Talenom Oyj

Talenom Plc released its financial statement for 2024, reporting moderate net sales growth and improved EBITDA. The company experienced a 3.7% increase in net sales, reaching EUR 126.2 million, while EBITDA improved to EUR 34.8 million. The challenging economic environment, particularly in Finland and Sweden, impacted growth, though Spain showed positive economic conditions. Talenom's strategy involves focusing on its core accounting services and software business, with the software business now operating as a separate entity. For 2025, Talenom forecasts net sales between EUR 130-140 million and EBITDA of EUR 36-42 million. The company aims to enhance profitability in Sweden and leverage opportunities in Spain, while reducing investments in its systems. The Board of Directors proposes a maximum dividend of EUR 0.20 per share. CEO Otto-Pekka Huhtala and CFO Matti Eilonen will discuss the release in a webcast. Talenom, an accounting firm established in 1972, aims to support entrepreneurs with digital tools and automated services. The company is listed on Nasdaq Helsinki.

Talenom Plc announced that it will release its Financial Statements for 2024 on Thursday, January 30, 2025, at approximately 9:00 EET. The CEO, Otto-Pekka Huhtala, and CFO, Matti Eilonen, will present key highlights in a live webcast on the same day, at 10:00 EET in Finnish and 12:00 EET in English. Recordings and presentation materials will be available on Talenom's website. The briefing can also be attended in person at Sanoma House in Helsinki, with registration required by January 28, 2025. Talenom, an accounting firm founded in 1972, aims to support entrepreneurs with digital tools and services, and has shown strong growth with net sales of approximately EUR 122 million in 2023. The company is listed on Nasdaq Helsinki.

Talenom Plc announced its financial reporting schedule and Annual General Meeting (AGM) for 2025. Financial reports will be accessible on their website immediately after release, with a silent period observed before publication. The AGM is planned for March 19, 2025, with a formal summons to be issued later by the Board of Directors. Talenom, an accounting firm founded in 1972, aims to support entrepreneurs with digital tools and automated services. The company has experienced strong growth, with an average annual net sales increase of 17% from 2005 to 2023, reaching approximately EUR 122 million in 2023. Talenom employs 1,560 people across Finland, Sweden, Spain, and Italy, and its shares are listed on Nasdaq Helsinki.

Talenom Plc has provided its financial guidance for 2025, projecting net sales of EUR 130–140 million and EBITDA of EUR 36–42 million. The company anticipates stable demand in the accounting services market across its operational regions. Market conditions in Finland and Sweden are expected to remain unchanged in the first half of 2025, with improvement anticipated in the latter half. The guidance accounts for organic growth and potential acquisitions throughout the year, with industry consolidation likely to continue due to digital advancements and stricter electronic financial management legislation. Talenom aims to enhance profitability through standardized processes and automation. The company, founded in 1972, focuses on providing digital accounting tools and services to support entrepreneurs. It has experienced strong growth, with an average annual net sales increase of 17% from 2005 to 2023. In 2023, Talenom reported net sales of approximately EUR 122 million and employed 1,560 people across Finland, Sweden, Spain, and Italy. Talenom is listed on the Nasdaq Helsinki Main Market.

Talenom Plc has concluded its change negotiations, initially announced on October 9, 2024, due to a new strategy and the planned separation of its software business. The negotiations involved around 180 employees in Finland and were expected to result in up to 35 job terminations. The company aimed for annual savings of EUR 2-3 million through reorganization. Following the negotiations, Talenom projects savings of approximately EUR 2.3 million in 2025, primarily affecting future software investments and improving cash flow. The process led to the termination of 21 permanent jobs, non-renewal of fixed-term contracts, and phased reduction of subcontracting in 2025. One-off costs related to the negotiations are estimated at EUR 0.3 million, to be accounted for in the fourth quarter of 2024. Talenom, an accounting firm established in 1972, aims to support entrepreneurs with digital tools and services. The company had a strong growth history with average annual revenue growth of 17% from 2005 to 2023, and reported revenue of EUR 122 million in 2023. Talenom employs 1,560 people across Finland, Sweden, Spain, and Italy, and its shares are listed on Nasdaq Helsinki.

