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Research

Boreo: Solid attacking game

By Joonas KorkiakoskiAnalyst
Boreo
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Boreo published its Q2 report on Thursday that operatively was nearly fully in line with our expectations. The company's businesses were in good shape and despite external challenges, financial performance is solid. The share’s valuation has risen but relative to the convincingly progressing acquisition strategy and the longer-term value creation potential it includes we do not consider the price to be too high. Thus, we consider the annual risk adjusted return expectation to still be sufficient.

Boreo creates value by owning, acquiring and developing small and medium-sized companies in the long-term. Boreo's business operations are organized into two business areas: Electronics and Technical Trade. Boreo's primary objective is sustainable long-term profit generation. The business model is based on the acquisition and ownership of entrepreneurial companies. The profits generated are re-invested back to operations or to acquisitions with attractive expected returns on capital.

Read more on company page

Key Estimate Figures06.08.2021

202021e22e
Revenue97.6138.2155.1
growth-%63.0 %41.6 %12.2 %
EBIT (adj.)5.99.712.4
EBIT-% (adj.)6.0 %7.0 %8.0 %
EPS (adj.)1.502.453.28
Dividend0.400.440.48
Dividend %1.4 %2.1 %2.3 %
P/E (adj.)19.68.56.4
EV/EBITDA15.16.04.6

Forum discussions

It’s undeniably a negative signal that the person who essentially knows the company’s finances best considers now a good time to sell. On the...
yesterday
by Karhu Hylje
2
The announcement actually reported trades from two separate days: 1,573 shares and 1,987 shares, for a total sale of 3,560 shares. Consequently...
yesterday
by Otter Investor
2
Isn’t it somewhat negative anyway? Or how does it usually go? Do departing key personnel often sell their shares even if they believe the share...
yesterday
0
Boreo’s share price skyrockets – CFO decided to sell shares for 70,000 euros | Arvopaperi Arvopaperi didn’t feel it was necessary to clarify...
yesterday
by PikkuOsta
6
I asked AI how Boreo benefits from the construction of data centers. Could this partly explain the sharp rise in the share price? Several of...
yesterday
by Sioittaja
3
Inderes Boreo Oyj - Johdon liiketoimet – Jesse Petäjä - Inderes Boreo Oyj - Johdon liiketoimet – Jesse PetäjäBoreo Oyj Johdon liiketoimet 19...
2/19/2026, 5:56 PM
by Otter Investor
5
Interesting background on the stock’s trading structure after the Q4 report: share turnover today (so far): 10,747 shares previous days up to...
2/19/2026, 3:38 PM
by Justus Lipsius
4
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