Skip to content
Innofactor puzzle.

Innofactor

Nordic digital transformation and cloud solutions provider

Company
Equity Research
Financials
Video
Company publications
Shareholders
Share price
Disclaimer

Overview

Innofactor provides software products and solutions to commercial, public sector, and membership-based organizations in the Nordic countries. It specializes in Microsoft-based cloud solutions and digital transformation. Innofactor has operations in Finland, Sweden, Denmark, and Norway.
Innofactor has been showing promising performance after a history of a few years of subpar performance, caused primarily by integration issues relating to its pan-Nordic platform. Focus in the near-term should still remain on actions to improve margins and sorting out challenges and capitalizing on its good order backlog. Good traction for Microsoft's enterprise solutions supports growth outlook going forward.

Financial overview

Equity research

Innofactor puzzle.
Innofactor logo
Innofactor - Favourable offer received

A tender offer was made for Innofactor’s shares, with the offer price set at EUR 1.68, which we consider favourable for shareholders in the current, more challenging market situation. 

Company update |
Innofactor puzzle.
Innofactor logo
Innofactor - Burdened by one-offs

Innofactor’s Q2 profitability was weak, although mostly due to one-offs. The profitability guidance currently appears challenging due to Q2, but we continue to expect rather good H2 figures.

Company update |
Innofactor puzzle.
Innofactor logo
Innofactor - A weaker quarter

Innofactor’s Q2 results fell below our expectations both due to a minor net sales decline and one-off legal expenses. Net sales declined ~1% y/y to EUR 19.9m (Evli EUR 20.9m) while EBITDA amounted to EUR 0.6m (Evli EUR 2.1m). EBITDA included legal expenses of EUR 0.75m, without which EBITDA would have been EUR 1.4m (~7% of net sales).

Earnings Flash |
Innofactor puzzle.
Innofactor logo
Innofactor - Holding firm in challenging market
Innofactor’s Q1 was in line with expectations. We continued to expect modest growth in sales and EBITDA while eyeing improvements in new sales.
Company update |
Innofactor puzzle.
Innofactor logo
Innofactor - In line with our expectations
Innofactor’s Q1 results were well in line with our expectations. Net sales were up ~5% y/y to EUR 21.2m (Evli EUR 21.0m) while EBITDA amounted to EUR 2.6m (Evli EUR 2.6m). Guidance for 2024 reiterated: Innofactor’s net sales and EBITDA are expected to increase compared with 2023.
Earnings Flash |
Innofactor puzzle.
Innofactor logo
Innofactor - Growth pace uncertainty
Innofactor’s Q4 was in line with expectations. Continued uncertainty reduces visibility going into 2024 but good potential remains. We adjust our TP to EUR 1.5 (1.4), BUY-rating intact.
Company update |
Innofactor puzzle.
Innofactor logo
Innofactor - Year-end quite as expected
Innofactor’s Q4 results were rather good and quite as expected. Net sales were up ~7% y/y to EUR 21.9m (Evli EUR 2.1m). EBITDA was in line with our expectations at EUR 2.9m (Evli EUR 2.9m). Guidance for 2024: Innofactor’s net sales and EBITDA are expected to increase compared with 2023. Dividend proposal EUR 0.07 per share (Evli EUR 0.07)
Earnings Flash |
Innofactor puzzle.
Innofactor logo
Innofactor- Good going, at least for now
Innofactor posted good Q3 results, in line with our estimates. The market situation continues to be challenging and remains the key concern going forward. We retain our BUY-rating with a target price of EUR 1.4 (1.5).
Company update |
Innofactor puzzle.
Innofactor logo
Innofactor - Good performance despite headwinds
Innofactor’s Q3 results were good and quite as expected despite market headwinds. Net sales were organically up 8% y/y to EUR 18.0m (Evli EUR 18.1m). EBITDA was slightly above expectations at EUR 2.0m (Evli EUR 1.8m). Guidance reiterated, Innofactor’s net sales and EBITDA in 2023 are expected to increase compared with 2022.
Earnings Flash |
Innofactor puzzle.
Innofactor logo
Innofactor - Ups and downs
Innofactor saw some challenges in Q2 but still reported rather decent results. Increased price competition remains a short-term threat, but financially, we expect improvements towards the end of the year.
Company update |

Annual financials

Quarterly financials

Assets

Equity and liabilities

Cashflow

Environment

Social

Governance

Annual and sustainability reports

Company news

Innofactor Plc Managers' Transactions, on October 28, 2024, at 9:30 Finnish time

Innofactor Oyj - Managers' Transactions

____________________________________________

Person subject to the notification requirement
Name: Onni Bidco Oy
Position: Closely associated person
(X) Legal person

(1):Person Discharging Managerial Responsibilities In Issuer
Name: Sami Ensio
Position: Chief Executive Officer

