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Netum Group

1.04 EUR

+5.05 %

1,742 following
Corporate customer

NETUM

First North Finland

IT Services

Technology

+5.05 %
-0.95 %
-9.57 %
-11.11 %
-36.97 %
-56.67 %
-71.89 %
-
-76.63 %

Netum 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
13.3M EUR
Turnover
8.84K EUR
P/E (adj.) (25e)
10.02
EV/EBIT (adj.) (25e)
9.86
EV/S (25e)
0.56
Dividend yield-% (25e)
1.92 %
Coverage
Recommendation
Reduce
Target price
1.10 EUR
Updated
2026-03-06
Disclaimer
Joni Grönqvist
Joni Grönqvist

Analyst

Latest research

Latest analysis report

Released: 2026-03-06

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
15/4
2026

General meeting '26

28/4
2026

Business review Q1'26

18/8
2026

Interim report Q2'26

Risk
Business risk
Valuation risk
Low
High
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Netum Q3'25: Osäkerheten är rättvist värderad
Research by
Joni Grönqvist

Netum Q3'25: Osäkerheten är rättvist värderad

Q3 var svagare än våra förväntningar. Det finns tyvärr ingen större positiv vändning i sikte på marknaden, vilket gör den viktiga nyförsäljningen utmanande. Den kontinuerliga nedgången i omsättningen hotar att urholka effektiviteten av effektiviseringsåtgärderna, och det finns en tydlig osäkerhet kring tidpunkten och omfattningen av resultatvändningen.

Netum Group
Forum discussions
Since no other comments are seen or heard, I must state that Netum’s performance is quite regrettable. It is, of course, difficult for all IT service companies, but here it has come crashing down. Hopefully, a turnaround can be achieved soon.
11/5/2025, 11:31 AM
by bomboom
4
Here are Joni’s quick comments on Netum’s Q4 results. Netum released its financial statement this morning, which was largely in line with our expectations. Revenue decreased significantly as predicted, driven by the completion of large projects. Profitability was weak, driven by ...
16 hours ago
by Sijoittaja-alokas
2
Here are Antti’s comments as Netum begins change negotiations. Netum announced on Monday that it is initiating change negotiations in its subsidiary Netum Oy (Netum Solutions business area). The goal of the negotiations is to adjust personnel costs to match the current level of the...
12/30/2025, 6:07 AM
by Sijoittaja-alokas
2
CEO Repe Harmanen was interviewed by Joni regarding Q4 Inderes Netum Q4'25: Päättyneet projektitoimitukset painoivat liikevaihtoa - Inderes Aika: 10.03.2026 klo 12.40 Netumin liikevaihto laski odotetusti Q4:llä, johtuen suurten projektien loppumisesta ja heikosta markkinatilanteesta...
7 hours ago
by Sijoittaja-alokas
1
Joni has prepared a pre-earnings report on Netum, which will release its Q4 results on Tuesday, March 10. The IT services market has remained difficult in Q4. We expect the company’s revenue decline to have continued strongly at the end of the year as a result of a decrease in the...
3/6/2026, 7:56 AM
by Sijoittaja-alokas
1
And here are Joni’s comments on the result itself. Netum published its Q3 business review this morning, which was softer than our expectations. Revenue clearly decreased and more than expected. Profitability remained weak, pressured by a heavy cost structure, and the recently completed...
11/4/2025, 7:45 AM
by Sijoittaja-alokas
1
Joni has made a new company report on Netum after Q2. We reiterate our reduce recommendation for Netum’s share and lower the target price to 1.8 euros (previously 2.2 €), reflecting changes in forecasts. Netum issued a negative profit warning before the earnings release, so the report...
8/20/2025, 4:50 AM
by Sijoittaja-alokas
1
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