Innofactor: A firmer and more stable base for earnings growth
Innofactor’s turnaround has progressed well for four years, driven by the pull of the Finnish business. In the short term, the market creates uncertainty, but Innofactor’s good base created by the order book, recurring net sales and the public sector, provides support. Operationally focus still lies on developing a unified organization, where the foundation is in place, but it still requires evidence from outside Finland. We expect modest earnings growth this year and in the longer-term, stronger growth requires a solid Nordic business.
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Innofactor
Innofactor operates in the IT sector. The company is focused on offering services in digitization and cloud-based solutions. Examples of business areas include sales, marketing and communication, business intelligence, and CRM (Customer Relationship Management). The largest presence is found in the Nordic market and customers consist of small and medium-sized corporate customers. The head office is located in Espoo.
Read more on company pageKey Estimate Figures10.09.2023
| 2022 | 23e | 24e | |
|---|---|---|---|
| Revenue | 71.1 | 80.0 | 83.4 |
| growth-% | 7.18 % | 12.44 % | 4.27 % |
| EBIT (adj.) | 5.0 | 5.5 | 6.6 |
| EBIT-% (adj.) | 7.06 % | 6.86 % | 7.92 % |
| EPS (adj.) | 0.10 | 0.10 | 0.13 |
| Dividend | 0.06 | 0.07 | 0.08 |
| Dividend % | 5.70 % | 4.17 % | 4.76 % |
| P/E (adj.) | 10.76 | 16.61 | 12.51 |
| EV/EBITDA | 6.47 | 8.48 | 7.13 |
