Finland's Digia Q1 net sales rise on international expansion

Digia Oyj

29/04/2026 06:33

Overview

Finland IT consulting firm's Q1 net sales rose 4.9% yr/yr, organic growth 1.1%

Q1 EBITA and EPS declined due to non-recurring expenses and restructuring costs

Company maintained 2026 guidance for net sales growth and stable or higher EBITA

Outlook

Digia maintains 2026 guidance: net sales will grow from EUR 217.0 mln in 2025

Company expects 2026 EBITA to remain on par with or increase from EUR 21.3 mln in 2025

Digia says market conditions remain challenging and cautious entering 2026

Result Drivers

NON-RECURRING EXPENSES - EBITA was impacted by EUR 0.7 mln in non-recurring expenses from change negotiations and EUR 0.7 mln in provisions related to two customer projects

GROWTH AREAS - Financial Platforms and Managed Solutions business areas drove growth, per CEO

INTERNATIONAL EXPANSION - Strong growth at Polish subsidiary Savangard contributed to international sales, which rose to 20.8% of net sales

Company press release: ID:nWkrbjM6Hp

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 56.40 mln
Q1 EPS
EUR 0.07
Q1 EBIT
EUR 2.50 mln
Q1 EBITA
EUR 3.30 mln
Q1 EBITA Margin
5.80%


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy."

Wall Street's median 12-month price target for Digia Oyj is €8.00, about 38.9% above its April 28 closing price of €5.76

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)