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Research

Odotetun haastava alku vuoteen

By Joni GrönqvistAnalyst
Vincit
Download report (PDF)This report is only available for Inderes Premium customers.

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. Ennusteillamme osakkeen arvostuskuva (2024e EV/EBITA 8x, EV/Liikevaihto 0,3x, P/E 14x ja DCF 4,3 €) on jo nyt houkutteleva, mutta erityisesti kun huomioidaan yhtiön operatiivinen potentiaali.

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.

Read more on company page

Key Estimate Figures25.04.2024

202324e25e
Revenue98.190.696.4
growth-%15.7 %-7.7 %6.4 %
EBIT (adj.)3.44.25.8
EBIT-% (adj.)3.4 %4.6 %6.0 %
EPS (adj.)0.160.190.27
Dividend0.100.150.17
Dividend %3.1 %15.8 %17.9 %
P/E (adj.)20.25.03.5
EV/EBITDA21.20.80.5

Forum discussions

Management does exactly what the (majority) owner says. I guess the owner says that this is good.
6/6/2026, 2:15 PM
by tzo
1
I am concerned that the current management has not made any insider purchases, even though the company is being priced at all-time lows. Doesn...
6/5/2026, 1:07 PM
by Chris Champ
6
CEO Julius Manni spoke about his company as an investment at the IT Services Evening Topics: (00:00) Introduction (00:16) Vision (00:31) Vincit...
5/27/2026, 4:00 PM
by Sijoittaja-alokas
2
Here are Joni’s comments regarding Vincit’s acquisition of the business operations of Data Clinic Oy, a company specialized in data and analytics...
5/27/2026, 6:34 AM
by Sijoittaja-alokas
4
Julius Manni did quite well at IT Day; for the first time, I heard clearly where the company’s focus is, and I think today’s acquisition supports...
5/26/2026, 2:14 PM
by TitoK
5
Vincit Tiedotteet Vincit is a digital business partner that turns digital into business results by combining leading enterprise platforms and...
5/26/2026, 8:23 AM
by Cadel
9
The market has been extremely difficult in the IT services sector, but in Vincit’s case, the company’s board really needs to look in the mirror...
5/13/2026, 7:42 PM
by SoftaSijoittaja
4