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Lemonsoft

4.36 EUR+5.57 %17.8, 17.29
1,472 following

LEMON

First North Finland

Software

Technology

Overview
Financials & Estimates
Dividend
Investor consensus
Compare
+5.57 %
-7.23 %
-9.54 %
-13.83 %
-28.76 %
-41.71 %
-37.54 %
-
-72.05 %

Lemonsoft is a Finnish SaaS company that designs, develops and sells ERP software solutions. The company is primarily a service provider of business systems to small and medium-sized businesses. Its customer base consists of companies in industrial manufacturing, wholesale and retail trade, construction and accounting firms. The company operates mainly in Finland.

Read more
Market cap
79.63M EUR
Turnover
1.2M EUR
P/E (adj.) (26e)
12.89
EV/EBIT (adj.) (26e)
10.5
EV/S (26e)
2.73
Dividend yield-% (26e)
3.21 %
Coverage
Recommendation
Buy
Target price
6.00 EUR
Updated
16.08.2026
Disclaimer
Atte Riikola
Atte Riikola

Analyst

Latest research

Latest analysis report

Released: 17.08.2026

Latest extensive report

Released: 20.02.2026

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
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Webcasts
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Forum discussions
Tomi Joki-Hollanti is Kari Joki-Hollanti’s son. I just hope the biggest shareholders haven’t been up to any shady business with this business transaction…
7/16/2026, 4:59 PM
5
I have a slightly suspicious feeling about this deal. Did you notice that the entrepreneur behind eCount, the entity acquiring Finvoicer, is Tomi Joki-Hollanti? I wouldn’t be surprised if he is related to Lemonsoft’s founder, Kari Joki-Hollanti. These kinds of deals, where relatives...
7/16/2026, 11:41 AM
by hiirimatto
5
According to the company, the market outlook is partly brightened by the fact that certain legacy software systems are being replaced at a faster pace than before. The reason for this is that certain software providers have announced that their products’ lifecycles are coming to ...
7/2/2026, 6:53 AM
by Atte Riikola
4
It’s impossible to calculate directly, as many variables remain unclear. Lemonsoft paid a debt-free price of EUR 7.6 million for Finvoicer. However, in the divestment, some business operations remained under Lemonsoft’s control (specifically “helposti lasku” [easy invoicing] and ...
7/16/2026, 9:29 AM
by Atte Riikola
3
Inderes’s estimate doesn’t include any figures. Has anyone calculated how much value this Finvoicer acquisition destroyed?
7/16/2026, 8:16 AM
by Korville
3
Here is Ate’s company report on Lemonsoft following the Q2 results We reiterate Lemonsoft’s buy recommendation and target price of EUR 6.0. The company’s revenue in Q2 grew in line with our expectations, but the improvement in earnings compared to the reference period fell slightly...
yesterday
by Sijoittaja-alokas
1
Atte interviewed Lemonsoft’s CEO Alpo Luostarinen
8/14/2026, 6:57 PM
by Sijoittaja-alokas
1
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
5.11
2026

Interim report Q3'26

Lemonsoft Q2'26: Zest returning to sales
Research17.08.2026, 13.03 by
Atte Riikola

Lemonsoft Q2'26: Zest returning to sales

In light of Lemonsoft's outlook comments, the market situation in the company's core business areas is clearly picking up.

Lemonsoft
Lemonsoft, Webcast, Q2'26
Webcast14.08.2026, 12.00

Lemonsoft, Webcast, Q2'26

Lemonsoft
Regulatory press release14.08.2026, 09.00

Lemonsoft Oyj’s Interim Report for 1 January – 30 June 2026 (unaudited) – The foundation of our core business strengthened – Market recovery supports future sales growth

Lemonsoft

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Lemonsoft Q2'26 preview: Moderate growth and earnings improvement from weak comparison period expected
Analyst Comment07.08.2026, 10.46 by
Atte Riikola

Lemonsoft Q2'26 preview: Moderate growth and earnings improvement from weak comparison period expected

The Jakamo acquisition supports growth, and previously implemented cost savings bolster year-on-year profitability development.

Lemonsoft
Regulatory press release03.08.2026, 10.00

Lemonsoft confirms its forecast for 2026 due to completion of the sale of Finvoicer

Lemonsoft
Lemonsoft: Finvoicer divestment added to estimates
Research16.07.2026, 10.28 by
Atte Riikola

Lemonsoft: Finvoicer divestment added to estimates

Overall, the acquisition made about 3 years ago was unsuccessful for Lemonsoft.

Lemonsoft
Regulatory press release15.07.2026, 15.46

Lemonsoft lowers its net sales growth forecast for 2026 due to the sale of Finvoicer

Lemonsoft
Press release15.07.2026, 15.45

Lemonsoft Oyj to sell Finvoicer Group Oy to eCount Tilitoimistopalvelut Oy

Lemonsoft
Regulatory press release14.07.2026, 17.10

Lemonsoft Oyj – Managers’ Transactions – Rite LS SPV AB

Lemonsoft
Regulatory press release13.07.2026, 14.40

Lemonsoft Oyj – Managers’ Transactions – Rite LS SPV AB

Lemonsoft
Lemonsoft's growth guidance decreased slightly compared to our expectations
Analyst Comment02.07.2026, 07.53 by
Atte Riikola

Lemonsoft's growth guidance decreased slightly compared to our expectations

Lixian's financing arrangement and persistently high customer churn are the key reasons behind the lowered growth guidance.

Lemonsoft
Regulatory press release01.07.2026, 15.01

Inside information, profit warning: Lemonsoft lowers net sales growth forecast for 2026, profitability forecast remains unchanged

Lemonsoft
Regulatory press release01.06.2026, 10.30

Lemonsoft Oyj – Managers’ Transactions – Lehikoinen

Lemonsoft
Regulatory press release29.05.2026, 12.00

Lemonsoft Oyj – Managers’ Transactions – Rite LS SPV AB

Lemonsoft
Regulatory press release15.05.2026, 18.00

Lemonsoft Oyj: Flagging notification in accordance with Chapter 9, Section 10 of the Finnish Securities Markets Act

Lemonsoft
Regulatory press release15.05.2026, 14.30

Lemonsoft Oyj: Flagging notification in accordance with Chapter 9, Section 10 of the Finnish Securities Markets Act

Lemonsoft
Regulatory press release15.05.2026, 14.00

Lemonsoft Oyj – Managers’ Transactions – Optatus Invest Oy

Lemonsoft
Regulatory press release15.05.2026, 14.00

Lemonsoft Oyj – Managers’ Transactions – Rite LS SPV AB

Lemonsoft
Regulatory press release11.05.2026, 18.00

Resolutions of Lemonsoft Oyj’s constitutive meeting of the Board of Directors

Lemonsoft
Regulatory press release08.05.2026, 14.40

Final result of Rite Ventures’ mandatory public tender offer for all issued and outstanding shares in Lemonsoft Oyj

Lemonsoft