Admicom Oyj
OMXH:ADMCM
Admicom Oyj
Admicom Oyj provides cloud-based enterprise resource planning solutions. The company is headquartered in Jyvaskyla, Lansi-Suomen and currently employs 275 full-time employees. The company went IPO on 2018-02-09. The company offers cloud-based enterprise resource planning (ERP) system Adminet for construction, building services engineering and industry sectors. Adminet streamlines operations and automates routine work. Also, the product has a track record of fast and profitable growth. Additionally, the Company offers accounting services and business development assistance. The firm conducts operations through the subsidiary Admicom Finland Oy. The firm operates domestically.
Admicom Oyj provides cloud-based enterprise resource planning solutions. The company is headquartered in Jyvaskyla, Lansi-Suomen and currently employs 275 full-time employees. The company went IPO on 2018-02-09. The company offers cloud-based enterprise resource planning (ERP) system Adminet for construction, building services engineering and industry sectors. Adminet streamlines operations and automates routine work. Also, the product has a track record of fast and profitable growth. Additionally, the Company offers accounting services and business development assistance. The firm conducts operations through the subsidiary Admicom Finland Oy. The firm operates domestically.
Guidance Lowered: Admicom issued a profit warning, lowering its full-year ARR growth guidance from 8–14% to 6–10%, and revenue growth from 6–11% to 5–8%.
Profitability: Adjusted EBITDA in Q3 was €3.7 million with a margin of 39.6%, higher in euros than last year, showing improved profitability after the investment phase.
Challenging Market: The Finnish construction sector remains weak with slow recovery, leading to continued elevated customer churn and smaller deal sizes.
Sales Reorganization: A significant internal sales reorganization caused temporary slowness in sales, especially in large new customer wins, but activity rebounded in September.
Strong Cash Flow: Operating cash flow grew over 20% year-over-year in Q3, reaching €2.5 million.
Billing Model Change: Transition to a new billing model for Ultima ERP is underway, expected to bring one-off ARR uplift in Q4 but ongoing benefit depends on broader market recovery.
International Expansion: Growth in Bauhub ARR is primarily from Estonia, with further cross-sell and market entry activities focused on the Baltics.
