Finland's Tecnotree Q3 revenue rises, raises 2026 forecast

Tecnotree Oyj

28/10/2026 07:14

Overview
Finland IT solutions provider's Q3 revenue rose 8.4% yr/yr, EBIT margin improved
Q3 net income fell 13.6% yr/yr, EPS declined to EUR 0.13
Company raised 2026 revenue growth outlook to mid to high single digits

Outlook
Tecnotree raises 2026 revenue growth outlook to mid to high single-digit percentage in constant currency
Company maintains 2026 free cash flow guidance of over EUR 5.0 mln
Tecnotree says geopolitical situation in Middle East continues to slow collections in that region

Result Drivers
RECURRING REVENUE - Co said multi-year programmes and new agreements with Tier-1 customers contributed to organic growth and predictable recurring revenue
STRUCTURAL MARGIN IMPROVEMENT - Co attributed margin gains to use of AI in engineering and delivery, and benefits from restructuring and efficiency programme begun in 2024
CASH FLOW PRIORITY - Co said milestone-based invoicing and focus on cash generation led to positive free cash flow for tenth consecutive qtr; collections in Middle East slowed by geopolitical situation

Company press release: ID:nWkr8h6qdC

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
 
EUR 20.20 mln
 
Q3 EPS
 
EUR 0.13
 
Q3 Net Income
 
EUR 3 mln
 
Q3 EBIT
 
EUR 5.80 mln
 

Analyst Coverage
Wall Street's median 12-month price target for Tecnotree Oyj is €5.40, about 12.9% below its October 27 closing price of €6.20
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
Oct 27 - Finland's TietoEVRY Q3 revenue falls on soft demand
Oct 27 - Finland's Digia Q3 EBIT rises on operational efficiency despite flat revenue
Oct 26 - Singapore's IFAST Q3 revenue rises on ePension growth

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(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.)