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Netum Group

1.11 EUR

-2.63 %

1,761 following

NETUM

First North Finland

IT Services

Technology

Overview
Financials & Estimates
Dividend
Investor consensus
Compare
-2.63 %
-4.72 %
+7.77 %
-3.48 %
-5.93 %
-41.27 %
-68.82 %
-74.60 %
-75.06 %

Netum Group operates in the IT sector. The company specializes in the development of software solutions. The software is developed in-house and is mainly used for design and implementation of software, management and monitoring of information systems, cybersecurity solutions and IT management. The customers consist of corporate customers in several sectors. In addition to the main business, various value-added services are offered. The largest operations are in the Nordic region.

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Market cap
14.19M EUR
Turnover
1.11K EUR
P/E (adj.) (26e)
12.91
EV/EBIT (adj.) (26e)
11.88
EV/S (26e)
0.67
Dividend yield-% (26e)
1.8 %
Coverage
Recommendation
Reduce
Target price
1.05 EUR
Updated
28.04.2026
Disclaimer
Joni Grönqvist
Joni Grönqvist

Analyst

Latest research

Latest analysis report

Released: 29.04.2026

Latest extensive report

Released: 25.03.2026

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
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Forum discussions
CEO’s review from last week’s Annual General Meeting! Inderes Netumin yhtiökokous | Toimitusjohtajan katsaus 15.4.2026 - Inderes Aika: 21.04.2026 klo 09.18 Toimitusjohtaja Repe Harmasen katsaus Netumin yhtiökokouksesta 15.4.2026.
4/21/2026, 6:19 AM
by Sara Antonacci
4
@Joni_Gronqvist and @Iikka_Numminen discussed Netum based on the recent comprehensive report Inderes Netum: IT-palvelusektori sutii paikoillaan - Inderes Aika: 25.03.2026 klo 09.42 Netumin tuloskunto on heikentynyt muun sektorin ohella. Topics: 00:00 Introduction 00:18 Why the share...
3/25/2026, 10:08 AM
by Sijoittaja-alokas
3
Joni has written a new company report on Netum following the Q4 release We reiterate our Reduce recommendation and EUR 1.1 target price for the share. Overall, the Q4 report was well in line with our expectations. Revenue is weighed down by large completed projects that have not ...
3/11/2026, 6:31 AM
by Sijoittaja-alokas
3
Joni interviewed Netum’s CEO Repe Harmanen after the Q1 results release Inderes Netum Q1'26: Kannattavuuden osalta torjuntavoitto - Inderes Aika: 28.04.2026 klo 13.25 Netumin liikevaihto laski rajusti Q1:llä, mutta kannattavuus oli laskuun suhteutettuna torjuntavoitto. Yhtiö toteutti...
4/28/2026, 11:14 AM
by Sijoittaja-alokas
2
Netum’s results from this morning Inderes Netum Group Oyj:n liiketoimintakatsaus 1.1.–31.3.2026: Tammi–maaliskuun 2026... Netum Group Oyj | Yhtiötiedote | 28.4.2026 klo 8.00Netum Group Oyj:n liiketoimintakatsaus 1.1.–31.3.2026: Tammi–maaliskuun 2026 liikevaihto laski 25,2 %, EBITA...
4/28/2026, 6:39 AM
by Saku
2
Joni has been working diligently and has prepared a comprehensive report on Netum. Like other extensive reports, this one is freely accessible to everyone. This report also includes a good industry overview, so even if you’re not specifically interested in Netum, it’s worth a look...
3/25/2026, 6:26 AM
by Sijoittaja-alokas
2
Netum’s Repe Harmanen was at the IT Services Night to talk about the company as an investment. Topics: (00:00) Introduction (00:27) Netum in brief (04:14) Q1’26 (06:45) Cyberwatch becomes part of Netum (08:36) Strategic focus areas (09:54) Strategy work (10:50) Internationalization...
5/27/2026, 6:23 AM
by Sijoittaja-alokas
1
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
18.8
2026

Interim report Q2'26

3.11
2026

Business review Q3'26

Regulatory press release6/2/2026, 11:30 AM

Netum Group Plc: Managers’ transactions – Köngäs

Netum Group
Analyst Comment5/28/2026, 5:36 AM by
Roni Peuranheimo, Frans-Mikael Rostedt

Case: Ekspertvirksomhedernes personalemargener er fortsat med at falde

Dækningsbidraget pr. medarbejder i konsulentvirksomheder er faldet støt i løbet af de seneste fem år.

Aallon GroupAdministerDigiaDigital WorkforceEtteplanFondiaGoforeLoihdeNetum GroupSiili SolutionsSitowise GroupSolteqSolwersTalenomVincitWitted Megacorp
Regulatory press release5/20/2026, 10:00 AM

Netum Group Plc: Managers’ transactions – Köngäs

Netum Group

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IT service sector Q1’26: Clear dichotomy
Analyst Comment5/13/2026, 7:12 AM by
Joni Grönqvist, Frans-Mikael Rostedt

IT service sector Q1’26: Clear dichotomy

The IT service sector's revenue organically returned to a downward trend, and profitability improved in Q1. Differences between companies deepened.