(2):Person Discharging Managerial Responsibilities In Issuer
Name: Antti Kummu
Position: Member of the Board

Issuer: Innofactor Oyj
LEI: 7437008OSKQFEDZYD835
Notification type: INITIAL NOTIFICATION
Reference number: 82449/4/4

____________________________________________

Transaction date: 2024-10-25
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI0009007637
Nature of transaction: ACQUISITION

Transaction details
(1): Volume: 35 Unit price: 1.68 EUR
(2): Volume: 1307 Unit price: 1.68 EUR
(3): Volume: 4172 Unit price: 1.68 EUR
(4): Volume: 1084 Unit price: 1.68 EUR
(5): Volume: 2420 Unit price: 1.68 EUR
(6): Volume: 1000 Unit price: 1.68 EUR

Aggregated transactions (6):
Volume: 10018 Volume weighted average price: 1.68 EUR

Espoo, October 28, 2024

INNOFACTOR PLC

Eija Theis, General Counsel

Additional information:
Eija Theis, General Counsel
Innofactor Plc
Tel. +358 44 343 4278
eija.theis@innofactor.com

Distribution:
NASDAQ Helsinki
Main media
www.innofactor.com

Innofactor
Innofactor is the leading driver of the modern digital organization in the Nordic Countries for its about 1,000 customers in commercial and public sector. Innofactor has the widest solution offering and leading know-how in the Microsoft ecosystem in the Nordics. Innofactor has about 600 enthusiastic and motivated top specialists in Finland, Sweden, Denmark and Norway. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ Helsinki Oy. www.innofactor.com
#ModernDigitalOrganization #PeopleFirst #CreatingSmiles #BeTheRealYou


Innofactor Plc Managers' Transactions, on October 25, 2024, at 9:30 Finnish time

Innofactor Oyj - Managers' Transactions

____________________________________________

Person subject to the notification requirement
Name: Onni Bidco Oy
Position: Closely associated person
(X) Legal person

(1):Person Discharging Managerial Responsibilities In Issuer
Name: Sami Ensio
Position: Chief Executive Officer

(2):Person Discharging Managerial Responsibilities In Issuer
Name: Antti Kummu
Position: Member of the Board

Issuer: Innofactor Oyj
LEI: 7437008OSKQFEDZYD835
Notification type: INITIAL NOTIFICATION
Reference number: 82330/4/4

____________________________________________

Transaction date: 2024-10-24
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI0009007637
Nature of transaction: ACQUISITION

Transaction details
(1): Volume: 1770 Unit price: 1.68 EUR
(2): Volume: 68 Unit price: 1.68 EUR

Aggregated transactions (2):
Volume: 1838 Volume weighted average price: 1.68 EUR

Espoo, October 25, 2024

INNOFACTOR PLC

Eija Theis, General Counsel

Additional information:
Eija Theis, General Counsel
Innofactor Plc
Tel. +358 44 343 4278
eija.theis@innofactor.com

Distribution:
NASDAQ Helsinki
Main media
www.innofactor.com

Innofactor
Innofactor is the leading driver of the modern digital organization in the Nordic Countries for its about 1,000 customers in commercial and public sector. Innofactor has the widest solution offering and leading know-how in the Microsoft ecosystem in the Nordics. Innofactor has about 600 enthusiastic and motivated top specialists in Finland, Sweden, Denmark and Norway. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ Helsinki Oy. www.innofactor.com
#ModernDigitalOrganization #PeopleFirst #CreatingSmiles #BeTheRealYou


Innofactor Plc Managers' Transactions, on October 24, 2024, at 9:30 Finnish time

Innofactor Oyj - Managers' Transactions

____________________________________________

Person subject to the notification requirement
Name: Onni Bidco Oy
Position: Closely associated person
(X) Legal person

(1):Person Discharging Managerial Responsibilities In Issuer
Name: Sami Ensio
Position: Chief Executive Officer

(2):Person Discharging Managerial Responsibilities In Issuer
Name: Antti Kummu
Position: Member of the Board

Issuer: Innofactor Oyj
LEI: 7437008OSKQFEDZYD835
Notification type: INITIAL NOTIFICATION
Reference number: 82149/5/4

____________________________________________

Transaction date: 2024-10-23
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI0009007637
Nature of transaction: ACQUISITION

Transaction details
(1): Volume: 592 Unit price: 1.68 EUR
(2): Volume: 68 Unit price: 1.68 EUR
(3): Volume: 15 Unit price: 1.68 EUR
(4): Volume: 79 Unit price: 1.68 EUR
(5): Volume: 247 Unit price: 1.68 EUR
(6): Volume: 1000 Unit price: 1.68 EUR

Aggregated transactions (6):
Volume: 2001 Volume weighted average price: 1.68 EUR

