Atte has released a new equity research report on Aallon Group. 
We reiterate our Accumulate recommendation and target price of EUR 10.5 for Aallon Group. We have incorporated the company’s latest acquisition into our forecasts, which marks the sixth acquisition of the year. Like many other service companies on the Helsinki Stock Exchange, Aallon Group’s share price has remained depressed in recent months. AI fears and slow organic growth continue to weigh on the valuation, but at Aallon Group’s current valuation (2026e-2027e adj. P/E 9x-8x), expectations for future performance are very modest. Recently, there have been promisingly positive signs from the Finnish economy, which should reflect in the accounting industry with a lag. Overall, we see the risk-reward ratio as attractive at the moment.