Digitalist Group Plc Enterprise Report, 1 Jan – 31

Digitalist Group Plc Inventory Alternate Launch 2022-4-29 9:00

Digitalist Group Plc Exercise Report, January 1 to March 31, 2022

January-March 2022 (comparable figures for 2021 in brackets):

  • Turnover: 5.1 million euros (4.8 million euros), improve of seven.1%.
  • EBITDA: EUR -0.4 million (EUR -0.7 million), -7.5% of turnover (-14.3%).
  • EBIT: EUR -1.3 million (EUR -1.2 million), -24.7% of gross sales (-26.0%).
  • Web outcome: EUR -1.4 million (EUR -0.7 million), -26.9% of turnover (-13.6%).
  • Earnings per share (diluted and non-diluted): EUR -0.00 (EUR -0.00).
  • Variety of staff on the finish of the reference interval: 161 (181), discount of -11%

The opinion of the CEO

In comparison with the identical quarter of final 12 months, we elevated the turnover from 4.8 million euros to five.1 million euros. EBITDA is barely higher and we’re persevering with our work to attain constructive figures. Above all, this requires stronger gross sales, but additionally fixed consideration to controlling prices and bettering our working strategies.

When our studios in Helsinki, Vancouver and Stockholm be a part of forces, we are able to create groups with a range of tradition and expertise. That is beneficial not just for worldwide prospects, but additionally for native prospects working in markets which might be extra worldwide than ever.

The Covid pandemic and the ensuing distant work has helped us and our prospects cross borders. For instance, we now serve a Whistler-based entrepreneur with a crew from Stockholm in addition to a healthcare firm primarily based in Los Angeles with a joint crew from Vancouver and Helsinki.

In the course of the first quarter, we recruited many new prospects. We serve the town of Turku with our Open Tech options, assist a big industrial shopper in Finland with a man-made intelligence exploration venture, and assist a big Swedish actual property firm implement a brand new model technique and course. We additionally proceed our long-term relationships with well-known prospects reminiscent of Honda, Unionen, Electrolux, Posti and Spotify.

Leanlab, our buyer collaboration platform as a service (SaaS) firm, started throughout the first quarter to discover entry into the Swedish and Norwegian markets.

In March, we additionally deepened our cooperation with Yangi AB in growing sustainable packaging expertise, the place our Develop AB Future Lab crew has been an in depth strategic associate since 2020 in growing the technique, enterprise ideas and collaborations of market.

I strongly consider in our expert groups and on daily basis we obtain buyer suggestions telling us that our mixed expertise symbolize one thing distinctive. Going ahead, we’ll proceed to give attention to increasing our buyer base by providing our providers to much more prospects!

CEO Magnus Leijonborg


In 2022, income and EBITDA ought to enhance in comparison with 2021.


Inventory market releases for the reporting interval can be found on the Firm’s web site at

In March, the Board determined to train the precise granted to Digitalist Group Plc by Holdix Oy Ab and to transform three quarters of the Convertible Bonds into Transformed Bonds and to transform the capital thereof, within the mixture 4,545,827.70 EUR, and the unpaid curiosity on the principal of the Transformed Bonds set out within the Phrases of the Convertible Bond right into a Principal Mortgage assembly the necessities of Chapter 12, Sections 1 and a couple of of the Restricted Legal responsibility Firms Act, the phrases in any other case remaining the identical, the place relevant. Holdix Oy Ab is the second largest shareholder of Digitalist Group.

Digitalist Group Plc has reached an settlement with Turret Oy Ab on a mortgage within the quantity of EUR 500,000. The mortgage was granted on market phrases and can mature on April 30, 2023. Turret Oy Ab is the biggest shareholder of Digitalist Group.

Digitalist Group has agreed to implement the next association (the “Association”) relating to Yangi AB, registered in Sweden. Digitalist Group’s Swedish subsidiary, Develop AB, will subscribe for a complete of 11,111 Yangi AB shares at a complete subscription value of SEK 5,000,000. To extend its monetary flexibility, Develop AB will then promote a complete of seven,778 Yangi AB shares to Turret Oy Ab for a complete buy value of SEK 6,300,000.


The corporate held its annual common assembly on April 26, 2022. The minutes of the annual common assembly and the selections taken can be found on the corporate’s web site at: /fi/investor/releases

The annual common assembly elected Paul Ehrnrooth, Andreas Rosenlew, Esa Matikainen, Peter Eriksson, Maria Olofsson and Johan Almquist as abnormal members of the board of administrators. Audit agency KPMG Oy Ab has been appointed as the corporate’s auditor, with KHT auditor Miika Karkulahti as lead auditor.

The Annual Common Assembly licensed the Board to resolve on a difficulty of paid shares and to grant possibility rights and different particular rights giving proper to shares, as indicated in chapter 10, part 1, of the Finnish legislation on restricted legal responsibility firms or on the mix of all or a part of the aforementioned devices in a number of tranches. The variety of shares to be issued by advantage of the authorization could not exceed 325,511,370, which corresponds to 50% of all of the shares of the corporate on the time of the convening of the Common Assembly.

The Common Assembly licensed the Board to resolve to accumulate or pledge, from the distributable property of the corporate, a most of 65,102,000 treasury shares, which corresponds to roughly 10% of the overall shares of the corporate when the assembly known as. The acquisition could happen in a number of tranches. The acquisition value won’t exceed the best value of the inventory listed on the inventory alternate on the time of acquisition.

The authorizations to the Board can be in impact till the Annual Common Assembly held in 2023, however on the newest till June 30, 2023.

At its organizational assembly, the Board of Digitalist Group Plc determined to elect Esa Matikainen as Chairman of the Board and Andreas Rosenlew as Deputy Chairman of the Board. The board has additionally determined to create an audit committee. Esa Matikainen was elected chairman and Peter Eriksson and Maria Olofsson members of the audit committee.

When the enterprise overview was launched, the corporate anticipated its working capital to be adequate to cowl its wants over the subsequent 12 months.

board of administrators

Additional info:
Digitalist Group Plc
– CEO Magnus Leijonborg, tel. +46 76 315 8422, [email protected]
– CFO Mervi Södö, tel. +358 40 136 5959, [email protected]

Nasdaq Helsinki Ltd
Fundamental media

  • Digitalist Group Oyj Johdon osavuotinen katsaus Q1 2022

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