Espoo, October 24, 2024

INNOFACTOR PLC

Eija Theis, General Counsel

Additional information:
Eija Theis, General Counsel
Innofactor Plc
Tel. +358 44 343 4278
eija.theis@innofactor.com

Distribution:
NASDAQ Helsinki
Main media
www.innofactor.com

Innofactor
Innofactor is the leading driver of the modern digital organization in the Nordic Countries for its about 1,000 customers in commercial and public sector. Innofactor has the widest solution offering and leading know-how in the Microsoft ecosystem in the Nordics. Innofactor has about 600 enthusiastic and motivated top specialists in Finland, Sweden, Denmark and Norway. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ Helsinki Oy. www.innofactor.com
#ModernDigitalOrganization #PeopleFirst #CreatingSmiles #BeTheRealYou


Innofactor Plc Managers' Transactions, on October 23, 2024, at 9:30 Finnish time

Innofactor Oyj - Managers' Transactions

____________________________________________

Person subject to the notification requirement
Name: Onni Bidco Oy
Position: Closely associated person
(X) Legal person

(1):Person Discharging Managerial Responsibilities In Issuer
Name: Sami Ensio
Position: Chief Executive Officer

(2):Person Discharging Managerial Responsibilities In Issuer
Name: Antti Kummu
Position: Member of the Board

Issuer: Innofactor Oyj
LEI: 7437008OSKQFEDZYD835
Notification type: INITIAL NOTIFICATION
Reference number: 82068/4/4

____________________________________________

Transaction date: 2024-10-22
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI0009007637
Nature of transaction: ACQUISITION

Transaction details

(1): Volume: 20 Unit price: 1.68 EUR
(2): Volume: 50 Unit price: 1.68 EUR
(3): Volume: 10 Unit price: 1.68 EUR
(4): Volume: 1630 Unit price: 1.68 EUR
(5): Volume: 7522 Unit price: 1.68 EUR
(6): Volume: 360 Unit price: 1.68 EUR
(7): Volume: 333 Unit price: 1.68 EUR
(8): Volume: 129 Unit price: 1.68 EUR
(9): Volume: 75 Unit price: 1.68 EUR
(10): Volume: 869 Unit price: 1.68 EUR
(11): Volume: 205 Unit price: 1.68 EUR

Aggregated transactions (11):
Volume: 11203 Volume weighted average price: 1.68 EUR

Espoo, October 23, 2024

INNOFACTOR PLC

Eija Theis, General Counsel

Additional information:
Eija Theis, General Counsel
Innofactor Plc
Tel. +358 44 343 4278
eija.theis@innofactor.com

Distribution:
NASDAQ Helsinki
Main media
www.innofactor.com

Innofactor
Innofactor is the leading driver of the modern digital organization in the Nordic Countries for its about 1,000 customers in commercial and public sector. Innofactor has the widest solution offering and leading know-how in the Microsoft ecosystem in the Nordics. Innofactor has about 600 enthusiastic and motivated top specialists in Finland, Sweden, Denmark and Norway. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ Helsinki Oy. www.innofactor.com
#ModernDigitalOrganization #PeopleFirst #CreatingSmiles #BeTheRealYou


Innofactor Plc Managers' Transactions, on October 22, 2024, at 9:30 Finnish time

Innofactor Oyj - Managers' Transactions

____________________________________________

Person subject to the notification requirement
Name: Onni Bidco Oy
Position: Closely associated person
(X) Legal person

(1):Person Discharging Managerial Responsibilities In Issuer
Name: Sami Ensio
Position: Chief Executive Officer

(2):Person Discharging Managerial Responsibilities In Issuer
Name: Antti Kummu
Position: Member of the Board

Issuer: Innofactor Oyj
LEI: 7437008OSKQFEDZYD835
Notification type: INITIAL NOTIFICATION
Reference number: 81928/4/4

____________________________________________

Transaction date: 2024-10-21
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI0009007637
Nature of transaction: ACQUISITION

Transaction details
(1): Volume: 278 Unit price: 1.68 EUR
(2): Volume: 200 Unit price: 1.68 EUR
(3): Volume: 2 Unit price: 1.68 EUR
(4): Volume: 2967 Unit price: 1.68 EUR

Aggregated transactions (4):
Volume: 3447 Volume weighted average price: 1.68 EUR

Espoo, October 22, 2024

INNOFACTOR PLC

Eija Theis, General Counsel

Additional information:
Eija Theis, General Counsel
Innofactor Plc
Tel. +358 44 343 4278
eija.theis@innofactor.com

Distribution:
NASDAQ Helsinki
Main media
www.innofactor.com

Innofactor
Innofactor is the leading driver of the modern digital organization in the Nordic Countries for its about 1,000 customers in commercial and public sector. Innofactor has the widest solution offering and leading know-how in the Microsoft ecosystem in the Nordics. Innofactor has about 600 enthusiastic and motivated top specialists in Finland, Sweden, Denmark and Norway. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ Helsinki Oy. www.innofactor.com
#ModernDigitalOrganization #PeopleFirst #CreatingSmiles #BeTheRealYou


Innofactor Plc Total number of voting rights and capital, on October 22, 2024, at 9:00 Finnish time

The Board of Directors of Innofactor Plc has decided to cancel a total of 554,372 Innofactor shares currently owned by the Company. The treasury shares to be cancelled were acquired within the Company’s acquisition of own shares announced by the Company on July 20, 2023.

