contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment CompanyTagList on Company {
  pageUrl
  name
  viewerIsFollowing
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    ...CompanyTagList
    id
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      defaultInstrument {
        isin
        id
      }
      id
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    id
    name
    viewerIsFollowing
    defaultInstrument {
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


canatu-signs-multi-million-joint-development-agreement-with-denso

__typename

title

isPremium

lang

htmlBody

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analytiker

Atte Riikola

Canatu is a technology company active in deep technology that creates carbon nanotubes (Canatu CNT), related products and manufacturing equipment for the semiconductor, automotive and medical diagnostics industries. The company operates through two business models, firstly using their own reactors to develop and manufacture CNT products. Second, the company sells its CNT reactors and licenses its related technology, allowing customers to produce the products themselves under a limited license.

Canatu

The agreement is "medium", i.e., with a revenue effect of 1-5 MEUR, and according to Canatu, the value of the agreement falls into the upper quartile of the range (>3.75 MEUR).

Translation: Original published in Finnish on 4/15/2025 at 7:13 am EEST.
On Monday, Canatu&#xa0;<a href="https://www.inderes.se/releases/inside-information-canatu-signs-joint-development-agreement-with-denso-to-improve-carbon-nanotube-performance">announced</a> that it has signed a one-year joint development agreement with automotive technology and component supplier DENSO (also a major shareholder of Canatu). The agreement aims to improve the electrical conductivity of carbon nanotubes and it builds on&#xa0;<a href="https://www.inderes.se/analyst-comments/canatu-and-denso-deepen-cooperation-in-the-automotive-industry">the Memorandum of Understanding</a> announced by Canatu in December 2024.
In accordance with Canatu&apos;s disclosure policy, the agreement is &quot;medium&quot;, i.e., with a revenue effect of 1-5 MEUR, and according to Canatu, the value of the agreement falls into the upper quartile of the range (&gt;3.75 MEUR). Canatu expects the revenue to be recognized during the one-year term of the agreement between April 2025 and March 2026. Canatu believes that joint development work has significant potential for future commercialization opportunities in the longer term (e.g. solar cells), if the development work is successful. The announced agreement did not come as a complete surprise, as the company commented in the outlook section of its financial statement report that it expects its cooperation and future solar cell development work to progress, which would have a positive impact on automotive revenue this year.
The agreement partly supports our forecasts, which assume that Automotive Industry&#x2019;s revenue will grow by 36% to 3.1 MEUR this year. However, the biggest variable in Canatu&apos;s 2025 revenue is the potential new reactor deals in the semiconductor sector and their timing. We have explained this in more detail in <a href="https://www.inderes.se/research/canatu-h224-vague-2025-growth-outlook-can-offer-buying-opportunities">our update</a> a few weeks ago. Our view on Canatu remains unchanged following yesterday&apos;s news.

	2024	25e	26e
Omsætning	22,0	22,8	35,4
vækst-%	62,1 %	3,7 %	55,1 %
EBIT (adj.)	-4,8	-7,5	-4,0
EBIT-% (adj.)	-21,9 %	-32,8 %	-11,4 %
EPS (adj.)	-0,01	-0,11	-0,07
Udbytte	0,00	0,00	0,00
Udbytte %
P/E (adj.)	-	-	-
EV/EBITDA	-	-	-

Canatu signs multi-million joint development agreement with DENSO

Canatu

Key Estimate Figures30.03