Insider information, profit warning: LeadDesk Plc lowers its 2023 guidance for revenue and profitability

LeadDesk Plc, Press Release, 20.9.2023 at 14.18

LeadDesk Ltd Unofficial Translation of Company Release 20/9/2023 at 2.09 pm. In case the document differs from the original, the Finnish version prevails.

LeadDesk Plc lowers its 2023 guidance for revenue and profitability.

The company expects annual revenue growth in 2023 to be 3-7% (previously: 6-14%) and profitability measured by EBITDA to be 10-15% (previously: 11-16%). The guidance does not take into account the impact of significant acquisitions on the revenue or profitability.

Background for updating guidance

In the previous year, approximately 38% of the company's revenues were in Norwegian and Swedish krona. Norwegian and Swedish krona have depreciated significantly this year. This will have an estimated impact of four percentage points on the company's revenue growth reported in euros.

Due to exchange rates, lower-than-forecast revenue also puts pressure on profitability.

The third quarter business review will be published on 25.10.2023.

New guidance for 2023

The company expects annual revenue growth in 2023 to be 3-7% and profitability measured by EBITDA to be 10-15%. The guidance does not take into account the impact of significant acquisitions on the revenue or profitability.

Previous guidance for 2023

In connection with the financial statements publication on 23.2.2023, the company advised annual revenue growth of 6-14% and profitability measured by EBITDA margin to be 11-16%. The guidance does not take into account the impact of significant acquisitions on net sales or profitability.

LeadDesk Plc

Board of Directors

More information

Olli Nokso-Koivisto, CEO, LeadDesk Plc

[phone]

[e-mail]
 

Certified advisor:

Oaklins Merasco Ltd, tel. [phone]
 

LeadDesk Plc in brief

LeadDesk is a fast-growing and internationalising software company, operating in the cloud-based software market in Europe. The company offers the LeadDesk cloud service for sales and customer service and has grown to a leading cloud service vendor in sales and customer service in the Nordics. In 2022, the company's revenue was E28.1 million. The international revenue share was approximately 58%. LeadDesk's shares are traded in the Nasdaq First North Finland market under the ticker LEADD. The company has offices in seven European countries. The LeadDesk cloud service is used by ca. 1900 customers around the world.  www.leaddesk.com

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