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
            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
    }
  }
}


consti-short-term-outlook-remains-modest-evli

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Consti operates in the construction industry. The company specializes in solutions that involve renovation, installation, procurement, and major restructuring work, from commercial premises to residential buildings. Operations are held on a global level, with the largest presence in the Nordic market. Customers consist of small and medium-sized corporate customers and private actors.

Here is the company report from Atte right after Consti’s Q4 results.  Consti’s Q4 result was in line with our expectations, although the guidance for the current year was slightly softer than we had predicted. We have further raised our revenue growth forecasts for the coming years slightly due to the significant scale of the Government Palace project. On the other hand, we have slightly lowered our relative profitability forecast as the company’s project portfolio will be more heavily weighted toward limited-risk alliance projects in the future. Following the recent share price rise, in our view, the most significant upside potential has been exhausted in the short term. We maintain our target price at EUR 12.5 and our recommendation at Reduce. Quoted from the report: New orders and order backlog on the decline, but the pipeline still has volume The volume of Consti’s new orders fell to EUR 41 million in Q4, which is a clear decrease from EUR 67 million in the comparison period. The company has continued its disciplined bidding activities; furthermore, the competitive situation in the market remains tight. Due to the tight competition, the company has continued to invest in bidding and negotiation activities. The order backlog decreased to EUR 208 million at the end of Q4 (end of Q4’24: EUR 240.1 million), which is 13.3% below the comparison period. It should be noted, however, that the company will record the renovation portion of the Government Palace project, approximately EUR 112 million, in the order backlog for the first quarter of the current year.                   Inderes              Consti Q4'25: Toimintaympäristö jarruttaa edelleen - Inderes    Viimeaikaisen kurssinousun myötä näkemyksemme mukaan merkittävin nousupotentiaali on lyhyellä aikavälillä syöty.

Here are Evli’s fresh comments on Consti’s performance.  In their view, Q4 was overall okay; revenue and earnings were slightly better than expected, and they also highlighted that group-level costs were lower than estimated. However, in Evli’s opinion, the guidance for this year was soft.                   Inderes              Consti: Q4 was positive, but guidance was soft - Evli - Inderes    Consti reported a slight beat in revenue and EBIT but guidance was softer than expected.

Here are Kaisa’s and Atte’s quick comments on Consti’s Q4 results.  Consti’s Q4 result was overall in line with our expectations. Revenue slightly exceeded our estimates, while the result was in line with our expectations. In contrast, Consti’s order backlog decreased compared to the comparison period, although it remains at a moderate level. The Board’s dividend proposal, for its part, fully met our expectations. Guidance for the current year suggests that the result level will remain practically unchanged (2026e: EUR 10.9 million) and reflects a still cautious market outlook.                   Inderes              Consti Q4’25 -pikakommentti: Vuosi päättyi odotusten mukaisesti ohjeistuksen...    Liikevaihto ylitti ennusteemme lievästi, kun taas tulos oli linjassa odotuksiimme nähden.

The spike coincides perfectly with the Kauppalehti article. In a small company, news like this can trigger sharp rises.

Consti indeed announced in November that it had been selected as the project’s implementer, and yesterday the company signed a spearhead project alliance agreement with the client for the project. Consti’s share of the project, upon implementation, is significant (171 MEUR, total cost estimate 195 MEUR), and approximately 112 MEUR of the project will already be recorded in the order backlog for the first quarter of this year. The project as a whole represents about 9% of our revenue forecast for the years 2026–2030. I will review our forecasts again in connection with the company’s Q4 report.

It must have been a surprise for the market too, because after the previous news, the share price didn’t move in either direction for two months.

At least for me, it came as a surprise how large Consti’s share of the project is.

Consti

Consti’s outlook for 2026 was on the softer side, with the challenging market conditions not showing signs of easing in the short-term. Fortunately, little points to notable weakening. We now...

Consti’s outlook for 2026 was on the softer side, with the challenging market conditions not showing signs of easing in the short-term. Fortunately, little points to notable weakening. We now expect flat revenue and EBIT growth in 2026, which stretches multiples, but with expectations of market recovery and order backlog driven support in 2027 retain our ACCUMULATE-rating and TP of EUR 12.5.