View Future GrowthNetum Group Oyj 過去の業績過去 基準チェック /16Netum Group Oyjの収益は年間平均-15.6%の割合で減少していますが、 IT業界の収益は年間 減少しています。収益は年間13.3% 17.4%割合で 増加しています。 Netum Group Oyjの自己資本利益率は5.6%であり、純利益率は2.3%です。主要情報-15.59%収益成長率-17.20%EPS成長率IT 業界の成長18.51%収益成長率17.44%株主資本利益率5.62%ネット・マージン2.27%次回の業績アップデート18 Aug 2026最近の業績更新Reported Earnings • Mar 10Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: €0.07 (up from €0.04 loss in FY 2024). Revenue: €37.9m (down 14% from FY 2024). Net income: €858.0k (up €1.31m from FY 2024). Profit margin: 2.3% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%. Revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the IT industry in Finland. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings.お知らせ • Dec 19+ 3 more updatesNetum Group Oyj to Report Nine Months, 2026 Results on Nov 03, 2026Netum Group Oyj announced that they will report nine months, 2026 results on Nov 03, 2026Reported Earnings • Aug 20First half 2025 earnings releasedFirst half 2025 results: Revenue: €21.4m (down 6.0% from 1H 2024). Net loss: €625.0k (loss widened 247% from 1H 2024). Revenue is expected to fall by 2.5% p.a. on average during the next 3 years compared to a 6.4% decline forecast for the IT industry in Finland.Reported Earnings • Mar 03Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: €0.04 loss per share (improved from €0.09 loss in FY 2023). Revenue: €44.0m (up 19% from FY 2023). Net loss: €456.0k (loss narrowed 58% from FY 2023). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the IT industry in Finland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 26First half 2024 earnings released: €0.01 loss per share (vs €0.03 loss in 1H 2023)First half 2024 results: €0.01 loss per share (improved from €0.03 loss in 1H 2023). Revenue: €22.8m (up 33% from 1H 2023). Net loss: €180.0k (loss narrowed 43% from 1H 2023). Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the IT industry in Finland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 06Full year 2023 earnings releasedFull year 2023 results: Revenue: €37.1m (up 27% from FY 2022). Net loss: €1.08m (down €1.26m from profit in FY 2022).すべての更新を表示Recent updatesNew Risk • May 13New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Finnish stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.0% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (2.3% net profit margin). Market cap is less than US$100m (€14.1m market cap, or US$16.5m).お知らせ • Apr 22Netum Group Oyj (HLSE:NETUM) acquired Cyberwatch Oy from Matti Mujunen and others.Netum Group Oyj (HLSE:NETUM) acquired Cyberwatch Oy from Matti Mujunen and others on April 21, 2026. The purchase price consists of a cash share and Netum Group Plc’s shares. In addition, an additional purchase price will be paid if the agreed targets are met by 30 June 2027 and 30 June 2028. Cyberwatch Oy will continue to operate as a subsidiary of Netum Group Plc until the end of 2026, but the operations will be unified as of 1 July 2026. The first installment of the purchase price will be paid in the form of 15,000 treasury shares of Netum Group Plc and a cash payment of €0.22 million. The additional purchase price installments can be paid at Netum Group Plc's discretion, either in treasury shares or with cash. The amounts of additional purchase prices depend on separately agreed revenue and EBITA targets. For the period ending December 31, 2025, Cyberwatch Oy reported total revenue of €0.73 million. Cyberwatch Oy employs nine experts, and its clientele includes approximately 50 companies and public sector operators, both domestically and internationally. Cyberwatch's office is located in Helsinki, Finland. The transaction has no impact on Netum Group Plc's guidance for 2026. Evli Oyj acted as financial advisor for Netum Group Oyj. Netum Group Oyj (HLSE:NETUM) completed the acquisition of Cyberwatch Oy from Matti Mujunen and others on April 21, 2026.Board Change • Apr 19Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Kirsi Mettala was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 16Netum Group Plc Elects New Board MembersNetum Group Plc at its AGM held on 15 April 2026 Sebastian Seppänen and Pasi Aaltola were elected as new members. The members of the Board of Directors were elected for a term ending at the end of the next Annual General Meeting.New Risk • Mar 29New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.3% Last year net profit margin: 5.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (2.3% net profit margin). Market cap is less than US$100m (€14.0m market cap, or US$16.1m).Reported Earnings • Mar 10Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: €0.07 (up from €0.04 loss in FY 2024). Revenue: €37.9m (down 14% from FY 2024). Net income: €858.0k (up €1.31m from FY 2024). Profit margin: 2.3% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%. Revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the IT industry in Finland. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings.New Risk • Mar 08New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 2025 fiscal period end). Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (€13.0m market cap, or US$15.0m).New Risk • Feb 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 5.5% 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. Currently unprofitable and not forecast to become profitable over next 3 years (€1.4m net loss in 3 years). Share price has been volatile over the past 3 months (5.5% average weekly change). Market cap is less than US$100m (€13.3m market cap, or US$15.8m).お知らせ • Dec 22Netum Group Oyj, Annual General Meeting, Apr 15, 2026Netum Group Oyj, Annual General Meeting, Apr 15, 2026.お知らせ • Dec 19+ 3 more updatesNetum Group Oyj to Report Nine Months, 2026 Results on Nov 03, 2026Netum Group Oyj announced that they will report nine months, 2026 results on Nov 03, 2026分析記事 • Oct 22Netum Group Oyj's (HEL:NETUM) Returns On Capital Not Reflecting Well On The BusinessWhen we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...Major Estimate Revision • Aug 26Consensus EPS estimates fall by 167%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €41.4m to €39.7m. Losses expected to increase from €0.06 per share to €0.16. IT industry in Finland expected to see average net income growth of 28% next year. Consensus price target down from €2.20 to €1.80. Share price fell 11% to €1.54 over the past week.分析記事 • Aug 22Earnings Release: Here's Why Analysts Cut Their Netum Group Oyj (HEL:NETUM) Price Target To €1.80Shareholders might have noticed that Netum Group Oyj ( HEL:NETUM ) filed its second-quarter result this time last week...Reported Earnings • Aug 20First half 2025 earnings releasedFirst half 2025 results: Revenue: €21.4m (down 6.0% from 1H 2024). Net loss: €625.0k (loss widened 247% from 1H 2024). Revenue is expected to fall by 2.5% p.a. on average during the next 3 years compared to a 6.4% decline forecast for the IT industry in Finland.New Risk • Aug 19New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: €901k Forecast net loss in 3 years: €101k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite being loss-making. Currently unprofitable and not forecast to become profitable over next 3 years (€101k net loss in 3 years). Market cap is less than US$100m (€21.9m market cap, or US$25.5m).