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Morgonrapport 22/6

Svag omsättning, men marginalerna motståndskraftiga hittills

Försiktig optimism trots ett tufft första kvartal för detaljhandeln

Intervju med Metacon om företrädesemissionen

ECB:s räntebeslut: Brännhett, sommargatan är het

Rusta Q4: Improved profitability closes the year

Clas Ohlson CMD: Ett starkare bolag med tydliga tillväxtdrivare

Clas Ohlson

Fasadgruppen Q1’26: Återhämtning väntas under Q2

Verve Q1'26: Ett steg i rätt riktning?

Fasadgruppen Q1'26: Trög inledning på året

Apetit: Valuation cooled down a notch
Research6 hours ago by
Kaisa Vanha-Perttula, Pauli Lohi

Apetit: Valuation cooled down a notch

The valuation of the stock has moderated due to the share price decline, but cost pressures limit the visibility of an earnings turnaround.

Apetit
More dry powder on the horizon after Team Olivia's Danish divestment
Analyst Comment16 hours ago by
Christoffer Jennel

More dry powder on the horizon after Team Olivia's Danish divestment

We believe that the divestment of Team Olivia's Danish operations will likely pave the way for a cash dividend to Byggmästaren later this year.

Byggmästare Anders J Ahlström Holding
Article17 hours ago by
Iikka Numminen

SPAC – an alternative route to the stock market

A SPAC, or Special Purpose Acquisition Company, is a way for a company to end up on the stock exchange outside of a traditional IPO.

IQM Quantum Computers

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Alexandria Extensive Report: The strategy is taking the company in the right direction
Extensive research17 hours ago by
Sauli Vilén

Alexandria Extensive Report: The strategy is taking the company in the right direction

Alexandria's valuation is cheap, and the potential success of asset management offers a potential bonus.

Alexandria Group
Optomed fick en order på 1,8 MEUR för utrustning från USA
Analyst Comment20 hours ago by
Atte Riikola

Optomed fick en order på 1,8 MEUR för utrustning från USA

Ordern överstiger hela årets intäkter från utrustning och stärker kassan.

Optomed
CapMan completes first close of new real estate fund
Analyst Comment19 hours ago by
Sauli Vilén

CapMan completes first close of new real estate fund

Concrete progress in fundraising is an important step in this year's fundraising effort.

CapMan
KPY: Framgångsrikt noterat mitt i ett strategiskt skifte
Extensive research6/16/2026, 6:42 AM by
Frans-Mikael Rostedt

KPY: Framgångsrikt noterat mitt i ett strategiskt skifte

KPY övergår för närvarande från att vara en traditionell balansräkningsinvesterare mot en hybrid av balansräkningsinvesterare och fondförvaltare, då bolaget samlar en ny kapitalplaceringsfond och siktar även på infrastrukturfonder.

KPY
LapWall vann ytterligare en order för datacenter i Kajana
Analyst Comment20 hours ago by
Tommi Saarinen

LapWall vann ytterligare en order för datacenter i Kajana

XTX Markets har meddelat att de kommer att fortsätta investera i Kajana-regionen, och om detta förverkligas anser vi att ytterligare beställningar till LapWall är sannolika.

LapWall
Talenom extensive report: Finland stands firm, international turnaround is key
Extensive research6/18/2026, 2:39 PM by
Juha Kinnunen

Talenom extensive report: Finland stands firm, international turnaround is key

Talenom's Finnish core business continues to reliably generate strong cash flow, but investors doubt the sensibility of international growth. Profitability turnarounds in Spain and Sweden could also reverse the share price development.

Talenom
Finnair omfattande analys: Mot lönsam tillväxt på blåvita vingar
Extensive research6/17/2026, 6:23 PM by
Antti Viljakainen, Kaisa Vanha-Perttula

Finnair omfattande analys: Mot lönsam tillväxt på blåvita vingar

Under sin nya strategiperiod strävar Finnair efter lönsam tillväxt och att stärka intäkterna utanför biljetterna, samtidigt som bolaget genomför en förnyelse av sin flygplansflotta med smalflygplan.

