Innofactor as an Investment

Leading Nordic Provider of Digitalization and Cloud Solutions

Innofactor is a leading Nordic provider of digitalization and cloud solutions. Innofactor has Microsoft Ecosystem’s leading expertise and the most comprehensive offering in the Nordics. Innofactor has over 600 eager and motivated top professionals in Finland, Sweden, Denmark and Norway. Innofactor serves over 1,500 commercial, public, and third sector organizations. In 2012 to 2016, the annual growth of Innofactor’s net sales has been approximately 28%. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ Helsinki Ltd.

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Q1 2017: The best first quarter in history in terms of net sales and operating margin

January–March 2017 in brief:

  • The net sales were approximately EUR 17.5 million (2016: 14.6), which shows an increase of 20.0%.
  • The operating margin was approximately EUR 1.2 million (2016: 0.9), which shows an increase of 27.1%.
  • The operating profit was EUR 487 thousand (2016: 306), increasing by 59.2%; the operating profit was affected by increased write-offs related to acquisitions, in accordance with IFRS 3, resulting in a decrease of EUR 507 thousand (2016: 455).
  • The actions for improving effectiveness of operations, related to the Lumagate companies, have had the desired effect of improving net sales, operating margin and cash flow as of March 2017, even though the actions resulted in extra costs for March.
  • Innofactor received several significant orders during the first quarter of the year and in April. For example, the Unemployment Insurance Fund (TVR) for approximately EUR 1.0 million, the Hospital District of Helsinki and Uusimaa (HUS) for approximately EUR 1.8 million, and IF Metall (in Sweden) for approximately EUR 0.6-4 million.

Investor Relations

Patrik Pehrsson
CFO
patrik.pehrsson@innofactor.com
+358 50 529 2170