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Efecte

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Extensive report

Analyst

Antti Luiro

Antti Luiro

Analyytikko

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Mikael Rautanen

Mikael Rautanen

Toimitusjohtaja, analyytikko

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Net impact profile

Stock release
1.3.
2021

EFECTE PLC -- COMPANY ANNOUNCEMENT -- 1 March 2021 at 17.15

Efecte Plc: Disposal of own shares for one-time employee share reward

Stock release
1.3.
2021

 EFECTE PLC -- COMPANY ANNOUNCEMENT -- 1 March 2021 at 13.45

Correction: Efecte Plc’s Notice of the Annual General Meeting 2021

Stock release
25.2.
2021

EFECTE PLC -- COMPANY ANNOUNCEMENT -- 25 February 2021 at 8.30

Efecte Plc’s Financial Statements 2020 have been published

Efecte Plc has published the report of the board of directors and the financial statements for year 2020. The financial statements includes the consolidated financial statements, the parent company financial statements and the auditor’s report. The financial statements have been prepared according to the Finnish Accounting Standards (FAS).

The financial statements are attached to this release and are available on company's website.

Stock release
25.2.
2021

EFECTE PLC -- COMPANY ANNOUNCEMENT -- 25 February 2021 at 8.30

Efecte Plc: Notice of the Annual General Meeting

Stock release
25.2.
2021

EFECTE PLC -- COMPANY ANNOUNCEMENT -- 25 February 2021 at 8.30

Efecte Plc: Option program 2021

Based on the authorization granted by the Annual General Meeting of Shareholders held on 22 April 2020, the Board of Directors of Efecte Plc has resolved on a new stock option program on the terms enclosed hereto.

Stock release
25.2.
2021

EFECTE PLC  --  FINANCIAL STATEMENTS BULLETIN 2020 --  25 FEBRUARY 2021 at 8.30

Efecte Plc's Financial Statements Bulletin 2020 – Strong SaaS growth and positive EBITDA

10-12/2020:

  • SaaS grew by 25% and international SaaS by 43%
  • EBITDA was 0.2 million euro (-0.2) and operating profit 0.0 million euro (-0.3)
  • EBIT profitability improved from -9% to 1%
  • COVID-19 impact on services started to decrease
  • Significant product release, including the AI-enabled Virtual Coach feature

1-12/2020:

Stock release
24.2.
2021

EFECTE PLC -- COMPANY ANNOUNCEMENT -- 24 February 2021 at 9:45 am

Efecte Plc: Share subscriptions with options

A total of 28,500 shares of Efecte Plc have been subscribed for with 2011 stock options. The shares have been registered into the trade register on 24 February 2021, as of which date the new shares will carry equal shareholder rights with the company’s existing shares. Public trading begins on Nasdaq First North Growth marketplace operated by Nasdaq Helsinki Ltd as of 25 February 2021 together with the existing shares.

Stock release
15.2.
2021

EFECTE PLC -- PRESS RELEASE -- 15 February 2021 at 13.45

Efecte Plc: Publishing of Financial Statements Bulletin 2020 on 25 February 2021 and invitation to a briefing

Efecte Plc will publish the Financial statements bulletin for year 2020 on Thursday 25 February 2021, approximately at 8.30 Finnish time.

Stock release
22.1.
2021

EFECTE PLC -- COMPANY ANNOUNCEMENT -- 22 January 2021 at 2:45 pm

Correction: Efecte Plc: Share subscriptions with options 14 December 2020

Company report
22.12.
2020

Thanks to its successful SaaS transformation, Efecte has positioned itself well as a European option for global giants on the Enterprise Service Management market that is transitioning towards cloud-based solutions. There have been some bumps in Efecte’s story since the 2017 IPO, but under new management in the past two years, the company has built a base for profitable growth and found a stable gear for long-term growth.

Efecte

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Efecte lyhyesti

Efecte is a Finnish software company offering cloud-based (Software as a Service, SaaS) service and identity management solutions, supported by professional services. They streamline and simplify management of services, IT systems and infrastructure in organizations. Efecte’s two main markets are IT Service Management (ITSM) and Identity and Access Management (IAM). ITSM consists of the design, implementation, management, and development of corporate IT systems. IAM technology is utilized in the creation, management and storage of user identities. We are one of the leading software vendors for large, medium-sized and public organizations in Finland and the Nordic countries. Our company was established in 1998 and is listed on the Nasdaq First North marketplace since 2017. We operate in Finland, Sweden, Denmark, and Germany. In 2017, our turnover was 10.6 million euros. We have around 300 customers, and employ around 100 software business professionals. In a digitalizing world, software is bought increasingly as a cloud service Most organizations use several IT systems, and often the IT services are at least to some extent outsourced. Then, the management of services and continuous monitoring of the suppliers’ agreed service level may pose a challenge. With Efecte’s solutions, the clients will find it easier to manage, monitor, and develop their IT systems and services as a whole. Our solutions can be taken into use quickly, and they scale easily. They provide our clients with modest total cost of ownership, excellent user experience, and equipment-independent user interface.