contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment CompanyTagList on Company {
  pageUrl
  name
  viewerIsFollowing
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    ...CompanyTagList
    id
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  availableLanguages
  pageUrl
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      defaultInstrument {
        isin
        id
      }
      id
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    id
    name
    viewerIsFollowing
    defaultInstrument {
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


componenta-and-kesla-agco-confirmed-weak-market-outlook-2024

__typename

title

isPremium

lang

htmlBody

companies

createdAt

publishers

authors

reactionGroups

availableLanguages

pageUrl

imgUrl

description

Analyst

Erkki Vesola

Componenta is a manufacturing company. The company is a supplier of casting solutions that are also used in a number of industrial vehicles, mainly trucks and larger machines. In addition to the main business, associated engineering services are offered. Componenta operates worldwide with the largest presence around the European market. The head office is located in Vantaa.

Componenta

Kesla is a manufacturing company. Operations are conducted in forest technology, which includes solutions such as truck and industrial cranes, harvester heads, wood chippers, and grapples. In addition to the main business, the company supplies wheelchairs and seating equipment. The products are sold worldwide, with the largest presence in Europe, North and South America. The company was founded in 1960 and is headquartered in Joensuu.

Kesla

The American agricultural machinery manufacturer released its Q4’23 report yesterday, opening its market prospects for 2024. The comments were in line with what Deere said about the market already last year.

Translation: Original comment published in Finnish on 2/7/2024 at 6:58 am EET The American agricultural machinery manufacturer released its Q4’23 report yesterday, opening its market prospects for 2024. The comments were in line with what Deere said about the market already last year. Componenta and Kesla, which we know/assume to be suppliers of AGCO (Valtra), are not supported by the outlook comments and rely increasingly on Valtra’s production in Finland developing in line with the ambitious targets. AGCO is pessimistic about the 2024 tractor market AGCO expects the volumes of the agricultural tractor market to decrease by 5-10% in Europe y/y and by 10% in North and South America y/y in 2024 The market is depressed everywhere by the lower income of farmers, although the dairy and livestock sectors in Europe are faring better. AGCO’s view of the 2024 market is in line with what Deere presented already in November. Componenta's and Kesla’s expectations are under pressure We have previously estimated that AGCO/Valtra and its factories in Suolahti and Linnavuori are a significant customer for Componenta and Kesla. For both of them, hopes for good development in Valtra in 2024 increasingly rely on Valtra’s production volumes growing as planned. Last fall, we explained how Valtra has invested in the Suolahti plant, how the production of the new S-series tractor will start there this year, and how the market share targets have been set high. As neither Componenta nor Kesla are expected to comment on any of their customers’ business in connection with their earnings releases, we hope to receive more information about the development in 2024 either from professional publications or in the best case scenario from AGCO/Valtra themselves. The outset for Valtra’s year is not the best in terms of the market's demand outlook, and AGCO’s Q4 report probably increased the pressure on Componenta's and Kesla's 2024 guidance somewhat. Both Componenta and Kesla will release their Q4 reports on March 1.

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