Privacy preferences
Inderes uses cookies to provide a better user experience and a personalised service. By consenting to the use of cookies, we can develop an even better service and will be able to provide content that is interesting to you.
  • Forum
  • Stock Markets
    • MarketsLive prices, indices, and market performance
    • Stock CalendarUpcoming earnings, listings, and corporate events
    • Dividends CalendarFuture and past dividends
  • Companies
    • CompaniesBrowse and filter the full list of listed companies
    • DiscoveryInspiration for your next investment
    • IPOsNew listings and upcoming public offerings
    • AGM InvitationsAnnual general meeting dates and shareholder info
  • Stock Research
    • ResearchExpert stock analysis and recommendations
    • ArticlesNews, insights, and market commentary
    • inderesTVVideo hub for stock research, analysis, and expert commentary
    • TranscriptsFull text records of earnings calls and investor meetings
    • Stock ComparisonCompare financials and performance across multiple stocks
    • Earnings SeasonCompare EPS estimates to reported results
    • Short SellingSee which listed companies have disclosed short interest
    • Compound Interest CalculatorSee how your savings grow with the power of compound interest.
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer

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.

Cash flow still needs to be proven

TEM1VExtensive research10.05.2024, 13.10
Roni PeuranheimoAnalyst
Discuss
Download report (PDF)

Tecnotree has continued to grow strongly in recent years, but the company has been unable to convert its EBIT into cash flow due to working capital tie-ups, foreign exchange losses and large investments in product development. The company's internal focus is currently on improving cash flow, but there is no evidence of this yet. The valuation would be attractive if the company's cash flow approached the company's profit level. However, we do not expect an immediate improvement here and with the current cash flow profile we do not see the risk/reward ratio as attractive.

Tecnotree operates in the IT sector. The company specializes in the development of digital communication solutions. The services include, for example, business process services and subscription management for corporate customers in telecom and other digital service providers. Operations are held on a global level, with the largest presence in Asia, Africa and the Middle East.

Read more on company page

Forum discussions

Hardly Tieto or Reaktor at least, because $4M / year wouldn’t exceed the threshold required for a stock exchange release. Tecnotree has about...
5 hours ago
by kimsku
8
What other Finnish IT company announces deals like this? Usually it’s just change negotiations (layoffs) and profit warnings. The order backlog...
6 hours ago
by kovatuotto
8
Tecnotree Sisäpiiritieto: Tecnotree allekirjoitti kolmivuotisen ARR-sopimuksen nykyisen... Quite a significant deal, based on annual recurring...
6 hours ago
by Gekko
13
News Powered by Cision Tecnotreen hallitus hyväksyi osakepalkkiot ja osakkeiden antamisen Tecnotreelle Tecnotree Oyj Pörssitiedote 6.11.2026...
11/6/2026, 1:16 PM
by Junnu
16
I asked why Padma isn’t on the earnings call and if there is any more information about the tender offer.
11/3/2026, 7:59 PM
by Junnu
10
Just to make sure, so you asked about Padma’s absence and the tender offer during the earnings call?
11/3/2026, 2:14 PM
by Lenheeti
3
Tecnotree Tecnotree - Osakkeenomistajat Tiedot perustuvat Euroclear Finland Oy:n ylläpitämään omistajarekisteriin. Löydät sivun lopusta arkistotietoja...
11/3/2026, 1:13 PM
by Junnu
15