IFA1VNasdaq HelsinkiSoftware - ApplicationIFRS · EUR

Innofactor

Innofactor is a Nordic IT company specializing in Microsoft ecosystem solutions. It operates as a system integrator and develops proprietary software products and services, focusing on cloud solutions, data analytics, and cybersecurity. The company aims to be the preferred IT and AI partner in the Nordic region, leveraging its expertise in Microsoft technologies to deliver high-quality, cost-effective solutions. Innofactor is structured into four main business areas: Platforms, Solutions, Code, and Dynasty, each focusing on different aspects of IT services and solutions.

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Revenue77.6m EUR
−3.3 %y/y
Operating profit (EBIT)0.0m EUR
−99.9 %y/y
EBIT margin0.0%
−4.3 ppy/y
Net income0.0m EUR
−92.4 %y/y

Fiscal year 2024 · change from previous year

Development 2019–2024

020406080100m EUR2019: 64 m EUR2019: EBIT 0.42 m EUR20192020: 66 m EUR2020: EBIT 2.5 m EUR20202021: 66 m EUR2021: EBIT 6.5 m EUR20212022: 71 m EUR2022: EBIT 4.8 m EUR20222023: 80 m EUR2023: EBIT 3.4 m EUR20232024: 78 m EUR2024: EBIT 0.00 m EUR2024780.00
RevenueOperating profit (EBIT)
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Business

Share of revenue
Platforms35 %

Cloud infrastructure, data, analytics, and security solutions.

Solutions30 %

Custom IT solutions and system integration services.

Code20 %

Software development and AI-driven automation.

Dynasty15 %

Specialized IT services for public sector clients.

Customers

Innofactor serves a diverse range of customers, primarily focusing on businesses and public sector organizations in the Nordic region. Its clients include approximately 1,000 companies and government entities, who rely on Innofactor for their IT infrastructure, software development, and system integration needs. The company's strong partnership with Microsoft allows it to offer specialized solutions that cater to modern digital organizational needs. Innofactor's customer base values its expertise in the Microsoft ecosystem, which helps them optimize their IT operations and enhance productivity.

Nordic Enterprises

Purchase IT solutions and integration services to enhance operations.

Public Sector

Require specialized IT services and infrastructure support.

SMEs

Seek cost-effective cloud and AI solutions for business growth.

Strategy

Innofactor's strategic priorities include leveraging AI across all operations, enhancing customer-centricity, and offering clear and distinctive solutions. The company aims to strengthen its position as the preferred IT and AI partner within the Microsoft ecosystem in the Nordic region. By focusing on AI-driven process improvements and expanding its service offerings, Innofactor seeks to drive growth and maintain competitive advantage. The company also emphasizes the importance of long-term customer relationships and operational efficiency.

AI IntegrationMedium term

To enhance process efficiency and service offerings.

Customer-CentricityShort term

To build long-term client relationships and trust.

Microsoft Ecosystem FocusLong term

To leverage expertise and partnerships for growth.

Geography

Innofactor operates primarily in the Nordic countries, with offices in Finland, Sweden, Denmark, and Norway. Its headquarters are located in Espoo, Finland. The company's geographic focus on the Nordic region allows it to leverage local market knowledge and establish long-term relationships with clients. Innofactor's presence in these countries supports its strategy to be the leading Microsoft partner in the region, providing tailored IT solutions that meet the specific needs of Nordic businesses and public sector organizations.

Risks

Innofactor faces several business and financial risks, including compliance with international laws and regulations, which could lead to penalties if violated. The company's international expansion strategy exposes it to higher risks compared to domestic operations. Additionally, economic uncertainty can impact client investment decisions, affecting Innofactor's revenue. The company also faces risks related to currency fluctuations and financial liquidity, which it manages through centralized cash management and risk assessment processes.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Economic Uncertainty1Compliance Risk2International Expansion Risk3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Economic UncertaintyImpact: HighLikelihood: High

    Client investment decisions may be delayed or reduced.

  2. Compliance RiskImpact: HighLikelihood: Low

    Non-compliance can lead to penalties and reputational damage.

  3. International Expansion RiskImpact: MediumLikelihood: Low

    Higher costs and operational challenges in new markets.

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Accounting

Judgemental items
Revenue Recognition Timing

Impacts reported revenue based on control transfer.

Currency Translation Adjustments

Affects financial statements due to international operations.

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Last updated: 24/09/2026