Unofficial translation of the company release on November 2, 2022 at
In the 2020s,
The customer experience of customers in the construction industry will be at the heart of operations in the clarified strategy. The aim is to significantly increase the productivity and quality of operations of construction entrepreneurs through digitalisation. Digitalization solutions utilize both software and highly productized value-added services.
Understanding of the digitalisation needs of the construction industry, industry-specific operating models and selected software form the basis onwhich the company will start planning the internationalization for markets outside
Execution in two phases
The 1-2-year first phase of the strategy period will build the necessary foundation for accelerating organic growth, data-driven operations and strong internationalisation. At this stage, the main focus is especially on improved service for a wide range of current customers, expanding the customers' range of solutions, and inimproving ease of use of solutions, and in increasing the data-based functionalities and the degree of automation of the solutions.
We expect the projected downturn in the construction industry to coincide with this first phase, during which we will build the foundation for strong organic growth as the recession eases. During this phase, we will increase our investments in growth projects, while constantly taking into account the market situation as the recession progresses.
In the second phase of the strategy period, a clearly stronger level of organic growth is sought from superior customer experience, synergistic sales work, diversifying solution offerings and international markets.
As part of limiting the Group's customer focus to the construction sector,
Acquisitions are still part of the company's toolbox and can be used to support internationalisation or to expand the company's solution offering for the digitalisation needs of construction customers.
Further information to follow on the Capital Markets Day
The company is currently assessing its investment needs and growth opportunities and will organise a Capital Markets Day (CMD) approximately on January 30, 2023. The CMD will go through the updated strategy and the market analysis behind it more extensively, as well as open up operational metrics and financial targets for the strategy period in more detail.
This strategy update does not change the company's financial guidance for the current year. The company will publish its full-year financial statements approximately on
The strategy updates described in the release may require negotiations with the personnel, and therefore the changes are not final in this regard before the negotiations are concluded. The scope of the negotiations is not to reduce number of personnel.
BOARD OF DIRECTORS
Additional information:
CEO
petri.kairinen@admicom.fi
+358 50 303 4275
CFO
petri.aho@admicom.fi
+358 44 724 1767
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