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Digital Workforce

2.60 EUR-0.38 %30/7 10:37
1,428 following

DWF

First North Finland

IT Services

Technology

Overview
Financials & Estimates
Dividend
Investor consensus
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-0.38 %
+10.17 %
-1.52 %
+4.00 %
-1.89 %
-25.29 %
-39.53 %
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-58.66 %

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
30.44M EUR
Turnover
5.88K EUR
P/E (adj.) (26e)
16.66
EV/EBIT (adj.) (26e)
17.31
EV/S (26e)
1.05
Dividend yield-% (26e)
3.46 %
Coverage
Recommendation
Buy
Target price
3.30 EUR
Updated
2026-07-19
Disclaimer
Joni Grönqvist
Joni Grönqvist

Analyst

Latest research

Latest analysis report

Released: 2026-07-20

Latest extensive report

Released: 2025-12-18

Revenue and EBIT-%
EPS and dividend
Financial calendar
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Forum discussions
Positive developments, good work. — Digital Workforce Services Oyj is raising its revenue growth guidance for 2026. The guidance regarding profitability remains unchanged. New guidance for 2026 The Digital Workforce Group’s revenue is expected to grow by 27–37% in 2026 compared to...
7/16/2026, 3:45 PM
by Sheikki
26
Digital Workforce Services Oyj has today signed and completed an agreement to acquire the AI agent-based customer service business of Front AI Oy. Purchase price €3–3.6M. At least personally, I have quite a positive feeling about this based on the limited information. Regardless,...
7/1/2026, 5:54 AM
by Blackparta
14
Joni released a company update this morning following yesterday’s acquisition. The recommendation was upgraded from Accumulate to Buy, with the target price remaining unchanged. Inderes Digital Workforce: Yritysosto hyvin linjassa strategian kanssa​ - Inderes Digital Workforce kertoi...
7/2/2026, 11:17 AM
by Tomi Valkeajärvi
13
Hi, this is Digital Workforce’s CFO Laura! Jussi already managed to answer yesterday, but here is a slightly more detailed explanation. The change in license accounting consisted (just as you noted) of two parts: 1. Netting of revenue, where only the resale margin is recognized as...
5/27/2026, 5:56 AM
by Laura Viita
12
CEO Jussi Vasama in an interview with @Joni_Gronqvist regarding Q2!
7/17/2026, 11:31 AM
by Sara Antonacci
10
Here are Joni’s comments on Digital Workforce’s morning earnings report Digital Workforce published its half-year report this morning, which was positive and gave confidence that the strong momentum will continue. Revenue grew strongly, driven by an acquisition and also organically...
7/17/2026, 6:45 AM
by Sijoittaja-alokas
8
The acquisition seems like a very good small-scale bolt-on purchase to complement the offering for existing customers. The target was acquired at moderate valuation multiples (EV/EBITDA 5-6x). CapMan Growth Equity Fund 2017 Ky appears to be a shareholder in both companies.
7/1/2026, 9:59 AM
by halli
6
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
21/10
2026

Business review Q3'26

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

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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
Digital Workforce Q1'26: Strong start increased confidence in the turnaround
Research2026-04-23 08:41 by
Joni Grönqvist

Digital Workforce Q1'26: Strong start increased confidence in the turnaround

Now, we expect growth to continue as good and scale into profitability slightly better in the future.

Digital Workforce
Digital Workforce Q1’26 flash comment: Now we have the much-needed evidence
Analyst Comment2026-04-22 09:19 by
Joni Grönqvist

Digital Workforce Q1’26 flash comment: Now we have the much-needed evidence

Organic growth accelerated to 22% and clearly exceeded expectations.

Digital Workforce
Regulatory press release2026-04-22 07:00

Digital Workforce Services Plc, Business Review Q1 2026: Strong performance in all businesses and markets; new partnerships in agentic AI business

Digital Workforce
Regulatory press release2026-04-16 15:15

Resolutions of Digital Workforce Services Plc’s Annual General Meeting 2026 and the constitutive meeting of the Board of Directors

Digital Workforce
Digital Workforce Q1’26 preview: Growth spurt with an acquisition, focus on organic momentum
Analyst Comment2026-04-16 08:11 by
Joni Grönqvist

Digital Workforce Q1’26 preview: Growth spurt with an acquisition, focus on organic momentum

We expect revenue to jump 20% due to the acquisition, even though organic growth remains subdued.

Digital Workforce
Nordic IT sector: Getting better, but not quite at 20 yet
Analyst Comment2026-04-07 12:06 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
Digital Workforce Investor Day | CEO review 19.3.202619:33
Video2026-03-20 08:55

Digital Workforce Investor Day | CEO review 19.3.2026

CEO Jussi Vasama’s review at Digital Workforce’s Investor Day on March 19, 2026.

Digital Workforce
Digital Workforce: Improved confidence and cheaper valuation
Research2026-03-20 09:19 by
Joni Grönqvist

Digital Workforce: Improved confidence and cheaper valuation

Yesterday’s presentations provided deeper insight into the company’s positioning and competitive advantages in a market shaped by artificial intelligence. The company appeared more confident than before about the future and about continuing to resolve sales bottlenecks.

Digital Workforce
Digital Workforce Investor Day on March 19, 2026 at 14 EET
Webcast2026-03-19 13:00

Digital Workforce Investor Day on March 19, 2026 at 14 EET

Digital Workforce Services Plc invites its investors and analysts to an Investor Day on Thursday March 19, 2026 at 14-16 EET.

Digital Workforce
Regulatory press release2026-03-18 12:02

Digital Workforce Services Plc - Managers' transactions - Kalpala

Digital Workforce