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
    }
  }
}


betolar-lot-risk-potential-awkwardly-far-away

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Head of Research

Antti Viljakainen

Analyst

Tommi Saarinen

Betolar is a pioneering materials technology company focusing on turning industrial side streams into value. Betolar offers continuous competitive edge to the construction industry and enable the transition towards a sustainable built environment - socially, environmentally and economically.

Betolar’s metal separation business is progressing. Now a project is starting in Africa.                   betolar.com              Betolar, EcoGraf ja GTK tekevät yhteistyötä Epankon kaivoksen...    Betolar Oyj Lehdistötiedote 12.2.2026 klo 8.15  Betolar, EcoGraf ja GTK tekevät yhteistyötä Epankon kaivoksen rikastushiekkojen hyödyntämiseksi ...

Here is a new company report from Tommi on Betolar after H2.  Betolar’s financial statements release was somewhat neutral relative to our expectations, as the forecast lines fell slightly short of our estimates, but the guidance pointed toward significant growth. We lowered our revenue forecasts, but we still expect clear growth in the coming years, supported by metal separation technology. The company’s risk level remains very high regarding the balance sheet, forecasts, and valuation. Thus, despite the potential long-term growth story, we see the risk-reward ratio as lackluster. We reiterate our Reduce recommendation and target price of EUR 1.3.                   Inderes              Betolar H2'25: Odotuksissa merkittävää kasvua alkaneelle vuodelle - Inderes    Odotamme yhtiön tarvitsevan lisärahoitusta vuoden 2027 alkuun mennessä.

Tommi spoke with Betolar’s CEO Tuija Kalpala about H2 and the company’s outlook.                    Inderes              Betolar H2'25: Merkittävää kasvua odotuksissa - Inderes    Aika: 05.02.2026 klo 11.53 Betolarin H2:n uudet tilaukset olivat ennätystasolla, mutta kiristynyt tasetilanne vaatinee lisärahoitusta. Toimitusjohtaja Tuija Kalpala kommentoi haastattelussa tilikauden 2025 tapahtumia ja kertoo odotuksista vuodelle...                             Topics: 00:00 Introduction  00:10 Key highlights for 2025  01:09 Business objectives  03:26 Financial targets  04:14 Large order at the end of the year  05:02 Guidance for 2026  05:50 Financial situation  07:05 Development of metal separation technology

Here are Tommi’s comments on Betolar’s H2 results.  Betolar published its financial statement release this morning. The main lines reported by the company were close to our forecast levels. On results day, our attention is focused on the company’s comments regarding the development of the tightened balance sheet situation, as well as the progress of the largest project in the company’s history, which we understand to be in the delivery phase. The company’s webcast can be followed starting at 10:00 here.                   Inderes              Betolar H2'25 -pikakommentti: Selvää kasvua viitoittava ohjeistus, mutta tase...    Lokakuussa tiedotettu suuri tilaus pohjusti odotetun tasokorjauksen uusissa tilauksissa.

Tärkeimmät talousuutiset | Kauppalehti – 5 Feb 26              Betolarin luvut kaunistuivat    Yhtiön taloudellinen tavoite on saavuttaa positiivinen käyttökate vuoden 2027 viimeiseen neljännekseen mennessä.

Inderes              Betolar Oyj:n tilinpäätöstiedote 1-12/2025: Saadut tilaukset ennätyslukemissa...    Betolar OyjYhtiötiedote 5.2.2026 klo 8.30 Betolar Oyj:n tilinpäätöstiedote 1.1.-31.12.2025 (tilintarkastamaton)Betolar Oyj:n tilinpäätöstiedote 1-12/2025: Saadut tilaukset ennätyslukemissa ja...

New name for Betolar’s Board of Directors Eeva Ruokonen is proposed as a new member of Betolar’s Board of Directors.                   Tärkeimmät talousuutiset | Kauppalehti – 29 Jan 26              Betolarin hallitukseen uusi nimi    Eeva Ruokosta ehdotetaan uudeksi jäseneksi Betolarin hallitukseen.                             According to the proposal, six members will be elected to the board. Eeva Ruokonen is proposed to be elected as a new member. Ruokonen has over 35 years of experience in the mining and metallurgical industries.

Betolar

Betolar announced on September 12 that it is planning structural reforms, which the company estimates will lead to annual savings of around EUR 5 million. According to our estimates, the company is using the savings to shift the need to raise new financing beyond the current tight financial market situation, which in itself is justified from the perspective of existing shareholders. However, we believe that the change of direction raises risks to net sales growth, especially in the short term.

<p>Betolar announced on September 12 that it is planning structural reforms, which the company estimates will lead to annual savings of around EUR 5 million. According to our estimates, the company is using the savings to shift the need to raise new financing beyond the current tight financial market situation, which in itself is justified from the perspective of existing shareholders. However, we believe that the change of direction raises risks to net sales growth, especially in the short term.</p> 

	2022	23e	24e
Revenue	0.3	0.7	3.0
growth-%	2,770.0 %	130.7 %	353.2 %
EBIT (adj.)	-11.5	-13.2	-7.9
EBIT-% (adj.)	-4,013.2 %	-1,999.9 %	-263.8 %
EPS (adj.)	-0.61	-0.67	-0.42
Dividend	0.00	0.00	0.00
Dividend %
P/E (adj.)	neg.	neg.	neg.
EV/EBITDA	neg.	neg.	neg.

Betolar: Lot of risk with potential awkwardly far away

Key Estimate Figures2023-09-27

Forum discussions