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Research

Digia: High quality code that produces continuous results

By Joni GrönqvistAnalyst
Digia
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In Q4, net sales and especially earnings exceeded expectations. As usual, the guidance was a little cautious. Digia continues to invest in the first half of the year, but in the second half we expect investments to ease up and support profitability. In recent years, the company has proven to be a high-quality earnings grower with a healthy balance sheet, and we expect this to continue in coming years. We maintain our estimates almost unchanged and the share’s expected return still speaks for a positive view on the share.

Digia is an IT consulting company. The company specializes in system integration, web analytics, and internal processes that affect efficiency and decision management. The company's services are used in a number of sectors, from the financial sector to the grocery retail and energy sector. The largest operations are found in the Nordic market. The headquarters are located in Helsinki.

Read more on company page

Key Estimate Figures2022-02-09

202122e23e
Revenue155.9163.8172.0
growth-%12.1 %5.1 %5.0 %
EBIT (adj.)17.718.019.3
EBIT-% (adj.)11.3 %11.0 %11.2 %
EPS (adj.)0.550.550.59
Dividend0.170.200.23
Dividend %2.4 %3.1 %3.5 %
P/E (adj.)12.711.911.1
EV/EBITDA9.08.27.2

Forum discussions

Etola has increased the pot
12/1/2025, 9:45 AM
by Elwood
11
After Q3, I was already pondering the same thing in this message of mine:
11/11/2025, 1:45 PM
by Karhu Hylje
2
I might have misunderstood what Levoranta meant, but I understood it as seeing the development based on the (upward?) trend of September, in...
11/11/2025, 1:02 PM
by Sijoittaja-alokas
0
Uh, it’s November now, so financial management would be pretty pathetic if September wasn’t already wrapped up; at this point, October should...
11/11/2025, 12:53 PM
by AlterEgo
1
Here is Juho Toratti’s analysis of Digia. Despite the challenging market, Digia maintained its guidance for 2025. Achieving the guidance, which...
11/11/2025, 11:54 AM
by Sijoittaja-alokas
4
In recent weeks, a large seller seems to have been active in Digia, and apparently, the shares in nominee registers have fallen from 790,325...
11/3/2025, 10:35 AM
by Stryker
3
You remember correctly, founders of Sysopen fi.wikipedia.org Digia Digia Oyj (ent. SysOpen Digia, ent. SysOpen) on suomalainen ohjelmistoyhti...
10/31/2025, 3:11 PM
by Elwood
1
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