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Inside information, profit warning: Lemonsoft lowers its revenue growth and profit forecast for 2024

Lemonsoft Oyj | Inside Information | December 10, 2024 at 19:00:00 EET

Lemonsoft is lowering its 2024 forecast for revenue growth and profitability due to lower-than-expected customer demand.

New forecast for 2024:
Lemonsoft estimates that the net sales for the financial year 2024 will increase by 9–11 percent compared to the financial year 2023, and that adjusted EBIT will be 22–24 percent of net sales in 2024.

Previous forecast for 2024 (issued on 15 February 2024):
Lemonsoft estimates that the net sales for the financial year 2024 will increase by 10–18 percent compared to the financial year 2023, and that adjusted EBIT will be 23–28 percent of net sales in 2024.

About Us

Lemonsoft is a Finnish software company that designs, develops and sells ERP software solutions to streamline its customers’ processes across different business lines and administration. The extensive offering of software solutions and related services enables the Company to provide its customers with holistic service. The Company’s standardised and scalable software solutions are delivered mainly from the cloud and are based on the SaaS model in which customers pay a monthly service fee for the use of the software. The Company operates in the ERP software market in Finland primarily as a service provider for SMEs. The Company’s customer base consists of customers from especially industrial manufacturing, wholesale and retail, professional services automation, construction and accounting.

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