Talenom Oyj · OMXHEX:TNOM
Talenom Oyj — Q1 2026 Earnings Presentation
32 slides from Talenom Oyj's earnings presentation, May 6, 2026
Slide 1: Business review Q1 2026
Business review Q1 2026 CEO Juho Ahosola and CFO Matti Säkkinen Talenom Plc 6 May 2026
Slide 2: Juho Ahosola Matti Säkkinen
Juho Ahosola Matti Säkkinen Chief Executive Officer CFO juho.ahosola@talenom.fi matti.sakkinen@talenom.fi +358 50 525 6043 +358 41 433 8544
Slide 3: Content
Content • Talenom overview & strategy recap • Review period in brief • Financial performance • Outlook and guidance • Q&A
Slide 4: Talenom overview & strategy recap
Talenom overview & strategy recap
Slide 5: Separation of Easor software business has been completed
Separation of Easor software business into an independent publicly listed company has been completed Talenom Plc initiates a strategic review of the potential separation of the Easor software business into an independent publicly listed Extraordinary General Meeting Accounting business company The d
Slide 6: Demerger and its strategic background
Demerger and its 1) Both companies can operate from software perspective more flexibly and grow faster because: strategic background • Easor can acquire customers through other accounting firms, and • Talenom is no longer dependent on a single software. We use the best solutions available to meet ou
Slide 7: Talenom at glance
Talenom at glance Talenom is a modern provider of financial management services. We help entrepreneurs succeed through a comprehensive range of accounting, payroll, and consulting services. We operate in Finland, Sweden, and Spain, and grow both organically and through strategic acquisitions. Taleno
Slide 8: Talenom overview: Operating areas and organizational structure
Talenom overview: Operating Sweden Finland areas and organizational structure Net sales 21 MEUR Net sales 70 MEUR FTE FTE 233 704 Offices Offices Operating areas 28 27 • Operating in Finland (since 1972), Sweden (since 2019) and Spain (since 2021). • 1,235 employees in 72 offices. • We are not pursu
Slide 9: We support our clients with a comprehensive offering
We support our clients with a comprehensive Value-added services offering – tailored to Group accounting & their specific needs reporting CFO & Financial manager services Legal Reporting services Core services development Industry-focused Accounting services solutions for selected Payroll services i
Slide 10: Markets: Significant market potential in our operating countries
Markets: Significant market potential in our operating countries Talenom’s very small market share in a very large market • The accounting services market in Europe is highly fragmented. Talenom’s Talenom’s relatively big relatively market share • Rising regulatory demands in very small market share
Slide 11: Key elements and focus areas of the strategy
Key elements and focus areas of the strategy
Slide 12: 1. ONE Talenom concept
1. ONE Talenom concept • ONE Talenom – A Unified Way to Lead, Serve and Grow • We have decades of experience in developing processes and best practices. • ONE Talenom leverages these best practices ‒ our leadership models, processes, use of digitalization and automation, and the ways we build excell
Slide 13: 2. M&A strategy
2. M&A strategy 1. We have learned a lot • Our recent years of experience have shown what works: we acquire firms that want to integrate fully into Talenom and believe in the ONE Talenom model. 2. Selective approach with a shared vision Selective • We are transparent about our strategy and expectati
Slide 14: 3. Organic growth
3. Organic growth 1. Acquisition of new customers 2. Growing existing customer relationships • We have dedicated sales and marketing organizations in every country – something that • We offer consulting, broader service packages, is not typical in our industry. advisory services, HR services and oth
Slide 15: Q1 2026 in brief
TALENOM Q1 2026 in brief
Slide 16: Q1 2026 highlights
Q1 2026 highlights • The partial demerger has been completed, and we can focus on developing the new Talenom as an independent financial management service company. • During the review period, we continued implementing the One Talenom concept in all operating countries as well as country-specific gr
Slide 17: 2026 strategic priorities
