contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Easor is a financial administration platform company that offers entrepreneurs an easy-to-use tool for financial management and enhances the operations of accounting firms and service providers.
https://investors.easor.fi/en/

Here is the company report on Easor from Atte following the Q4 results.  Easor’s reported figures for last year contained no material surprises, and we have only made slight fine-tuning to our forecasts. This year, the company is going all-in on growth and building international distribution channels, which is currently mainly reflected in the cost lines. If the company succeeds in achieving strong international growth, the stock offers significant value creation potential. However, the company still has to prove itself regarding international growth, and this year’s growth rate will still fall short of targets. Additionally, stock market sentiment for software companies is weak, and based on the start of Easor’s journey as a listed company, investors are not currently ready to significantly price in future growth. At the current valuation (2026e EV/S 2.3x), we see the risk-reward ratio as attractive, and the stock has fallen below the lower end of our estimated fair value range. Thus, we raise our recommendation to Buy (prev. Accumulate), but revise our target price to EUR 0.85 (prev. EUR 1.0).                   Inderes              Easor Q4'25: Jakelukanavien rakentaminen jatkuu tänä vuonna - Inderes    Osake on laskenut alle arvioimamme käyvän arvon haarukan alalaidan.

Let’s save the CEO’s interview here for the record:                   Inderes              Easor Q4'25: Uusi yhtiö pörssissä - Inderes    Aika: 11.03.2026 klo 14.40 Ohjelmistoyhtiö Easor irtaantui Talenomista itsenäiseksi pörssiyhtiöksi.                             The webcast also contained plenty of interesting information, although for me, having just gone through the process of initiating coverage, there naturally wasn’t a huge amount of new information. The number of partner accounting firms is developing on an upward trend in Finland and abroad, just as it should. Of course, it’s worth noting that the free pilots for the first software in Italy are reflected in that strong development of the very last few months. New partners have also been acquired in Spain, and this year the sales focus will be particularly on increasing their number. New partners often start small but grow progressively larger over time. So, if the number of partner accounting firms continues to grow, revenue will also follow at some point. This year, of course, patience is still required. More chatter coming in tomorrow’s update report!

Inderes              Easor, Webcast, Q4'25 - Inderes    Aika: 11.03.2026 klo 12.30 Kieli: fi Language: fin Sector: Information Technology Activity: Webcast                                               Inderes              Robokommentti Easorin Q4-tuloksesta - Inderes    Easorin Q4-liikevaihdon kasvu pysähtyi käytännössä kokonaan ja jäi hieman odotuksistamme. Kasvun hidastumista selittävät asiakasaloitusten viiveet, ilmaisjaksot sekä kumppanikanavan kautta hankittujen asiakkaiden pienempi koko. Kannattavuus heikkeni...                                               Inderes              Easor Oyj:n eräitä taloudellisia tietoja 1.1.-31.12.2025...    Easor Oyj, Pörssitiedote 11.3.2026 klo 9.00Easor Oyj:n eräitä taloudellisia tietoja 1.1.-31.12.2025 (tilintarkastamaton): Perusta on nyt valettu – katse kasvuun Talenom Oyj:n osittaisjakautumisen...                              Strategic priorities for 2026 1. Growth   We are expanding our network of partner accounting firms and actively supporting them in new customer acquisition.   At the end of 2025, there were 15.4 thousand customer companies on the platform. In February 2026, we had 274 partner accounting firms.   2. AI   Easor software has utilized machine learning and AI in accounting processes since 2016. The degree of automation in Easor’s accounting software is approximately 80%, with only about 20% of manual work remaining.   In software development, AI tools have brought significant productivity benefits by streamlining the entire idea-to-product development process.   Long experience in the accounting industry gives us a competitive advantage, enabling us to introduce AI-based solutions into our software. They improve the productivity of partner accounting firms and simplify the daily lives of customer companies.   We grew the partner accounting firm network and the number of customer companies on our platform. The number of partner accounting firms increased to 180 by the end of the year. In February 2026, our network already included 274 accounting firms in total across all our operating countries. The strongest growth in partner accounting firms is currently in Italy. In Italy, the first software version is in the piloting phase, and we are not yet charging for its use. The number of customer companies grew by 17.4 percent during 2025 to 15.4 (13.2) thousand. The number of customer companies grew especially in Spain, which, however, did not yet generate significant revenue for 2025. Billing has started from the beginning of 2026. In 2025, our comparable revenue grew by 2.4 percent to EUR 20.3 (19.9) million. The growth drivers were the expansion of the partner accounting firm network and the number of customer companies. Comparable EBITDA was at the previous year’s level at EUR 14.2 (14.2) million. Comparable operating profit decreased due to increased depreciation and was EUR 3.3 (4.6) million. Investments in proprietary software decreased throughout the year by EUR 2.2 million to EUR 10.4 (12.6) million. Cash flow released from investments will be directed toward accelerating growth. We are confident in Easor’s business model: when we help both customer companies and partner accounting firms succeed, Easor also grows. Easor is not just a software company, but a platform company transforming the entire industry, making entrepreneurship possible for more and more people.     Personnel and management At the end of 2025, Easor employed 121 (148) people. Easor’s average number of personnel between January 1 and December 31, 2025, was 124 (144) people.

