contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


correction-lemonsoft-oyj-managers-transactions-rite-ls-spv-ab

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

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.

Here are Atte’s comments regarding Rite Ventures’ tender offer.                    Inderes              Lemonsoft: Rite Ventures tekee pakollisen ostotarjouksen 4,67 eurolla - Inderes    Pääomistajan lisäostot vahvistavat näkemystämme siitä, että osake on tällä hetkellä selvästi aliarvostettu.

“The company purchased a total of 355,619 shares on Friday, March 6.” (From KL news) The volume is so high that the list of potential sellers is quite narrow:     2 Kari Joki-Hollanti 4 779 533  26,17 26,17 25.02.2026     3 Alcur Fonder 1 152 553  6,31 6,31 31.01.2026   4 Handelsbanken Fonder 697 066 -9 410 3,82 3,82 28.02.2026   5 eQ Asset Management Oy 563 578 76 349 3,09 3,09 25.02.2026   6 TIN Fonder 503 582  2,76 2,76 31.01.2026   7 Lemonsoft Oyj 468 401 69 876 2,56 2,56 25.02.2026    The company is unlikely to have sold its own shares to the majority owner, so it is either Joki-Hollanti, eQ, or one of the Funds (Fonder). It will be interesting to see whether they are starting a serious takeover bid or just taking the easily available shares off the market. If Rite seriously wants to corner the minority shareholders, it is already possible with that ownership stake. After that, it could certainly be quite challenging to arrange any more IPOs for their portfolio companies. I previously looked into the company’s listed holdings: Nelly Group, CDON, Söder Sportfiske, and Lemonsoft. In the longer term, the share price performance doesn’t look too festive (except for Nelly, which only recently collapsed but has risen significantly in the long run). Rite’s majority owner stated in a KL news article last autumn that the company had generated a 44% CAGR for its owners, so they certainly know how to generate high returns somehow. In the cases of Lemonsoft and Söder Sportfiske, shares were sold at a good price during the IPO and then bought back cheaper from the market. I wonder if the intention is to increase the value of the companies on the exchange and buy undervalued stock, or to take the companies private at a discount? Given the stock exchange release that came in the middle of the night over the weekend, there is a slight fear of the latter. I’m waiting with interest to see what the analysts think of this move. As a new owner, I’ll keep holding the shares and see how things progress. Buy the ticket, enjoy the ride.

I wonder if in this case, at some point, more devalued shares will be acquired from the market, followed by a bid to take the company private with some consortium? Right now, SaaS companies are being priced at bargain-bin levels on the stock exchange… Edit: For example Rite Ventures, Kari Joki-Hollanti and someone else?

"In stock exchange trades, the highest price paid for the shares was EUR 4.67 per share. Rite Ventures is obligated to launch a mandatory public tender offer for all shares in Lemonsoft. In the offer, Rite Ventures offers a cash consideration of EUR 4.67 per share." " Kari Joki-Hollanti , who owns approximately 26.17 percent of Lemonsoft’s shares and voting rights, has irrevocably committed not to accept the offer for the shares in his possession." Rite Ventures’ stake in Lemonsoft shares rose above 50 percent – mandatory tender offer coming | Kauppalehti

Kauppalehti today: “19:20  *** Rite Ventures announces a tender offer for Lemonsoft shares, the company’s stake has risen to over 50 percent” I couldn’t find any other information.

High trading volume for Lemonsoft today, €3.4M following large block trades. It will be interesting to see if there will be any flagging notifications, as 2.5% of the shares changed hands.