2026 strategic priorities 01. 02. 03. Implementation of the new Improving profitability in Implementing the growth strategy in all operating Sweden and Spain strategy in all operating countries countries • Adjusting resources in • Operations to commence as relation to business • Focus on organic gro
Slide 18: Strategy progress Q1/2026
Strategy progress Q1/2026 • We continued systematic work with the ONE Talenom concept 01. across all our operating countries, and the strategy implementation is progressing as planned. Notably, both Implementation of the new strategy in employee satisfaction and customer satisfaction improved well i
Slide 19: Strategy progress Q1/2026
Strategy progress Q1/2026 • Sweden: Profitability improved slightly during the period, and we continue targeted actions to further strengthen profitability. 01. • Spain: Profitability was weak due to integration-related costs, Implementation of the new strategy in increased investments in sales and
Slide 20: Strategy progress Q1/2026
Strategy progress Q1/2026 • We continued work on our growth strategies across all countries. We believe that a broader software offering will, over time, open 01. up significant growth potential. Implementation of the new strategy in • The challenging market conditions in Finland are expected to all
Slide 21: Q1 2026 financial highlights
Q1 2026 financial highlights (continuing operations) Comparable net sales grew, driven Comparable EBITDA close to Comparable operating profit decreased by Finland and Spain comparison period’s level Comparable net sales Q1 (EUR million) Comparable EBITDA Q1 (EUR million) Comparable operating profit
Slide 22: Finances
TALENOM Finances
Slide 23: The Group's comparable net sales development
The Group’s comparable net sales development (continuing operations) Comparable net sales Q1 (EUR million) +4.5% 30 • Net sales growth was supported 29.0 30.3 by organic growth in Finland and acquisition-driven growth in Spain. 20 • The Swedish business slowed down growth, with net sales 10 remainin
Slide 24: The Group's comparable EBITDA development
The Group’s comparable EBITDA development (continuing operations) Comparable EBITDA Q1 (EUR million) -2.8% 6 • Development in Finland and Sweden had a positive impact 5.6 5.5 on profitability in EUR. 4 19.4% 18.0% • The development in Spain had a negative impact on profitability. 2 0 Q1/2025 Q1/2026
Slide 25: The Group's comparable operating profit development
The Group’s comparable operating profit development (continuing operations) Comparable operating profit Q1 (EUR million) -13.7% 2,5 • Comparable operating profit 2 2.3 decreased compared to the 2.0 comparison period 1,5 7.9% 6.5% • In addition to lower EBITDA, 1 depreciation and amortisation increas
Slide 26: Business development in Finland
Business development in Finland (continuing operations) Comparable net sales Q1 (EUR million) Comparable EBITDA Q1 (EUR million) +1.6% 25 +3.7% 6 5.8 5.9 20 19.5 20.2 4 29.8% 29.2% 15 10 2 5 0 0 01/2025 Q1/2026 Q1/2025 Q1/2026 • The growth was entirely organic. • The comparable EBITDA improved due t
Slide 27: Business development in Sweden
Business development in Sweden (continuing operations) Comparable net sales Q1 (EUR million) Comparable EBITDA Q1 (EUR million) -8.9% 0,0 Q1/2025 Q1/2026 6 6.0 -2.5% 5.4 -0,1 4 -0,1 2 -3.0% -0,2 0 -0,2 Q1/2025 Q1/2026 +23.8% • In Sweden, net sales decreased due to high • Profitability was burdened b
Slide 28: Business development in Spain
Business development in Spain (continuing operations) Comparable net sales Q1 (EUR million) Comparable EBITDA Q1 (EUR million) -0.01 6 0 +31.8% Q1/2025 Q1/2026 -0,1 -0.2% 4 4,6 3,5 -0,2 -6.5% 2 -0,3 -0,3 0 -0,4 Q1/2025 Q1/2026 -3535.1% • Spain's growth was the strongest among our • Comparable EBITDA
Slide 29: Outlook and guidance
TALENOM Outlook and guidance
Slide 30: Outlook and guidance 2026
Outlook and guidance 2026 (continuing operations) Guidance unchanged (published 16 December 2025) • Net sales around EUR 110–120 million • Comparable EBITDA around EUR 18–22 million Background for the guidance Talenom expects demand in the accounting services market to remain stable in all of the Co
Slide 31: Q&A
TALENOM Q&A
Slide 32: Thank you!
Thank you! Juho Ahosola, CEO Matti Säkkinen, CFO juho.ahosola@talenom.fi matti.sakkinen@talenom.fi +358 50 525 6043 +358 41 433 8544