is less than US$100m (€63.0m market cap, or US$69.0m). Upcoming Dividend • Apr 20
Upcoming dividend of €0.15 per share at 3.2% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 08 May 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 3.2%. Lower than top quartile of Finnish dividend payers (5.0%). In line with average of industry peers (3.1%). Upcoming Dividend • Mar 20
Upcoming dividend of €0.15 per share at 3.2% yield Eligible shareholders must have bought the stock before 27 March 2023. Payment date: 04 April 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 3.2%. Lower than top quartile of Finnish dividend payers (5.0%). In line with average of industry peers (3.2%). Reported Earnings • Mar 03
Full year 2022 earnings released Full year 2022 results: Revenue: €85.3m (up 39% from FY 2021). Net loss: €277.0k (down 108% from profit in FY 2021). Price Target Changed • Nov 16
Price target decreased to €7.20 Down from €11.50, the current price target is provided by 1 analyst. New target price is 55% above last closing price of €4.65. Stock is down 44% over the past year. The company is forecast to post earnings per share of €0.29 for next year compared to €0.29 last year. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Frank Korsstrom was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 26
First half 2022 earnings released: EPS: €0 (vs €0.17 in 1H 2021) First half 2022 results: EPS: €0 (down from €0.17 in 1H 2021). Revenue: €35.8m (up 17% from 1H 2021). Net income: €1.19m (down 42% from 1H 2021). Profit margin: 3.3% (down from 6.7% in 1H 2021). Price Target Changed • Apr 27
Price target decreased to €6.70 Down from €11.50, the current price target is provided by 1 analyst. New target price is 18% above last closing price of €5.69. Stock is down 48% over the past year. The company posted earnings per share of €0.29 last year. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Frank Korsstrom was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 17
Upcoming dividend of €0.20 per share Eligible shareholders must have bought the stock before 24 March 2022. Payment date: 01 April 2022. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Finnish dividend payers (4.3%). Higher than average of industry peers (2.2%). Reported Earnings • Feb 06
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: €0.29 (down from €0.36 in FY 2020). Revenue: €61.5m (up 18% from FY 2020). Net income: €3.48m (down 20% from FY 2020). Profit margin: 5.7% (down from 8.3% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 4% per year. Price Target Changed • Oct 28
Price target decreased to €10.50 Down from €11.50, the current price target is provided by 1 analyst. New target price is 22% above last closing price of €8.60. Stock is up 37% over the past year. The company is forecast to post earnings per share of €0.46 for next year compared to €0.36 last year. Reported Earnings • Aug 03
First half 2021 earnings released: EPS €0.17 (vs €0.14 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €30.7m (up 15% from 1H 2020). Net income: €2.05m (up 22% from 1H 2020). Profit margin: 6.7% (up from 6.3% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Price Target Changed • May 07
Price target increased to €11.50 Up from €10.00, the current price target is provided by 1 analyst. New target price is 20% above last closing price of €9.62. Stock is up 125% over the past year. Upcoming Dividend • Mar 18
Upcoming Dividend of €0.18 Per Share Will be paid on the 1st of April to those who are registered shareholders by the 24th of March. The trailing yield of 2.0% is below the top quartile of Finnish dividend payers (3.8%), but it is higher than industry peers (1.2%). Annonce • Mar 02
Vincit Oyj, Annual General Meeting, Mar 23, 2021 Vincit Oyj, Annual General Meeting, Mar 23, 2021, at 12:00 E. Europe Standard Time. Location: Visiokatu 1, Tampere Finland Reported Earnings • Feb 06
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €52.8m (up 9.4% from FY 2019). Net income: €4.37m (up 333% from FY 2019). Profit margin: 8.3% (up from 2.1% in FY 2019). Analyst Estimate Surprise Post Earnings • Feb 06
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 9.1%. Over the next year, revenue is forecast to grow 6.9%, compared to a 18% growth forecast for the Software industry in Finland. Is New 90 Day High Low • Feb 04
New 90-day high: €8.30 The company is up 26% from its price of €6.60 on 05 November 2020. The Finnish market is up 15% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Software industry, which is up 30% over the same period. Is New 90 Day High Low • Jan 14
New 90-day high: €7.20 The company is up 12% from its price of €6.42 on 16 October 2020. The Finnish market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Software industry, which is up 22% over the same period. Is New 90 Day High Low • Dec 18
New 90-day high: €6.86 The company is up 21% from its price of €5.68 on 18 September 2020. The Finnish market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Software industry, which is up 33% over the same period. Is New 90 Day High Low • Nov 07
New 90-day high: €6.64 The company is up 48% from its price of €4.49 on 07 August 2020. The Finnish market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 24% over the same period. Is New 90 Day High Low • Oct 08
New 90-day high: €5.90 The company is up 33% from its price of €4.42 on 09 July 2020. The Finnish market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 24% over the same period.