I’ve reached the same conclusion in my own work - though from a slightly different perspective. In my opinion, it’s not so much about new entrants entering the market but rather about the decrease in the cost of self-development. I recently received an assignment to consider the buy vs. build setup in the AI era from a company slightly larger than Lemonsoft’s scope that is considering an ERP renewal. It’s clear that AI has shifted the buy vs. build balance in favor of in-house construction. With a slightly larger development investment, you could theoretically get a solution where you don’t have to pay licensing costs, which are by far the largest component in any long-term TCO calculation. However, the modeling fairly quickly concluded that:  The AMS for an AI-developed solution is practically infinite, whereas the opex costs of a more traditional SaaS solution are predictable and manageable. Many CFOs prefer the latter. A SaaS company’s R&D still scales across the entire customer base, and one can’t afford to spend more than a fraction of a percent on in-house development compared to an ERP provider’s development budget. In practice, AI-assisted development quickly creates a significant legacy mess, while a SaaS solution stays “evergreen” without any effort. An ERP provides the necessary GAAP etc. processing out-of-the-box. Building these yourself offers no competitive advantage when talking about traditional finance and supply chain ERPs.  Build could become sensible if we’re talking about, for example, more complex business (e.g., configurable products and an associated service component) that a typical ERP might not handle very well without add-ons or other customizations. In such cases, a competitive advantage could be created by tailoring the ERP to the processes and not the other way around - which is how the current paradigm works. As I understand it, Lemonsoft is used specifically for these basic functions that are shielded from competitive advantage considerations. Lemonsoft is also protected by the size of its customers - even in the AI era, the capabilities of the SME (PK) sector won’t rise in the big picture to a level where maintaining a custom solution would be reasonably trivial. But, the lowering costs of application development do limit the kind of premium SaaS companies can charge in the future. When you combine this with the fact that AI solutions on top of software are no longer things that can be duplicated with zero marginal cost, I’m not at all surprised that valuations have come down due to pressure on both the top and bottom lines, alongside increased uncertainty.

Lemonsoft

Lemonsoft Oyj | Company Release | March 13, 2026 at 17:00:00 EETCorrection to the release published on 11 March 2026. Transaction-specific details relating to Rite LS SPV AB have been amended...

<div class="mfn-header mfn-header-finland">Lemonsoft Oyj | Company Release | March 13, 2026 at 17:00:00 EET</div><div class="mfn-correction">Correction to the release published on 11 March 2026. Transaction-specific details relating to Rite LS SPV AB have been amended in the release. The full release is set out below.</div><div class="mfn-body">Person subject to the notification requirement Name: Rite LS SPV AB Position: Closely associated person (X) Legal person (1): Person Discharging Managerial Responsibilities In Issuer Name: Christoffer Häggblom Position: Member of the Board (2): Person Discharging Managerial Responsibilities In Issuer Name: Michael Richter Position: Member of the Board Issuer: Lemonsoft Oyj LEI: 743700OHBVFFCVF69E45 Notification type: AMENDMENT Reference number: 146240/14/14 Amendment comment: Transaction-specific details have been amended to the notification<hr>Transaction date: 2026-03-06 Outside a trading venue Instrument type: SHARE ISIN: FI4000512678 Nature of transaction: ACQUISITION Transaction details (1): Volume: 2708929 Unit price: 4.6549 EUR Aggregated transactions (1): Volume: 2708929 Volume weighted average price: 4.6549 EUR<hr>Transaction date: 2026-03-06 Venue: FIRST NORTH GROWTH MARKET FINLAND (FSME) Instrument type: SHARE ISIN: FI4000512678 Nature of transaction: ACQUISITION Transaction details (1): Volume: 128684 Unit price: 4.67 EUR (2): Volume: 26935 Unit price: 4.67 EUR (3): Volume: 200000 Unit price: 4.67 EUR Aggregated transactions (3): Volume: 355619 Volume weighted average price: 4.67 EUR<hr>Transaction date: 2026-03-06 Outside a trading venue Instrument type: SHARE ISIN: FI4000512678 Nature of transaction: ACQUISITION Transaction details (1): Volume: 1988866 Unit price: 4.6549 EUR Aggregated transactions (1): Volume: 1988866 Volume weighted average price: 4.6549 EUR</div><div class="mfn-footer mfn-contacts mfn-0b26908cadd1">Further information<hr>Alpo Luostarinen CEO <a href="mailto:alpo.luostarinen@lemonsoft.fi" rel="noopener">alpo.luostarinen@lemonsoft.fi</a> +358 50 911 3507Mari Erkkilä CFO <a href="mailto:mari.erkkila@lemonsoft.fi" rel="noopener">mari.erkkila@lemonsoft.fi</a> +358 40 768 1415Certified Adviser: Aktia Alexander Corporate Finance Oy, +358 50 520 4098</div><div class="mfn-footer mfn-about mfn-c4559429cbbb">About Us<hr>Lemonsoft is a Finnish software company that designs, develops and sells ERP software solutions to streamline its customers’ processes across different business lines and administration. The extensive offering of software solutions and related services enables the Company to provide its customers with holistic service. The Company’s standardised and scalable software solutions are delivered mainly from the cloud and are based on the SaaS model in which customers pay a monthly service fee for the use of the software. The Company operates in the ERP software market in Finland primarily as a service provider for SMEs. The Company’s customer base consists of customers from especially industrial manufacturing, wholesale and retail, professional services automation, construction and accounting.</div>