Finnair
Analyst Comment19 hours ago by
Petri Gostowski

The rate of decline in ad investments eased in May

According to statistics published by Fifty5Blue (formerly  Kantar), the volume of Finnish media advertising decreased by a moderate 2% in May year-on-year.

SanomaAlma MediaKeskisuomalainenIlkka
Betolar's new CEO brings experience in commercializing and scaling technology
Analyst Comment19 hours ago by
Tommi Saarinen

Betolar's new CEO brings experience in commercializing and scaling technology

The change of CEO came as a surprise to us, and we believe it increases the risk level for Betolar's short-term forecasts.

Betolar
YIT:s investerarsamtal: Tvådelningen framhävs alltjämt
Analyst Comment20 hours ago by
Atte Jortikka

YIT:s investerarsamtal: Tvådelningen framhävs alltjämt

Inom boende fortsätter marknaderna att utvecklas i motsatta riktningar.

YIT
Oriola omfattande analys: Tålamod som recept
Extensive research6/17/2026, 4:30 AM by
Rauli Juva

Oriola omfattande analys: Tålamod som recept

Oriolas aktie ser billig ut, men det finns tydliga risker kopplade till både balansräkningen och den operationella verksamheten.

Oriola
Scanfil extensive report: Good quality with full short-term pricing
Extensive research6/17/2026, 3:52 PM by
Antti Viljakainen

Scanfil extensive report: Good quality with full short-term pricing

We raise our target price for Scanfil to EUR 12.50 (was 11.50 €) on the heels of slightly increased long-term growth estimates. Following the robust progress of the share price over the past year, the positive earnings growth projected in our forecasts has already been factored into the share. In our view, this narrows Scanfil's short-term expected return, even though the long-term story remains quite attractive.

Scanfil
Solwers: Covenant knot tightens as earnings development falters
Research6/18/2026, 7:08 AM by
Olli Vilppo

Solwers: Covenant knot tightens as earnings development falters

Solwers withdrew its guidance yesterday, suggesting that a critical earnings improvement may not materialize this year. We lowered our estimates.

Solwers
H&M Q2'26 preview: Soft topline, but margins resilient so far
Research6/17/2026, 4:30 AM by
Lucas Mattsson

H&M Q2'26 preview: Soft topline, but margins resilient so far

We believe revenue growth remained soft in H&M's Q2, driven by weak market data, reflecting softer consumer confidence and cold weather in April.

H&M
Admicom: Mild vinstvarning för estimat
Research6/16/2026, 4:00 AM by
Atte Riikola

Admicom: Mild vinstvarning för estimat

Samtalet inför den tysta perioden behandlade den senaste vinstvarningen.

Admicom
Article6/11/2026, 1:38 PM by
Marianne Palmu

ECB interest rate decision: The summer street is scorching hot

The European Central Bank's interest rate decision on Thursday was expected. The central bank raised its key interest rates by 25 basis points, bringing the deposit rate to 2.25%.

Article6/11/2026, 5:17 AM by
Marianne Palmu

ECB interest rate meeting today: The central bank surrounded by inflationary pressures

A 25 basis point rate hike is expected from the European Central Bank's interest rate meeting on Thursday.

Latest research

Apetit: Valuation cooled down a notch
Reduce
Apetit
2026-06-22
Alexandria Extensive Report: The strategy is taking the company in the right direction
Accumulate
Alexandria Group
2026-06-22
Solwers: Covenant knot tightens as earnings development falters
Reduce
Solwers
2026-06-18
Talenom extensive report: Finland stands firm, international turnaround is key
Buy
Talenom
2026-06-18
Finnair omfattande analys: Mot lönsam tillväxt på blåvita vingar
Sell
Finnair
2026-06-17
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Dustin Group, Audiocast, Q3'26
2026-07-01 09:30 Dustin Group
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2026-07-07 15:00 Eastnine
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