Innofactor: Aiming at stronger growth
Innofactor’s earnings turnaround has progressed convincingly for more than two years and brought forth the strong earnings potential of the company’s Finnish business. The Finnish business is already close to the long-term 20% growth and 20% EBITDA target, but other countries depress the development at Group level. The company still invests in strengthening its Nordic operations to initiate a phase of stronger and more sustainable profitable growth. We expect the growth to accelerate this year, in the longer-term stronger growth requires pull from other Nordic countries. With our estimates, Innofactor’s valuation is attractive from many viewpoints.
