2026 Q2 -tulosraportti
Äänite tulossa
1 päivä sitten
Tarjoustasot
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Dataa ei löytynyt
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 -tulosraportti 29.10. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 -tulosraportti 20.8. | ||
2026 Q1 -tulosraportti 7.5. | ||
2025 Q4 -tulosraportti 26.2. | ||
2025 Q3 -tulosraportti 22.10.2025 | ||
2025 Q2 -tulosraportti 21.8.2025 |
Asiakkaat katsoivat myös
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
·8 t sittenThe company writes in capital letters "positive operating cash flow of DKK 1,6 million" as one of four main highlights. But when you decompose the figure, it looks different. The period's result H1 is minus 882 t. Reversals of depreciation give plus 923 t. And then comes the large item: working capital change of plus 1.812 t. In other words: 96 % of the cash flow comes from working capital release. Not from operations. So where do the 1,8 mio. come from? Inventory has been cut by 70 % (from 1.082 t to 321 t) – freed up 761 t in cash. Other liabilities have almost doubled (from 875 t to 1.641 t) – freed up an additional 765 t. To put it plainly: the company has eaten into inventory and postponed payments. These are one-off effects, not earned cash. Inventory must be replenished in H2, and the liabilities (presumably holiday pay, VAT, bonuses) must be paid sooner or later. The best test is the cash itself. It has only increased by 702 t in the entire H1 (from 1.033 t to 1.735 t). Not 1,6 mio. Not even close. And for perspective: STENOCARE stand-alone had a working capital change of minus 2,1 mio. in H1-2025. Now it is suddenly plus 1,8 mio. A swing of almost 4 mio. in one line – probably the CannGros merger's opening balance more than organic operations. So why is the market cheering? Because headlines are easy, and decomposition is difficult. "DKK 4 mio. revenue, +133 % YoY, positive cash flow" sells itself. Reading the cash flow statement line by line and cross-checking the balance sheet requires time that few people spend. Confirmation bias does the rest – people holding shares need signs that the case is turning around. The Q2 report is not bad. The top line beat expectations, EBITDA remains positive for the fifth consecutive quarter, the company is alive. But it is far from the strong report that the press release portrays it as. The cash flow strength is one-off effects disguised as operational improvement.
blueoceanguy. I have inserted the webcast here so you can watch or rewatch it. Do you agree with what management states? https://www.youtube.com/watch?v=46hCdobcKOw&t=22s- ·8 t sittenHas anyone actually read the cash flow statement in detail, or are we all just looking at the press release's headline?
8 t sitten
·9 t sittenI'm simply not sure I understand why it's falling (or never growing more) ? The financial report might not be spectacular but it is positive and they have no debt (as far as I can see). Is it because people think things aren't happening explosively enough?
·11 t sittenI chose to sell all my shares with a nice profit before the earnings report. I still believe in the company itself, but for me, not enough is happening, and I see much better opportunities many other places. Therefore, I'm signing off for this time and of course hope that you win in the long run. I'm not doing any more TA here. Thanks for now and good luck :) Good day!
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
2026 Q2 -tulosraportti
Äänite tulossa
1 päivä sitten
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·8 t sittenThe company writes in capital letters "positive operating cash flow of DKK 1,6 million" as one of four main highlights. But when you decompose the figure, it looks different. The period's result H1 is minus 882 t. Reversals of depreciation give plus 923 t. And then comes the large item: working capital change of plus 1.812 t. In other words: 96 % of the cash flow comes from working capital release. Not from operations. So where do the 1,8 mio. come from? Inventory has been cut by 70 % (from 1.082 t to 321 t) – freed up 761 t in cash. Other liabilities have almost doubled (from 875 t to 1.641 t) – freed up an additional 765 t. To put it plainly: the company has eaten into inventory and postponed payments. These are one-off effects, not earned cash. Inventory must be replenished in H2, and the liabilities (presumably holiday pay, VAT, bonuses) must be paid sooner or later. The best test is the cash itself. It has only increased by 702 t in the entire H1 (from 1.033 t to 1.735 t). Not 1,6 mio. Not even close. And for perspective: STENOCARE stand-alone had a working capital change of minus 2,1 mio. in H1-2025. Now it is suddenly plus 1,8 mio. A swing of almost 4 mio. in one line – probably the CannGros merger's opening balance more than organic operations. So why is the market cheering? Because headlines are easy, and decomposition is difficult. "DKK 4 mio. revenue, +133 % YoY, positive cash flow" sells itself. Reading the cash flow statement line by line and cross-checking the balance sheet requires time that few people spend. Confirmation bias does the rest – people holding shares need signs that the case is turning around. The Q2 report is not bad. The top line beat expectations, EBITDA remains positive for the fifth consecutive quarter, the company is alive. But it is far from the strong report that the press release portrays it as. The cash flow strength is one-off effects disguised as operational improvement.blueoceanguy. I have inserted the webcast here so you can watch or rewatch it. Do you agree with what management states? https://www.youtube.com/watch?v=46hCdobcKOw&t=22s
- ·8 t sittenHas anyone actually read the cash flow statement in detail, or are we all just looking at the press release's headline?