お知らせ • Jun 20Netum Group Oyj Announces Changes in Management Team, Effective 1 July 2025Netum Group Oyj will reduce the size and streamline the work of its Management Team. As of the beginning of July, the Management Team will consist of seven members instead of the previous nine members. Netum Group's Management Team as of 1 July 2025: Repe Harmanen, CEO, Peter Ahlskog, CFO, Liina Kangas, Director, HR & Marketing, Sami Rantanen, Director, Sales and Accounts, Altti Raali, CEO, Netum Ltd, Liisa Rusanen, CEO, Studyo Oy, Mikko Koistinen, CEO, Buutti Oy. Kimmo Koivisto, Director of IT and Security, and Juha-Pekka Leskinen, Director of Strategy and Partnerships, will leave the Management Team. They will continue in their current positions and report to CEO Repe Harmanen but will not be members of the Management Team as of 1 July 2025.New Risk • Jun 06New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: €0 (US$0) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Market cap is less than US$10m (€0 market cap, or US$0). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.New Risk • May 02New major risk - Revenue and earnings growthEarnings have declined by 63% 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 Interest payments are not well covered by earnings (2.4x net interest cover). Earnings have declined by 63% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€25.9m market cap, or US$29.3m).Board Change • Apr 19Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Kirsi Mettala was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 13Netum Group Oyj Appoints Liisa Rusanen as Member of the Group's Management Team, Effective 23 April 2025Netum Group Oyj announced that Liisa Rusanen (b. 1980, M.Sc. (Tech.)) has been appointed a member of Netum Group Plc's Management Team as of 23 April 2025. Rusanen will transfer to the position from the role of CEO of Codeo Oy. She has previously worked for CGI Finland, Sininen Meteoriitti and Cybercom Finland, among others.お知らせ • Mar 21Netum Group Oyj announces Annual dividend, payable on April 07, 2025Netum Group Oyj announced Annual dividend of EUR 0.0500 per share payable on April 07, 2025, ex-date on March 26, 2025 and record date on March 27, 2025.Reported Earnings • Mar 03Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: €0.04 loss per share (improved from €0.09 loss in FY 2023). Revenue: €44.0m (up 19% from FY 2023). Net loss: €456.0k (loss narrowed 58% from FY 2023). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the IT industry in Finland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance.Major Estimate Revision • Feb 27Consensus EPS estimates fall by 500%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €45.5m to €42.9m. Losses expected to increase from €0.01 per share to €0.06. IT industry in Finland expected to see average net income growth of 13% next year. Consensus price target down from €3.50 to €2.60. Share price fell 13% to €2.42 over the past week.分析記事 • Jan 03Market Cool On Netum Group Oyj's (HEL:NETUM) RevenuesThere wouldn't be many who think Netum Group Oyj's ( HEL:NETUM ) price-to-sales (or "P/S") ratio of 0.8x is worth a...お知らせ • Nov 05+ 2 more updatesNetum Group Oyj, Annual General Meeting, Mar 25, 2025Netum Group Oyj, Annual General Meeting, Mar 25, 2025.お知らせ • Nov 01+ 1 more updateNetum Group Oyj Appoints Repe Harmanen as CEO, Effective 10 January 2025The Board of Directors of Netum Group Plc has appointed Repe Harmanen (b. 1972, M.Sc. Econ.) as the new CEO of Netum Group Plc ("Netum" or the "company") as of 10 January 2025. Harmanen has been a member of the company's Board of Directors since 2021 and he will step down from that position before assuming the duties of the CEO of Netum. Harmanen holds a Master's degree in Economics and Business Administration and has done postgraduate studies in the Doctoral Programme in Economics and Business Administration at the University of Jyväskylä. In recent years, Harmanen has worked as a board professional and advisor to growth companies, and before that as CEO of Solteq Plc and Proxion Oy, as well as in management positions in international and Finnish IT companies in Finland and abroad. He will leave most of his current Board memberships during the rest of the year. As announced on 9 October 2024, the company's current CEO Matti Mujunen shall remain in his role until Repe Harmanen starts as CEO.お知らせ • Oct 09Netum Group Plc Announces Retirement of Matti Mujunen as CEONetum Group Plc's CEO Matti Mujunen (born 1958) has informed the Board of Directors of his retirement. The Board will now proceed a search for a successor. Matti Mujunen has served as the CEO of Netum Ltd. in 2016–2022 and as the CEO of Netum Group since 2017. During Mujunen's time as CEO, Netum Group's turnover has grown more than sixfold. In addition to strong organic development, growth has been boosted by five successful acquisitions and one business acquisition. Since June 2021, Netum Group Plc has been listed on First North Growth Market Helsinki, and Mujunen is the company's largest shareholder with 15.38% ownership. Mujunen's CEO contract includes eight months' notice. He shall remain in the role as CEO until a successor has been nominated. After this, Mujunen will continue in the company as an advisor to the Board of Directors.お知らせ • Sep 12+ 1 more updateNetum Group Plc Announces Chief Financial Officer Changes, Effective October 1, 2024Netum Group Plc announced that CFO Mari Ala-Sorvari moves to a new role within the company and Peter Ahlskog appointed as new CFO Netum Group Plc's CFO and member of the Management Team Mari Ala-Sorvari has, on her own initiative, requested a transfer to a new role within the company. From 1 October 2024, she will be responsible for Netum's external reporting and investor relations and will act as a deputy to the CFO. Peter Ahlskog (59, M.Sc. in Computer Science and Business Administration) has been appointed as Netum Group's new Chief Financial Officer (CFO) and member of the Management Team as of 1 October 2024. For the past two years, Ahlskog has worked as Netum's Director of Operations and Processes and deputy to the CFO. He was a founding partner of Cerion Solutions Oy, a company specializing in knowledge management and digitalisation, where he served as a director in various roles on both the operational and financial sides during 2010–2022. Netum acquired Cerion Solutions Oy in 2021.Reported Earnings • Aug 26First half 2024 earnings released: €0.01 loss per share (vs €0.03 loss in 1H 2023)First half 2024 results: €0.01 loss per share (improved from €0.03 loss in 1H 2023). Revenue: €22.8m (up 33% from 1H 2023). Net loss: €180.0k (loss narrowed 43% from 1H 2023). Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the IT industry in Finland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance.New Risk • Aug 22New major risk - Revenue and earnings growthEarnings have declined by 70% 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 Interest payments are not well covered by earnings (0.8x net interest cover). Earnings have declined by 70% per year over the past 5 years. 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 (7.4% increase in shares outstanding). Market cap is less than US$100m (€38.1m market cap, or US$42.5m).お知らせ • Aug 20Netum Group Oyj Reaffirms Earnings Guidance for the Year 2024Netum Group Oyj reaffirmed earnings guidance for the year 2024. The company expects its revenue in the financial year 2024 to be EUR 45 million - EUR 49 million and comparable EBITA to be approximately 8%-11% of revenue.分析記事 • May 30Netum Group Oyj (HEL:NETUM) Is Carrying A Fair Bit Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...New Risk • May 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 5.9% 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 Debt is not well covered by operating cash flow (2.9% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Shareholders have been diluted in the past year (7.4% increase in shares outstanding). Market cap is less than US$100m (€38.9m market cap, or US$42.1m).Price Target Changed • May 10Price target increased by 10% to €3.20Up from €2.90, the current price target is provided by 1 analyst. New target price is 19% above last closing price of €2.68. Stock is down 24% over the past year. The company is forecast to post a net loss per share of €0.02 next year compared to a net loss per share of €0.09 last year.Major Estimate Revision • May 10Consensus EPS estimates upgraded to €0.02 loss, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from €46.1m to €45.2m. 2024 losses expected to reduce from -€0.04 to -€0.02 per share. IT industry in Finland expected to see average net income growth of 16% next year. Consensus price target up from €2.90 to €3.20. Share price was steady at €2.68 over the past week.New Risk • Apr 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 5.7% 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 Debt is not well covered by operating cash flow (2.9% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Shareholders have been diluted in the past year (7.4% increase in shares outstanding). Market cap is less than US$100m (€33.6m market cap, or US$35.8m).Reported Earnings • Mar 06Full year 2023 earnings releasedFull year 2023 results: Revenue: €37.1m (up 27% from FY 2022). Net loss: €1.08m (down €1.26m from profit in FY 2022).Buy Or Sell Opportunity • Mar 04Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.9% to €2.51. The fair value is estimated to be €3.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last year. Meanwhile, the company became loss making.New Risk • Feb 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 5.4% 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 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 (5.4% average weekly change). Shareholders have been diluted in the past year (7.4% increase in shares outstanding). Market cap is less than US$100m (€33.5m market cap, or US$36.1m).お知らせ • Nov 15+ 4 more updatesNetum Group Oyj to Report Fiscal Year 2023 Results on Mar 05, 2024Netum Group Oyj announced that they will report fiscal year 2023 results on Mar 05, 2024New Risk • Oct 12New major risk - Revenue and earnings growthEarnings 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 (5.9% average weekly change). Shareholders have been diluted in the past year (9.8% increase in shares outstanding). Market cap is less than US$100m (€36.6m market cap, or US$38.6m).お知らせ • Sep 02+ 2 more updatesNetum Group Oyj (HLSE:NETUM) completed the acquisition of Buutti Oy.Netum Group Oyj (HLSE:NETUM) signed an agreement to acquire Buutti Oy on July 14, 2023. Netum Group Plc will acquire the entire share capital of Buutti Oy for an enterprise value of €10 million. 70% of the consideration will be paid in cash and 30% in new shares in Netum. Netum will issue 865851 shares to the shareholders of Buutti. The purchase price also includes compensation for net cash and working capital adjustment at the time of closing. The final purchase price will be announced after the closing. In addition sellers have the possibility of additional earn-out purchase price depending on the achievement of revenue and operating profit targets for the 2024 financial year. Netum will finance the acquisition with a bank loan, a directed share issue to the sellers and cash reserves. Buutti Oy revenue in 2022 was €9.3 million and operating profit was €1.1 million and equity €1.7 million. The transaction is expected to close on September 1, 2023. Netum Group Oyj (HLSE:NETUM) completed the acquisition of Buutti Oy on September 1, 2023. As a part of agreement Netum was issued 865851 shares worth of €3 million to shareholders of Buutti Oy.Reported Earnings • Aug 17First half 2023 earnings released: €0.03 loss per share (vs €0.04 profit in 1H 2022)First half 2023 results: €0.03 loss per share (down from €0.04 profit in 1H 2022). Revenue: €17.1m (up 11% from 1H 2022). Net loss: €315.0k (down 164% from profit in 1H 2022). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the IT industry in Finland.お知らせ • Aug 01+ 1 more updateNetum Group Oyj Announces Executive Changes , Effective 1 August 2023Mari Ala-Sorvari has been appointed Netum Group Plc's Chief Financial Officer (CFO) and member of the company's Management Team. Ala-Sorvari has worked for the company since 2019, currently as Group Controller responsible for the development of financial operations and reporting and acted as deputy to the CFO. Ala-Sorvari will start in her new position on 1 August 2023. She will report to CEO Matti Mujunen. Ala-Sorvari has diverse experience in financial management functions and financing, as well as special expertise in investor communications and disclosure obligations of listed companies. Netum Group Plc's CFO Pekka Levänen will, on his own initiative, step aside from his duties as CFO.分析記事 • Jul 18Netum Group Oyj's (HEL:NETUM) Shares Not Telling The Full StoryIt's not a stretch to say that Netum Group Oyj's ( HEL:NETUM ) price-to-sales (or "P/S") ratio of 1.5x right now seems...お知らせ • Jul 15Netum Group Oyj (HLSE:NETUM) signed an agreement to acquire Buutti Oy.Netum Group Oyj (HLSE:NETUM) signed an agreement to acquire Buutti Oy on July 14, 2023. Netum Group Plc will acquire the entire share capital of Buutti Oy for an enterprise value of €10 million. 