Unofficial translation of the company release on December 12, 2024 at 10:10 p.m. EET. In case the document differs from the original, the Finnish version prevails.
nAdmicom Oyj (”Admicom”) specifies its 2024 financial guidance. Admicom has on 12 December, 2024 completed the acquisition of Bauhub Oü which was announced on 3 December, 2024. The adjustment of the guidance is related to the impact of the acquisition on Admicom’s Annual Recurring Revenue (ARR) growth. Financial guidance related to total revenue and adjusted EBITDA remains unchanged.
New financial guidance for 2024 (as of 12 December, 2024)
nAnnual Recurring Revenue (ARR) is expected to grow in 2024 by 8-11%. ARR in 2023 was 32.5 million euros.
nTotal revenue is expected to grow from 2023 level. Total revenue in 2023 was 34.3 million euros.
nAdjusted EBITDA is expected to be 32-37% of revenue.
nPrevious financial guidance for 2024:
nAnnual Recurring Revenue (ARR) is expected to grow in 2024 by 5-10%. ARR in 2023 was 32.5 million euros.
nTotal revenue is expected to grow from 2023 level. Total revenue in 2023 was 34.3 million euros.
nAdjusted EBITDA is expected to be 32-37% of revenue.
nAdmicom Oyj
nAdditional information:
nSatu Helamo
Interim CEO
satu.helamo@admicom.com
+358 45 633 7710
Certified advisor:
Oaklins Finland Ltd
+358 09 612 9670
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