Key figures

Unaudited EUR thousand, unless otherwise indicated

	IFRS²⁾ 1-9/2024	IFRS²⁾ 1-12/2023	IFRS²⁾ 1-12/2022	FAS 1-12/2021	FAS 1-12/2020	FAS 1-12/2019
Net sales	21 239	26 344⁶⁾	22 550⁶⁾	17 227⁶⁾	13 588⁶⁾	10 639⁶⁾
Net sales growth, %	12,3 %	16,8 %	30,9 %	26,8 %	27,7 %	12,2 %
SaaS	15 319	19 146	16 989	12 996	10 316	7 559
Transaction	2 453	2 265	1 172	1 084	956	848
Consulting and other	3 467	4 933	4 390	3 148	2 316	848

Gross margin	18 369	22 792	19 982	15 380	11 941	9 300
Gross margin, % of net sales	86,5%	86,5%	88,6%	89,3%	87,9%	87,4%
EBITDA	5 552	8 215	7 332	4 231	4 794	3 504
EBITDA, % of net sales	26,1 %	31,2 %	32,5 %	24,6 %	35,3 %	32,9 %
Adjusted EBITDA ³⁾	5 745	7 951	7 589	5 635	4 683	3 511
Adjusted EBITDA, % of net sales	27,0 %	30,2 %	33,7 %	32,7 %	34,5 %	33,0 %
EBIT	4 147	6 890⁶⁾	6 594	3 070⁶⁾	3 906⁶⁾	3 139⁶⁾
EBIT, % of net sales	19,5 %	26,2 %	29,2 %	17,8 %	28,7 %	29,5 %
Adjusted EBIT ⁴⁾	4 938	7 195	7 054	5 411	4 428	3 283
Adjusted EBIT, % of net sales	23,2 %	27,3 %	31,3 %	31,4 %	32,6 %	30,9 %
Profit (Loss) of the period	3 088	5 349⁶⁾	5 128	2 272⁶⁾	2 976⁶⁾	2 484⁶⁾
Profit (Loss) of the period, % of net sales	14,5 %	20,3 %	22,7 %	13,2 %	21,9 %	23,3 %

Equity ratio, %	59,2 %	61,9 %	69,7 %	75,0 %	61,6 %	77,9 %
Net debt	5 450	1 010	-8 661	-3 099	-3 099	-3 776
Gearing, %	17,3 %	3,3 %	-32,9 %	-71,7 %	-44,3 %	-68,5 %
Earnings per share (EPS) ⁵⁾	0,17	0,29	0,28	0,39	0,18	0,15
Return on invested capital (ROIC), %	10,1 %	18,1 %	22,5 %
Return on equity (ROE), %	10,0 %	18,9 %	21,2 %
Number of employees at the end of the period	231	208	184	153	110	79
Outstanding shares at the end of the period	18 671 632	18 562 005	18 393 440	18 273 726	680	680
Average outstanding shares during the period	18 584 178	18 527 914	18 343 559	5 879 408	680	680

1) A group structure requiring the preparation of consolidated financial statements was formed in 2020.
2) The Group has transitioned from reporting in accordance with FAS to reporting in accordance with IFRS on 1.1.2022.
3) Adjusted EBITDA is EBITDA adjusted by M&A expenses and other significant non-recurring items affecting comparability
4) Adjusted EBIT is EBIT adjusted by amortisation of intangible assets related to business combinations, M&A expenses and other significant non-recurring items affecting comparability
5) The share split has been considered in 2018-2021 figures
6) Audited

Calculation of key figures

Key figure	Calculation of key figures
Gross margin	Net sales + Other operating income - Materials and services
EBITDA	EBIT+ Depreciation and amortisation
Adjusted EBITDA	EBIT + Depreciation and amortisation + M&A expenses +/- Other significant non-recurring items affecting comparability
Operating profit (EBIT)	Net sales + Other operating income - Materials and services - Employee benefit expenses - Other operating expenses - Depreciation and amortisation
Adjusted EBIT	EBIT - Covid-19 reduction of pension contribution - Business Finland’s aid + M&A costs + IPO costs + Goodwill amortization
Equity ratio, %	Equity +/- Non-controlling interests x100 / (Balance sheet total - Advances received)
Net debt	Loans from credit institutions + Lease liabilities - Cash and cash equivalents
Gearing, %	(Loans from credit institutions + Lease liabilities - Cash and cash equivalents) x100 / Equity
Earnings per share (EPS)	Profit (loss) for the period attributable to owners of the parent company / Weighted average number of ordinary shares outstanding during the financial year
Return on invested capital (ROIC), %	(Profit (loss) for the period + Financial expenses + Tax expense) / (Equity + Loans from credit institutions + Lease liabilities)
Return on equity (ROE), %	Profit (loss) for the period / ((Equity at the beginning of the period + Equity at the end of the period) /2)