70% of the consideration will be paid in cash and 30% in new shares in Netum. Netum will issue 865851 shares to the shareholders of Buutti. The purchase price also includes compensation for net cash and working capital adjustment at the time of closing. The final purchase price will be announced after the closing. In addition sellers have the possibility of additional earn-out purchase price depending on the achievement of revenue and operating profit targets for the 2024 financial year. Netum will finance the acquisition with a bank loan, a directed share issue to the sellers and cash reserves. Buutti Oy revenue in 2022 was €9.3 million and operating profit was €1.1 million and equity €1.7 million. The transaction is expected to close on September 1, 2023.お知らせ • Jul 01Netum Group Announces Change in Management TeamJussi Vasama will leave his position in Netum Group Plc's Management Team as of 1 July 2023. Netum Group Plc has announced a transfer of the Netum DUX product business to Optimo Systems Oy, an associated company of Netum Group Plc. In the Management Team, Vasama was responsible for the Netum DUX product business, and he will now become the CEO of Optimo Systems Oy. As of 1 July 2023, the members of Netum Group Plc's Management Team are CEO Matti Mujunen and Altti Raali, Pekka Levänen, Liina Kangas, Sami Rantanen, Juha-Pekka Leskinen, Kimmo Koivisto and Lauri Stigell.Major Estimate Revision • Mar 14Consensus EPS estimates fall by 29%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €36.5m to €35.8m. EPS estimate also fell from €0.17 per share to €0.12 per share. Net income forecast to grow 657% next year vs 113% growth forecast for IT industry in Finland. Consensus price target of €3.85 unchanged from last update. Share price was steady at €3.73 over the past week.Reported Earnings • Mar 08Full year 2022 earnings: Revenues miss analyst expectationsFull year 2022 results: Revenue: €29.2m (up 30% from FY 2021). Net income: €185.0k (down 65% from FY 2021). Profit margin: 0.6% (down from 2.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.6%. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the IT industry in Finland.Price Target Changed • Feb 07Price target decreased by 15% to €3.85Down from €4.55, the current price target is an average from 2 analysts. New target price is 5.5% above last closing price of €3.65. Stock is down 13% over the past year. The company is forecast to post earnings per share of €0.11 for next year compared to €0.05 last year.お知らせ • Jan 17Netum Group plc Appoints Lauri Stigell as a Member of the Management TeamNetum Group Plc appointed Lauri Stigell as a member of the Management Team.Major Estimate Revision • Dec 17Consensus EPS estimates fall by 24%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €31.4m to €31.0m. EPS estimate also fell from €0.14 per share to €0.11 per share. Net income forecast to grow 38% next year vs 19% growth forecast for IT industry in Finland. Consensus price target down from €4.55 to €4.40. Share price fell 10.0% to €3.60 over the past week.分析記事 • Dec 17Netum Group Oyj (HEL:NETUM) Has Some Difficulty Using Its Capital EffectivelyWhat underlying fundamental trends can indicate that a company might be in decline? Businesses in decline often have...お知らせ • Nov 23+ 1 more updateNetum Group Oyj to Report First Half, 2023 Results on Aug 15, 2023Netum Group Oyj announced that they will report first half, 2023 results on Aug 15, 2023Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Marja-Liisa Niinikoski 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 17First half 2022 earnings released: EPS: €0 (vs €0.01 in 1H 2021)First half 2022 results: EPS: €0. Revenue: €15.5m (up 48% from 1H 2021). Net income: €493.0k (up 473% from 1H 2021). Profit margin: 3.2% (up from 0.8% in 1H 2021). Over the next year, revenue is forecast to grow 19%, compared to a 6.7% growth forecast for the IT industry in Finland.Major Estimate Revision • Aug 11Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €29.4m to €30.6m. EPS estimate fell from €0.18 to €0.16 per share. Net income forecast to grow 240% next year vs 38% growth forecast for IT industry in Finland. Consensus price target of €4.45 unchanged from last update. Share price fell 2.2% to €4.07 over the past week.Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Marja-Liisa Niinikoski 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.分析記事 • Mar 10Netum Group Oyj Just Missed Earnings - But Analysts Have Updated Their ModelsAs you might know, Netum Group Oyj ( HEL:NETUM ) recently reported its full-year numbers. It was not a great result...Reported Earnings • Mar 09Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: €0.05 (down from €0.11 in FY 2020). Revenue: €22.4m (up 28% from FY 2020). Net income: €529.0k (down 60% from FY 2020). Profit margin: 2.4% (down from 7.5% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%. Over the next year, revenue is forecast to grow 22%, compared to a 4.1% growth forecast for the industry in Finland.Major Estimate Revision • Jan 26Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast increased from €21.6m to €22.2m. EPS estimate fell from €0.08 to €0.06 per share. Net income forecast to grow 121% next year vs 20% growth forecast for IT industry in Finland. Consensus price target down from €4.86 to €4.60. Share price fell 4.4% to €4.30 over the past week.お知らせ • Jun 02Netum Group Oyj has completed an IPO in the amount of €8 million.Netum Group Oyj has completed an IPO in the amount of €8 million. Security Name: Shares Security Type: Common Stock Securities Offered: 2,185,000 Price\Range: €3.2 Security Name: Shares Security Type: Common Stock Securities Offered: 350,000 Price\Range: €2.88 Transaction Features: Reserved Share Offering収支内訳Netum Group Oyj の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史HLSE:NETUM 収益、費用、利益 ( )EUR Millions日付収益収益G+A経費研究開発費31 Dec 253810030 Sep 254010030 Jun 2543-10031 Mar 2543-10031 Dec 244420030 Sep 24431-6030 Jun 2443-1-12031 Mar 2440-1-6031 Dec 2337-10030 Sep 2334-16030 Jun 2331-112031 Mar 233006031 Dec 222900030 Sep 22281-3030 Jun 22271-6031 Mar 22251-3031 Dec 212210030 Sep 212111030 Jun 211911031 Mar 211811031 Dec 201810031 Dec 191300031 Dec 1812100質の高い収益: NETUMは 高品質の収益 を持っています。利益率の向上: NETUMの現在の純利益率 (2.3%)は、昨年(5.5%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: NETUMの収益は過去 5 年間で年間15.6%減少しました。成長の加速: NETUMは過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: NETUMは過去 1 年間で収益成長率がマイナス ( -64.4% ) となったため、 IT業界平均 ( -41.8% ) と比較することが困難です。株主資本利益率高いROE: NETUMの 自己資本利益率 ( 5.6% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YSoftware 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/09 07:59終値2026/06/09 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Netum Group Oyj 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Marianne PalmuInderes OyJoni GrönqvistInderes OyJoonas KorkiakoskiInderes Oy
Reported Earnings • Mar 10Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: €0.07 (up from €0.04 loss in FY 2024). Revenue: €37.9m (down 14% from FY 2024). Net income: €858.0k (up €1.31m from FY 2024). Profit margin: 2.3% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%. Revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the IT industry in Finland. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings.
