Key figures 2023
Group key figures
| 1.000 EUR | Q4/ 2023 |
Q4/ 2022 |
Change % | H2/ 2023 |
H2/ 2022 |
Change % | Financial period 2023 | Financial period 2022 | Change % |
| Rule of 40, % 1 | 25 % | 38 % | 31 % | 39 % | 24 % | 38 % | |||
| Rule of 40, (Adj.) % 1 | 26 % | 38 % | 33 % | 39 % | 25 % | 39 % | |||
| Revenue | 2 810 | 2 893 | -3 % | 5 630 | 5 534 | 2 % | 11 296 | 11 083 | 2 % |
| Recurring Revenue 2 | 2 712 | 2 625 | 3 % | 5 407 | 5 208 | 4 % | 10 774 | 10 332 | 4 % |
| Contract Revenue | 2 171 | 2 001 | 9 % | 4 342 | 3 971 | 9 % | 8 578 | 7 854 | 9 % |
| Transaction Revenue | 541 | 624 | -13 % | 1 065 | 1 237 | -14 % | 2 195 | 2 478 | -11 % |
| EBITDA | 781 | 651 | 20 % | 1 653 | 1 282 | 29 % | 2 478 | 1 997 | 24 % |
| EBITDA, % of revenue | 28 % | 23 % | 29 % | 23 % | 22 % | 18 % | |||
| Adjusted EBITDA 1 | 799 | 651 | 23 % | 1 772 | 1 298 | 37 % | 2 654 | 2 061 | 29 % |
| Adj. EBITDA, % of revenue | 28 % | 23 % | 31 % | 23 % | 23 % | 19 % | |||
| EBIT | 225 | 96 | 136 % | 562 | 178 | 215 % | 293 | -230 | |
| EBIT, % of revenue | 8 % | 3 % | 10 % | 3 % | 3 % | -2 % | |||
| Adjusted EBIT 1 | 243 | 96 | 155 % | 681 | 194 | 251 % | 469 | -166 | |
| Adj. EBIT, % of revenue | 9 % | 3 % | 162 % | 12 % | 4 % | 245 % | 4 % | -1 % | |
| Profit/loss for the period | 222 | 29 | 662 % | 500 | 59 | 743 % | 177 | -405 | |
| Profit/loss, % of revenue | 8 % | 1 % | 9 % | 1 % | 2 % | -4 % | |||
| Profit/loss for the period excluding goodwill depreciations | 362 | 165 | 119 % | 780 | 336 | 132 % | 734 | 151 | 385 % |
| Operational cash flow | 1 117 | 923 | 21 % | 2 016 | 1 642 | 23 % | |||
| Equity ratio, % | 66 % | 58 % | |||||||
| Return on equity (ROE), % | 3 % | -9 % |
| 1 The revenue growth rate for 2022 includes the inorganic growth derived from the Taimer Ltd acquisition. The adjusted figures for 2023 include an adjustment of EUR 176 thousand for non-recurring restructuring costs. |
| 2 Recurring revenue is divided into two parts: contract revenue (fixed usage fees and service agreements) and transaction revenue. |
| 3 The adjusted figures for 2023 include an adjustment of EUR 176 thousand for non-recurring restructuring costs. |
Group income statement
| Thousand euros | H2/2022 | Year 2022 | H2/2021 | Year 2021 |
| Revenue | 5 630 | 11 296 | 5 534 | 11 083 |
| Other operating income | 12 | 16 | 3 | 14 |
| Materials and services | -833 | -1 639 | -860 | -1 660 |
| Staff expensess | -2 007 | -4 793 | -2 130 | -4 920 |
| Other operating expenses | -1 149 | -2 401 | -1 264 | -2 520 |
| Depreciation and reduction in value | -1 090 | -2 171 | -1 107 | -2 228 |
| Share of results of associated companies | -1 | -14 | 3 | 0 |
| Operating profit (EBIT) | 562 | 293 | 178 | -230 |
| Finance income and expenses | -47 | -101 | -56 | -107 |
| Profit before taxes | 515 | 191 | 122 | -337 |
| Income taxes | -15 | -15 | -63 | -67 |
| Profit for the period | 500 | 177 | 59 | -405 |
| Earnings per share, EUR | 0,09 | 0,03 | 0,01 | -0,08 |
Group balance sheet
| Tuhatta euroa | 31.12.2023 | 31.12.2022 |
| ASSETS | ||
| FIXED ASSETS | ||
| Intangible assets | 9 553 | 10 326 |
| Tangible assets | 25 | 16 |
| TOTAL FIXED ASSETS | 9 578 | 10 342 |
| CURRENT ASSETS | ||
| Current receivables | 0 | 0 |
| Long-term receivables | 121 | 83 |
| Short-term receivables | 945 | 1 046 |
| Cash in hand and at banks | 439 | 206 |
| TOTAL CURRENT ASSETS | 1 505 | 1 335 |
| TOTAL ASSETS | 11 083 | 11 677 |
| LIABILITIES | ||
| EQUITY | ||
| Share capital | 4 743 | 4 743 |
| Share premium | 162 | 162 |
| Issue of shares | 379 | 9 |
| Invested unrestricted equity fund | 4 455 | 4 455 |
| Retained earnings | -2 617 | -2 212 |
| Translation difference | 0 | 0 |
| Profit (loss) for the financial year | 177 | -405 |
| TOTAL EQUITY | 7 298 | 6 752 |
| CREDITORS | ||
| Long-term creditors | 1 249 | 1 879 |
| Short-term creditors | 2 536 | 3 046 |
| TOTAL CREDITORS | 3 785 | 4 925 |
| TOTAL LIABILITIES | 11 083 | 11 677 |