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
      researchContentUrl
    }
    ... 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
    }
  }
}


digital-workforce-clear-turn-expected-compared-h2

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Joni Grönqvist

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.

A couple of new NHS contract renewals, and Jussi did say that customer retention is 100%.                   LinkedIn              #nhs #epr #frontlineproductivity #digitaltransformation #rpa...    Bradford Teaching Hospitals NHS Foundation Trust expands their automation programme with e18 ✨  We're delighted to share that Bradford Teaching Hospitals has renewed and expanded their automation partnership with e18 Innovation — and we're proud to...                                               LinkedIn              #nhs #epr #frontlineproductivity #digitaltransformation #rpa...    🎉 Exciting news - Renewal with Mid Cheshire Hospitals NHS Foundation Trust!  We're delighted to share that MCHFT has renewed their automation partnership with e18 Innovation — a testament to the role automation has played in supporting one of the...

According to ChatGPT, the 1.4 million deal described by Vasama: The description best fits the Mass General Brigham organization. Reasons:   Located on the East Coast of the United States, in the North (Boston, Massachusetts)   Over 80,000 employees   Extensive academic healthcare system, closely associated with Harvard Medical School, among others   Includes top hospitals such as Massachusetts General Hospital and Brigham and Women’s Hospital   Internationally highly respected and one of the leading hospital systems in the United States

Jussi Vasama’s fresh interview. I guess this company will be swallowed up by a bigger one, as CapMan’s (the largest owner’s) stooge will soon be on the board. https://www.mobihealthnews.com/news/qa-digital-workforce-looks-expand-further-us-market

You can also listen to CEO Jussi Vasama’s presentation from yesterday’s investor day here!                    Inderes              Digital Workforce Investor Day | Toimitusjohtajan katsaus 19.3.2026 - Inderes    Aika: 20.03.2026 klo 09.55 Toimitusjohtaja Jussi Vasaman katsaus Digital Workforcen sijoittajapäivässä 19.3.2026.

Excellent thoughts, especially regarding the moat. This raises the question of what is being done so much better than others now that growth could suddenly emerge, even though it hasn’t really happened before. Is this simply relying on doubling/tripling the current invoicing from the UK customer base? On the other hand, I see potential here, because buying a ChatGPT license for HUS (Helsinki University Hospital District) won’t accomplish anything there. So, an internal resource is needed that can build these processes, or they must be bought as a service, as is currently done, and HUS is a DW customer. Where would each hospital district even find such a skilled AI expert to do this and connect it to all interfaces? And then maintain and update it. Healthcare, I see potential. The whole of Europe is in a situation where these processes need massive streamlining due to an aging population, and DW has a solution for this. At least according to their own words. That Finsector is then incredibly challenging. There’s money and it’s being spent, but existing tools like Salesforce already have AI plugged in and it’s being sold very aggressively. Whether DW can break through these with its own solution is a good question mark. I don’t know, let’s see what Q1 brings, and based on that, one can start to look at the case a bit more closely. There’s evidence of sales, but what the final numbers are remains to be seen.

Here’s a new company report from Joni regarding Investor Days  We raise the share’s recommendation to Buy (previously Add) and reiterate the share’s target price of 3.2 euros. Digital Workforce held an Investor Day yesterday, where the company explained its strategy, artificial intelligence and its application within the company, the healthcare market, and its updated financial target. In our view, the strategy and narrative have become clearer in the right direction in recent years, but the evidence in terms of numbers has remained thin. Yesterday’s presentations provided a deeper insight into the company’s positioning and competitive advantages in the AI-driven market. The company appeared more confident than before about the future and about solving sales bottlenecks going forward. We changed our forecasts practically only driven by a license accounting change, which has no impact on the result. With our forecasts at the lower end of the guidance, the valuation picture of the share has become very attractive due to the share price drop (13%) (2026e EV/EBIT 12x with 9% EBITDA-%). The Investor Day presentation can be viewed here and the CEO’s interview can be viewed here.                   Inderes              Digital Workforce: Parempi luottamus ja huokeampi arvostus - Inderes    Eiliset esitykset avasivat syvällisemmin yhtiön positioitumista ja kilpailuetuja tekoälyn värittämässä markkinassa. Yhtiö vaikutti aikaisempaa luottavaisemmalta tulevaan ja myynnin pullonkaulojen ratkomiseen myös jatkossa.

There is definitely potential here, and that E18 acquisition seems to be the key to growth, at least for the coming years. Especially if those UK customers can be scaled up to the Finnish level in terms of billing.

Digital Workforce

The big picture of Digital Workforce's H2 was already known and revenue decreased clearly and the result was slightly in the red. However, the company was confident in the current year and guided that revenue and earnings would grow.

<p>The big picture of Digital Workforce's H2 was already known and revenue decreased clearly and the result was slightly in the red. However, the company was confident in the current year and guided that revenue and earnings would grow. In our view, however, the challenging market brings clear uncertainty to the turnaround. In addition, the company’s strategically important OutSmart platform and growth markets are still in a relatively early stage and require more proof to rely more on the attractive long-term growth story. With our forecasts, the stock's valuation picture (2024e EV/S 0.8x, SOTP EUR 3.6) supports caution in the short term.</p> 

	2023	24e	25e
Revenue	24.9	25.6	27.8
growth-%	-2.2 %	2.9 %	8.5 %
EBIT (adj.)	-0.0	0.5	1.7
EBIT-% (adj.)	-0.2 %	2.1 %	5.9 %
EPS (adj.)	0.01	0.06	0.15
Dividend	0.00	0.00	0.00
Dividend %
P/E (adj.)	375.0	38.1	15.6
EV/EBITDA	neg.	15.9	5.4

Digital Workforce: A clear turn is expected compared to H2

Key Estimate Figures2024-02-28

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