Netum Group

1.11 EUR

0.00 %

1,755 following

NETUM

First North Finland

IT Services

Technology

Overview

Financials & Estimates

Dividend

Investor consensus

0.00 %

+6.73 %

-3.48 %

-3.48 %

-18.98 %

-51.74 %

-69.59 %

-

-75.06 %

Netum Group 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.

Market cap

14.19M EUR

Turnover

389.97 EUR

P/E (adj.) (26e)

11.85

EV/EBIT (adj.) (26e)

11.43

EV/S (26e)

0.62

Dividend yield-% (26e)

1.8 %

Coverage

Recommendation

Reduce

Target price

1.10 EUR

Updated

24.03.2026

Joni Grönqvist

Analyst

Latest research

Latest analysis report

Released: 25.03.2026

Latest extensive report

Released: 25.03.2026

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar

15.4

2026

General meeting '26

28.4

2026

Business review Q1'26

18.8

2026

Interim report Q2'26

Risk

Business risk

Valuation risk

Low

High

All

Research

Press releases

3rd party

ShowingAll content types

Press release3/25/2026, 7:00 AM

Netum selected as the provider of the City of Helsinki's data platform maintenance service

Netum extensive report: Building blocks of a turnaround are being laid

Extensive research3/25/2026, 4:30 PM by

Joni Grönqvist

Netum extensive report: Building blocks of a turnaround are being laid

Last year, Netum implemented several revisions to adapt its structure and lay the groundwork for a return to profitable growth.

Regulatory press release3/24/2026, 7:00 AM

Netum Group Plc’s Annual report 2025 published

Join Inderes community

Don't miss out - create an account and get all the possible benefits

Inderes account

Followings and notifications on followed companies

Analyst comments and recommendations

Stock comparison tool & other popular tools

Press release3/23/2026, 11:00 AM

Netum delivers the Spark course feedback system to LUT University and LAB University of Applied Sciences

Press release3/20/2026, 11:30 AM

Netum provides the Finnish Forest Centre with cyber security and data protection expert services

Press release3/18/2026, 11:00 AM

Netum selected as a partner for the comprehensive reform of the Legal Register Centre's initiative services

Regulatory press release3/18/2026, 7:00 AM

Notice to Netum Group Plc's Annual General Meeting 2026

IT service sector Q4’25 summary: Looking up

Analyst Comment3/17/2026, 8:20 PM by

Joni Grönqvist, Frans-Mikael Rostedt

IT service sector Q4’25 summary: Looking up

The Q4 earnings season in the IT services sector showed positive signs for the first time in a long while.

Digia Digital Workforce Gofore Netum Group Siili Solutions Solteq Vincit Witted Megacorp Tietoevry

Netum Q4’25 – kort kommentar: En meget forventet regnskabsmeddelelse

Analyst Comment3/10/2026, 7:24 AM by

Joni Grönqvist

Netum Q4’25 – kort kommentar: En meget forventet regnskabsmeddelelse

Selskabets forventninger var også godt i overensstemmelse med vores estimater, så vi ser ikke behov for større revisioner i vores estimater.

Regulatory press release3/10/2026, 6:00 AM

Netum Group Plc's Financial statements release 2025: The year 2025 was challenging as expected – revenue declined and profitability was supported by several efficiency measures

Press release3/9/2026, 10:00 AM

Wellbeing Services County of Päijät-Häme selects Netum for data warehousing expert services

Netum Q4'25 preview: Vi holder øje med tegn på et resultatvendepunkt i 2026

Research3/6/2026, 7:18 AM by

Joni Grönqvist

Netum Q4'25 preview: Vi holder øje med tegn på et resultatvendepunkt i 2026

Netum offentliggør sin årsrapport tirsdag. Vi vurderer, at selskabet vil udstede forventninger om, at omsætningen fortsat vil falde i indeværende år, men der er usikkerhed forbundet med rentabilitetsforventningerne.

Regulatory press release2/26/2026, 10:45 AM

Netum Group Plc: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (Oy Fincorp Ab)

Regulatory press release2/25/2026, 12:00 PM

Netum Group Plc’s transition to IFRS reporting and unaudited comparative IFRS information

Press release2/23/2026, 7:00 AM

Netum provides data protection officer services to Duodecim

Press release2/10/2026, 8:30 AM

Netum selected as the supplier of ELSA system maintenance and further development services

Regulatory press release12/29/2025, 12:00 PM

Netum Group Plc: Inside information: Netum starts change negotiations in its Solutions business

Regulatory press release12/19/2025, 7:00 AM

Netum Group Plc: Netum's schedule for financial reporting in the year 2026

Regulatory press release12/4/2025, 2:00 PM

Netum Group Plc: Managers’ transactions – Köngäs

IT service sector Q3’25: Performance remained subdued

Analyst Comment11/27/2025, 9:25 AM by

Joni Grönqvist, Frans-Mikael Rostedt

IT service sector Q3’25: Performance remained subdued

The IT service sector's Q3 earnings season began with cautious optimism, as the market looked for signs of a gradual turnaround in the IT service market. Unfortunately, the sentiment remained mostly cautious.

Witted Megacorp Vincit Tietoevry Solteq Siili Solutions Netum Group Loihde Gofore Digital Workforce Digia

Forum discussions

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

4

@Joni_Gronqvist and @Iikka_Numminen discussed Netum based on the recent comprehensive report Inderes Netum: IT-palvelusektori sutii paikoillaan - Inderes Aika: 25.03.2026 klo 09.42 Netumin tuloskunto on heikentynyt muun sektorin ohella. Topics: 00:00 Introduction 00:18 Why the share...

3/25/2026, 10:08 AM

by Sijoittaja-alokas

3

Joni has written a new company report on Netum following the Q4 release We reiterate our Reduce recommendation and EUR 1.1 target price for the share. Overall, the Q4 report was well in line with our expectations. Revenue is weighed down by large completed projects that have not ...

3/11/2026, 6:31 AM

by Sijoittaja-alokas

3

Joni has been working diligently and has prepared a comprehensive report on Netum. Like other extensive reports, this one is freely accessible to everyone. This report also includes a good industry overview, so even if you’re not specifically interested in Netum, it’s worth a look...

3/25/2026, 6:26 AM

by Sijoittaja-alokas

2

Here are Joni’s quick comments on Netum’s Q4 results. Netum released its financial statement this morning, which was largely in line with our expectations. Revenue decreased significantly as predicted, driven by the completion of large projects. Profitability was weak, driven by ...

3/10/2026, 7:28 AM

by Sijoittaja-alokas

2

Here are Antti’s comments as Netum begins change negotiations. Netum announced on Monday that it is initiating change negotiations in its subsidiary Netum Oy (Netum Solutions business area). The goal of the negotiations is to adjust personnel costs to match the current level of the...

12/30/2025, 6:07 AM

by Sijoittaja-alokas

2

CEO Repe Harmanen was interviewed by Joni regarding Q4 Inderes Netum Q4'25: Päättyneet projektitoimitukset painoivat liikevaihtoa - Inderes Aika: 10.03.2026 klo 12.40 Netumin liikevaihto laski odotetusti Q4:llä, johtuen suurten projektien loppumisesta ja heikosta markkinatilanteesta...

3/10/2026, 5:12 PM

by Sijoittaja-alokas

1

Read more on our forum

Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.