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Digia

Analyst

Joni Grönqvist

Joni Grönqvist

Analyytikko

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Stock release
22.2.
2021

Digia Plc
Stock exchange release
22 February 2021 at 12:00 pm

Digia's Annual Report for the year 2020 has been published in Finnish and in English on company's website, digia.com. A PDF file of the Annual Report 2020 is also attached to this release.

The Annual Report contains the Board of Directors' report and the Auditors' report, the Financial Statements 2020, the Corporate Governance Statement and Remuneration Report.

Third party research
11.2.
2021

Digia's guidance and outlook comments indicate EBITA will decline in 2021E y/y, ending a long streak of improvement. We expect growth to accelerate in 2022-23E and continue to see attractive longer-term growth potential, but for now the share looks fully valued after a strong run. We increase our 12M fair value range to EUR6-8 from EUR6-7.
Stock release
9.2.
2021

Digia Plc
Stock exchange release
9 February 2021 at 3:01 pm

Notice of Digia Plc's Annual General Meeting 2021

Stock release
9.2.
2021

Digia Plc
Financial Statement Bulletin
9 February 2021 at 3:00 pm

Digia Plc's Financial Statement Bulletin 2020

Strong performance during an exceptional year: January-December net sales up 5.5 per cent, operating profit (EBITA) improves by 45.4 per cent

Stock release
7.1.
2021

Digia Plc
Stock exchange release
7.1.2021 at 14:15

Digia Plc announced on December 15, 2020 the signing of an agreement under which Digia Plc will acquire the entire share capital of Climber International AB. The closing conditions of the acquisition have been fulfilled today, and the ownership of Climber International AB has been transferred to Digia as of January 7, 2021.

Stock release
17.12.
2020

Digia Plc
Stock Exchange Release
December 17, 2020 at 10:45

Person subject to the notification requirement
Name: INGMAN DEVELOPMENT OY AB
Position: Closely associated person
(X) Legal person

(1):Person Discharging Managerial Responsibilities In Issuer
Name: INGMAN ROBERT
Position: Member of the Board

Issuer: DIGIA OYJ
LEI: 743700QVAG6OXK5OP587

Notification type: INITIAL NOTIFICATION
Reference number: 743700QVAG6OXK5OP587_20201217090417_2

____________________________________________

Third party research
16.12.
2020

We estimate that the acquisition adds 9% to Digia's 2021E sales and is margin-dilutive initially (4.8% EBIT margin in 2019 vs. Digia 2020E 9.6%). We estimate 2021E net debt / EBITDA of 0.7x after the acquisition vs. 0.1x before it. Therefore, Digia can afford to do even more bolt-on M&A going forward. Valuation on EV/Sales is rouhgly in line with Digia's own, but on EV/EBIT above Digia's due to lower margins.

Stock release
15.12.
2020

Digia Plc
Insider information
15 December 2020 at 9:00

On 15 December 2020, Digia Plc and Climber International AB have signed an agreement whereby Digia Plc will acquire the entire share capital of the Swedish company Climber International AB. It is planned that the acquisition will be implemented on 7 January 2021. After the acquisition, Digia will have more than 300 data integration and business analytics professionals as part of their organisation.

Stock release
4.11.
2020

Digia Plc
Inside information
4 November 2020 at 14:20

The Finnish Transport and Communications Agency (Traficom) and Digia have signed a procurement agreement whereby Traficom will acquire experienced software developers from Digia for system development tasks. During the seven-year contractual period, Traficom expects to acquire Digia expert resources equivalent to a maximum of 50,000 person-work-days.

Digia

Digia

Digia is a profitably growing IT service company that helps its customers harness digital opportunities As a visionary partner, Digia develops and innovates solutions that support business operations together with its customers. We adapt our expertise to their specific industries to help them develop digital services, manage operations and utilise information. We employ approximately 1,000 experts in Finland and Sweden. We are expanding our international presence together with our customers. Digia’s net sales were EUR 96.2 million in 2017. The company is listed on Nasdaq Helsinki (DIGIA). One of our major assets is our profound knowledge and understanding of the core processes of local organisations, and of the supporting operational systems and integrations. Our digital business services give us a bigger role in our customers' value chains. Our service model also includes consultancy, service desing, development partnerships, and life-cycle services. We have solid industry expertise in commercial, logistics and industrial sectors, in the public sector, and in banking and insurance. In Finland, we operate in Helsinki, Jyväskylä, Oulu, Rauma, Tampere, Turku, Vaasa and Lahti. In Sweden, we operate in Stockholm.