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
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    pageUrl
    id
  }
  tags {
    name
    id
  }
  ... on Video {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
  ... on Webcast {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
}

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
      researchContentUrl
    }
    ... 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
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

Co. Head of Research

Petri Gostowski

Solwers is a consulting company focused on the industrial sector. The company specializes in digital solutions that involve planning and project management services. Examples of the company's services include architecture, technical consulting, environmental monitoring, project management, circular economy and digital solutions. Customers are found in several industries, mainly among small and medium-sized business customers. Operations are found throughout the global market, with the largest presence in the Nordic region.

Here is the company report on Solwers from Olli following the Q1 release  Solwers’ Q1 performed below our expectations, and the key profit lines—crucial for reducing leverage—also fell slightly below a soft comparison period. We have lowered the slope of our projected earnings growth. The valuation does not appear sufficiently attractive considering the elevated financial risks. We lower our target price to EUR 2.0 (prev. EUR 2.1) and reiterate our Reduce recommendation.                   Inderes              Solwers Q1'26: Tuloskäänne antaa yhä odottaa itseään - Inderes    Solwersin Q1 meni odotuksiamme heikommin ja velkavivun sulattelun kannalta tärkeät tulosrivit jäivät hieman myös vaisun vertailukauden alle.

Here are Vilppo’s comments on Solwers’ Q1 results   Solwers released its Q1 business review this morning. The company’s revenue grew moderately, in line with our expectations. However, the profit lines fell slightly short of our expectations and the weak level of the comparison period. In the report, we find management’s warning slightly concerning that the company may not reach the original covenant level of its financing agreement at the end of June review point. For this, the company would need to get its earnings growth engine running quickly.                    Inderes – 21 May 26              Solwers Q1'26 -pikakommentti: Vaisu tulos ja kovenanttiriski varjostavat...    Yhtiön liikevaihto kasvoi maltillisesti ollen linjassa odotuksiemme kanssa. Tulosrivit jäivät kuitenkin lievästi odotuksistamme.

Message merged into thread: Sitowise - The Smart City Company

Here are Nordea’s latest thoughts on Solwers.   Ahead of Solwers’ Q1 2026 report, we make minor estimates revisions for 2026-28. Solwers will start reporting EBITA numbers from Q1 2026 also on an adjusted level to include items affecting comparability, and the company has also changed the EBITA definition to include depreciation of right-of-use assets. We have looked mainly at EBIT, so the change has no impact on our EBIT estimates or valuation methodology. However, we note that there were EUR -0.5m and EUR -0.8m in items affecting comparability in 2024 and 2025, respectively. Our DCF- and peer-based fair value range remains at EUR 2.5-3.0, including EUR 0.4 per share for the present value of unannounced acquisitions for 2026E-27E. We expect the company to post adjusted EBITA of EUR 0.5m in Q1 2026 versus EUR 0.4m a year ago.                    Inderes              Solwers: Adjusted EBITA set to improve in 2026 - Nordea - Inderes    Ahead of Solwers' Q1 2026 report, we make minor estimates revisions for 2026-28. Solwers will start reporting EBITA numbers from Q1 2026 also on an adjusted level to include items affecting ...

Here are Olli’s comments as Solwers updates its EBITA calculation method to align with standard market practices and adds new key figures to its reporting, such as ROCE.                    Inderes – 13 May 26              Solwers päivittää mittatikkunsa läpinäkyvimmiksi - Inderes    Pidämme raportoinnin läpinäkyvyyttä ja vertailukelpoisuutta parantavia muutoksia erittäin tervetulleina.

Solwers’ updated analysis. Solwers H2'25: Tuloskasvunäkymä siirtyy jälleen eteenpäin - Inderes It hasn’t entered an earnings growth path just yet (either), so we’ll wait for clearer signs of the critical earnings growth acceleration. By all logic, the capital invested in the company should still start yielding better returns than it currently is.

Here is the interview with the new CEO Johan: Solwers Q4'25: Positiivisia merkkejä - Inderes As an addition to the morning comment, I estimated there that net debt/EBITDA remained at around the 5x level, but when including the acquired companies as if they had been owned for the last 12 months, the ratio drops to 4x. I calculated that the December acquisitions were made so affordably that this actually improved the Net debt/EBITDA ratio and helps the company move towards the 3.5x required in the summer. In other respects, the fact that the earnings turnaround is being pushed further ahead once again still left a lukewarm taste regarding the report.

Solwers

Solwers is a group of expert services companies that aims to create value through both the operational business of the expert companies and by consolidating the industry through acquisitions. The considerable liquid assets on the balance sheet enable the company to implement its growth strategy, and we believe that success in this will also dictate the expected return for investors. 


<p>Solwers is a group of expert services companies that aims to create value through both the operational business of the expert companies and by consolidating the industry through acquisitions. The considerable liquid assets on the balance sheet enable the company to implement its growth strategy, and we believe that success in this will also dictate the expected return for investors.&#xa0;</p>

	2023	24e	25e
Revenue	66.0	77.1	79.4
growth-%	5.1 %	16.8 %	3.0 %
EBIT (adj.)	4.8	4.9	5.2
EBIT-% (adj.)	7.3 %	6.3 %	6.6 %
EPS (adj.)	0.32	0.29	0.32
Dividend	0.06	0.08	0.08
Dividend %	1.3 %	3.6 %	3.9 %
P/E (adj.)	15.1	7.2	6.6
EV/EBITDA	8.2	4.8	4.2

Consultation and consolidation

Key Estimate Figures13.05.2024

Forum discussions