Finland · Delayed Price · Currency is EUR Talenom Oyj Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw 4.5% net sales growth to EUR 30.3 million, led by Finland and Spain, while EBITDA margin was 18%. The Easor demerger was completed, enabling strategic focus and software neutrality. Profitability improvement is targeted in Sweden and Spain, with guidance unchanged.
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Following the Easor demerger, the company is focused on service-driven growth in Finland, Sweden, and Spain, leveraging the One Talenom concept and AI to enhance productivity and client value. 2026 guidance targets EUR 110–120m net sales and improved profitability, especially in Sweden and Spain.
Fiscal Year 2025
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Demerger with Easor completed, enabling focus on core service business in Finland, Sweden, and Spain. 2025 saw modest revenue and EBITDA growth, with Spain leading in segment growth and Sweden targeted for profitability in 2026.
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Q3 saw 2.4% net sales growth, strong cash flow, and robust expansion in Spain, while Sweden faced revenue decline due to churn. Easor software's separation advances, targeting rapid growth amid digitalization trends and regulatory changes, especially in Spain.
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Q2 net sales rose 3.1% year-over-year, led by Finland and Spain, with EBITDA up 1.2% to nearly EUR 10 million. The software business launched the Easor brand, and guidance for 2024 remains unchanged, with further growth expected from digitalization and acquisitions.
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Net sales grew 5% to EUR 36 million, with EBITDA up 12.5% and strong growth in Finland offsetting declines in Sweden. The software business was separated and reported high profitability, while guidance for the year remains unchanged.
Fiscal Year 2024
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Net sales grew 4% to EUR 126 million, with EBITDA up 9%, driven by Spain and Finland. Economic slowdowns in Finland and Sweden impacted growth, but software investments and digitalization in Spain offer strong future prospects.
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Revenue grew 5.5% year-over-year to EUR 97 million, with EBITDA up 15.5% to EUR 29 million, driven by profitability improvements in Finland and Spain. Updated strategy separates the software business, targets scalable growth, and expects EUR 3 million in annual cost savings.
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Profitability improved as planned, with group revenue up 6.7% and EBITDA margin rising to 29%. Economic downturn in Finland and Sweden slowed growth, but Spain saw strong expansion and positive EBITDA. Guidance remains unchanged, with a focus on organic growth and digitalization.