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
    }
  }
}


consti-slow-and-steady-wins-the-race-evli

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Consti operates in the construction industry. The company specializes in solutions that involve renovation, installation, procurement, and major restructuring work, from commercial premises to residential buildings. Operations are held on a global level, with the largest presence in the Nordic market. Customers consist of small and medium-sized corporate customers and private actors.

Here are Ate’s comments regarding the Government Palace construction project.  \n\n\nConsti valittu Valtioneuvoston linnan rakennushankkeeseen - Inderes

This could even add percentage points to the annual turnover. Good business for Consti.

Well, now a major project has emerged, and it should be noted that it is to be implemented with a spearhead project alliance model, meaning partners are involved, but they also share the risks. But note, for once, a stock exchange release  : Senaatti-kiinteistöt on valinnut Constin Valtioneuvoston linnan rakennushankkeen rakentamisen palveluntuottajaksi | Kauppalehti Senate Properties has selected Consti as the service provider for the construction of the Government Palace building project Senate Properties has selected Consti Korjausrakentaminen Oy, a subsidiary of Consti Oyj, as the service provider for the construction of the Government Palace building project. The total cost estimate for the project, to be implemented with the spearhead project alliance model, is approximately 195 million euros. Construction work is scheduled to begin in autumn 2026 according to the preliminary timetable and conclude during 2030. The procurement decision is legally binding after the appeal period under the Procurement Act has ended. This Consti project is part of a larger entity, more details on the Senate Properties website: Valtioneuvoston kortteleiden peruskorjaus ja uudistaminen - Senaatti

Evli has also completed its earnings analysis, we remain on the buy side: Consti: Performance reflects weaker market - Evli - Inderes

The hardworking proletarian of the Ruoholahti cooperative, Atte, has made a new company report  Consti’s Q3 result fell short of our forecasts, as challenges in the company’s service business weakened the result even more strongly than anticipated. In addition, the competitive situation in the renovation and repair construction market has remained tight. We do not expect an improvement in the situation during the rest of the year, and following forecast revisions, our estimate for the current year’s operating profit is approaching the lower end of the guidance range. We also do not rule out the possibility of an earnings warning later in the year. In our view, a clearer improvement in results and the realization of the stock’s potential require a turnaround in market conditions. Nevertheless, we remain positive on the stock, considering its moderate valuation and strong dividend yield supporting return expectations. We reiterate our ‘add’ recommendation and lower the target price back to 11.0 euros (previously 11.75 euros).                   Inderes              Consti Q3'25: Täysi potentiaali markkinakäänteen takana - Inderes    Constin Q3-tulos jäi ennusteistamme, kun haasteet yhtiön palveluliiketoiminnassa heikensivät tulosta yhä ennakoitua vahvemmin. Näkemyksemme mukaan selvempi tulosparannus ja osakkeen potentiaalin realisoituminen edellyttävät markkinatilanteen...

Here are some quick comments from Ate on the Q3 results.  Consti’s revenue moderately exceeded our forecast, while profitability was clearly weaker than we expected. The weakness in profitability was mainly due to the still challenging market situation. Consti’s order book decreased slightly compared to the reference period, but remained at a strong level. Despite this, the decreased order book combined with the persistently weak market situation puts pressure on our short-term forecasts.                   Inderes              Consti Q3’25 -pikakommentti: Haastava markkina rokottaa tulosta - Inderes    Constin liikevaihto ylitti ennusteemme maltillisesti, kun taas kannattavuus oli odotuksiamme selvästi heikompi. Kannattavuuden heikkouden taustalla oli pääasiassa yhä haastava markkinatilanne.

Consti fell short of profitability expectations and it seems it might not improve in the coming quarters: “Our third-quarter profitability was negatively impacted by the prolonged downturn in construction, the investments made in tendering and negotiation activities to secure our order book, and the continued low revenue and profitability level of our Service business.”

Consti

Order backlog at its highest level since Q2/23 Consti’s steady development continued during the second quarter as net sales grew 2.3% to EUR 84.8m while we had expected slight sales decline....

Order backlog at its highest level since Q2/23 Consti’s steady development continued during the second quarter as net sales grew 2.3% to EUR 84.8m while we had expected slight sales decline. On the other hand, profitability fell more than we had estimated as EBIT came in at EUR 2.5m (Evli est. EUR 2.7m). According to our understanding, the main negative in terms of profitability development remain Consti’s service business where sales continued to be at a low level. The company has continued to implement adaptation measures throughout the H1 to stabilize the business. The project side of the business advanced largely according to the company’s plans, although the market remains challenging and competition is intense. Once again, the order development was positive as order intake grew 15.8% and backlog reached EUR 276.7m, the highest level seen since Q2/23. Market environment limits short-term momentum After the Q2 figures and slight adjustments to our estimates, we model net sales of EUR 334.8m and EBIT of EUR 10.0m for FY 2025. We had anticipated some improvement in the service business during the second quarter, which did not materialize. We now expect that the adaptation measures implemented in the first half will begin to gradually improve profitability in the second half of the year. However, we do not foresee a significant recovery yet, as the competitive landscape will continue to limit achievable margins in the project business. Roughly the same amount of 6/25 backlog will materialize during the second half compared to last year, we model slight net sales growth throughout the second half. We have kept our forecasts for the coming years mostly unchanged, as they were lowered ahead of the quarterly results. The slow pace of market recovery continues to limit the potential for substantial earnings growth in the near to medium term. BUY with a TP of EUR 12.0 Consti is priced at 9-7x EV/EBIT based on our estimates for 2025-2026. The valuation discount compared to peers continues to be larger than warranted as Consti is priced at a discount of 30-40%. After only slight adjustments to our estimates, we retain our TP at EUR 12.0 and rating at BUY.