Tokmanni's Q1 results were soft across the board, especially abroad, where the company's earnings level deteriorated despite a clear increase in sales.

Kinas centralbank meddelade i morse att de sänker sina viktigaste räntor för första gången sedan oktober. Landet försöker stimulera sin egen konsumtion genom utlåning. Det är svårt att nå det ekonomiska tillväxtmålet på fem procent utan stimulansåtgärder.

Ascelia Pharma - Recording of Q1-2025 presentation

Last week, Scandinavian Medical Solutions announced its H1 2024/25 report. As expected from the guidance downgrade back in March, the company has been challenged by hesitant buyers from the uncertain macroeconomic environment. We have updated our investment case one-pager following the recent news from the H1 2024/25 report.

We update Mandatum's target price following the dividend payout. Our views on the company or its future outlook remain unchanged, so we have not made any changes to our earnings forecasts in connection with the update.

Meet and ask questions to Deputy CEO Julie Waras Brogren from Ascelia Pharma on 19 May at 10:00 AM when she presents the results for the first quarter of 2025.

En genomgång av ett antal nyckeltal som är ofta återkommande i investerarsammanhang. Enkelt förklarat, som sig bör!

Förra veckan var en stark uppgångsvecka på aktiemarknaderna i Europa och USA. I Helsingfors steg indexnivån med 3 % under veckan, och S&P 500 studsade tillbaka till plus sedan årets början. Vapenvilan mellan USA och Kina orsakade glädjetjut i sentimentet.

In Q1 2025, Agillic had positive momentum in new clients, implying a return to growth in ARR from subscriptions, which grew by 4% YoY. Agillic also improved its EBITDA to DKK 0.8m in the quarter after reducing its cost base in Q4 2024. The company maintained its 2025 guidance. We have updated our investment case one-pager with the recent news and results, including an updated overview of a selected Danish SaaS peer group.

Orthex's Q1 figures were disappointing, as credit risk management, fewer campaigns than in the comparison period, and the impact of Finnish strikes pushed revenue into decline and earnings well below the comparison period.

Energy Save ökade omsättningen under första kvartalet – men marknaden förblir utmanande. Vi intervjuade bolagets CFO, Helena Wachtmeister, som sammanfattar Q1-rapporten, kommenterar marknadsutvecklingen och ger en inblick i bolagets finansiella ställning.

Review by CEO Juha Kokkonen from Canatu's Annual General Meeting on May 15, 2025.