Key figures

Unaudited EUR thousand, unless otherwise indicated
IFRS2) IFRS2) IFRS2) FAS FAS FAS
1-3/2024 1-12/2023 1-12/2022 1-12/20211) 1-12/2020 1-12/2019
Net sales 6 897 26 3446) 22 5506) 17 2276) 13 588sup>6) 10 6396)
Net sales growth, % 16,5 % 16,8 % 30,9 % 26,8 % 27,7 % 12,2 %
SaaS 4 955 19 146 16 989 12 996 10 316 7 559
Transactions 768 2 265 1 172 1 084 956 848
Consulting and other 1 174 4 933 4 390 3 148 2 316 2 232
Gross margin 5 942 23 285 19 982 15 380 11 941 9 300
Gross margin, % of net sales 86,1% 88,4% 88,6% 89,3% 87,9% 87,4%
EBITDA 1 398 8 215 7 332 4 231 4 794 3 504
EBITDA, % of net sales 20,3 % 31,2 % 33,7 % 24,6 % 35,3 % 32,9 %
Adjusted EBITDA3) 1 400 7 951 6 594 5 635 4 683 3 511
Adjusted EBITDA, % of net sales 20,3 % 30,2 % 32,7 % 32,7 % 34,5 % 33,0 %
EBIT 942 6 8906) 6 594 3 0706) 3 9066) 3 1396)
EBIT, % of net sales 13,7 % 26,2 % 29,2 % 17,8 % 28,7 % 29,5 %
Adjusted EBIT4) 1 120 7 195 7 054 5 411 4 428 3 283
Adjusted EBIT, % of net sales 16,2 % 27,3 % 31,3 % 31,4 % 32,6 % 30,9 %
Profit (Loss) of the period 597 5 3496) 5 128 2 2726) 2 9766) 2 4846)
Profit (Loss) of the period, % of net sales 8,7 % 20,3 % 22,7 % 13,2 % 21,9 % 23,3 %
Equity ratio, % 64,6 % 61,9 % 69,7 % 75,0 % 61,6 % 77,9 %
Net debt 495 1 010 -8 661 -15 760 -3 099 -3 776
Gearing, % 1,6 % 3,3 % -32,9 % -71,7 % -44,3 % -68,5 %
Earnings per share (EPS), EUR 5) 0,04 0,29 0,28 0,39 0,18 0,15
Return on invested capital (ROIC), % 2,5 % 18,1 % 22,5 %
Return on equity (ROE), % 1,9 % 18,9 % 21,2 %
Number of employees at the end of the period 220 208 184 153 110 79
Outstanding shares at the end of period 18 562 005 18 562 005 18 393 440 18 273 726 680 680
Average outstanding shares during the period 18 562 005 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)