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Netum Group

1.28 EUR

+0.79 %

1,728 following

NETUM

First North Finland

IT Services

Technology

+0.79 %
-5.88 %
-28.89 %
-37.86 %
-50.00 %
-57.33 %
-67.10 %
-
-71.24 %

Netum operates in the IT sector. The company specializes in the development of software solutions. The software is developed in-house and is mainly used for design and implementation of software, management and monitoring of information systems, cybersecurity solutions and IT management. The customers consist of corporate customers in several sectors. In addition to the main business, various value-added services are offered. The largest operations are in the Nordic region.

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Market cap
16.37M EUR
Turnover
634.96 EUR
P/E (adj.) (25e)
25.66
EV/EBIT (adj.) (25e)
10.1
EV/S (25e)
0.59
Dividend yield-% (25e)
1.56 %
Coverage
Recommendation
Reduce
Target price
1.25 EUR
Updated
05.11.2025
Disclaimer
Joni Grönqvist
Joni Grönqvist

Analyst

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Risk
Business risk
Valuation risk
Low
High
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Nordic IT service sector Q2’25: Difficulties across geographies
Analyst Comment by
Joni Grönqvist, Frans-Mikael Rostedt

Nordic IT service sector Q2’25: Difficulties across geographies

In the rest of the Nordic countries, organic revenue development turned downward and profitability weakened in Q2. Thus, even applying the Rule of 20, the situation in the IT services market remains distinctly challenging, with only one company achieving good performance and two achieving satisfactory performance.

DigiaDigital WorkforceGoforeLoihdeNetum GroupSiili SolutionsSolteqTietoevryVincitWitted MegacorpAvensiaBouvetB3 Consulting GroupColumbusCombinedXExsitec HoldingKnowitNetcompany GroupNNITProact IT GroupTrionaTrifork GroupWebstep
IT service sector Q2’25: Recovery is taking its time
Analyst Comment by
Joni Grönqvist

IT service sector Q2’25: Recovery is taking its time

The IT service sector entered the Q2 earnings season in a cautious mood, albeit with expectations of a turnaround. In reality, however, the situation deteriorated even further, with revenue falling more than before and beyond our expectations and profitability remaining at a very low level.

DigiaDigital WorkforceGoforeLoihdeNetum GroupSiili SolutionsSolteqTietoevryVincitWitted Megacorp
Forum discussions
There was still time for a negative push before tomorrow’s Q2. Joni already seemed to be pondering this in the preview: Our forecasts are now at the lower end of the guidance, and in our view, the company once again faces an earnings warning risk. https://www.inderes.fi/releases/...
8/18/2025, 5:55 PM
by Saku
6
Since no other comments are seen or heard, I must state that Netum’s performance is quite regrettable. It is, of course, difficult for all IT service companies, but here it has come crashing down. Hopefully, a turnaround can be achieved soon.
11/5/2025, 11:31 AM
by bomboom
2
Tässä on Jonin etkoilut, kun Netum julkaisee Q2-tuloksensa ensi viikon tiistaina. Arvioimme Netumin liikevaihdon laskeneen suurten projektien asteittaisen työmäärän vähenemisen ja haastavan uusmyynnin myötä. Lisäksi ennustamme kannattavuuden laskeneen edellisestä neljänneksestä, ...
8/13/2025, 7:49 AM
by Sijoittaja-alokas
2
And here are Joni’s comments on the result itself. Netum published its Q3 business review this morning, which was softer than our expectations. Revenue clearly decreased more than expected. Profitability remained weak, burdened by a heavy cost structure, and the recently concluded...
11/4/2025, 7:45 AM
by Sijoittaja-alokas
1
Joni has made a new company report on Netum after Q2. We reiterate our reduce recommendation for Netum’s share and lower the target price to 1.8 euros (previously 2.2 €) reflecting forecast changes. Netum issued a negative profit warning before the earnings release, so the report...
8/20/2025, 4:50 AM
by Sijoittaja-alokas
1
Joni interviewed CEO Repe Harmas regarding the negative outlook and Q2. https://www.inderes.fi/videos/netum-q225-viivastyksia-hankkeiden-aloituksissa Topics: 00:00 Introduction 00:14 Profit warning and summary of Q2 results 02:34 Project sizes 03:30 Necessity of new efficiency measures...
8/19/2025, 12:18 PM
by Sijoittaja-alokas
1
Toimitusjohtaja Repe Harmanen oli kertomassa yhtiöstään sijoituskohteena IT-palveluiltamissa. Hän oli myös Jonin haastateltavana. Inderes Netum sijoituskohteena | IT-palveluilta 2.6.2025 - Inderes Aika: 02.06.2025 klo 16.50 Toimitusjohtaja Repe Harmanen kertoo Netumista sijoituskohteena...
6/3/2025, 6:05 AM
by Sijoittaja-alokas
1
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