- 8 t sitten
- ·9 t sittenI'm simply not sure I understand why it's falling (or never growing more) ? The financial report might not be spectacular but it is positive and they have no debt (as far as I can see). Is it because people think things aren't happening explosively enough?
- ·11 t sittenI chose to sell all my shares with a nice profit before the earnings report. I still believe in the company itself, but for me, not enough is happening, and I see much better opportunities many other places. Therefore, I'm signing off for this time and of course hope that you win in the long run. I'm not doing any more TA here. Thanks for now and good luck :) Good day!
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Dataa ei löytynyt
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 -tulosraportti 29.10. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 -tulosraportti 20.8. | ||
2026 Q1 -tulosraportti 7.5. | ||
2025 Q4 -tulosraportti 26.2. | ||
2025 Q3 -tulosraportti 22.10.2025 | ||
2025 Q2 -tulosraportti 21.8.2025 |
2026 Q2 -tulosraportti
Äänite tulossa
1 päivä sitten
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 -tulosraportti 29.10. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 -tulosraportti 20.8. | ||
2026 Q1 -tulosraportti 7.5. | ||
2025 Q4 -tulosraportti 26.2. | ||
2025 Q3 -tulosraportti 22.10.2025 | ||
2025 Q2 -tulosraportti 21.8.2025 |
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·8 t sittenThe company writes in capital letters "positive operating cash flow of DKK 1,6 million" as one of four main highlights. But when you decompose the figure, it looks different. The period's result H1 is minus 882 t. Reversals of depreciation give plus 923 t. And then comes the large item: working capital change of plus 1.812 t. In other words: 96 % of the cash flow comes from working capital release. Not from operations. So where do the 1,8 mio. come from? Inventory has been cut by 70 % (from 1.082 t to 321 t) – freed up 761 t in cash. Other liabilities have almost doubled (from 875 t to 1.641 t) – freed up an additional 765 t. To put it plainly: the company has eaten into inventory and postponed payments. These are one-off effects, not earned cash. Inventory must be replenished in H2, and the liabilities (presumably holiday pay, VAT, bonuses) must be paid sooner or later. The best test is the cash itself. It has only increased by 702 t in the entire H1 (from 1.033 t to 1.735 t). Not 1,6 mio. Not even close. And for perspective: STENOCARE stand-alone had a working capital change of minus 2,1 mio. in H1-2025. Now it is suddenly plus 1,8 mio. A swing of almost 4 mio. in one line – probably the CannGros merger's opening balance more than organic operations. So why is the market cheering? Because headlines are easy, and decomposition is difficult. "DKK 4 mio. revenue, +133 % YoY, positive cash flow" sells itself. Reading the cash flow statement line by line and cross-checking the balance sheet requires time that few people spend. Confirmation bias does the rest – people holding shares need signs that the case is turning around. The Q2 report is not bad. The top line beat expectations, EBITDA remains positive for the fifth consecutive quarter, the company is alive. But it is far from the strong report that the press release portrays it as. The cash flow strength is one-off effects disguised as operational improvement.blueoceanguy. I have inserted the webcast here so you can watch or rewatch it. Do you agree with what management states? https://www.youtube.com/watch?v=46hCdobcKOw&t=22s
- ·8 t sittenHas anyone actually read the cash flow statement in detail, or are we all just looking at the press release's headline?
- 8 t sitten
- ·9 t sittenI'm simply not sure I understand why it's falling (or never growing more) ? The financial report might not be spectacular but it is positive and they have no debt (as far as I can see). Is it because people think things aren't happening explosively enough?
- ·11 t sittenI chose to sell all my shares with a nice profit before the earnings report. I still believe in the company itself, but for me, not enough is happening, and I see much better opportunities many other places. Therefore, I'm signing off for this time and of course hope that you win in the long run. I'm not doing any more TA here. Thanks for now and good luck :) Good day!
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Dataa ei löytynyt