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Lemonsoft

4.48 EUR-4.07 %28.7, 17.29
1,463 following

LEMON

First North Finland

Software

Technology

Overview
Financials & Estimates
Dividend
Investor consensus
Compare
-4.07 %
-10.40 %
-5.08 %
-15.79 %
-26.80 %
-37.60 %
-39.46 %
-
-71.28 %

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.

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Market cap
81.82M EUR
Turnover
27.99K EUR
P/E (adj.) (26e)
12.55
EV/EBIT (adj.) (26e)
10.13
EV/S (26e)
2.8
Dividend yield-% (26e)
3.13 %
Coverage
Recommendation
Buy
Target price
6.00 EUR
Updated
15.07.2026
Disclaimer
Atte Riikola
Atte Riikola

Analyst

Latest research

Latest analysis report

Released: 16.07.2026

Latest extensive report

Released: 20.02.2026

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
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Forum discussions
I can’t immediately think of a case where 8% of the share capital would have accepted an offer below the market price It reflects the current SaaS sentiment. Perhaps at least some selling pressure within the ownership base was released through this operation.
5/7/2026, 5:26 AM
by Mikael Rautanen
6
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
Coincidentally, in 2016, Sampo also acquired 8% of the shares in the mandatory tender offer for Topdanmark, even though the offer included no premium and, if I recall correctly, the share price immediately rose above the offer price.
5/7/2026, 6:03 AM
by Sauli Vilen
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
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
14.8
2026

Interim report Q2'26

5.11
2026

Interim report Q3'26

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

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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
Lemonsoft: Rite Ventures' holding will increase by 8.4 percentage points with the tender offer
Analyst Comment07.05.2026, 07.51 by
Atte Riikola

Lemonsoft: Rite Ventures' holding will increase by 8.4 percentage points with the tender offer

In our opinion, a surprisingly high number of investors accepted the low tender offer.

Lemonsoft
Regulatory press release06.05.2026, 15.45

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

Lemonsoft
Regulatory press release04.05.2026, 16.30

Lemonsoft Oyj – Managers’ Transactions – CapBoy Oy

Lemonsoft
Regulatory press release04.05.2026, 16.30

Lemonsoft Oyj – Managers’ Transactions – Tammi

Lemonsoft
Regulatory press release30.04.2026, 12.40

Rite Ventures supplements the tender offer document relating to the mandatory tender offer for all issued and outstanding shares in Lemonsoft Oyj

Lemonsoft