CEO Jeanette Jäger, CFO Elina Stråhlman 20 July 2023
ENENTO GROUP 2023
Building trust in the everyday.
LISTED ON | MARKET CAPITALISATION | |
30 June 2023 | ||
NASDAQ | ||
HELSINKI. | 506 MEUR | |
In Finland we operate under the brands Asiakastieto and Emaileri, in Sweden under UC, Allabolag
NET SALES, YTD ADJUSTED EBITDA, YTD 30 June 2023 30 June 2023
79,6 29,2
MEUR MEUR
Partners in Europe and in the Nordic region.
and Proff and both in Norway and Denmark under the brand Proff.
Approximately 76 000 corporate customers within banking, finance, retail, public sector and small companies.
Approximately 500 000 consumer customers.
Net Sales by Business Area |
YTD |
Net Sales by Country | Employees by Country | |||
YTD | 5 | 1 | 41 | 6 |
43 | % | BUSINESS | |
INSIGHT | |||
NET SALES | 57 | CONSUMER | |
YTD | |||
INSIGHT | |||
2
% | |
45 | NET SALES |
YTD |
SWEDEN | |||
49 | 408 | 188 | FINLAND |
NORWAY | |||
Total | |||
173 | DENMARK |
Executive Management Team as of June 14th
Jeanette Jäger |
CEO |
Karl-Johan Werner |
Chief Operating Officer |
Chief Data & Analytics Officer |
Elina Stråhlman |
CFO |
Victoria Preger |
Chief Marketing & |
Customer Officer |
Siri Hane |
Director |
Business Insight |
Business Area |
Sari Ek-Petroff |
Director |
HR |
Gabriella Göransson |
Director |
Consumer Insight |
Business Area |
Daniel Ejderberg |
CIO |
Andreas Darner |
Director |
Strategy and Transformation |
Mikko Karemo |
Chief Commercial |
Officer & Deputy CEO |
3 | Enento Group Plc - 20 July 2023 |
Net sales impacted by declining Swedish consumer credit volumes, while the demand for new services surged, and adjusted EBITDA margin improved
Quarter in brief
Net Sales & Profitability
Net sales declined 1,2%*
as consumer credit
volumes drop sharply in Sweden, while adjusted EBITDA margin improves to 36,5%
Efficiency Program
Program proceeding
according to plans, MEUR
5 run-rate impact achieved, equal to ~60% of FY24 targeted benefits
Merging Business Areas
Integration of Digital
Processes into Business
Insight in mid-June, generating multiple synergies and enabling Nordic offerings
Customer Experience
Q2 NPS of 44 from strategic and large customers improving from Q1 and clearly above industry peers***
Key figures
Net sales -3,5%**
-1,2%*
39,7MEUR
Free cash flow -8,2% 5,9MEUR
Net debt to adjusted EBITDA
2,4X (2,6x)
Adjusted EBITDA -2,1%**
14,5MEUR
Adjusted EBITDA margin
36,5+0,5pp-%**
%
Share of new services
11,1 +6,0 pp-%
%
- Organic growth (exlc. Tambur), at comparable foreign exchange rates
- At comparable foreign exchange rates
- Survicate's 2023 NPS benchmark report, finance industry
4 | Enento Group Plc - 20 July 2023 |
Efficiency Program proceeding according to plans:
EUR 5M run-rate impact achieved by end of Q2, equal to more than half of FY2024 targeted benefits of EUR 8M
FTE Efficiency
IT Efficiency
Other Measures
Total Progress KPI
- Impact from reduced number of FTEs visible from Q2 onwards
- Application service analysis pre-study completed in Sweden and transition phase started
- IT capacity and other cost reductions through decommissioning and optimization being implemented
- Continuing the digitalization of manual processes
- Renegotiation of service agreements leading into permanent benefits
- Measures leading to around 60% of the planned benefits implemented on a run-rate basis
5 | Enento Group Plc - 20 July 2023 |
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Enento Group Oyj published this content on 20 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 July 2023 09:07:17 UTC.