The cancellation will be entered in the trade register maintained by the Finnish Patent and Registration Office approximately by the end of November. Prior to the cancellation of the own shares, there are in total 36,343,691 registered shares in Innofactor. After the cancellation has been registered in the trade register, the total number of shares in Innofactor is 35,789,319 and the total number of votes attached to the shares is 35,789,319.

After the cancellation, Innofactor Plc doesn’t hold any shares in the Company. The cancellation of the shares has no effect on the share capital of Innofactor Plc.

Espoo, October 22, 2024

INNOFACTOR PLC

Board of Directors 

Additional information:
Sami Ensio, CEO
Innofactor Plc
Tel. +358 50 584 2029
sami.ensio@innofactor.com

Distribution:
NASDAQ Helsinki
Main media
www.innofactor.com

Innofactor
Innofactor is the leading driver of the modern digital organization in the Nordic Countries for its about 1,000 customers in commercial and public sector. Innofactor has the widest solution offering and leading know-how in the Microsoft ecosystem in the Nordics. Innofactor has about 600 enthusiastic and motivated top specialists in Finland, Sweden, Denmark and Norway. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ Helsinki Oy. www.innofactor.com #ModernDigitalOrganization #PeopleFirst #CreatingSmiles #BeTheRealYou


Innofactor Plc Managers' Transactions, on October 21, 2024, at 9:30 Finnish time

Innofactor Oyj - Managers' Transactions

____________________________________________

Person subject to the notification requirement
Name: Onni Bidco Oy
Position: Closely associated person
(X) Legal person

(1):Person Discharging Managerial Responsibilities In Issuer
Name: Sami Ensio
Position: Chief Executive Officer

(2):Person Discharging Managerial Responsibilities In Issuer
Name: Antti Kummu
Position: Member of the Board

Issuer: Innofactor Oyj
LEI: 7437008OSKQFEDZYD835
Notification type: INITIAL NOTIFICATION
Reference number: 81784/4/4

____________________________________________

Transaction date: 2024-10-18
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI0009007637
Nature of transaction: ACQUISITION

Transaction details
(1): Volume: 2 Unit price: 1.68 EUR
(2): Volume: 500 Unit price: 1.68 EUR
(3): Volume: 847 Unit price: 1.68 EUR
(4): Volume: 274 Unit price: 1.68 EUR
(5): Volume: 20 Unit price: 1.68 EUR

Aggregated transactions (5):
Volume: 1643 Volume weighted average price: 1.68 EUR

Espoo, October 21, 2024

INNOFACTOR PLC

Eija Theis, General Counsel

Additional information:
Eija Theis, General Counsel
Innofactor Plc
Tel. +358 44 343 4278
eija.theis@innofactor.com

Distribution:
NASDAQ Helsinki
Main media
www.innofactor.com

Innofactor
Innofactor is the leading driver of the modern digital organization in the Nordic Countries for its about 1,000 customers in commercial and public sector. Innofactor has the widest solution offering and leading know-how in the Microsoft ecosystem in the Nordics. Innofactor has about 600 enthusiastic and motivated top specialists in Finland, Sweden, Denmark and Norway. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ Helsinki Oy. www.innofactor.com
#ModernDigitalOrganization #PeopleFirst #CreatingSmiles #BeTheRealYou


Innofactor Plc Managers' Transactions, on October 18, 2024, at 9:30 Finnish time

Innofactor Oyj - Managers' Transactions

____________________________________________

Person subject to the notification requirement
Name: Onni Bidco Oy
Position: Closely associated person
(X) Legal person

(1):Person Discharging Managerial Responsibilities In Issuer
Name: Sami Ensio
Position: Chief Executive Officer

(2):Person Discharging Managerial Responsibilities In Issuer
Name: Antti Kummu
Position: Member of the Board

Issuer: Innofactor Oyj
LEI: 7437008OSKQFEDZYD835
Notification type: INITIAL NOTIFICATION
Reference number: 81667/4/4

____________________________________________

Transaction date: 2024-10-17
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI0009007637
Nature of transaction: ACQUISITION

Transaction details
(1): Volume: 527 Unit price: 1.68 EUR
(2): Volume: 125 Unit price: 1.68 EUR
(3): Volume: 1 Unit price: 1.68 EUR
(4): Volume: 195 Unit price: 1.68 EUR
(5): Volume: 1 Unit price: 1.68 EUR

