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Digital Workforce

2.36 EUR-1.67 %6/11 17:29
1,446 following

DWF

First North Finland

IT Services

Technology

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-1.67 %
-8.17 %
-6.72 %
-9.58 %
-10.94 %
-21.85 %
-30.18 %
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-62.48 %

Digital Workforce is a service provider specializing in industrial-scale process automation services. The company's service offering covers the entire intelligent automation lifecycle: design and consulting, development and deployment, cloud-based platform, support and maintenance, and further development. The company offers services and solutions to customers in various industries, including finance, healthcare, industry, logistics, and various public actors.

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Market cap
27.64M EUR
Turnover
5.56K EUR
P/E (adj.) (26e)
26.52
EV/EBIT (adj.) (26e)
19.46
EV/S (26e)
0.99
Dividend yield-% (26e)
3.81 %
Coverage
Recommendation
Buy
Target price
3.30 EUR
Updated
2026-10-21
Disclaimer
Joni Grönqvist
Joni Grönqvist

Analyst

Latest research

Latest analysis report

Released: 2026-10-22

Latest extensive report

Released: 2025-12-18

Revenue and EBIT-%
EPS and dividend
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Digital Workforce announced a public sector development contract for Front AI, which was acquired this year, potentially generating €2–10M in new order backlog. Traficom Traficom valitsi Front AI Oy:n generatiivista tekoälyä käyttävän puhe- ja... Uusien generatiivista tekoälyä hy...
9/29/2026, 5:21 PM
by Sheikki
16
The results are out, and here are the analyst’s comments on the earnings report: Inderes – 21 Oct 26 Digital Workforce Q3'26 -pikakommentti: Vahva kasvu jatkui, mutta... Liikevaihdon kasvu ylitti ennusteemme jatkuvaveloitteisten palveluiden erinomaisen vedon ja yritysostojen tukemana...
10/21/2026, 6:13 AM
by BossoB
8
The numbers are out, and recurring revenue shows nice growth. Profitability is also sure to improve if things continue like this. … Financial figures for July–September 2026: Revenue was EUR 7.9 (5.5) million, up 44% Continuous service revenue was EUR 5.0 (3.2) million, up 59%. Continuous...
10/21/2026, 6:15 AM
by Sheikki
7
A €4.6M contract for Digital Workforce (shared with Atostek). Digital Workforce – 28 Oct 26 Digital Workforce ja Atostek automatisoivat Suomen suurimman... Digital Workforce ja Atostek automatisoivat Suomen suurimman Kanta-arkistointihankkeen Pohjois-Pohjanmaalla ja Lapissa
10/28/2026, 7:42 AM
by Sheikki
6
I don’t quite understand why the stock dropped? In my opinion, the CEO was convincing, and isn’t growth a good thing at this stage even if additional investments eat into profits and recurring revenue/contracts keep growing?
10/22/2026, 5:38 AM
by Matsku
5
That e18 acquisition looks like a great buy. The company has a really solid position as a partner for England’s NHS “integrated care systems” (sote-alueet). There could even be a surprising leap in growth from there.
10/29/2026, 12:51 PM
by hulabaloo
4
Here are Joni’s comments on Digital Workforce announcing the payment of the first installment of the earnout from the e18 Consulting acquisition, as well as carrying out a directed share issue to the seller. Inderes – 26 Oct 26 Digital Workforcen e18-lisäkauppahinta vahvistaa hyv...
10/26/2026, 9:15 AM
by Sijoittaja-alokas
4
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Regulatory press release2026-11-02 12:30

Digital Workforce Services Plc - Share subscriptions based on stock options 2017

Digital Workforce
Analyst Comment2026-10-26 08:20
by Joni Grönqvist

Digital Workforce’s e18 earn-out underlines strong momentum in the UK

In our view, the earn-out payment confirms that e18 has performed well against its targets and that the UK healthcare market is robust.

Digital Workforce
Regulatory press release2026-10-23 09:00

Digital Workforce Services Plc has resolved on a directed share issue to the seller of e18 Consulting Ltd and pays the first part of the additional consideration

Digital Workforce

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Digital Workforce Q3'26: Interesting phase, interesting story
Research2026-10-22 09:00
by Joni Grönqvist

Digital Workforce Q3'26: Interesting phase, interesting story

The company begins a new strategy period next year, and we expect only minor adjustments to its priority areas. We also expect the new financial targets to reflect a front-loaded growth profile, with strong scaling into profitability coming only later in the period.

