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
    }
  }
}


digital-workforce-clear-turn-expected-compared-h2

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Joni Grönqvist

Digital Workforce is a service provider specializing in industrial-scale process automation services. The company's service offering covers the entire intelligent automation lifecycle: design and consulting, development and deployment, cloud-based platform, support and maintenance, and further development. The company offers services and solutions to customers in various industries, including finance, healthcare, industry, logistics, and various public actors.

A smaller renewal contract was announced last week. I don’t think it was here yet.                   Digital Workforce – 11 Nov 25              Digital Workforce on solminut sopimuksen Södersjukhusetin kanssa    Lehdistötiedote 11.11.2025: Digital Workforce on solminut sopimuksen - Ruotsin johtavan sairaalan - Södersjukhusetin kanssa

Announcement: Digital Workforce Gets Three-Year Contract Extension IT service company Digital Workforce announces it has extended its agreement with Portsmouth Hospital University NHS Trust by three years. Under the agreement, the company will continue to deliver and expand automation services in cooperation with the Trust and another partner, PSTG. The existing agreement will be expanded with business process management, orchestration, intelligent document processing, and a 24/7 incident management service. According to Digital Workforce’s press release, the UK’s NHS, or National Health Service, is one of Europe’s largest healthcare systems in terms of scale and scope, covering services for 56 million people. The value of the agreement was not disclosed in the press release.

e18 Innovation (e18), part of the Digital Workforce Services (DWF) group, is delighted to announce a new partnership with NHS Humber Health Partnership (HHP), one of the largest healthcare providers in the NHS. Under this exciting new automation programme, e18 will deliver an ambitious outpatient transformation plan designed to free up more than 26,000 hours of staff time each year, and generate circa £1m of tangible financial savings over the three year contract.                   Digital Workforce – 28 Oct 25              e18 Innovation & NHS Humber Partner for Outpatient Automation    Explore e18 Innovation's partnership with NHS Humber Health Partnership, focusing on innovative automation to improve outpatient care and efficiency.         Est. reading time: 3 minutes

The market remains difficult. Public administration has retreated into a “roach mode” (ruutanamoodi), which is reflected in the gloom of several IT consultants. Next year doesn’t look better, but not worse either, because demand is already so low. Regarding agents, buyers have an abundance of choice. Various solutions are trendily marketed as “agents,” which tends to confuse potential buyers. The situation was like a taxi stand at the main railway station at its worst, to put it a bit hyperbolically. Promises are overly ambitious, but when it comes to replicable concepts, it’s quieter. It’s easiest for those in the Microsoft camp to adopt one of the Copilot technologies, and other US giants offer similar plugin solutions for those who have chosen their ecosystems. A difficult David vs. Goliath situation for DWF. So, I’m not putting on my buying pants yet. Some patient operator dreaming of cross-selling might buy DWF, but it’s difficult to justify purchases based on that card.

Joni and Frans have prepared a new company report following Digital Workforce’s Q3.  We reiterate our ‘add’ recommendation for the share and lower the target price to 3.7 euros (previously 4.30 €), reflecting reduced forecasts. Digital Workforce’s Q3 was slightly softer than our expectations. The turnaround in results has encountered some bumps this year and progressed slower than we anticipated. However, we expect the company to grow organically better than the IT service market in the coming years, and for this growth to scale into profitability. We find the share’s valuation (2026e EV/EBIT 11x, sum of parts 4.6 €) attractive.                   Inderes              Digital Workforce Q3'25: Käänne etenee hieman odotuksiamme hitaammin - Inderes    Digital Workforcen Q3 oli odotuksiamme hieman pehmeämpi. Tuloskäänne on tänä vuonna saanut hieman kuoppia matkaan ja edennyt odotuksiamme hitaammin. Odotamme kuitenkin yhtiön kasvavan lähivuosina orgaanisesti IT-palvelumarkkinaan nähden paremmin...

Digital Workforce CEO Jussi Vasama was interviewed by Iikka.                    Inderes              Digital Workforce Q3'25: Tulos parani - Inderes    Aika: 23.10.2025 klo 14.02 Digital Workforce julkisti aamulla Q3-raportin. Liikevaihto oli edellisvuoden tasolla ja jäi odotuksistamme. Oikaistuna tulos parani selvästi vertailukaudesta kulusäästöjen ja paremman myyntikatteen tukemana. Digital...                             Topics 00:00 Introduction  00:15 Q3 highlights  01:27 Development of expert services  02:51 Recurring revenue was declining  03:46 Impact of cost savings on profitability  05:17 Development in different markets  08:50 Outlook for the rest of the year

In my eyes, the credibility of the management and financial targets was now definitively lost. There has been a strong sales pipeline for several quarters already, but it simply doesn’t show in the figures, and the management isn’t even interested in the stock.

Digital Workforce

The big picture of Digital Workforce's H2 was already known and revenue decreased clearly and the result was slightly in the red. However, the company was confident in the current year and guided that revenue and earnings would grow.

<p>The big picture of Digital Workforce's H2 was already known and revenue decreased clearly and the result was slightly in the red. However, the company was confident in the current year and guided that revenue and earnings would grow. In our view, however, the challenging market brings clear uncertainty to the turnaround. In addition, the company’s strategically important OutSmart platform and growth markets are still in a relatively early stage and require more proof to rely more on the attractive long-term growth story. With our forecasts, the stock's valuation picture (2024e EV/S 0.8x, SOTP EUR 3.6) supports caution in the short term.</p> 

	2023	24e	25e
Revenue	24.9	25.6	27.8
growth-%	-2.2 %	2.9 %	8.5 %
EBIT (adj.)	-0.0	0.5	1.7
EBIT-% (adj.)	-0.2 %	2.1 %	5.9 %
EPS (adj.)	0.01	0.06	0.15
Dividend	0.00	0.00	0.00
Dividend %
P/E (adj.)	375.0	45.6	18.7
EV/EBITDA	neg.	22.8	8.2

Digital Workforce: A clear turn is expected compared to H2

Key Estimate Figures28.02.2024

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