Key figures

Key figures

Unaudited EUR thousand, unless otherwise indicated
1.1. - 31.12. 1.1. - 31.12.
2022 2021 20201) 2019 2018
Net sales 22 550 17 227 13 5885) 10 6395) 9 4845)
Growth of net sales, % 30,9 % 26,8 % 27,7 % 12,2 % 19,8 %
SaaS 16 989 12 996 10 316 7 559 6 268
Transactions 1 172 1 084 956 848 586
Consulting and other 4 390 3 148 2 316 2 232 2 631
Gross margin 19 982 15 335 11 941 9 300 8 565
Gross margin, % 88,6% 89,0% 87,9% 87,4% 90,3%
EBITDA 6 848 4 231 4 794 3 504 2 782
EBITDA, % 30,4 % 24,6 % 35,3 % 32,9 % 29,3 %
Adjusted EBITDA2) 6 907 5 635 4 683 3 511 2 782
Adjusted EBITDA, % of net sales 30,6 % 32,7 % 34,5 % 33,0 % 29,3 %
Operating profit (EBIT) 4 665 3 070 3 9065) 3 1395) 2 4285)
Operating profit (EBIT), % 20,7 % 17,8 % 28,7 % 29,5 % 25,6 %
Adjusted EBIT3) 6 669 5 411 4 428 3 283 2 566
Adjusted EBIT, % of net sales 29,6 % 31,4 % 32,6 % 30,9 % 27,1 %
Profit (loss) for the review period / financial year 3 229 2 272 2 9765) 2 4845) 1 9125)
Profit (loss) for the review period / financial year, % of net sales 14,3 % 13,2 % 21,9 % 23,3 % 20,2 %
Equity ratio, % 70,4 % 75,0 % 61,6 % 77,9 % 67,4 %
Net debt -9 292 -15 760 -3 099 -3 776 -2 251
Gearing, % -38,1 % -71,7 % -44,3 % -68,5 % -52,9 %
Earnings per share (EPS), EUR 4) 0,18 0,39 0,18 0,15 0,11
Number of employees at the end of the period 184 153 110 79 75
Outstanding shares at the end of period 18 393 440 18 273 726 680 680 680
Average outstanding shares during the period 18 343 559 5 879 408 680 680 680

1) A group structure requiring the preparation of consolidated financial statements was formed in 2020.
2) Adjusted EBITDA is EBITDA adjusted by costs related to the acquisitions and the IPO as well as certain extraordinary items (Covid-19 reduction of pension contribution and Business Finland’s aid).
3) Adjusted EBIT is EBIT adjusted by goodwill amortizations, costs related to the acquisitions and the IPO as well as certain extraordinary items (Covid-19 reduction of pension contribution and Business Finland’s aid).
4) The share split has been considered in 2018-2021 figures.
5) Audited

Calculation of key figures

Key figure Calculation
Gross margin Net sales + Other operating income – Materials and services
EBITDA EBIT + Depreciation and amortization
Adjusted EBITDA EBIT + Depreciation and amortization - Covid-19 reduction of pension contribution - Business Finland’s aid + M&A costs + IPO costs
Operating profit (EBIT) Net sales + Other operating income - Materials and services - Personnel expenses - Other operating expenses – Depreciation and amortization
Adjusted EBIT EBIT - Covid-19 reduction of pension contribution - Business Finland’s aid + M&A costs + IPO costs + Goodwill amortization
Equity ratio, % Equity +/- Minority interest x100 / (Balance sheet total - Advances received
Net debt Loans from credit institutions – Cash at bank and in hand
Gearing, % Loans from credit institutions - Cash at bank and in hand) x100 / Equity
Earnings per share (EPS) Profit (Loss) of the period / Adjusted average number of outstanding shares during the period