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
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      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-slight-profit-warning-raised-uncertainty-next-year

__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.

e18 Innovation (e18), part of the Digital Workforce Services (DWF) group, is delighted to announce a new partnership with NHS Humber Health Partnership (HHP), one of the largest healthcare providers in the NHS. Under this exciting new automation programme, e18 will deliver an ambitious outpatient transformation plan designed to free up more than 26,000 hours of staff time each year, and generate circa £1m of tangible financial savings over the three year contract.                   Digital Workforce – 28 Oct 25              e18 Innovation & NHS Humber Partner for Outpatient Automation    Explore e18 Innovation's partnership with NHS Humber Health Partnership, focusing on innovative automation to improve outpatient care and efficiency.         Est. reading time: 3 minutes

The market remains difficult. Public administration has retreated into a “roach mode” (ruutanamoodi), which is reflected in the gloom of several IT consultants. Next year doesn’t look better, but not worse either, because demand is already so low. Regarding agents, buyers have an abundance of choice. Various solutions are trendily marketed as “agents,” which tends to confuse potential buyers. The situation was like a taxi stand at the main railway station at its worst, to put it a bit hyperbolically. Promises are overly ambitious, but when it comes to replicable concepts, it’s quieter. It’s easiest for those in the Microsoft camp to adopt one of the Copilot technologies, and other US giants offer similar plugin solutions for those who have chosen their ecosystems. A difficult David vs. Goliath situation for DWF. So, I’m not putting on my buying pants yet. Some patient operator dreaming of cross-selling might buy DWF, but it’s difficult to justify purchases based on that card.

Joni and Frans have prepared a new company report following Digital Workforce’s Q3.  We reiterate our ‘add’ recommendation for the share and lower the target price to 3.7 euros (previously 4.30 €), reflecting reduced forecasts. Digital Workforce’s Q3 was slightly softer than our expectations. The turnaround in results has encountered some bumps this year and progressed slower than we anticipated. However, we expect the company to grow organically better than the IT service market in the coming years, and for this growth to scale into profitability. We find the share’s valuation (2026e EV/EBIT 11x, sum of parts 4.6 €) attractive.                   Inderes              Digital Workforce Q3'25: Käänne etenee hieman odotuksiamme hitaammin - Inderes    Digital Workforcen Q3 oli odotuksiamme hieman pehmeämpi. Tuloskäänne on tänä vuonna saanut hieman kuoppia matkaan ja edennyt odotuksiamme hitaammin. Odotamme kuitenkin yhtiön kasvavan lähivuosina orgaanisesti IT-palvelumarkkinaan nähden paremmin...

Digital Workforce CEO Jussi Vasama was interviewed by Iikka.                    Inderes              Digital Workforce Q3'25: Tulos parani - Inderes    Aika: 23.10.2025 klo 14.02 Digital Workforce julkisti aamulla Q3-raportin. Liikevaihto oli edellisvuoden tasolla ja jäi odotuksistamme. Oikaistuna tulos parani selvästi vertailukaudesta kulusäästöjen ja paremman myyntikatteen tukemana. Digital...                             Topics 00:00 Introduction  00:15 Q3 highlights  01:27 Development of expert services  02:51 Recurring revenue was declining  03:46 Impact of cost savings on profitability  05:17 Development in different markets  08:50 Outlook for the rest of the year

In my eyes, the credibility of the management and financial targets was now definitively lost. There has been a strong sales pipeline for several quarters already, but it simply doesn’t show in the figures, and the management isn’t even interested in the stock.

@Joni_Gronqvist and Frans have given their quick comments on this morning’s result.  Software robotics utilizing IT automation service company Digital Workforce published a slightly weaker Q3 report this morning than we expected. Revenue was at the previous year’s level and fell short of our expectations due to weaker development in continuous services. Adjusted profit clearly improved from the comparison period, supported by cost savings and a better sales margin, but was slightly below our forecast. The company is behind last year in its guidance for the beginning of the year, but the rather good outlook for the end of the year and the acquisition will, in our estimation, raise Q4’s profit and revenue significantly higher than last year.                   Inderes              Digital Workforce Q3’25 -pikakommentti: Jonkin verran alavireinen kvartaali -...    Ohjelmistorobotiikkaa hyödyntävä automaation IT-palveluyhtiö Digital Workforce julkisti aamulla odotuksiamme hieman heikomman Q3-raportin.

Joni on antanut ennakkokommenttinsa, kun Digital Workforce julkaisee Q3-tuloksensa IT-supertorstaina.  Ohjelmistorobotiikkaa hyödyntävän automaation asiantuntija Digital Workforce julkistaa Q3-liiketoimintakatsauksen ensi viikon IT-supertorstaina arviomme mukaan aamupäivällä.  Odotamme liikevaihdon kehityksen jatkuneen hyvänä Q3:lla. Ennustamme kannattavuuden parantuneen selvästi vertailukaudesta ja hieman edellisestä neljänneksestä kustannussäästöjen myötä. Lisäksi seuraamme mielenkiinnolla yhtiön kommentteja asiakaskysynnästä eri maantieteissä.                   Inderes              Digital Workforce Q3’25 -ennakko: Odotamme hyvää kasvua ja...    Odotamme liikevaihdon kehityksen jatkuneen hyvänä Q3:lla. Ennustamme kannattavuuden parantuneen selvästi vertailukaudesta ja hieman edellisestä neljänneksestä kustannussäästöjen myötä.

Digital Workforce

Digital Workforce’s profit warning on Friday for 2023 was quite light. At the same time, the growth and profitability outlook for 2024 weakened. We believe new customer acquisition and project starts have progressed slower than expected, which depressed development.

<p>Digital Workforce’s profit warning on Friday for 2023 was quite light. At the same time, the growth and profitability outlook for 2024 weakened. We believe new customer acquisition and project starts have progressed slower than expected, which depressed development. We now expect more moderate growth in the coming years than before but expect profitability to improve driven by revenue structure and more prudent investments. With our lowered estimates, the valuation (2023e EV/S 0.9x, sum of the parts EUR 4.5 and DCF EUR 6.0) is still attractive. </p> 

	2022	23e	24e
Revenue	25.5	24.4	25.7
growth-%	13.9 %	-4.3 %	5.5 %
EBIT (adj.)	-1.3	0.3	1.0
EBIT-% (adj.)	-5.0 %	1.1 %	3.8 %
EPS (adj.)	-0.15	0.03	0.08
Dividend	0.00	0.00	0.00
Dividend %
P/E (adj.)	neg.	97.7	37.7
EV/EBITDA	neg.	61.4	13.9

Digital Workforce: Slight profit warning raised uncertainty for next year

Key Estimate Figures2023-11-26

Forum discussions