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Slide 2: Financial Statement Release 1 January - 31 December 2024
2 Financial Statement Release 1 January - 31 December 2024 Julius Manni, CEO Kimmo Kärkkäinen, CFO
Slide 3: Julius Manni, Chief Executive Officer
3 Julius Manni Chief Executive Officer
Slide 4: Financial Year 2024: Revenue and profitability declined
4 FINANCIAL YEAR 2024 01. 02. 03. Revenue and Adapting to challenging Sharpened offering & profitability declined market conditions customer focus ● Revenue was EUR 84.6 million ● Group level cost cutting ● Clarified strategy to build on (98.1), a decline of -13.7% y/y measures through operational c
Slide 5: Turning digital into business results
Turning digital into business results We strive to be the most trusted digital business partner, combining leading platforms and tailored solutions – with our distinct design-driven approach. Drive growth and Enable smarter Create competitiveness with Build fit-for-purpose customer experience with b
Slide 6: Selected strategic customer cases
SELECTED STRATEGIC CUSTOMER CASES Edilex AI-tool for harnessing generative AI for fast Modernization of Schetelig Group key processes with and accurate legal information searches a cloud-based SAP solution in three steps “ This project has been extremely rewarding. The whole team shares the same vis
Slide 7: Vincit Leadership Team
VINCIT LEADERSHIP TEAM JULIUS MIKA JENS MARI ANSSI KIMMO PETRA MANNI IMMO KROGELL KUHA KUUTTI KÄRKKÄINEN SIEVINEN Chief Executive Chief Revenue Vincit Nordics Chief People Vincit USA Chief Financial Chief Marketing & Officer Officer Officer Officer Communications Starting March 3, 2025 Officer
Slide 8: Cyber attack - overview of the incident
8 CYBER ATTACK - OVERVIEW OF THE INCIDENT What Immediate New reality of happened actions cyber threats ● In December, Vincit became ● Permanently discontinuing the ● Our ongoing investments in part of a professional cyber use of the affected VPN solution. security will be further attack due to VPN c
Slide 9: The Numbers
9 THE NUMBERS 1 October–31 December 2024 1 January–31 December 2024
Slide 10: Yearly revenue & profitability development
10 YEARLY REVENUE & PROFITABILITY DEVELOPMENT 100.5 98.1 100.0 88.6 25.0% 84.6 80.0 20.0% 60.0 15.0% 40.0 10.0% 10.1% 20.0 5.0% 6.4% 0.9% 3.8% 3.8% 0.0 0.0 2021 2022 2023 2024 BILOT VINCIT Adjusted EBITA % Revenue (M€)
Slide 11: Quarterly revenue & profitability development
11 QUARTERLY REVENUE & PROFITABILITY DEVELOPMENT Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2023 2023 2023 2023 2024 2024 2024 2024 50.0 -8.9% 40.0 27.8 25.0 23.6 30.0 23.0 Revenue (EURm) 21.7 21.7 18.4 21.5 20.0 10.0 3.2% 4.4% 9.4% 6.7% -0.2% -1.2% -1.6% -1.9% 0.0 Revenue Adjusted EBITA %
Slide 12: Business areas
BUSINESS AREAS Service business 10-12/ 10-12/ Change 1-12/ 1-12/ Change 2024 2023 2024 2023 Revenue (EURm) 20.7 22.8 -9.2% 81.5 95.1 -14.3% Adjusted EBITA -0.3 0.3 -199.2% 1.1 4.1 -73.3% % of revenue -1.4% 1.3% 1.3% 4.3% Product business 10-12/ 10-12/ Change 1-12/ 1-12/ Change 2024 2023 2024 2023 Re
Slide 13: Service business: Nordics & USA
SERVICE BUSINESS: NORDICS & USA Vincit Nordics 10-12/ 10-12/ Change 1-12/ 1-12/ Change 2024 2023 2024 2023 Revenue (EURm) 19.0 20.6 -7.9% 74.0 84.7 -12.6% Adjusted EBITA 0.0 0.6 -98.2% 1.9 4.1 -53.6% % of revenue 0.1% 2.7% 2.5% 4.8% Vincit USA 10-12/ 10-12/ Change 1-12/ 1-12/ Change 2024 2023 2024 2
Slide 14: Vincit Nordics quarterly development
VINCIT NORDICS QUARTERLY DEVELOPMENT Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2023 2023 2023 2023 2024 2024 2024 2024 Revenue Adjusted EBITA %
Slide 15: Vincit USA quarterly development
VINCIT USA QUARTERLY DEVELOPMENT Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2023 2023 2023 2023 2024 2024 2024 2024 Revenue Adjusted EBITA %
Slide 16: Key balance sheet figures
17 KEY BALANCE SHEET FIGURES 31. Dec. 2024 31 Dec. 2023 ➔The balance sheet total at the end of the financial year was Cash & cash equivalents, M€ 9.2 12.2 EUR 47.8 million (Dec. 31, 2023: 57.0). ➔Cash flow from operating activities after paid interest Interest bearing, net debt, M€ 0.07 0.1 and dire
Slide 17: Dividend proposal
18 DIVIDEND PROPOSAL • Dividend policy: to distribute at least 30 % of the profit for the financial period as dividends • Distributable funds: EUR 29.1 million • Vincit’s earnings per share was EUR -0.22 (- 0.17) • Dividend proposal: EUR 0.11 (0.10) per share, in total EUR 1.8 million to be paid as
Slide 18: Financial targets 2025 - 2027
19 FINANCIAL TARGETS 2025 - 2027 Back to organic Stabilize revenue growth Adjusted EBITA the business of 10% margin of 10% 2025 2026 - 2027 BY 2027 THROUGHOUT THE YEARS ● Strengthen business areas through acquisitions ● Equity ratio above 50 % ● Net debt-to-EBITDA ratio below two ● Distribute at lea
Slide 19: Outlook 2025
20 OUTLOOK 2025 Revenue in 2025 is expected to be lower than in 2024, but relative profitability is expected to improve year-on-year.
Slide 20: Q&A
21 Q&A
Slide 21: Thank you
22 THANK YOU