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
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Joni Grönqvist

Vincit provides design and software development services. The services include e-commerce and web application software, cloud platforms, mobile applications and IoT solutions. The services are used by both small and medium-sized business customers. The largest operations are in Europe and North America. Vincit was founded in 2007 and is headquartered in Finland.

Vincit has indeed fallen into a really bad spiral now. Many senior-level experts have had enough and left of their own accord, and the company’s reputation among them has collapsed. This situation is really difficult to mend through recruitment because it’s hard to find anyone equally qualified to replace them. And on the other hand, without these seniors, it’s difficult to win tenders.

Kuitunen’s purchases could, at least in principle, slightly raise the share price. Admittedly, Mr. Kuitunen has been steadily accumulating shares throughout the downturn, and no one has gotten rich quick by jumping on that bandwagon. Furthermore, the trading volume for this stock has often been terribly low. Even individual, quite small purchases move the share price more or less randomly. I wouldn’t pay too much attention to changes within a very small time or price range with this (stock), really..

I have been looking for a buying opportunity for this stock, but I don’t understand the basis for the share price increase after the negative earnings warning. If this were purely a product business, I would see the layoffs as a positive thing, because they would generate direct savings. In the consulting business, the situation is different: co-determination negotiations (YT negotiations) and the reduction in personnel clearly indicate that revenue will also weaken next year. Furthermore, the layoffs now target billable personnel, which increases the relative costs of administrative tasks. I believe that in 2026, there will be new co-determination negotiations to specifically adjust administrative roles. As a result, I estimate the share price will drift closer to one euro — a price level at which I myself am willing to buy.

Frans’s comments on how Vincit is initiating change negotiations regarding possible layoffs.                   Inderes              Vincit käynnistää muutosneuvottelut mahdollisista lomautuksista - Inderes    Uutinen ei ollut yllätys, kun huomioidaan yhtiön hiljattain antama tulosvaroitus sekä liikevaihdon ja kannattavuuden heikko kehitys Q3:lla.

Vincit              Tiedotteet    Vincit is a digital business partner that turns digital into business results by combining leading enterprise platforms and tailored solutions.                             Vincit initiates change negotiations concerning possible layoffs in accordance with the Co-operation Act. The change negotiations concern Vincit

Inderes              Vincit Oyj - Johdon liiketoimet - Inderes    Vincit Oyj, Yhtiötiedote, johtohenkilöiden liiketoimet 26.11.2025 klo 08.10Vincit Oyj - Johdon liiketoimet____________________________________________IlmoitusvelvollinenNimi: Cloudberry Capital...                                               Inderes              Vincit Oyj - Johdon liiketoimet - Inderes    Vincit Oyj, Yhtiötiedote, johtohenkilöiden liiketoimet 26.11.2025 klo 08.05Vincit Oyj - Johdon liiketoimet____________________________________________IlmoitusvelvollinenNimi: Cloudberry Capital...                                               Inderes              Vincit Oyj - Johdon liiketoimet - Inderes    Vincit Oyj, Yhtiötiedote, johtohenkilöiden liiketoimet 26.11.2025 klo 08.00Vincit Oyj - Johdon liiketoimet ____________________________________________IlmoitusvelvollinenNimi: Cloudberry Capital...                             Acquisitions from Mikko Kuitunen: 96 000 pcs + 75 000 pcs + 4000 pcs

Here is a company report from Joni after the downgrade. We lower Vincit’s target price to EUR 1.35 (previously EUR 1.45) and reiterate our reduce recommendation for the stock. Vincit issued a feared profit warning regarding profitability, which reinforces the picture of the company’s challenging situation. It would be important for the company to stabilize its revenue, but this has proven challenging, and there is no significant market tailwind in sight yet. Thus, in our view, it is critical for the company to initiate new efficiency measures to bring profitability to at least a satisfactory level. The stock’s valuation is tight, although there is potential if a turnaround succeeds, but the risk-reward ratio is not currently attractive.                   Inderes              Vincit: Käänteestä ei vieläkään merkkejä - Inderes    Vincit antoi pelätyn tulosvaroituksen kannattavuudesta, mikä vahvistaa kuvaa yhtiön haastavasta tilanteesta. Yhtiön olisi tärkeää saada liikevaihto stabiloitua, mutta tämä on osoittautunut haasteelliseksi, eikä markkinalta ole vielä näköpiirissä...

Vincit

Vincitin Q1 oli odotetun heikko, kun liikevaihto laski selvästi vertailukaudesta ja kannattavuus parani hieman edellisestä neljänneksestä. Ennustamme liikevaihdon laskevan suhteellisen selvästi ja kannattavuuden paranevan tehostustoimenpiteiden ajamana vuonna 2024.

<p>Vincitin Q1 oli odotetun heikko, kun liikevaihto laski selv&auml;sti vertailukaudesta ja kannattavuus parani hieman edellisest&auml; nelj&auml;nneksest&auml;. Ennustamme liikevaihdon laskevan suhteellisen selv&auml;sti ja kannattavuuden paranevan tehostustoimenpiteiden ajamana vuonna 2024. Ennusteillamme osakkeen arvostuskuva (2024e EV/EBITA 8x, EV/Liikevaihto 0,3x, P/E 14x ja DCF 4,3 &euro;) on jo nyt houkutteleva, mutta erityisesti kun huomioidaan yhti&ouml;n operatiivinen potentiaali.</p>

	2023	24e	25e
Revenue	98.1	90.6	96.4
growth-%	15.7 %	-7.7 %	6.4 %
EBIT (adj.)	3.4	4.2	5.8
EBIT-% (adj.)	3.4 %	4.6 %	6.0 %
EPS (adj.)	0.16	0.19	0.27
Dividend	0.10	0.15	0.17
Dividend %	3.1 %	11.3 %	12.8 %
P/E (adj.)	20.2	7.1	4.9
EV/EBITDA	21.2	2.0	1.4

Odotetun haastava alku vuoteen

Key Estimate Figures25.04.2024

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