Enento - A leading Nordic business and consumer information provider

We initiated the coverage Enento about a week ago. I’m the analyst following the company and if you have any questions I’m happy to answer them. Here’s a link to the fresh extensive report: Enento: The Nordic credit information king

Enento is one of the leading providers of digital business and consumer data in the Nordic countries. The company’s product offering, and client base is broad, and its services are used in areas such as risk management, sales and marketing, and real estate. At the core of these services is the data collected from a wide range of information sources in the company’s database, which the company processes and uses to develop a range of services that enable informed decisions in the various financial transactions of its clients. Enento has long-standing roots in Finland, where the company still operates mainly under the Asiakastieto brand. The company has expanded into other Nordic countries through acquisitions and operates under the UC, allabolag.se and Proff brands. The core of Enento’s business are credit information services where Enento is the market leader in Finland and Sweden (under Asiakastieto and UC brands).


Enento has a solid track record in profitable growth and the company’s business model is quite stable and defensive (revenues include both cyclical and counter-cyclical elements). This year, the company faces a number of headwinds as the challenging market environment (lower demand for loans and weak SEK), regulation (Finnish interest rate cap regulation in the fall) and internal factors (exit of the Tambur service) weigh on net sales. Typically the company as been resilient against bigger crisis situations and been able to generate strong cash flows in harder market environments as well.

Enento’s historical development:

4 gillningar

Greetings to you too!

I’ve been somewhat prejudiced towards this company for a while because the industry it operates in has seemed old-fashioned to me, something that can’t grow and generate enough returns. However, this has been my own conclusion and imagination, not based on facts.

Nevertheless, Enento has shown surprisingly good profitability over the years, even in the long run. It didn’t particularly surprise me that the company is stable.

Not particularly for me, but some might also be interested in the company’s decent dividend yield…

Risk and opportunity at the same time in a new technology platform.

I see that this company could be a defensive representative in the portfolio, providing security. :slight_smile: