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
    }
  }
}


enento-operating-environment-not-easing-any-time-soon

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Roni Peuranheimo

Enento Group operates in the IT sector. The group is dedicated to developing digital information services that affect risk management, decision-making, sales and marketing. The vision is to offer programs and digital platforms that can be further used for analysis of company data, routines and decision-making processes. The company was previously known as Asiakastieto and is headquartered in Helsinki.

Good point, we’ll include a question on this in the interview the day after tomorrow!

Now that software companies are taking a beating in AI speculation, it would be interesting to hear views on how AI affects Enento. I think I know enough to say that Enento’s subsidiaries aren’t very easily replaced in areas like credit inquiries, and over time Enento has built up a valuable proprietary database that won’t be replaced by AI—perhaps. Additionally, Enento’s industry is highly regulated. But still, with the share price sliding ahead of Friday’s earnings report… I’m asking whether Enento is a winner or a potential price cutter in the coming years, as AI and its agents replace data searches and reasoning chains? I would also like to see the Inderes analyst include questions related to this theme in the next Enento CEO interview.

Inderes              Enento Group Q4'25 -ennakko: Kysyntäympäristön pitäisi olla maltillisesti...    Valuuttakurssit nostavat Q4-liikevaihdon 3 prosentin kasvuun, mutta operatiivinen tulosparannus jää maltilliseksi.                             We expect Enento’s reported revenue to have grown modestly at the end of the year, supported by exchange rates, and the operating result to have improved slightly from the comparison period. We have added some one-off costs to our Q4 forecasts due to the change negotiations conducted by the company in late 2024. In the report, attention will focus particularly on the first comments from the new CEO, who started in early January, as well as the outlook for 2026. In the operating environment, there are no major reasons for celebration yet, especially in Finland, but in Sweden, the economic environment is showing signs of picking up. In our view, the company should have the prerequisites for modest growth and earnings improvement this year.

According to Nordea’s Frank Vang-Jensen, corporate credit volumes grew by 8% year-on-year in Q4/25. The KL article mentions that Sweden in particular drove the growth, but growth was seen across all Nordic countries. According to Vang-Jensen, Sweden’s personal customer business grew significantly compared to the comparison period. In Finland, sentiment is improving on the corporate credit side, but it remained quiet on the consumer side. Assuming that the development seen by Nordea also applies to other banking players, Enento’s transaction-based billing would be expected to have grown in Q4/25. (Paywall)                   Tärkeimmät talousuutiset | Kauppalehti – 29 Jan 26              Nordean Frank Vang-Jensen: Käänne Suomen kotitalouksissa    Nordean yritysluototus Suomessa jo kasvaa, mutta henkilöasiakkaiden liiketoiminta näyttää vielä junnaavan. Nordean konsernijohtajan Frank Vang-Jensenin mukaan henkilöasiakkaiden ja kotitalouksien sentimentissä on kuitenkin nähtävissä muutos.

Kauppalehti today, a small hike in the target price: “SEB Bank raises Enento’s target price to 17.00 euros (prev. 16.50 euros), reiterates hold recommendation”

I don’t think anything surprising came up in the call. The new CEO introduced himself and hinted that they are looking for growth in the future. The CFO provided the business update this time as well, and it contained no surprises. Guidance will be met. The most interesting question came from an OP analyst. In Sweden, the economy has already been growing at 1.5%, and the government is stimulating the economy in many ways, including lowering the VAT on food. The question was whether the recovery of the Swedish economy is visible in Enento’s data yet. The answer was: not yet, at least. We’re waiting for the financial statement and targets for the current year.

Have you had a chance to listen yet? I’m going to try to catch it this evening. Was there anything interesting? The share price is at least heading in the usual direction.

Enento Group

We consider the stock price reaction to the profit warning to be strong, despite the decline in forecasts. We see an improved expected return for the share following the price decline, but do not consider the valuation (2023e EV/EBIT 13x) to be exceptionally attractive given the weak near-term drivers of the business. Thus, we are waiting for an even better risk/return ratio to take a stronger view on the stock.

<p>We consider the stock price reaction to the profit warning to be strong, despite the decline in forecasts. We see an improved expected return for the share following the price decline, but do not consider the valuation (2023e EV/EBIT 13x) to be exceptionally attractive given the weak near-term drivers of the business. Thus, we are waiting for an even better risk/return ratio to take a stronger view on the stock.</p> 

	2022	23e	24e
Revenue	167.5	155.1	162.6
growth-%	2.5 %	-7.4 %	4.9 %
EBIT (adj.)	49.1	45.6	48.2
EBIT-% (adj.)	29.3 %	29.4 %	29.7 %
EPS (adj.)	1.11	1.17	1.38
Dividend	1.00	1.00	1.05
Dividend %	4.7 %	6.9 %	7.2 %
P/E (adj.)	19.2	12.4	10.6
EV/EBITDA	11.6	9.0	7.8

Enento: Operating environment is not easing any time soon

Key Estimate Figures2023-10-11

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