Lime Technologies AB (publ)
STO:LIME
Lime Technologies AB (publ)
Lime Technologies AB engages in the development, distribution, and sale of software for customer relationship management systems. The company is headquartered in Lund, Skane and currently employs 354 full-time employees. The company went IPO on 2018-12-06. The firm develops, sells and implements customer relationship management (CRM) systems. The firm offers Software as a Service (SaaS) subscriptions and provides consultancy in the implementation and customization of its software products. The firm's products include Lime Go, a cloud-based sales management system that contains a database with contact details of all Swedish, Danish and Norwegian businesses, and Lime CRM, an integrated system with industry-specific solutions. The firm conducts its activities on the Nordic market and maintains offices in Sweden, Norway, Denmark and Finland.
Lime Technologies AB engages in the development, distribution, and sale of software for customer relationship management systems. The company is headquartered in Lund, Skane and currently employs 354 full-time employees. The company went IPO on 2018-12-06. The firm develops, sells and implements customer relationship management (CRM) systems. The firm offers Software as a Service (SaaS) subscriptions and provides consultancy in the implementation and customization of its software products. The firm's products include Lime Go, a cloud-based sales management system that contains a database with contact details of all Swedish, Danish and Norwegian businesses, and Lime CRM, an integrated system with industry-specific solutions. The firm conducts its activities on the Nordic market and maintains offices in Sweden, Norway, Denmark and Finland.
Growth: Lime Technologies reported Q3 revenue growth of 11%, with subscription revenue up 16% and ARR growing by 13%.
Margins: EBITDA margin reached 25% in Q3, slightly up from 24.8% the previous year, and in line with long-term targets.
Revenue Mix: Recurring revenue now makes up 76% of total revenue, reflecting a strategic shift toward more stable income streams.
Geographic Performance: Sweden grew by 8% while Rest of Europe grew by 18% year-on-year, with Germany seeing particularly large and fast deals.
Investments: Continued investment in staff, especially in sales and international expansion, drove OpEx higher but supports future growth.
Market Climate: Management noted a challenging market environment but saw improved activity among existing customers and positive sales momentum post-holidays.