Aggregated transactions (5):
Volume: 849 Volume weighted average price: 1.68 EUR

Espoo, October 18, 2024

INNOFACTOR PLC

Eija Theis, General Counsel

Additional information:
Eija Theis, General Counsel
Innofactor Plc
Tel. +358 44 343 4278
eija.theis@innofactor.com

Distribution:
NASDAQ Helsinki
Main media
www.innofactor.com

Innofactor
Innofactor is the leading driver of the modern digital organization in the Nordic Countries for its about 1,000 customers in commercial and public sector. Innofactor has the widest solution offering and leading know-how in the Microsoft ecosystem in the Nordics. Innofactor has about 600 enthusiastic and motivated top specialists in Finland, Sweden, Denmark and Norway. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ Helsinki Oy. www.innofactor.com
#ModernDigitalOrganization #PeopleFirst #CreatingSmiles #BeTheRealYou


Innofactor Plc Managers' Transactions, on October 17, 2024, at 9:30 Finnish time

Innofactor Oyj - Managers' Transactions

____________________________________________

Person subject to the notification requirement
Name: Onni Bidco Oy
Position: Closely associated person
(X) Legal person

(1):Person Discharging Managerial Responsibilities In Issuer
Name: Sami Ensio
Position: Chief Executive Officer

(2):Person Discharging Managerial Responsibilities In Issuer
Name: Antti Kummu
Position: Member of the Board

Issuer: Innofactor Oyj
LEI: 7437008OSKQFEDZYD835
Notification type: INITIAL NOTIFICATION
Reference number: 81541/5/4

____________________________________________

Transaction date: 2024-10-16
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI0009007637
Nature of transaction: ACQUISITION

Transaction details
(1): Volume: 1 Unit price: 1.68 EUR
(2): Volume: 20 Unit price: 1.68 EUR
(3): Volume: 5648 Unit price: 1.68 EUR
(4): Volume: 9980 Unit price: 1.68 EUR
(5): Volume: 176 Unit price: 1.68 EUR

Aggregated transactions (5):
Volume: 15825 Volume weighted average price: 1.68 EUR

Espoo, October 17, 2024

INNOFACTOR PLC

Eija Theis, General Counsel

Additional information:
Eija Theis, General Counsel
Innofactor Plc
Tel. +358 44 343 4278
eija.theis@innofactor.com

Distribution:
NASDAQ Helsinki
Main media
www.innofactor.com

Innofactor
Innofactor is the leading driver of the modern digital organization in the Nordic Countries for its about 1,000 customers in commercial and public sector. Innofactor has the widest solution offering and leading know-how in the Microsoft ecosystem in the Nordics. Innofactor has about 600 enthusiastic and motivated top specialists in Finland, Sweden, Denmark and Norway. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ Helsinki Oy. www.innofactor.com
#ModernDigitalOrganization #PeopleFirst #CreatingSmiles #BeTheRealYou


Innofactor Plc Managers' Transactions, on October 16, 2024, at 9:30 Finnish time

Innofactor Oyj - Managers' Transactions

____________________________________________

Person subject to the notification requirement
Name: Onni Bidco Oy
Position: Closely associated person
(X) Legal person

(1):Person Discharging Managerial Responsibilities In Issuer
Name: Sami Ensio
Position: Chief Executive Officer

(2):Person Discharging Managerial Responsibilities In Issuer
Name: Antti Kummu
Position: Member of the Board

Issuer: Innofactor Oyj
LEI: 7437008OSKQFEDZYD835
Notification type: INITIAL NOTIFICATION
Reference number: 81429/5/4

____________________________________________

Transaction date: 2024-10-11
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI0009007637
Nature of transaction: ACQUISITION

Transaction details
(1): Volume: 5 Unit price: 1.68 EUR
(2): Volume: 100 Unit price: 1.68 EUR
(3): Volume: 86 Unit price: 1.68 EUR
(4): Volume: 1262 Unit price: 1.68 EUR
(5): Volume: 5000 Unit price: 1.68 EUR
(6): Volume: 38480 Unit price: 1.68 EUR
(7): Volume: 3652 Unit price: 1.68 EUR
(8): Volume: 4705 Unit price: 1.68 EUR
(9): Volume: 174 Unit price: 1.68 EUR
(10): Volume: 295 Unit price: 1.68 EUR
(11): Volume: 37 Unit price: 1.68 EUR

Aggregated transactions (11):
Volume: 53796 Volume weighted average price: 1.68 EUR

Espoo, October 16, 2024

INNOFACTOR PLC

Eija Theis, General Counsel

Additional information:
Eija Theis, General Counsel
Innofactor Plc
Tel. +358 44 343 4278
eija.theis@innofactor.com

