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
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      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
    }
  }
}


panostaja-oyj-managers-transactions-forss-1

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

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.

And Panostaja owns a good half of Grano…

It looks correct and indeed, it was sold for less than we expected. Note, however, that Grano owned only 50% of Diesel, not the whole company.

Am I looking at the right company, or how is it possible to sell with these numbers at a €1.7m valuation? https://www.finder.fi/Painotalo/Grano+Diesel+Oy/Helsinki/yhteystiedot/255217

@Olli_Vilppo Was the latest report uploaded to the Kauppalehti site? The headlines are from the new one, but I can’t download it myself even though I should have access? Or maybe there’s just some bug on my end..

Hi! The cash flow statement now shows how much was received from the sale of subsidiaries, which was about 1.7 MEUR. In connection with the previous report, I estimated that the sale would reduce Grano’s net debt by about 3 MEUR (incl. IFRS 16 liabilities), as the information was not yet available. It was also forecasted that Grano would deliver roughly a zero result (excluding comparison period figures), but it actually delivered -1.2 MEUR. So, these components resulted in the value of the Grano ownership having to be written down, even though the EV did not change much.  Another question: Panostaja states in the report that the parent company’s cash and financial securities as well as liquid fund units were 1.4 MEUR, and the parent company’s interest-bearing liabilities were 4.7 MEUR (this refers to the total amount lent to subsidiaries). Of the latter, about 2.5 MEUR is, in my understanding, in Hygga, which will be recovered in February when the sale was closed. And the rest is roughly the R&D loan granted to Core HW.

Thanks @Olli_Vilppo for the report. A couple of small questions regarding the latest analysis.  You write that “Based on the development of Grano’s net debt, the purchase price for Grano Diesel fell short of our expectations, and the loss incurred during the review period also increased net debt.” Did you have an initial idea (“ballpark”) for the purchase price, as according to your expectations, the sale of Diesel should have reduced Grano’s net debt as of December 31, 2025? Panostaja’s own communications and statements are unfortunately vague, as the CEO considers the sale price of Diesel to have been quite reasonable (see the segment from the December 12, 2025 interview below). However, Grano’s net debt did not decrease, and the only definitely profitable unit was apparently sold off quite cheaply.                 Is it known how much of Panostaja’s net cash currently consists of loans granted to portfolio companies? For example, Corehw’s debt had apparently continued to grow, and one could imagine it needing more capital again at some point. Against the backdrop of the Hygga events, I am trying to outline the potential risk regarding these loans.

Updated report Panostaja: Vaisu lopetus pidennetylle tilikaudelle - Inderes

Panostaja

12.3.2026 16:30:02 EET | Panostaja Oyj | Managers' TransactionsPanostaja Oyj Stock Exchange Bulletin, Managers´ Transactions March 12, 2026 at 16:30 pm. Panostaja Oyj - Managers' Transactions_________...

12.3.2026 16:30:02 EET | Panostaja Oyj | Managers' TransactionsPanostaja Oyj&nbsp; &nbsp; &nbsp; &nbsp; Stock Exchange Bulletin, Managers´ Transactions&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; March 12, 2026 at 16:30 pm. Panostaja Oyj - Managers' Transactions____________________________________________Person subject to the notification requirementName: Saga ForssPosition: Member of the Board/Deputy member&nbsp;Issuer: Panostaja OyjLEI: 743700ZGH7GD27UOQO12Notification type: INITIAL NOTIFICATIONReference number: 146887/4/4____________________________________________Transaction date: 2026-03-12Venue: NASDAQ HELSINKI LTD (XHEL)Instrument type: SHAREISIN: FI0009800379Nature of transaction: RECEIPT OF A SHARE-BASED INCENTIVE&nbsp;Transaction details(1): Volume: 12121 Unit price: 0.33 EUR&nbsp;Aggregated transactions (1):Volume: 12121 Volume weighted average price: 0.33 EUR&nbsp;PANOSTAJA OYJ&nbsp;&nbsp;For further information, contact CEO Tapio Tommila: tel. +358 (0)40-527 6311<a href="http://www.panostaja.fi/en/">www.panostaja.fi/en/</a><h4>Attachments</h4><ul> <li> <a href="https://www.sttinfo.fi/ir-files/69820421/71876186/15071/Download%20announcement%20as%20PDF.pdf">Download announcement as PDF.pdf</a> </li></ul>