お知らせ • Dec 19+ 3 more updatesNetum Group Oyj to Report Nine Months, 2026 Results on Nov 03, 2026Netum Group Oyj announced that they will report nine months, 2026 results on Nov 03, 2026
Reported Earnings • Aug 20First half 2025 earnings releasedFirst half 2025 results: Revenue: €21.4m (down 6.0% from 1H 2024). Net loss: €625.0k (loss widened 247% from 1H 2024). Revenue is expected to fall by 2.5% p.a. on average during the next 3 years compared to a 6.4% decline forecast for the IT industry in Finland.
Reported Earnings • Mar 03Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: €0.04 loss per share (improved from €0.09 loss in FY 2023). Revenue: €44.0m (up 19% from FY 2023). Net loss: €456.0k (loss narrowed 58% from FY 2023). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the IT industry in Finland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 26First half 2024 earnings released: €0.01 loss per share (vs €0.03 loss in 1H 2023)First half 2024 results: €0.01 loss per share (improved from €0.03 loss in 1H 2023). Revenue: €22.8m (up 33% from 1H 2023). Net loss: €180.0k (loss narrowed 43% from 1H 2023). Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the IT industry in Finland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 06Full year 2023 earnings releasedFull year 2023 results: Revenue: €37.1m (up 27% from FY 2022). Net loss: €1.08m (down €1.26m from profit in FY 2022).
New Risk • May 13New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Finnish stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.0% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (2.3% net profit margin). Market cap is less than US$100m (€14.1m market cap, or US$16.5m).
お知らせ • Apr 22Netum Group Oyj (HLSE:NETUM) acquired Cyberwatch Oy from Matti Mujunen and others.Netum Group Oyj (HLSE:NETUM) acquired Cyberwatch Oy from Matti Mujunen and others on April 21, 2026. The purchase price consists of a cash share and Netum Group Plc’s shares. In addition, an additional purchase price will be paid if the agreed targets are met by 30 June 2027 and 30 June 2028. Cyberwatch Oy will continue to operate as a subsidiary of Netum Group Plc until the end of 2026, but the operations will be unified as of 1 July 2026. The first installment of the purchase price will be paid in the form of 15,000 treasury shares of Netum Group Plc and a cash payment of €0.22 million. The additional purchase price installments can be paid at Netum Group Plc's discretion, either in treasury shares or with cash. The amounts of additional purchase prices depend on separately agreed revenue and EBITA targets. For the period ending December 31, 2025, Cyberwatch Oy reported total revenue of €0.73 million. Cyberwatch Oy employs nine experts, and its clientele includes approximately 50 companies and public sector operators, both domestically and internationally. Cyberwatch's office is located in Helsinki, Finland. The transaction has no impact on Netum Group Plc's guidance for 2026. Evli Oyj acted as financial advisor for Netum Group Oyj. Netum Group Oyj (HLSE:NETUM) completed the acquisition of Cyberwatch Oy from Matti Mujunen and others on April 21, 2026.
Board Change • Apr 19Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Kirsi Mettala was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 16Netum Group Plc Elects New Board MembersNetum Group Plc at its AGM held on 15 April 2026 Sebastian Seppänen and Pasi Aaltola were elected as new members. The members of the Board of Directors were elected for a term ending at the end of the next Annual General Meeting.
New Risk • Mar 29New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.3% Last year net profit margin: 5.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (2.3% net profit margin). Market cap is less than US$100m (€14.0m market cap, or US$16.1m).
Reported Earnings • Mar 10Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: €0.07 (up from €0.04 loss in FY 2024). Revenue: €37.9m (down 14% from FY 2024). Net income: €858.0k (up €1.31m from FY 2024). Profit margin: 2.3% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%. Revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the IT industry in Finland. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings.
New Risk • Mar 08New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 2025 fiscal period end). Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (€13.0m market cap, or US$15.0m).
New Risk • Feb 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 5.5% 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. Currently unprofitable and not forecast to become profitable over next 3 years (€1.4m net loss in 3 years). Share price has been volatile over the past 3 months (5.5% average weekly change). Market cap is less than US$100m (€13.3m market cap, or US$15.8m).
お知らせ • Dec 22Netum Group Oyj, Annual General Meeting, Apr 15, 2026Netum Group Oyj, Annual General Meeting, Apr 15, 2026.
お知らせ • Dec 19+ 3 more updatesNetum Group Oyj to Report Nine Months, 2026 Results on Nov 03, 2026Netum Group Oyj announced that they will report nine months, 2026 results on Nov 03, 2026
分析記事 • Oct 22Netum Group Oyj's (HEL:NETUM) Returns On Capital Not Reflecting Well On The BusinessWhen we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...
Major Estimate Revision • Aug 26Consensus EPS estimates fall by 167%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €41.4m to €39.7m. Losses expected to increase from €0.06 per share to €0.16. IT industry in Finland expected to see average net income growth of 28% next year. Consensus price target down from €2.20 to €1.80. Share price fell 11% to €1.54 over the past week.
