The first months of the year were good in terms of earnings and the distribution of the order intake was also slightly better than expected.

Tietoevry will publish its Q1 report on Tuesday at 9:00 am EEST. We expect Q1 revenue to be lower for the new Tietoevry structure. In addition, we expect the result to be at the level of the comparison period due to several efficiency measures.

Today, MapsPeople announced a proposed delisting of its shares on Nasdaq First North Premier after the company has entered into an agreement with Apex Group Technologies Inc. (Apex), which is a company backed by Round13 Capital II, Inc., a Toronto-based private equity firm. Following the completion of transactions, Apex will hold at least 51% and up to approx. 64% of the shares in MapsPeople. We have interviewed MapsPeople’s CEO Morten Brøgger about the private placement and potential delisting.

The start of the year was slightly weaker than the consensus estimates in terms of delivery volumes and earnings, but Kempower’s cost structure developed favorably.

Digital Workforce's Q1 was weaker than expected in terms of revenue and profitability. The company responded by reorganizing and implementing cost-saving measures. The company has secured some good orders at the start of the year. The company also commented that the sales pipeline remains good and its quality has improved. We lowered our forecasts but expect the company to grow well ahead of the IT services market in the coming years and to scale this growth to profitability.

We believe that the new metal extraction method has taken center stage in the investment story, and its economic potential seems significant. However, the road to a commercial product is still long.

Enento's growth and operating profitability in Q1 slightly exceeded our estimates, although large non-recurring items depressed reported figures. Regulatory changes in Sweden have not caused additional headwinds, and the outlook has stabilized somewhat. A major recovery is not yet expected this year due to the high economic uncertainty, but the market bottom may be behind as the company turns to growth after a two-year downward trend.

Alma Media reported stronger growth figures than expected for Q1, and profitability was also better than we anticipated. Based on this, we made small positive changes to our forecasts, but our earnings forecasts, which expect an upward trend in earnings development in H2'25 and the coming years, remain broadly unchanged.

Incap's start to the year was slower than expected, which already raises questions about the achievement of guidance given the uncertainty around the prevailing operating environment, although the company was confident about H2.

Eltel will release its Q1 earnings report on Wednesday, April 30, at 08:00 a.m. CET. Last year's divestment of the company’s Polish business is expected to weigh on reported revenue growth, but the adjusted EBITA is expected to improve from the comparison period.

Friday, GreenMobility's CEO Kasper Gjedsted presented the results of the first quarter of 2025 and gave insights into the coming period's innovations on the platforms and technology in the cars. Both important drivers of growth and lowering cost, thereby continuing its profitable growth journey, the company started in 2024.

Förra veckan var en uppgångsvecka på aktiemarknaderna i Europa och USA, och i Europa har man på indexnivå återgått till en uppåtgående marknad sedan början av året.