DigiaDigital WorkforceGoforeVincitNetum GroupSiili SolutionsSolteqWitted Megacorp
Press release5/4/2026, 8:00 AM

The Finnish Government Shared Services Centre for Finance and HR (Palkeet) chose Netum as the supplier of the iPaaS integration platform service

Netum Group
Netum Q1'26: De rigtige ting sker, men det er ikke tid endnu
Research4/29/2026, 5:37 AM by
Joni Grönqvist

Netum Q1'26: De rigtige ting sker, men det er ikke tid endnu

Q1 regnskabet var i det store hele lidt blødere end vores forventninger, selvom rentabiliteten var en god forsvarssejr. Med henblik på fremtiden er retningen drevet af salget den rigtige, men der er stadig klar usikkerhed forbundet med timingen af salget og dets indvirkning på omsætning og rentabilitet.

Netum Group
Netum Q1'26 - kort kommentar: Omsætningsudviklingen var en skuffelse, og rentabiliteten var igen en defensiv sejr
Analyst Comment4/28/2026, 6:10 AM by
Joni Grönqvist

Netum Q1'26 - kort kommentar: Omsætningsudviklingen var en skuffelse, og rentabiliteten var igen en defensiv sejr

Når vi ser fremad, er vi på rette vej drevet af salget, men der er stadig klar usikkerhed forbundet med timingen af effekten.

Netum Group
Regulatory press release4/28/2026, 5:00 AM

Netum Group Plc’s business review 1 January–31 March 2026: Revenue for January–March 2026 decreased 25.2%, EBITA 1.8% of revenue

Netum Group
Netum Q1'26 preview: Afslutningen af store projekter tynger stadig årets begyndelse
Analyst Comment4/23/2026, 6:00 AM by
Joni Grönqvist

Netum Q1'26 preview: Afslutningen af store projekter tynger stadig årets begyndelse

Vi estimerer, at omsætningen faldt med 12 % i 1. kvartal, da store projekter endte. Salg kompenserer dog endnu ikke for det opståede hul.

Netum Group
Netum styrker sin cybersikkerhedsekspertise ved at opkøbe lille Cyberwatch
Analyst Comment4/22/2026, 4:00 AM by
Joni Grönqvist

Netum styrker sin cybersikkerhedsekspertise ved at opkøbe lille Cyberwatch

Cyberkøbet styrker den strategiske ekspertise og tilfører selskabet en solid EBITDA-margin på 30 procent.

Netum Group
Regulatory press release4/21/2026, 12:31 PM

Netum Group Plc: Change in the number of Netum Group Plc's treasury shares

Netum Group
Press release4/21/2026, 12:30 PM

Netum Group Plc strengthens its offering by acquiring cyber security company Cyberwatch Oy

Netum Group
Press release4/16/2026, 11:30 AM

Netum selected for DigiFinland Oy's IT expert services framework agreement in data warehousing

Netum Group
Regulatory press release4/15/2026, 8:30 AM

Resolutions of Netum Group Plc's Annual General Meeting and the constitutive meeting of the Board of Directors

Netum Group
Nordic IT sector: Getting better, but not quite at 20 yet
Analyst Comment4/7/2026, 10:06 AM by
Joni Grönqvist

Nordic IT sector: Getting better, but not quite at 20 yet

In Finland, revenue growth picked up towards the end of the year, surpassing that of the other Nordic countries for the first time in a long while.

DigiaDigital WorkforceGoforeNetum GroupSiili SolutionsSolteqVincitWitted MegacorpColumbusTrifork GroupAvensiaAddnode GroupBouvetB3 Consulting GroupCAG GroupCombinedXExsitecKnowitNetcompany GroupNNITProact IT GroupWebstep
Press release3/25/2026, 7:00 AM

Netum selected as the provider of the City of Helsinki's data platform maintenance service

Netum Group
Netum extensive report: Building blocks of a turnaround are being laid
Extensive research3/25/2026, 4:30 PM by
Joni Grönqvist

Netum extensive report: Building blocks of a turnaround are being laid

Last year, Netum implemented several revisions to adapt its structure and lay the groundwork for a return to profitable growth.

Netum Group
Regulatory press release3/24/2026, 7:00 AM

Netum Group Plc’s Annual report 2025 published

Netum Group
Press release3/23/2026, 11:00 AM

Netum delivers the Spark course feedback system to LUT University and LAB University of Applied Sciences

Netum Group
Press release3/20/2026, 11:30 AM

Netum provides the Finnish Forest Centre with cyber security and data protection expert services

Netum Group