Lemonsoft Q2 sales rise on SaaS growth; lowers 2026 outlook
Lemonsoft Q2 sales rise on SaaS growth; lowers 2026 outlook
Overview
Finland ERP software provider's Q2 net sales rose 5.4% yr/yr, driven by SaaS growth
Adjusted EBIT margin improved to 21.1% after organizational changes and product development efficiency
Company lowered 2026 revenue growth forecast to -1% to 5% after Finvoicer sale
Outlook
Lemonsoft sees 2026 net sales rising by -1% to 5% versus 2025
Company expects 2026 adjusted EBIT margin of 23-29% of net sales
Company expects improved sales activity to support deal flow in H2 2026
Result Drivers
SAAS GROWTH - SaaS income rose 12.4% yr/yr and made up 79.8% of net sales
ORGANIZATIONAL CHANGES - Adjusted EBIT margin improved by 5.1 percentage points following organizational changes in spring 2025
ACQUISITION IMPACT - Net sales were increased by the acquisition of Jakamo Oy completed in early March 2026
Company press release: ID:nMFN83TsFG
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales |
| EUR 7.80 mln |
|
Q2 EPS |
| EUR 0.06 |
|
Q2 Adjusted EBITDA |
| EUR 1.99 mln |
|
Q2 Adjusted EBIT |
| EUR 1.65 mln |
|
Q2 EBIT |
| EUR 1.36 mln |
|
Q2 EBITDA |
| EUR 1.99 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 €5.40, about 30.1% above its August 13 closing price of €4.15
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 13 three months ago
Reuters Recommended Reads
Aug 14 - Sweden's Oneflow Q2 sales rise on customer retention
Aug 13 - Germany's NFON cuts 2026 outlook amid cautious customer spending; prelim H1 revenue falls
Aug 14 - Sweden's Nepa Q2 ARR rises on underlying subscription revenue
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.)