分析記事 • Aug 22Earnings Release: Here's Why Analysts Cut Their Netum Group Oyj (HEL:NETUM) Price Target To €1.80Shareholders might have noticed that Netum Group Oyj ( HEL:NETUM ) filed its second-quarter result this time last week...
Reported Earnings • Aug 20First half 2025 earnings releasedFirst half 2025 results: Revenue: €21.4m (down 6.0% from 1H 2024). Net loss: €625.0k (loss widened 247% from 1H 2024). Revenue is expected to fall by 2.5% p.a. on average during the next 3 years compared to a 6.4% decline forecast for the IT industry in Finland.
New Risk • Aug 19New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: €901k Forecast net loss in 3 years: €101k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite being loss-making. Currently unprofitable and not forecast to become profitable over next 3 years (€101k net loss in 3 years). Market cap is less than US$100m (€21.9m market cap, or US$25.5m).
お知らせ • Jun 20Netum Group Oyj Announces Changes in Management Team, Effective 1 July 2025Netum Group Oyj will reduce the size and streamline the work of its Management Team. As of the beginning of July, the Management Team will consist of seven members instead of the previous nine members. Netum Group's Management Team as of 1 July 2025: Repe Harmanen, CEO, Peter Ahlskog, CFO, Liina Kangas, Director, HR & Marketing, Sami Rantanen, Director, Sales and Accounts, Altti Raali, CEO, Netum Ltd, Liisa Rusanen, CEO, Studyo Oy, Mikko Koistinen, CEO, Buutti Oy. Kimmo Koivisto, Director of IT and Security, and Juha-Pekka Leskinen, Director of Strategy and Partnerships, will leave the Management Team. They will continue in their current positions and report to CEO Repe Harmanen but will not be members of the Management Team as of 1 July 2025.
New Risk • Jun 06New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: €0 (US$0) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Market cap is less than US$10m (€0 market cap, or US$0). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
New Risk • May 02New major risk - Revenue and earnings growthEarnings have declined by 63% 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 Interest payments are not well covered by earnings (2.4x net interest cover). Earnings have declined by 63% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€25.9m market cap, or US$29.3m).
Board Change • Apr 19Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Kirsi Mettala was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 13Netum Group Oyj Appoints Liisa Rusanen as Member of the Group's Management Team, Effective 23 April 2025Netum Group Oyj announced that Liisa Rusanen (b. 1980, M.Sc. (Tech.)) has been appointed a member of Netum Group Plc's Management Team as of 23 April 2025. Rusanen will transfer to the position from the role of CEO of Codeo Oy. She has previously worked for CGI Finland, Sininen Meteoriitti and Cybercom Finland, among others.
お知らせ • Mar 21Netum Group Oyj announces Annual dividend, payable on April 07, 2025Netum Group Oyj announced Annual dividend of EUR 0.0500 per share payable on April 07, 2025, ex-date on March 26, 2025 and record date on March 27, 2025.
Reported Earnings • Mar 03Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: €0.04 loss per share (improved from €0.09 loss in FY 2023). Revenue: €44.0m (up 19% from FY 2023). Net loss: €456.0k (loss narrowed 58% from FY 2023). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the IT industry in Finland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance.
Major Estimate Revision • Feb 27Consensus EPS estimates fall by 500%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €45.5m to €42.9m. Losses expected to increase from €0.01 per share to €0.06. IT industry in Finland expected to see average net income growth of 13% next year. Consensus price target down from €3.50 to €2.60. Share price fell 13% to €2.42 over the past week.
分析記事 • Jan 03Market Cool On Netum Group Oyj's (HEL:NETUM) RevenuesThere wouldn't be many who think Netum Group Oyj's ( HEL:NETUM ) price-to-sales (or "P/S") ratio of 0.8x is worth a...
お知らせ • Nov 05+ 2 more updatesNetum Group Oyj, Annual General Meeting, Mar 25, 2025Netum Group Oyj, Annual General Meeting, Mar 25, 2025.
お知らせ • Nov 01+ 1 more updateNetum Group Oyj Appoints Repe Harmanen as CEO, Effective 10 January 2025The Board of Directors of Netum Group Plc has appointed Repe Harmanen (b. 1972, M.Sc. Econ.) as the new CEO of Netum Group Plc ("Netum" or the "company") as of 10 January 2025. Harmanen has been a member of the company's Board of Directors since 2021 and he will step down from that position before assuming the duties of the CEO of Netum. Harmanen holds a Master's degree in Economics and Business Administration and has done postgraduate studies in the Doctoral Programme in Economics and Business Administration at the University of Jyväskylä. In recent years, Harmanen has worked as a board professional and advisor to growth companies, and before that as CEO of Solteq Plc and Proxion Oy, as well as in management positions in international and Finnish IT companies in Finland and abroad. He will leave most of his current Board memberships during the rest of the year. As announced on 9 October 2024, the company's current CEO Matti Mujunen shall remain in his role until Repe Harmanen starts as CEO.
お知らせ • Oct 09Netum Group Plc Announces Retirement of Matti Mujunen as CEONetum Group Plc's CEO Matti Mujunen (born 1958) has informed the Board of Directors of his retirement. The Board will now proceed a search for a successor. Matti Mujunen has served as the CEO of Netum Ltd. in 2016–2022 and as the CEO of Netum Group since 2017. During Mujunen's time as CEO, Netum Group's turnover has grown more than sixfold. In addition to strong organic development, growth has been boosted by five successful acquisitions and one business acquisition. Since June 2021, Netum Group Plc has been listed on First North Growth Market Helsinki, and Mujunen is the company's largest shareholder with 15.38% ownership. Mujunen's CEO contract includes eight months' notice. He shall remain in the role as CEO until a successor has been nominated. After this, Mujunen will continue in the company as an advisor to the Board of Directors.
