LEMONSOFT OYJ – INSIDE INFORMATION – 22.11.2022 AT 12.00 EET

Lemonsoft Oyj has decided to initiate change negotiations in the Lemonsoft Group in accordance with the Cooperation Act. The objective of the negotiations is to support a more efficient organization of the company's operations, to eliminate overlaps with businesses acquired and to achieve synergy benefits within the group.

In connection with the ongoing strategy update, Lemonsoft is considering moving to an industry-driven organizational model. The goal of the reorganization is to clarify responsibilities and improve customer service within each industry.

The negotiations include employees of Lemonsoft Oyj, Planmill Oy and Lixani Oy. Lemonsoft estimates the personnel reduction need to be less than 10 employees. About 130 employees in Finland are included in the change negotiations. Lemonsoft group employs a total of about 185 people.

Contacts

Kari Joki-Hollanti
CEO
kari.joki-hollanti@lemonsoft.fi
+358 44 730 9271

Alpo Luostarinen
Director, M&A and IR
alpo.luostarinen@lemonsoft.fi
+358 50 911 3507

Certified Adviser:
Danske Bank A/S, Finland Branch, +358 40 841 3052

About Us

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.

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