Sweden · Delayed Price · Currency is SEK Formpipe Software AB Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw strong margin improvements, with adjusted EBIT at 19% and EBITDA at 26%, driven by cost savings and a focus on SaaS growth. ARR reached SEK 228 million, and over 90% of revenue is recurring, supporting stable cash flow.
Fiscal Year 2025
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Q4 2025 saw improved profitability and margin gains from restructuring, with net sales up slightly and recurring revenue at 91%. The divestment of the Public sector business enables a SEK 760 million payout to shareholders, while the company shifts focus to organic growth and rebranding as Lasernet Group.
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Q3 saw strong revenue and margin growth, driven by Lasernet's 13% organic sales increase and 21% EBITDA margin. The public segment divestment is nearing completion, with proceeds to support future expansion and capital allocation decisions to be detailed at the capital markets day.
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Q2 saw net sales rise to SEK 140 million and EBIT to SEK 12 million (excluding SEK 10 million in divestment costs), with the public division divested for SEK 775 million. Focus shifts to Lasernet, which showed stable recurring revenue and plans for further investment and growth.
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A divestment of the public business area for up to SEK 850 million will allow a full focus on the fast-growing Lasernet business, which now represents a highly scalable, SaaS-driven operation with strong recurring revenue growth. Shareholders are set to receive a substantial distribution from the proceeds.
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Q1 2025 delivered strong revenue and margin growth, with recurring revenues surpassing 80% and cost reductions boosting profitability. LaserNet and public segments both expanded, while the company remains focused on cost control and measured investments.
Fiscal Year 2024
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Q4 2024 saw 27% SaaS revenue growth and 3% higher net sales, with recurring revenue now over 80% of total. EBIT fell to SEK 7 million (excluding one-offs), but strong ACV and delivery momentum support a positive outlook as cost calibration and product innovation continue.
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Net sales grew to SEK 130 million with recurring revenue surpassing 80% of sales and SaaS revenue up 30% year-over-year. EBIT margin improved despite one-off costs, and new Lasernet product tiers are expected to drive future growth.
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Net sales declined due to a large Danish contract, but recurring revenues grew strongly, now covering over 80% of total revenue. Private sector SaaS and banking segments showed robust growth, while public sector delivery revenues fell. Product portfolio consolidation and new offerings are expected to drive future upsell and efficiency gains.