Talenom Oyj
OMXH:TNOM
Talenom Oyj
Talenom Oyj provides business consulting services. The company is headquartered in Oulu, Oulun and currently employs 1,012 full-time employees. The company went IPO on 2015-06-11. The firm's services include bookkeeping that include the preparation of accounts, management accounting, official reports and notifications and financial statements; financial performance monitoring that include financial statement level calculations and performance monitoring; invoice payment that include reception of paper and electronic invoices, invoice approval, invoice payment, invoice posting, cash payments, transfer to bookkeeping and electronic archiving; payroll accounting that include payroll calculation and payments, reporting and official notifications, and transactions to bookkeeping; and sales invoicing that include invoice preparation, sending invoices and receivables monitoring. The firm is active in Finland and internationally.
Talenom Oyj provides business consulting services. The company is headquartered in Oulu, Oulun and currently employs 1,012 full-time employees. The company went IPO on 2015-06-11. The firm's services include bookkeeping that include the preparation of accounts, management accounting, official reports and notifications and financial statements; financial performance monitoring that include financial statement level calculations and performance monitoring; invoice payment that include reception of paper and electronic invoices, invoice approval, invoice payment, invoice posting, cash payments, transfer to bookkeeping and electronic archiving; payroll accounting that include payroll calculation and payments, reporting and official notifications, and transactions to bookkeeping; and sales invoicing that include invoice preparation, sending invoices and receivables monitoring. The firm is active in Finland and internationally.
Revenue Growth: Talenom's Q1 revenue rose 5% year-on-year to EUR 36 million, with particular strength in the Finnish business.
Profitability: EBITDA increased 12.5% to nearly EUR 11 million, driven by improved efficiency and organic growth in Finland.
Business Segments: The first-time separation of software and accounting businesses was completed; software revenue was close to EUR 7 million and accounting EUR 29 million.
Guidance Maintained: Management left its full-year outlook unchanged, expecting net sales between EUR 130–140 million and EBITDA of EUR 36–42 million.
Sweden and Spain: Sweden's business declined due to churn, but recent trends are improving; Spain's revenue was stable, with a shift toward recurring customers.
Software Strategy: The company is ramping up its external software sales, targeting significant future growth from converting non-paying users and expanding internationally.