Talenom Plc announced the sale of its Finnish debt collection business to Svea Bank AB, effective December 1, 2024. This decision aligns with Talenom's updated strategy to concentrate on core competencies by outsourcing non-accounting services. The divested business has an annual net sales of approximately EUR 0.5 million. Talenom's CEO, Otto-Pekka Huhtala, stated that the sale allows Talenom to focus on its strengths while providing customers access to enhanced debt collection services through Svea. Svea's Country Manager, Pasi Väre, noted that the transaction was straightforward due to the existing partnership between the companies. Talenom is confident that customers will continue to receive professional services from Svea, a leader in the debt collection industry. Talenom, an accounting firm established in 1972, is known for its digital tools and automated services, with a history of strong growth and revenue of EUR 122 million in 2023. The company is listed on Nasdaq Helsinki.

Sampsa Laine, a member of Talenom Plc's Board of Directors since 2020, will resign from his position on November 30, 2024, due to his new role as CEO of Alisa Bank Plc starting December 1, 2024. Talenom and Alisa Bank have been collaborating since 2022, providing banking and financial services to companies utilizing Talenom's financial management services. Harri Tahkola, Chairman of Talenom's Board, expressed gratitude for Laine's contributions and hopes for continued cooperation with Alisa Bank. After Laine's resignation, Talenom's Board will have six members. Talenom is an accounting firm founded in 1972, known for its digital tools and automated services, with a strong growth history and operations in Finland, Sweden, Spain, and Italy. Its shares are listed on Nasdaq Helsinki.

Talenom Plc released its business review for January-September 2024, highlighting an updated strategy amid a challenging economic environment that affected growth but improved profitability. The company projected 2024 net sales of EUR 126-129 million, EBITDA of EUR 34-37 million, and operating profit of EUR 11-14 million. CEO Otto-Pekka Huhtala noted the focus on improving profitability and advancing a software project in Sweden, where 40% of customers have migrated to Talenom's platform. The company reported a 5.4% increase in net sales to EUR 97.0 million, with significant profitability improvements. Talenom aims to continue growth in Spain and improve profitability in Sweden. The updated strategy includes potential job reductions and aims for annual savings of EUR 2-3 million. The company plans to enhance its software and accounting services under the ONE Talenom concept, emphasizing its role as a financial partner for SMEs. A webcast presentation of the review and strategy update is scheduled for 31 October 2024. Talenom, founded in 1972, is an accounting firm with a history of strong growth and operations in Finland, Sweden, Spain, and Italy. Its shares are listed on Nasdaq Helsinki.

Talenom Plc will release its Business Review for January-September 2024 on October 31, 2024, at around 9:00 EET. CEO Otto-Pekka Huhtala, CFO Matti Eilonen, and Sweden Country Manager Christian Dieroff will present the review and updated strategy in a live webcast on the same day at 10:00 EET in Finnish and 12:30 EET in English. Recordings will be available on Talenom's website. Registration for the event is required by October 28, 2024. Talenom, an accounting firm established in 1972, aims to support entrepreneurs with digital tools and services. The company has shown strong growth, with net sales of approximately EUR 122 million in 2023 and 1,560 employees across Finland, Sweden, Spain, and Italy. Talenom's shares are listed on Nasdaq Helsinki.

Talenom Plc announced plans to separate its software business into a new company as part of a strategy update aimed at accelerating scalable growth. The company believes its competitive advantage lies in simplifying entrepreneurs' lives, automating accounting routines, and its operating model focused on customer care. The updated strategy involves selling the software as a separate product, which has shown potential for scalable growth, and allowing the service business to use commercial software for larger clients. Talenom's software business in Finland is estimated to generate EUR 15-20 million in net sales, with expansion underway in Sweden and Spain. Change negotiations will be initiated, affecting around 180 employees in Finland, potentially leading to up to 35 job terminations, with expected savings of EUR 2-3 million annually. Further details will be shared in the Q3 earnings release on 31 October 2024. Talenom, established in 1972, is an accounting firm focused on providing digital tools and automated services, with a strong growth history and presence in Finland, Sweden, Spain, and Italy.