Distribution:
NASDAQ Helsinki
Main media
www.innofactor.com

Innofactor
Innofactor is the leading driver of the modern digital organization in the Nordic Countries for its about 1,000 customers in commercial and public sector. Innofactor has the widest solution offering and leading know-how in the Microsoft ecosystem in the Nordics. Innofactor has about 600 enthusiastic and motivated top specialists in Finland, Sweden, Denmark and Norway. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ Helsinki Oy. www.innofactor.com
#ModernDigitalOrganization #PeopleFirst #CreatingSmiles #BeTheRealYou


Innofactor Plc Managers' Transactions, on October 15, 2024, at 9:30 Finnish time

Innofactor Oyj - Managers' Transactions

____________________________________________

Person subject to the notification requirement
Name: Onni Bidco Oy
Position: Closely associated person
(X) Legal person

(1):Person Discharging Managerial Responsibilities In Issuer
Name: Sami Ensio
Position: Chief Executive Officer

(2):Person Discharging Managerial Responsibilities In Issuer
Name: Antti Kummu
Position: Member of the Board

Issuer: Innofactor Oyj
LEI: 7437008OSKQFEDZYD835
Notification type: INITIAL NOTIFICATION
Reference number: 81304/5/4

____________________________________________

Transaction date: 2024-10-14
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI0009007637
Nature of transaction: ACQUISITION

Transaction details
(1): Volume: 250 Unit price: 1.68 EUR
(2): Volume: 3 Unit price: 1.68 EUR
(3): Volume: 20 Unit price: 1.68 EUR
(4): Volume: 537 Unit price: 1.68 EUR
(5): Volume: 500 Unit price: 1.68 EUR
(6): Volume: 1 Unit price: 1.68 EUR
(7): Volume: 448 Unit price: 1.68 EUR
(8): Volume: 148127 Unit price: 1.68 EUR

Aggregated transactions (8):
Volume: 149886 Volume weighted average price: 1.68 EUR

Espoo, October 15, 2024

INNOFACTOR PLC

Eija Theis, General Counsel

Additional information:
Eija Theis, General Counsel
Innofactor Plc
Tel. +358 44 343 4278
eija.theis@innofactor.com

Distribution:
NASDAQ Helsinki
Main media
www.innofactor.com

Innofactor
Innofactor is the leading driver of the modern digital organization in the Nordic Countries for its about 1,000 customers in commercial and public sector. Innofactor has the widest solution offering and leading know-how in the Microsoft ecosystem in the Nordics. Innofactor has about 600 enthusiastic and motivated top specialists in Finland, Sweden, Denmark and Norway. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ Helsinki Oy. www.innofactor.com
#ModernDigitalOrganization #PeopleFirst #CreatingSmiles #BeTheRealYou


Innofactor Plc Managers' Transactions, on October 14, 2024, at 19:45 Finnish time

Innofactor Oyj - Managers' Transactions

____________________________________________

Person subject to the notification requirement
Name: Sami Ensio
Position: Chief Executive Officer
Issuer: Innofactor Oyj
LEI: 7437008OSKQFEDZYD835
Notification type: AMENDMENT
Reference number: 81087/5/4

Amendment comment:
This notice corrects an error in the stock exchange release dated October 11, 2024. The error pertained to the execution date of the share transfer. The correct execution date of the transaction is October 14, 2024.

____________________________________________

Transaction date: 2024-10-14
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI0009007637
Nature of transaction: DISPOSAL

Transaction details
(1): Volume: 148127 Unit price: 1.68 EUR

Aggregated transactions (1):
Volume: 148127 Volume weighted average price: 1.68 EUR

Espoo, October 14, 2024

INNOFACTOR PLC

Eija Theis, General Counsel

Additional information:
Eija Theis, General Counsel
Innofactor Plc
Tel. +358 44 343 4278
eija.theis@innofactor.com

Distribution:
NASDAQ Helsinki
Main media
www.innofactor.com

Innofactor
Innofactor is the leading driver of the modern digital organization in the Nordic Countries for its about 1,000 customers in commercial and public sector. Innofactor has the widest solution offering and leading know-how in the Microsoft ecosystem in the Nordics. Innofactor has about 600 enthusiastic and motivated top specialists in Finland, Sweden, Denmark and Norway. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ Helsinki Oy. www.innofactor.com
#ModernDigitalOrganization #PeopleFirst #CreatingSmiles #BeTheRealYou


Innofactor Plc Managers' Transactions, on October 14, 2024, at 8:30 Finnish time

Innofactor Oyj - Managers' Transactions

____________________________________________

Person subject to the notification requirement
Name: Onni Bidco Oy
Position: Closely associated person
(X) Legal person

(1):Person Discharging Managerial Responsibilities In Issuer
Name: Sami Ensio
Position: Chief Executive Officer

Issuer: Innofactor Oyj
LEI: 7437008OSKQFEDZYD835
Notification type: INITIAL NOTIFICATION
Reference number: 81115/16/16

