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 ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...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
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    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 {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    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
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


eezy-oyj-managers-transactions-tapio-pajuharju-1

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Eezy operates in staffing and recruitment. The company offers solutions in several sectors, mainly in construction and civil engineering, electrical engineering and the manufacturing industry. In addition, HR support is offered as well as support and training in the work areas. The largest operations are found in the Nordic and Baltic markets. The company was previously known as VMP Group and is headquartered in Helsinki.

Tässä on Petrin kommentit henkilöstöpalvelualan laskumenosta lokakuussa. *According to the staffing industry’s revenue survey, the revenue of the 20 largest companies in the sector was approximately EUR 120 million in October, which represents an 8% decrease year-on-year. The development of the overall market is essentially linked to temporary staffing

It would be significant for Eezy if a September-like boost continued.

Yes, something has been pumped, and because of that, Q4 might not have as good cash flow as in previous years, but if you scroll through 5 years of Q4 reports, Q4 has always been by far the strongest quarter in terms of cash flow. So, relatively, it might not be as strong as in recent years, but I would be surprised if net debt isn’t also pushed down in the last quarter. And the strong operating profit margin already in Q3 doesn’t hurt in this regard for Q4.  While pondering this, I have now concluded that when negotiating during Q1, the assumption was that Q1 and Q2 would already perform better in terms of operating profit/revenue, and the trend would improve towards the end of the year. Then the market didn’t ease at all, and the expected improvements for 2026 now look challenging from the current level. Could they have expected a return to closer to the €15 million operating profit level in 2026? In any case, I’ve arrived at pretty much the same conclusion as you.

Free cash flow this year – if calculated as Operating cash flow - investments - lease liability repayments – has indeed been only 0.9 M€. However, that is clearly more than the -1.2 M€ of the corresponding periods in 2023 / 2024. 4Q2023 was 2.3 M€, and 4Q2024 was as much as 4.7 M€. I interpreted that some cash flow pumping has been practiced during 2025, so I would be surprised if a setback like last year’s occurred. This is because quite many companies perform their pumping at the end of the year, perhaps Eezy also did it earlier. On the other hand, “one-offs” have already accumulated this year to the extent of 2024, it remains to be seen whether operating cash flow needs to be burdened with them in 4Q2025… Well, perhaps, let’s see, the decline in turnover has continued and the first quarter is the year’s low point. My own interpretation, as can be inferred from the interview, is that the covenants are tightening more than the situation is improving. Probably in the 1Q2025 covenant negotiations, the focus has been more on 2025 covenants than 2026, as well as the perception that the business environment would improve in 2H2025 or similar. This has been hoped for and expected for the entire national economy for a long time… EDIT: an addition to that, both Saksi and Westermark mention that historically, the staffing industry was among the first to rise when an upturn begins.  k€  M€

@Petri_Gostowski’s latest report:                   Inderes              Eezy Q3'25: Markkinan myötätuulta odotellessa - Inderes    Keskeinen kysymysmerkki Eezyn lähivuosien tulosparannuksen suhteen on henkilöstövuokrausmarkkinan kehitys                             “Eezy generated a free cash flow of 0.9 MEUR in Q1-Q3’25, which reflects the criticality of strengthening cash flow to bring down indebtedness.” This cash flow was the best for the first 3 quarters since 2022 (even then, only lower investments made it better), and Eezy’s cash flow is generally weighted towards the last quarter. With the current cost structure, it seems that the cash flow will be strong this year as well, although the cash flow optimization measures have yielded some good results in these earlier quarters, which might take a little away from the last one. Since efficiency measures with their one-off costs have been heavily implemented quarter after quarter, and now if these are not done in Q4, then the cash flow should be stronger in this respect as well, without those costs. Next year, the investment level can be expected to drop just a little, based on what I heard from the CEO in the webcast. It seems that Eezy would have good prospects for future quarters, but those challenges regarding financing covenants

I find it somewhat strange that financing negotiations were just held in the spring, and since then, the operating margin/cash flow development has been quite good. So how is it that we’re in a situation where next year will be tight with covenants again? What level of performance was expected, then?

Well, indeed, it says there that adjusted EBITDA is used. I calculated it using the EBITDA presented in the interim report, and indeed the result of the net debt/EBITDA calculation was the same as what is stated in the interim report. When EBITDA is a rolling 12 months and net debt includes IFRS at the end of the reporting period. We probably don’t know what the adjusted EBITDA is, or what the covenant levels are now and in the future… perhaps the adjustment could then be those specifically mentioned, such as for Q3 2025:    The result included personnel costs related to the termination of employment relationships of EUR 0.4 (0.4) million and other non-recurring costs of EUR 0.6 (0.6) million.

Eezy

EEZY PLC -- MANAGERS TRANSACTIONS -- 15 MAY 2025 AT 09:30Eezy Oyj - Managers' Transactions ____________________________________________ Person subject to the notification requirement Name: Tapio...

EEZY PLC &nbsp;-- &nbsp;MANAGERS TRANSACTIONS &nbsp;-- &nbsp;15 MAY 2025 AT 09:30Eezy Oyj - Managers' Transactions ____________________________________________ Person subject to the notification requirement Name: Tapio Pajuharju Position: Member of the Board/Deputy member Issuer: Eezy Oyj LEI: 743700ZKOMTB7X00OW54 Notification type: INITIAL NOTIFICATION Reference number: 108514/4/6____________________________________________ Transaction date: 2025-05-14 Venue: NASDAQ HELSINKI LTD (XHEL) Instrument type: SHARE ISIN: FI4000322326 Nature of transaction: ACQUISITION&nbsp;Transaction details (1): Volume: 20000 Unit price: 0.73 EUR&nbsp;Aggregated transactions (1):&nbsp; Volume: 20000 Volume weighted average price: 0.73 EUR Further information: Ilpo Toivonen Leading Legal Counsel tel. +358 (0)40 307 5003 ilpo.toivonen@eezy.fi