お知らせ • Sep 12+ 1 more updateNetum Group Plc Announces Chief Financial Officer Changes, Effective October 1, 2024Netum Group Plc announced that CFO Mari Ala-Sorvari moves to a new role within the company and Peter Ahlskog appointed as new CFO Netum Group Plc's CFO and member of the Management Team Mari Ala-Sorvari has, on her own initiative, requested a transfer to a new role within the company. From 1 October 2024, she will be responsible for Netum's external reporting and investor relations and will act as a deputy to the CFO. Peter Ahlskog (59, M.Sc. in Computer Science and Business Administration) has been appointed as Netum Group's new Chief Financial Officer (CFO) and member of the Management Team as of 1 October 2024. For the past two years, Ahlskog has worked as Netum's Director of Operations and Processes and deputy to the CFO. He was a founding partner of Cerion Solutions Oy, a company specializing in knowledge management and digitalisation, where he served as a director in various roles on both the operational and financial sides during 2010–2022. Netum acquired Cerion Solutions Oy in 2021.
Reported Earnings • Aug 26First half 2024 earnings released: €0.01 loss per share (vs €0.03 loss in 1H 2023)First half 2024 results: €0.01 loss per share (improved from €0.03 loss in 1H 2023). Revenue: €22.8m (up 33% from 1H 2023). Net loss: €180.0k (loss narrowed 43% from 1H 2023). Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the IT industry in Finland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance.
New Risk • Aug 22New major risk - Revenue and earnings growthEarnings have declined by 70% 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 Interest payments are not well covered by earnings (0.8x net interest cover). Earnings have declined by 70% per year over the past 5 years. 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 (7.4% increase in shares outstanding). Market cap is less than US$100m (€38.1m market cap, or US$42.5m).
お知らせ • Aug 20Netum Group Oyj Reaffirms Earnings Guidance for the Year 2024Netum Group Oyj reaffirmed earnings guidance for the year 2024. The company expects its revenue in the financial year 2024 to be EUR 45 million - EUR 49 million and comparable EBITA to be approximately 8%-11% of revenue.
分析記事 • May 30Netum Group Oyj (HEL:NETUM) Is Carrying A Fair Bit Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
New Risk • May 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 5.9% 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 Debt is not well covered by operating cash flow (2.9% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Shareholders have been diluted in the past year (7.4% increase in shares outstanding). Market cap is less than US$100m (€38.9m market cap, or US$42.1m).
Price Target Changed • May 10Price target increased by 10% to €3.20Up from €2.90, the current price target is provided by 1 analyst. New target price is 19% above last closing price of €2.68. Stock is down 24% over the past year. The company is forecast to post a net loss per share of €0.02 next year compared to a net loss per share of €0.09 last year.
Major Estimate Revision • May 10Consensus EPS estimates upgraded to €0.02 loss, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from €46.1m to €45.2m. 2024 losses expected to reduce from -€0.04 to -€0.02 per share. IT industry in Finland expected to see average net income growth of 16% next year. Consensus price target up from €2.90 to €3.20. Share price was steady at €2.68 over the past week.
New Risk • Apr 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 5.7% 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 Debt is not well covered by operating cash flow (2.9% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Shareholders have been diluted in the past year (7.4% increase in shares outstanding). Market cap is less than US$100m (€33.6m market cap, or US$35.8m).
Reported Earnings • Mar 06Full year 2023 earnings releasedFull year 2023 results: Revenue: €37.1m (up 27% from FY 2022). Net loss: €1.08m (down €1.26m from profit in FY 2022).
Buy Or Sell Opportunity • Mar 04Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.9% to €2.51. The fair value is estimated to be €3.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last year. Meanwhile, the company became loss making.
New Risk • Feb 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 5.4% 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 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 (5.4% average weekly change). Shareholders have been diluted in the past year (7.4% increase in shares outstanding). Market cap is less than US$100m (€33.5m market cap, or US$36.1m).
お知らせ • Nov 15+ 4 more updatesNetum Group Oyj to Report Fiscal Year 2023 Results on Mar 05, 2024Netum Group Oyj announced that they will report fiscal year 2023 results on Mar 05, 2024
New Risk • Oct 12New major risk - Revenue and earnings growthEarnings 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 (5.9% average weekly change). Shareholders have been diluted in the past year (9.8% increase in shares outstanding). Market cap is less than US$100m (€36.6m market cap, or US$38.6m).
お知らせ • Sep 02+ 2 more updatesNetum Group Oyj (HLSE:NETUM) completed the acquisition of Buutti Oy.Netum Group Oyj (HLSE:NETUM) signed an agreement to acquire Buutti Oy on July 14, 2023. Netum Group Plc will acquire the entire share capital of Buutti Oy for an enterprise value of €10 million. 70% of the consideration will be paid in cash and 30% in new shares in Netum. Netum will issue 865851 shares to the shareholders of Buutti. The purchase price also includes compensation for net cash and working capital adjustment at the time of closing. The final purchase price will be announced after the closing. In addition sellers have the possibility of additional earn-out purchase price depending on the achievement of revenue and operating profit targets for the 2024 financial year. Netum will finance the acquisition with a bank loan, a directed share issue to the sellers and cash reserves. Buutti Oy revenue in 2022 was €9.3 million and operating profit was €1.1 million and equity €1.7 million. The transaction is expected to close on September 1, 2023. Netum Group Oyj (HLSE:NETUM) completed the acquisition of Buutti Oy on September 1, 2023. As a part of agreement Netum was issued 865851 shares worth of €3 million to shareholders of Buutti Oy.
Reported Earnings • Aug 17First half 2023 earnings released: €0.03 loss per share (vs €0.04 profit in 1H 2022)First half 2023 results: €0.03 loss per share (down from €0.04 profit in 1H 2022). Revenue: €17.1m (up 11% from 1H 2022). Net loss: €315.0k (down 164% from profit in 1H 2022). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the IT industry in Finland.
お知らせ • Aug 01+ 1 more updateNetum Group Oyj Announces Executive Changes , Effective 1 August 2023Mari Ala-Sorvari has been appointed Netum Group Plc's Chief Financial Officer (CFO) and member of the company's Management Team. Ala-Sorvari has worked for the company since 2019, currently as Group Controller responsible for the development of financial operations and reporting and acted as deputy to the CFO. Ala-Sorvari will start in her new position on 1 August 2023. She will report to CEO Matti Mujunen. Ala-Sorvari has diverse experience in financial management functions and financing, as well as special expertise in investor communications and disclosure obligations of listed companies. Netum Group Plc's CFO Pekka Levänen will, on his own initiative, step aside from his duties as CFO.