____________________________________________

Transaction date: 2024-10-10
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI0009007637
Nature of transaction: ACQUISITION

Transaction details
(1): Volume: 5000 Unit price: 1.68 EUR

Aggregated transactions (1):
Volume: 5000 Volume weighted average price: 1.68 EUR


Espoo, October 14, 2024

INNOFACTOR PLC

Eija Theis, General Counsel


Additional information:
Eija Theis, General Counsel
Innofactor Plc
Tel. +358 44 343 4278
eija.theis@innofactor.com

Distribution:
NASDAQ Helsinki
Main media
www.innofactor.com

Innofactor
Innofactor is the leading driver of the modern digital organization in the Nordic Countries for its about 1,000 customers in commercial and public sector. Innofactor has the widest solution offering and leading know-how in the Microsoft ecosystem in the Nordics. Innofactor has about 600 enthusiastic and motivated top specialists in Finland, Sweden, Denmark and Norway. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ Helsinki Oy. www.innofactor.com
#ModernDigitalOrganization #PeopleFirst #CreatingSmiles #BeTheRealYou


Innofactor Plc Managers' Transactions, on October 11, 2024, at 16:45 Finnish time

Innofactor Oyj - Managers' Transactions

____________________________________________

Person subject to the notification requirement
Name: Anna Lindén
Position: Member of the Board/Deputy member
Issuer: Innofactor Oyj
LEI: 7437008OSKQFEDZYD835
Notification type: INITIAL NOTIFICATION
Reference number: 81082/5/4

____________________________________________

Transaction date: 2024-10-11
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI0009007637
Nature of transaction: DISPOSAL

Transaction details
(1): Volume: 140165 Unit price: 1.68 EUR

Aggregated transactions (1):
Volume: 140165 Volume weighted average price: 1.68 EUR

Espoo, October 11, 2024

INNOFACTOR PLC

Eija Theis, General Counsel

Additional information:
Eija Theis, General Counsel
Innofactor Plc
Tel. +358 44 343 4278
eija.theis@innofactor.com

Distribution:
NASDAQ Helsinki
Main media
www.innofactor.com

Innofactor
Innofactor is the leading driver of the modern digital organization in the Nordic Countries for its about 1,000 customers in commercial and public sector. Innofactor has the widest solution offering and leading know-how in the Microsoft ecosystem in the Nordics. Innofactor has about 600 enthusiastic and motivated top specialists in Finland, Sweden, Denmark and Norway. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ Helsinki Oy. www.innofactor.com
#ModernDigitalOrganization #PeopleFirst #CreatingSmiles #BeTheRealYou


Innofactor Plc Managers' Transactions, on October 11, 2024, at 16:45 Finnish time

Innofactor Oyj - Managers' Transactions

____________________________________________

Person subject to the notification requirement
Name: Heikki Nikku
Position: Member of the Board/Deputy member
Issuer: Innofactor Oyj
LEI: 7437008OSKQFEDZYD835
Notification type: INITIAL NOTIFICATION
Reference number: 81084/5/4

____________________________________________

Transaction date: 2024-10-11
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI0009007637
Nature of transaction: DISPOSAL

Transaction details
(1): Volume: 52895 Unit price: 1.68 EUR

Aggregated transactions (1):
Volume: 52895 Volume weighted average price: 1.68 EUR

Espoo, October 11, 2024

INNOFACTOR PLC

Eija Theis, General Counsel

Additional information:
Eija Theis, General Counsel
Innofactor Plc
Tel. +358 44 343 4278
eija.theis@innofactor.com

Distribution:
NASDAQ Helsinki
Main media
www.innofactor.com

Innofactor
Innofactor is the leading driver of the modern digital organization in the Nordic Countries for its about 1,000 customers in commercial and public sector. Innofactor has the widest solution offering and leading know-how in the Microsoft ecosystem in the Nordics. Innofactor has about 600 enthusiastic and motivated top specialists in Finland, Sweden, Denmark and Norway. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ Helsinki Oy. www.innofactor.com
#ModernDigitalOrganization #PeopleFirst #CreatingSmiles #BeTheRealYou


Shareholders Date % of Shares % of Votes
Ensio Sami 31.07.2024 21.8% 21.8%
Ilmarinen Mutual Pension Insurance Company 31.07.2024 5% 5%
R. Linturi Oyj (control) 31.07.2024 3.5% 3.5%
Innofactor Oyj 31.07.2024 1.5% 1.5%
Hellen Stefan Andreas 31.07.2024 1.3% 1.3%
Mäki Antti-Jussi 31.07.2024 1.2% 1.2%
Mandatum Life Insurance Company Limited 31.07.2024 1.2% 1.2%
Ingman Finance Oy Ab 31.07.2024 1.2% 1.2%
Muukkonen Teemu Heikki 31.07.2024 1% 1%
Kannisto Jaakko Mikael 31.07.2024 0.8% 0.8%

Equity Research Disclaimer

These research reports have been prepared by Evli Research Partners Plc (“ERP” or “Evli Research”). ERP is a subsidiary of Evli Plc.

