Panostaja

0.30 EUR

0.00 %

4,212 following

PNA1V

NASDAQ Helsinki

Investment

Financials

0.00 %
-8.26 %
-10.45 %
-12.54 %
-26.65 %
-19.57 %
-50.82 %
-58.45 %
+511.56 %

Panostaja is an investment company. The company acquires and develops small and medium-sized companies with long-term development potential. In addition to growth potential, the companies focus on actively owning and driving strategic changes. The investment portfolio is focused on several industries with the greatest concentration on healthcare and industry across the European market. The company's headquarters are located in Tampere.

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Market cap
16M EUR
Turnover
66.06 EUR
P/E (adj.) (26e)
-13.21
EV/EBIT (adj.) (26e)
100.62
P/B (26e)
0.64
EV/S (26e)
0.47
Dividend yield-% (26e)
3.33 %
Coverage
Recommendation
Reduce
Target price
0.29 EUR
Updated
21.05.2026
Disclaimer
Olli Vilppo
Olli Vilppo

Analyst

Latest research

Latest analysis report

Released: 12.03.2026

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
26.8
2026

Interim report Q2'26

19.11
2026

Business review Q3'26

Risk
Business risk
Valuation risk
Low
High
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Panostaja Q1'26 preview: Værdidriver CoreHW's positionering forventes at blive mere præcis i Japan
Analyst Comment by
Olli Vilppo

Panostaja Q1'26 preview: Værdidriver CoreHW's positionering forventes at blive mere præcis i Japan

Panostaja offentliggør sit Q1-forretningsoverblik torsdag den 21. maj. I regnskabsmeddelelsen vil vores opmærksomhed især være rettet mod fremdriften i kommercialiseringen af CoreHW's produktforretning, da de japanske kunder på dette tidspunkt af foråret burde have truffet beslutninger om mulige udvidelser af pilotprojekterne.

Panostaja

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Panostaja: Granos restruktureringsforhandlinger resulterer i årlige besparelser på 2,5 MEUR
Analyst Comment by
Olli Vilppo

Panostaja: Granos restruktureringsforhandlinger resulterer i årlige besparelser på 2,5 MEUR

Grano har afsluttet de restruktureringsforhandlinger, der startede i februar, og hvis foranstaltninger vil opnå permanente årlige omkostningsbesparelser på cirka 2,5 MEUR. Det realiserede besparelsesbeløb var lidt lavere end de tidligere estimerede cirka 3 MEUR, men dette påvirker ikke vores investeringsbetragtning af Panostajas værdi.

Panostaja
Panostaja: Svag afslutning på det forlængede regnskabsår
Research by
Olli Vilppo

Panostaja: Svag afslutning på det forlængede regnskabsår

Panostajas regnskabsmeddelelse for november-december levede ikke op til vores forventninger, da driftsresultatet for den vigtigste ejerandel, Grano, faldt markant år-til-år. Vi må også fortsat afvente større ordrer for CoreHW's produktforretning, som er den mest potentielle vækstdriver.

Panostaja
Forum discussions
Updated analysis here: Panostaja Q1'26: Tasaisen harmaa suoritus - Inderes I reasoned the decrease in Grano’s net debt in the report as follows: “Grano’s net debt unexpectedly decreased by EUR 2 million from the end of the year despite the loss-making result. No clear reason for ...
5/22/2026, 5:08 AM
by Olli Vilppo
6
Another appalling result yet again, and nothing better is expected in the short term as the report describes the outlook for all investment targets as merely “satisfactory.” We have been waiting for CoreHW’s breakthrough for the last 5 years, and at this rate, we’ll probably be waiting...
5/21/2026, 8:42 AM
by Harvasepäivä
6
I recall that Gugguu’s minority stake was valued at approximately 1.5 million euros on Panostaja’s balance sheet. Has the risk of a write-down increased (cf. Hygga’s case)? Revenue continued to decline, and the loss relative to revenue increased further. Have Panostaja’s growth targets...
5/21/2026, 7:33 AM
by Raha-aasi
6
What are the key factors currently causing the extension of the PoC phase for customers? Is it investment processes, internal decision-making, or standards/certification? How do you see new Bluetooth features (e.g., more accurate distance measurement) affecting customer decision-...
5/21/2026, 12:22 PM
by Tunturisusi
4
This is certainly strange from a shareholder’s perspective. Profitable parts of Grano are being carved out and sold to the operational team at a bargain price. Meanwhile, after five years of waiting, they acquire a startup for a few million in an extremely competitive market.
5/21/2026, 8:56 AM
by NOKNOK
4
Gugguu has been optimized to the limit, and now its expensive children’s clothing is being produced in countries like China. So much for being “domestically made.” Gugguu’s downward spiral doesn’t really seem to be improving. I wonder if this will be Panostajan’s next final write...
20 hours ago
by Raha-aasi
2
Here is the interview; this time I only had time to include those previous questions.
5/21/2026, 2:15 PM
by Olli Vilppo
2
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