分析記事 • Jul 18Netum Group Oyj's (HEL:NETUM) Shares Not Telling The Full StoryIt's not a stretch to say that Netum Group Oyj's ( HEL:NETUM ) price-to-sales (or "P/S") ratio of 1.5x right now seems...
お知らせ • Jul 15Netum Group Oyj (HLSE:NETUM) signed an agreement to acquire Buutti Oy.Netum Group Oyj (HLSE:NETUM) signed an agreement to acquire Buutti Oy on July 14, 2023. Netum Group Plc will acquire the entire share capital of Buutti Oy for an enterprise value of €10 million. 70% of the consideration will be paid in cash and 30% in new shares in Netum. Netum will issue 865851 shares to the shareholders of Buutti. The purchase price also includes compensation for net cash and working capital adjustment at the time of closing. The final purchase price will be announced after the closing. In addition sellers have the possibility of additional earn-out purchase price depending on the achievement of revenue and operating profit targets for the 2024 financial year. Netum will finance the acquisition with a bank loan, a directed share issue to the sellers and cash reserves. Buutti Oy revenue in 2022 was €9.3 million and operating profit was €1.1 million and equity €1.7 million. The transaction is expected to close on September 1, 2023.
お知らせ • Jul 01Netum Group Announces Change in Management TeamJussi Vasama will leave his position in Netum Group Plc's Management Team as of 1 July 2023. Netum Group Plc has announced a transfer of the Netum DUX product business to Optimo Systems Oy, an associated company of Netum Group Plc. In the Management Team, Vasama was responsible for the Netum DUX product business, and he will now become the CEO of Optimo Systems Oy. As of 1 July 2023, the members of Netum Group Plc's Management Team are CEO Matti Mujunen and Altti Raali, Pekka Levänen, Liina Kangas, Sami Rantanen, Juha-Pekka Leskinen, Kimmo Koivisto and Lauri Stigell.
Major Estimate Revision • Mar 14Consensus EPS estimates fall by 29%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €36.5m to €35.8m. EPS estimate also fell from €0.17 per share to €0.12 per share. Net income forecast to grow 657% next year vs 113% growth forecast for IT industry in Finland. Consensus price target of €3.85 unchanged from last update. Share price was steady at €3.73 over the past week.
Reported Earnings • Mar 08Full year 2022 earnings: Revenues miss analyst expectationsFull year 2022 results: Revenue: €29.2m (up 30% from FY 2021). Net income: €185.0k (down 65% from FY 2021). Profit margin: 0.6% (down from 2.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.6%. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the IT industry in Finland.
Price Target Changed • Feb 07Price target decreased by 15% to €3.85Down from €4.55, the current price target is an average from 2 analysts. New target price is 5.5% above last closing price of €3.65. Stock is down 13% over the past year. The company is forecast to post earnings per share of €0.11 for next year compared to €0.05 last year.
お知らせ • Jan 17Netum Group plc Appoints Lauri Stigell as a Member of the Management TeamNetum Group Plc appointed Lauri Stigell as a member of the Management Team.
Major Estimate Revision • Dec 17Consensus EPS estimates fall by 24%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €31.4m to €31.0m. EPS estimate also fell from €0.14 per share to €0.11 per share. Net income forecast to grow 38% next year vs 19% growth forecast for IT industry in Finland. Consensus price target down from €4.55 to €4.40. Share price fell 10.0% to €3.60 over the past week.
分析記事 • Dec 17Netum Group Oyj (HEL:NETUM) Has Some Difficulty Using Its Capital EffectivelyWhat underlying fundamental trends can indicate that a company might be in decline? Businesses in decline often have...
お知らせ • Nov 23+ 1 more updateNetum Group Oyj to Report First Half, 2023 Results on Aug 15, 2023Netum Group Oyj announced that they will report first half, 2023 results on Aug 15, 2023
Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Marja-Liisa Niinikoski 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 17First half 2022 earnings released: EPS: €0 (vs €0.01 in 1H 2021)First half 2022 results: EPS: €0. Revenue: €15.5m (up 48% from 1H 2021). Net income: €493.0k (up 473% from 1H 2021). Profit margin: 3.2% (up from 0.8% in 1H 2021). Over the next year, revenue is forecast to grow 19%, compared to a 6.7% growth forecast for the IT industry in Finland.
Major Estimate Revision • Aug 11Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €29.4m to €30.6m. EPS estimate fell from €0.18 to €0.16 per share. Net income forecast to grow 240% next year vs 38% growth forecast for IT industry in Finland. Consensus price target of €4.45 unchanged from last update. Share price fell 2.2% to €4.07 over the past week.
Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Marja-Liisa Niinikoski 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.
分析記事 • Mar 10Netum Group Oyj Just Missed Earnings - But Analysts Have Updated Their ModelsAs you might know, Netum Group Oyj ( HEL:NETUM ) recently reported its full-year numbers. It was not a great result...
Reported Earnings • Mar 09Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: €0.05 (down from €0.11 in FY 2020). Revenue: €22.4m (up 28% from FY 2020). Net income: €529.0k (down 60% from FY 2020). Profit margin: 2.4% (down from 7.5% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%. Over the next year, revenue is forecast to grow 22%, compared to a 4.1% growth forecast for the industry in Finland.
Major Estimate Revision • Jan 26Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast increased from €21.6m to €22.2m. EPS estimate fell from €0.08 to €0.06 per share. Net income forecast to grow 121% next year vs 20% growth forecast for IT industry in Finland. Consensus price target down from €4.86 to €4.60. Share price fell 4.4% to €4.30 over the past week.
お知らせ • Jun 02Netum Group Oyj has completed an IPO in the amount of €8 million.Netum Group Oyj has completed an IPO in the amount of €8 million. Security Name: Shares Security Type: Common Stock Securities Offered: 2,185,000 Price\Range: €3.2 Security Name: Shares Security Type: Common Stock Securities Offered: 350,000 Price\Range: €2.88 Transaction Features: Reserved Share Offering