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Sitowise announced on Tuesday that it would recognize an impairment of approximately 40 MEUR relating to its business in Sweden. While this impairment will not affect cash flow, it does reflect the prolonged challenges facing the Swedish business. The risk of a write-down was obvious, so the news came as no surprise and does not pressure us to change our operational estimates immediately.

Factory 02 will be the company's first large-scale facility, increasing its production capacity from the current 160 tons to 6,400 tons annually.

Bioretec updated its strategy and financial targets for 2026-28.

We have corrected assumptions in our forecast model regarding Control Resonant's assumed revenue sharing ratio with Annapurna for 2027-2028.

14:40

Antti Siltanen, Life Science Analyst, PhD, talks about life science companies as investments.

28:25

Antti Vuolanto, CEO, talks about biotechnology company Herantis Pharma as an investment.

Aktia's earnings have risen significantly with interest rates, and the recovery in loan demand and steady growth in Asset Management should keep profitability relatively stable in the coming years.

In light of the news, Nightingale is rebuilding its management team to better accelerate growth in its healthcare business.

The company cited delays in harvest season production as the reason for the profit warning.

The upcoming Control sequel is a critical release for Remedy's investment case, and we are confident in its success.

27:26

Tuukka Hirvonen, Head of Investor Relations, talks about pharmaceutical company Orion as an investment.

HomeMaid announced on Friday that its CEO, Stefan Högkvist, has sold 280,000 shares (at SEK 29 per share) in the company. The total value of the transaction amounted to 8.1 MSEK. Following this transaction, Stefan Högkvist’s holding in HomeMaid amounts to 155,000 shares (~0.8% of outstanding shares) and call options corresponding to 350,000 shares.

Inderes delivered solid monthly sales in November with sales increasing by 15% y/y. The strong growth owes to improved CMD activity. The sales beat our estimate by EUR 0.2m, which was the case also in October. Consequently, after two months of reporting in Q4 the sales run-rate is some EUR 0.4m above our current projection. Our positive read-x is also supported by the fact that Inderes has managed to win CMDs also in Sweden.

37:35

In this interview, we sit down with Verve Group’s CEO Remco Westermann reflecting on 2025 and the path forward.

The game will be released in 2026, which is earlier than our current forecast (H1'27).

We believe this new brand partnership is a positive addition to Spinnova's network of partners and will support the long-term outlook for demand of fiber produced using the company's technology. However, we do not believe that the agreement will have a significant financial impact in the near future. Reducing technology investment and production costs and identifying technology investment partners continue to play a key role in the company's commercialization efforts.

Fondia is undergoing major transitions, and its earnings turnaround  is only just beginning. However, unlike in the past, strong measures have been taken, and success in strategic projects would lead to a significant improvement in results. This also supports confidence in a change in the outcome. Despite its challenges, Fondia is the market leader in continuous legal services in Finland, in view of which its valuation is extremely low.

Of the 35 MEUR convertible bond financing, 25 MEUR has now been drawn.

However, with the valuation decrease due to the recent around 10% price drop (2026e: P/E 12x), we feel the expected return has improved and risen slightly above the required return. In our view, Scanfil also offers an attractive investment story of profitable growth in the longer term.