Skip to content

Talenom - In line with estimates

Talenom’s Q2 results were well in line with our estimates, with revenue at EUR 14.8m (Evli EUR 14.4m) and EBIT at EUR 3.2m (Evli EUR 3.2m). Talenom also reported that its CEO will change, with deputy CEO Otto-Pekka Huhtala taking over as CEO from the 29.7.2019.
  • Talenom’s net sales in Q2 amounted to EUR 14.8m (EUR 12.5m during Q2/18), slightly above our estimates (Evli EUR 14.4m). Q2 revenue growth was at 17.7% y/y.
  • The operating profit in Q2 amounted to EUR 3.2m (EUR 2.6m in Q2/18), in line with our estimates (Evli EUR 3.2m), at a margin of 21.4%.
  • Talenom’s CEO will step as of the 29.7.2019 and will be replaced by current deputy CEO Otto-Pekka Huhtala
  • Talenom’s guidance intact: the net sales growth rate is expected to be greater than in 2018 and the operating profit margin to improve compared to 2018
  • Net investments during the H1/19 amounted to EUR 9.5m (H1/18: 5.5m). The acquisitions of Wakers Consulting and Wasa Tilit and Företagstjänster amounted to EUR 4.2m

Open Report