During the fiscal year, Heeros continued to strengthen its position as a provider of business-critical enterprise software both in Finland and along with new customer deliveries also internationally. The acquisition of Taimer Ltd, a software company specializing in PSA, was completed on 1 January 2022 according to the strategy and supported growth during the fiscal year. At the end of 2022, Heeros had approximately 200 customers operating outside Finland, and our services were used in more than 20 countries. Revenue and recurring revenue of Heeros Group grew 20 % from previous year.
EBITDA was 1,997 thousand euros or 18 % of revenue. EBITDA margin was reduced by investments in sales team and expanding the portfolio as well as the costs associated to integration of Taimer to Heeros Group. Profitability improved as integration of Taimer progressed. EBIT decreased from previous year to -230 thousand euros, mostly due to depreciations related to Taimer acquisition (-556 thousand euros).
At the end of the year, there were significant changes in shareholders as Viking Venture, a Nordic SaaS investor, and Lakeus Holding AB became the two largest shareholders of the company.
