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Innofactor (IFA1V) investor relations material

Innofactor Q4 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2024 earnings summary28 Feb, 2025

Executive summary

  • Net sales for 2024 were EUR 77.6 million, down 3.3% year-over-year; EBITDA fell 30.4% to EUR 6.3 million, and operating profit dropped 42.0% to EUR 3.4 million.

  • Earnings per share for 2024 were EUR 0.007, a 96.2% decrease from the previous year.

  • 2024 was marked by extraordinary costs from a public tender offer, legal expenses, and organizational restructuring.

  • A consortium led by CapMan Growth and CEO Sami Ensio acquired over 90% of shares, triggering delisting and redemption proceedings.

  • The company will not issue detailed financial guidance for 2025 due to the ongoing redemption process.

Financial highlights

  • Net sales decreased 3.3% year-over-year to EUR 77.6 million; H2 net sales fell 8.6% to EUR 36.5 million.

  • EBITDA margin was 8.2% (2023: 11.3%); operating margin (EBIT) was 4.4% (2023: 7.3%).

  • Net income for 2024 was EUR 263 thousand, down 96.2% year-over-year.

  • Operating cash flow improved to EUR 8.1 million (2023: EUR 7.2 million).

  • Return on equity dropped to 1.1% (2023: 13.7%); return on investment was 11.6% (2023: 18.0%).

Outlook and guidance

  • No detailed financial guidance for 2025 due to redemption proceedings; business expected to continue as normal.

  • Updated strategy and organizational structure effective 2025, with business divided into four main areas: Platforms, Solutions, Code, and Dynasty.

  • Dividend policy updated: retained earnings to be used for growth, no dividends planned.

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Frequently asked questions

Innofactor Oyj is a Nordic IT services company specializing in digital transformation solutions for private and public sector organizations. Its core offerings include cloud solutions, cybersecurity services, business intelligence, data management, and software development. The company focuses on implementing Microsoft-based technologies, including Azure, Dynamics, Power Platform, and Office 365, to help clients optimize their digital infrastructures and business processes. Innofactor serves a wide range of industries, including government, healthcare, education, and financial services, delivering tailored IT solutions to improve operational efficiency and innovation. The company is headquartered in Espoo, Finland, and its shares are listed on the Helsinki Stock Exchange.

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