Interesting changes in the owner list. Especially Teppo Paavola’s ownership is already quite significant, not just a formal ownership of a few shares. There are also a few other interesting additions, such as Savolainen and Two Sigma’s buy-ins. It would be interesting to know what they now see significantly improving in Enento?
However, the macro outlook is subdued, there is still a slight fear of regulatory changes in Sweden, and the organization still does not seem to have growth ambitions, focusing only on beautifying EBITDA and paying dividends.
I am still of the opinion that Enento is a great company with potential for so much, their data management expertise is at an incredible level already in their basic products, and they could build new sales channels abroad for all product areas (excluding credit information) at any time, but there still doesn’t seem to be any interest. The guidance at the beginning of the year was a huge disappointment due to the new CEO, which has started to erode faith in a real growth strategy, meaning Jäger’s line continues (everything out as dividends and taking care of old customers).