Innofactor Oyj - Inside information

Innofactor updates its long-term financial goals

Innofactor Plc Stock Exchange Release October 31, 2017, at 8:50 Finnish time
 

Realizing common Nordic operating models and systems is slower than expected. The transition phase was seen in the third quarter of 2017 in the form of an unexpected negative operating margin, which was announced October 13, 2017. We still believe that 20 percent growth, of which majority is organic, as well as 20 percent operating margin in the long term shall be achieved. However, at this point, we do not expect this to happen by 2020.

Innofactor's long-term financial goal has earlier been to grow profitably:

• by achieving annual organic growth of about 20 percent by 2020
• by achieving about 20 percent EBITDA in relation to the net sales by 2020
• by keeping the cash flow positive and securing solid financial standing in all situations

Going forward, Innofactor's long-term financial goal is to grow profitably:

• by achieving annual growth of about 20 percent, of which majority is intended to be achieved by organic growth
• by achieving about 20 percent EBITDA in relation to the net sales
• by keeping the cash flow positive and securing solid financial standing in all situations
   

Espoo, October 31, 2017

INNOFACTOR PLC

Board of Directors

Additional information:
Sami Ensio, CEO
Innofactor Plc
Tel. +358 50 584 2029

Distribution:
NASDAQ Helsinki
Main media
www.innofactor.com

Innofactor
Innofactor is a leading Nordic provider of digitalization and cloud solutions. Innofactor has Microsoft Ecosystem’s leading expertise and the most comprehensive offering in the Nordics. Innofactor has over 600 eager and motivated top professionals in Finland, Sweden, Denmark and Norway. Innofactor serves over 1,500 commercial, public, and third sector organizations. In 2012 to 2016, the annual growth of Innofactor’s net sales has been approximately 28%. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ Helsinki Ltd. www.innofactor.com