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
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    id
  }
  tags {
    name
    id
  }
  ... 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
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

Analyst

Joni Grönqvist

Vincit provides design and software development services. The services include e-commerce and web application software, cloud platforms, mobile applications and IoT solutions. The services are used by both small and medium-sized business customers. The largest operations are in Europe and North America. Vincit was founded in 2007 and is headquartered in Finland.

Joni has diligently put together a new company report on Vincit now that the Q1 results have been released.  We reiterate our reduce recommendation for the stock and lower our target price to EUR 1.25 (prev. EUR 1.35), reflecting changes in our forecasts. Vincit’s revenue fell more sharply than expected in Q1, and efficiency measures have not been sufficient to turn profitability to a satisfactory level. The company commented that it aims to stabilize revenue in the latter half of the year, which in our view is too late and thus requires new efficiency measures. This keeps the risk of an efficiency spiral alive and the stock’s risk-reward ratio unfavorable. Accepting a higher valuation would require better visibility into a sustainable earnings turnaround.                   Inderes              Vincit Q1'26: Haastava vuosi valitettavasti luvassa - Inderes    Vincitin liikevaihto laski ennustettua voimakkaammin Q1:llä, ja tehostamistoimet eivät ole olleet riittäviä kannattavuuden kääntämiseksi tyydyttävälle tasolle.

Joni discussed the Q1 results with Vincit CEO Julius Manni                    Inderes              Vincit Q1’26: Liikevaihdon laskun kääntäminen tärkein prioriteetti - Inderes    Aika: 22.04.2026 klo 15.22 Vincitin liikevaihto jatkui laskussa Q1:llä oikaistun EBITA:n pysyessä vertailukauden tasolla. Liikevaihdon laskun kääntäminen on yhtiön tärkeimpiä prioriteetteja.                             Topics: 00:10 Q1 highlights  01:45 Change negotiations and efficiency measures  03:51 Cost structure  04:41 Outlook  06:08 AI-assisted software development  09:03 CEO ownership

Vincit seems to have lost even the last shreds of interest. Today’s Q1 results show that revenue has decreased by 15%, and the headcount has shrunk by nearly 20%. This development can already be called a tailspin. My own buy level has dropped below one euro.

Vincit              Tiedotteet    Vincit is a digital business partner that turns digital into business results by combining leading enterprise platforms and tailored solutions.                             Vincit first in Finland to receive accredited ISO/IEC 42001 Artificial Intelligence Management System certification Published in December 2023, the International Organization for Standardization (ISO) ISO/IEC 42001 standard is the world’s first AI management system standard. It helps companies build a robust framework for the responsible, secure, and compliant development of AI, prioritizing human well-being, safety, and ethical values, among other things. As far as is known, the ISO/IEC 42001 certificate is held by only a few operators in Finland. The certificate received by digital business expert company Vincit is also accredited. Accreditation is a procedure based on international criteria used to ensure the competence of the certifying body and the reliability of the certificates and statements it issues. The certificate was awarded to Vincit by DNV Business Assurance., an independent provider of assurance and risk management services.

Vincit              Tiedotteet    Vincit is a digital business partner that turns digital into business results by combining leading enterprise platforms and tailored solutions.                             Vincit announced on March 4, 2026, that it would initiate change negotiations, which have now been concluded. The change negotiations concerned billable personnel in Vincit’s service business at all locations in Finland. As a result of the change negotiations, the employment of 21 employees will end at Vincit. Additionally, due to voluntary resignations during the first quarter, the headcount has decreased by approximately 40 people. The change negotiations will result in one-time costs of approximately EUR 0.4 million, which will be recorded as items affecting comparability in the first quarter of 2026.

Here are Joni’s preview comments as Vincit releases its Q1 results on Wednesday, April 22nd.  We expect the company’s revenue decline to have continued in the early part of the year, weighed down by the challenging market situation and the disruption of the software development market driven by AI. However, we estimate that profitability improved from the comparison period thanks to the efficiency measures implemented last year. In the report, our focus will be especially on signs of the revenue decline trend leveling off and the progress of the AI-driven transformation.                   Inderes – 16 Apr 26              Vincit Q1’26 -ennakko: Kulukuuri puree hieman, mutta kasvun käänne antaa...    Liikevaihdon 12 prosentin lasku jatkuu Q1:llä, mutta kulusäästöt nostavat tuloksen arviomme mukaan voitolliseksi.

Here’s an interesting new interview with Mikko Kuitunen from Vincit.

Vincit

Vincitin Q1 oli odotetun heikko, kun liikevaihto laski selvästi vertailukaudesta ja kannattavuus parani hieman edellisestä neljänneksestä. Ennustamme liikevaihdon laskevan suhteellisen selvästi ja kannattavuuden paranevan tehostustoimenpiteiden ajamana vuonna 2024.

<p>Vincitin Q1 oli odotetun heikko, kun liikevaihto laski selv&auml;sti vertailukaudesta ja kannattavuus parani hieman edellisest&auml; nelj&auml;nneksest&auml;. Ennustamme liikevaihdon laskevan suhteellisen selv&auml;sti ja kannattavuuden paranevan tehostustoimenpiteiden ajamana vuonna 2024. Ennusteillamme osakkeen arvostuskuva (2024e EV/EBITA 8x, EV/Liikevaihto 0,3x, P/E 14x ja DCF 4,3 &euro;) on jo nyt houkutteleva, mutta erityisesti kun huomioidaan yhti&ouml;n operatiivinen potentiaali.</p>

	2023	24e	25e
Revenue	98.1	90.6	96.4
growth-%	15.7 %	-7.7 %	6.4 %
EBIT (adj.)	3.4	4.2	5.8
EBIT-% (adj.)	3.4 %	4.6 %	6.0 %
EPS (adj.)	0.16	0.19	0.27
Dividend	0.10	0.15	0.17
Dividend %	3.1 %	14.4 %	16.3 %
P/E (adj.)	20.2	5.6	3.9
EV/EBITDA	21.2	1.1	0.7

Odotetun haastava alku vuoteen

Key Estimate Figures2024-04-25

Forum discussions