Here are Atte’s pre-comments as Easor reports its Q4 results on Wednesday, March 11.  Easor will publish certain financial information for 2025 on Wednesday, March 11, at approximately 9:00 am. The company’s earnings call, starting at 12:30 pm, can be followed here. Additionally, our recent initiation of coverage report on Easor can be read here. We expect the company’s growth to have continued in Q4 along the path indicated by the carve-out figures for the first 9 months provided in the demerger prospectus (approx. 3%). We expect the result to have weakened from the comparison period, reflecting increased growth investments and the demerger, although officially Easor’s journey as an independent company only began this year. Easor has already provided guidance for this year forecasting revenue growth of 3-10% and a weakening result, so there should be no surprises in the report regarding the outlook.                   Inderes              Easor Q4’25 -ennakko: Vuoden 2026 kasvunäkymä on jo tiedossa - Inderes    Easor on antanut jo tälle vuodelle 3-10 %:n liikevaihdon kasvua sekä tuloksen heikentymistä ennakoivan ohjeistuksen.

I am quoting my previous message. If you don’t give any weight to future growth potential, then yes, a negative view should have been given at the initiation of coverage. But I personally believe that the company has opportunities to grow both in Finland and internationally, so I am giving it some weight even at this stage. And in my opinion, the current valuation, e.g., on a revenue basis, isn’t a “massive price tag” when evaluating Easor’s long-term profitability profile. But there is still plenty to prove regarding growth, and that is ultimately what will decide this case.

Aren’t you, Atte, summing up perfectly right here why the recommendation should be negative? The fact that a company has goals of reaching for the moon doesn’t make it a good or successful company. I thought something would have been learned from these story stocks. Let’s jump on board when the story starts to materialize, or when there is at least some evidence of it. So far, there is nothing but nice talk and a hefty price tag.

Development resources are not being increased; instead, investments are being directed particularly toward the commercialization of Easor’s software. Additionally, the demerger will cause costs as Easor needs to build the administration and processes of an independent listed company. The company estimates that independence will result in about EUR 400k in new annual administrative costs. Looking at the F-Secure demerger as a historical reference point, costs will likely end up being higher than this as new unexpected expenses and recruitment needs arise. And separating Easor’s IT infrastructure from Talenom into an independent entity also costs money. The company’s own targets for growth are higher than our current forecasts, and its ambition and strategy are clearly to pursue strong international growth. In my view, it’s not worth investing in Easor if you are looking for a good bottom line in the coming years, as the company is clearly investing in the pursuit of growth right now. And if growth starts to accelerate, investments will likely only be ramped up further. There is plenty of market to capture in Spain if Easor’s strategy starts to progress, and optimizing profitability is something to think about at some point far in the future. But right now, immediately after the demerger, we are still in a bit of a transition phase where the only certainty is the increased investment, and we are still waiting for evidence of growth. Meanwhile, AI fears are hammering software companies into the ground on the stock market. Not exactly the most optimal moment to go public in that sense

Easor

Easor Plc, Managers' Transactions, 13 March 2026 at 17:00 EETEasor Plc, Managers' Transactions____________________________________________Person subject to the notification requirementName: ...

Easor Plc, Managers' Transactions, 13 March 2026 at 17:00 EETEasor Plc, Managers' Transactions____________________________________________Person subject to the notification requirementName: Ducap Oy(1):Person Discharging Managerial Responsibilities In IssuerName: Harri TahkolaPosition: Member of the BoardIssuer: Easor OyjLEI: 636700SC9QDZ98RZ8N15Notification type: INITIAL NOTIFICATIONReference number: 147217/4/4____________________________________________Transaction date: 2026-03-11Venue: NASDAQ HELSINKI LTD (XHEL)Instrument type: SHAREISIN: FI4000598156Nature of transaction: ACQUISITIONTransaction details(1): Volume: 11746 Unit price: 0.638 EUR(2): Volume: 7318 Unit price: 0.6711 EUR(3): Volume: 1888 Unit price: 0.688 EURAggregated transactions(3): Volume: 20952 Volume weighted average price: 0.65407 EUR