Digital Workforce
Digital Workforce Q3'26 flash comment: Strong growth continued, but investments weighed on profitability
Analyst Comment2026-10-21 07:51
by Joni Grönqvist

Digital Workforce Q3'26 flash comment: Strong growth continued, but investments weighed on profitability

Revenue growth exceeded our estimates, supported by the excellent momentum in Continuous Services and acquisitions. On the other hand, heavy investments in growth weighed on earnings clearly more than we expected.

Digital Workforce
Regulatory press release2026-10-21 07:00

Continuous Services growth accelerated to 59%, total revenue grew by 44%, adjusted EBITDA was 7% of revenue

Digital Workforce
Digital Workforce Q3’26 preview: Acquisitions set to drive strong growth and slight improvement in earnings
Analyst Comment2026-10-15 08:11
by Joni Grönqvist

Digital Workforce Q3’26 preview: Acquisitions set to drive strong growth and slight improvement in earnings

In the report, our attention will be drawn in particular to the progress of the commercialization of AI agents, the outlook for the UK market, and the initial steps of the Front AI integration.

Digital Workforce
Regulatory press release2026-09-17 14:30

Digital Workforce Services Plc - Managers' transactions - Niinikoski

Digital Workforce
IT service sector Q2’26 summary: Divide is evident; the good and the bad stand out clearly
Analyst Comment2026-08-31 18:58
by Joni Grönqvist, Frans-Mikael Rostedt

IT service sector Q2’26 summary: Divide is evident; the good and the bad stand out clearly

The divide deepened: the turnaround seen at the end of last year did not extend to the sector as a whole, and differences between companies widened even further in Q2.

DigiaDigital WorkforceGoforeSiili SolutionsSolteqNetum GroupReaktor GroupTietoVincitWitted Megacorp
Regulatory press release2026-08-14 13:00

Digital Workforce Services Plc - Share subscriptions based on stock options 2020

Digital Workforce
Digital Workforce Q2'26: Strategy and offering effectively address market demand
Research2026-07-20 09:18
by Joni Grönqvist

Digital Workforce Q2'26: Strategy and offering effectively address market demand

The company has provided much-needed evidence of sales and growth, which increases confidence in the strategy's effectiveness.

Digital Workforce
Digital Workforce Q2’26 flash comment: Good momentum continued and is expected to continue
Analyst Comment2026-07-17 08:35
by Joni Grönqvist

Digital Workforce Q2’26 flash comment: Good momentum continued and is expected to continue

The operational result was also well in line with our expectations.

Digital Workforce
Regulatory press release2026-07-17 07:00

Revenue growth 37% and adjusted EBITDA 7% in the first half, new orders and operational execution driving performance improvement

Digital Workforce
Regulatory press release2026-07-16 17:15

Inside information, positive profit warning: Digital Workforce increases its revenue growth outlook for 2026

Digital Workforce
Digital Workforce Q2’26 preview: Strong growth and improved earnings expected
Analyst Comment2026-07-15 07:58
by Joni Grönqvist

Digital Workforce Q2’26 preview: Strong growth and improved earnings expected

In the report, our attention is drawn to the sustainability of organic growth, the progress of commercializing AI agents, and the outlook for the UK market.

Digital Workforce
Digital Workforce: Acquisition well aligned with strategy
Research2026-07-02 08:15
by Joni Grönqvist

Digital Workforce: Acquisition well aligned with strategy

Digital Workforce announced yesterday that it has acquired AI agent capabilities, which aligns well with the company's strategy.

Digital Workforce
Regulatory press release2026-07-01 07:45

Inside information: Digital Workforce expands use of agentic AI and acquires Agentic AI for customer service business from Front AI Oy

Digital Workforce
Analyst Comment2026-05-28 07:36
by Roni Peuranheimo, Frans-Mikael Rostedt

Case: Personalmarginalerna för konsultföretag har fortsatt att försvagas

Marginalen för personalkostnader hos konsultföretag har sjunkit stadigt under de senaste fem åren.

Aallon GroupAdministerDigiaDigital WorkforceEtteplanFondiaGoforeLoihdeNetum GroupSiili SolutionsSitowise GroupSolteqSolwersTalenomVincitWitted Megacorp
IT service sector Q1’26: Clear dichotomy
Analyst Comment2026-05-13 09:12
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
Regulatory press release2026-05-08 12:00

Digital Workforce Services Plc - Share subscriptions based on stock options 2020

Digital Workforce