None of the analysts contributing to this report, persons under their guardianship or corporations under their control have a position in the shares of the company or related securities. The date and time for any price of financial instruments mentioned in the recommendation refer to the previous trading day’s closing price(s) unless otherwise stated in the report. Each analyst responsible for the content of this report assures that the expressed views accurately reflect the personal views of each analyst on the covered companies and securities. Each analyst assures that (s)he has not been, nor are or will be, receiving direct or indirect compensation related to the specific recommendations or views contained in this report.

Companies in the Evli Group, affiliates or staff of companies in the Evli Group, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives) of any company mentioned in the publication or report. Neither ERP nor any company within the Evli Group have managed or co-managed a public offering of the company’s securities during the last 12 months prior to, received compensation for investment banking services from the company during the last 12 months prior to the publication of the research report.

ERP has signed an agreement with the issuer of the financial instruments mentioned in the recommendation, which includes production of research reports. This assignment has a limited economic and financial impact on ERP and/or Evli. Under the assignment ERP performs services including, but not limited to, arranging investor meetings or –events, investor relations communication advisory and production of research material. ERP or another company within the Evli Group does not have an agreement with the company to perform market making or liquidity providing services. For the prevention and avoidance of conflicts of interests with respect to this report, there is an information barrier (Chinese wall) between Investment Research and Corporate Finance units concerning unpublished investment banking services to the company. The remuneration of the analyst(s) is not tied directly or indirectly to investment banking transactions or other services performed by Evli Plc or any company within Evli Group.

This report is provided and intended for informational purposes only and may not be used or considered under any circumstances as an offer to sell or buy any securities or as advice to trade any securities.

This report is based on sources ERP considers to be correct and reliable. The sources include information providers Reuters and Bloomberg, stock-exchange releases from the companies and other company news, Statistics Finland and articles in newspapers and magazines. However, ERP does not guarantee the materialization, correctness, accuracy or completeness of the information, opinions, estimates or forecasts expressed or implied in the report. In addition, circumstantial changes may have an influence on opinions and estimates presented in this report. The opinions and estimates presented are valid at the moment of their publication and they can be changed without a separate announcement. Neither ERP nor any company within the Evli Group are responsible for amending, correcting or updating any information, opinions or estimates contained in this report. Neither ERP nor any company within the Evli Group will compensate any direct or consequential loss caused by or derived from the use of the information represented in this publication.

All information published in this report is for the original recipient’s private and internal use only. ERP reserves all rights to the report. No part of this publication may be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, or stored in any retrieval system of any nature, without the written permission of ERP.

This report or its copy may not be published or distributed in Australia, Canada, Hong Kong, Japan, New Zealand, Singapore or South Africa. The publication or distribution of this report in certain other jurisdictions may also be restricted by law. Persons into whose possession this report comes are required to inform themselves about and to observe any such restrictions.

Evli Plc is not registered as a broker-dealer with the U. S. Securities and Exchange Commission (“SEC”), and it and its analysts are not subject to SEC rules on securities analysts’ certification as to the currency of their views reflected in the research report. Evli is not a member of the Financial Industry Regulatory Authority (“FINRA”). It and its securities analysts are not subject to FINRA’s rules on Communications with the Public and Research Analysts and Research Reports and the attendant requirements for fairness, balance and disclosure of potential conflicts of interest. This research report is only being offered in U.S. by Auerbach Grayson & Company, LLC (Auerbach Grayson) to Major U.S. Institutional Investors and is not available to, and should not be used by, any U.S. person or entity that is not a Major U.S. Institutional Investor. Auerbach Grayson is a broker-dealer registered with the U.S. Securities and Exchange Commission and is a member of the FINRA. U.S. entities seeking more information about any of the issuers or securities discussed in this report should contact Auerbach Grayson. The securities of non-U.S. issuers may not be registered with or subject to SEC reporting and other requirements.

ERP is not a supervised entity but its parent company Evli Plc is supervised by the Finnish Financial Supervision Authority.

Company Facts

CEO Sami Ensio
CFO Antti Rokala
Market cap (EURm) 60
Industry Software
Ticker IFA1V

Guidance

Innofactor’s net sales and EBITDA in 2024 are expected to increase from 2023.

Financial targets

Long-term financial goal: Achieving an annual growth of approximately 20 percent, of which majority is intended to be achieved by organic growth, and achieving approximately 20 percent operating margin (EBITDA) in relation to the net sales, and by keeping the cash flow positive and by securing solid financial standing in all situations.

Schedule analyst call

For professional investors wishing to discuss the case, please book a complimentary analyst call

Book a call