Finland's Lemonsoft Q1 adjusted EBITDA rises 11.3%, helped by SaaS growth

Lemonsoft Oyj

29/04/2026 08:09

Overview

Finland ERP software firm's Q1 net sales fell 1.1% yr/yr as consulting and transaction revenue declined

Adjusted EBIT for Q1 rose 10.6% yr/yr, with adjusted EBITDA up 11.3%

Company completed Jakamo Oy acquisition, expanding supply chain management capabilities

Outlook

Lemonsoft expects 2026 net sales to rise 5-13% from 2025

Company sees 2026 adjusted EBIT at 23-29% of net sales

Lemonsoft says industrial market is showing signs of recovery but notes risks from geopolitical developments and oil price fluctuations

Result Drivers

SAAS GROWTH - SaaS income rose 7% yr/yr and made up a larger share of total net sales

CONSULTING AND TRANSACTION REVENUE DECLINE - Consulting and other income fell 27.2% and transaction income dropped 19% yr/yr

JAKAMO ACQUISITION - Net sales were increased by the acquisition of Jakamo Oy completed in early March 2026

Company press release: ID:nMFN9BbPRD

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
EUR 7.50 mln
Q1 EPS
EUR 0.06
Q1 Adjusted EBITDA
EUR 2.25 mln
Q1 Adjusted EBIT
EUR 1.94 mln
Q1 EBIT
EUR 1.53 mln
Q1 EBITDA
EUR 2.10 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Lemonsoft Oyj is €6.50, about 35.4% above its April 28 closing price of €4.80

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)