Tässä taas hieman jobinpostia pörssin sulkeuduttua. Mikään ei ole siis muuttunut…
Toivotaan, että uudet rekrytoinnit auttaa yhtiötä kohti tavoitteita.
Paikkoja täytetty.
Onpa hiljaista palstalla. Jos tuo Ruotsin strateginen yhteistyö kantaisi Digitalistia tulevina vuosina?
they will probably buy back their shares because they are damn cheap and I would make money in Russia in their place, since IT service is welcome there. There are very few competitors, many have left because of sanctions, but there are those who remain, this increases profitability and cash flow.
Mikähän oli meininki kokouksessa?
Mikäs tämän firman olemassaolon funktio on sijoittajalle,voisko joku avata kun näyttää että elää mutta ei voi hyvin.
Taitaa olla vain rikkaiden vero juttuja tämä firma.
Tässä on Salkunrakentajan Jorma Erkkilän juttu Digitalist Groupista. ![]()
Muutosneuvotteluilla Digitalist Finland pyrkii parantamaan kannattavuutta, keventämään kustannusrakennetta ja varautumaan muuttuneen markkinatilanteen aiheuttamiin taloudellisiin ja tuotannollisiin vaikutuksiin, kuten työn tarjoamisedellytysten tilapäiseen tai pysyvään vähenemiseen.
Digitalist Groupin tytäryhtiö teki yritysoston, alla on KL:n juttu siitä. Ei maksumuuria.
Digitalist Finland Oy on allekirjoittanut aiesopimuksen Walker & Handson Oy:n ostamisesta vahvistaakseen johtoaan ja teknologia- sekä desing-liiketoimintaansa, Digitalist Finldandin omistaja ja sopimuksen kolmas allekirjoittaja teknologiayhtiö Digitalist Group tiedotti lauantaipäivänä.
Digitalist released a slightly longer announcement today.
Subheadings of the release:
- Inside information: Digitalist Group reorganizes its operations and lowers its previous guidance on revenue development
- Digitalist Group sells its wholly-owned subsidiary FutureLab & Partners AB
- Digitalist Group has signed a final agreement to acquire Open Communications International AB
- Digitalist Group focuses on its core operations in the European markets
- Change in revenue guidance
Up +19% in a month, does someone know something? What’s rocking the boat…
Highly followed and much-discussed Digitalist issued a profit warning
Below is the fresh release issued by the company:
Digitalist Group Plc Inside Information Oct 17, 2024, at 20:15
Digitalist Group Plc lowers its previous guidance for revenue and EBITDA development
Digitalist Group Plc (“the Company”) is lowering its previous guidance for revenue and EBITDA development. The new guidance is: In 2024, revenue and EBITDA are expected to decrease compared to 2023.
The Company’s previous guidance was: In 2024, revenue was expected to remain at the same level and EBITDA was expected to develop positively compared to 2023.
Although the third-quarter result has improved compared to the beginning of the year and we are cautiously optimistic about the fourth quarter, we do not expect to reach last year’s reported EBITDA, which included EUR 1.0 million in other operating income. Operationally, excluding the impact of this other income, we expect the current financial year to be stronger than the previous year.
Here are a few announcements from Digitalist. ![]()
1. Management sales 2. Financing announcement 3. Q3 report
DISPOSAL:
Board of Directors: ordinary member Wilhelm Rosenlew
Volume: 520,000 Average price: 0.01823 EUR
“FINANCING ANNOUNCEMENT”
Digitalist Group Plc Inside information 28 October 2024 at 10:30
Digitalist Group Plc rearranges its financing
Digitalist Group Plc (”Digitalist Group” or the ”Company”) has agreed with Turret Oy Ab (”Turret”) on a loan of 1,000,000 euros (the ”Loan”) to strengthen the Company’s working capital. The Company has the right to draw down the Loan in installments by 31 December 2025. The Loan has been agreed on market terms and matures for payment on 31 December 2026.
Turret is the largest shareholder of Digitalist Group.
In accordance with the provisions of the Limited Liability Companies Act regarding related party transactions, Digitalist Group’s Board members Paul Ehrnrooth and Peter Eriksson have not participated in the decision-making related to the Loan.
DIGITALIST GROUP PLC
INTERIM REPORT:
DIGITALIST GROUP PLC STOCK EXCHANGE RELEASE 25 October 2024 at 9:00
Digitalist Group Plc’s management interim review for the period 1 January – 30 September 2024
SUMMARY
July - September 2024 (comparison figures for 2023 in parentheses):
- Net sales 3.6 million euros (3.6 million euros), a decrease of -0.8%.
- EBITDA -0.2 million euros (0.4 million euros*), -5.0% of net sales (12.1%).
- EBIT -0.3 million euros (0.2 million euros*), -8.7% of net sales (6.6%).
- Result for the review period -1.5 million euros* (-0.5 million euros*), -40.8% of net sales (-13.2%)
- Earnings per share -0.00 (-0.00) euros.
- Earnings per share (diluted) -0.00 (-0.00) euros.
*) EBITDA, operating result (EBIT), and net result for the comparison period include a capital gain of 0.6 million euros recognized from the divestment of FutureLab.
January - September 2024 (comparison figures for 2023 in parentheses):
- Net sales 11.5 million euros (12.5 million euros), a decrease of -8.4%.
- EBITDA -1.3 million euros* (-0.5 million euros*), -11.5% of net sales, (-3.9%).
- EBIT -1.7 million euros* (-1.1 million euros*), -14.4% of net sales (-8.8%).
- Result for the review period -4.0 million euros (-2.5 million euros*), -35.0% of net sales (-19.7%).
- Earnings per share -0.01 (-0.00) euros.
- Earnings per share (diluted) -0.00 (-0.00) euros.
- Number of personnel at the end of the review period 126 (138), a decrease of -9%.
*) EBITDA, operating result (EBIT), and net result for the comparison period include a capital gain of 0.6 million euros recognized from the divestment of FutureLab.
CEO’s Review
The third quarter of 2024 has been another step for Digitalist Group toward profitable business. Although there were no significant events this quarter, we see the market situation slowly improving in Sweden. However, Finland’s weak economy continues to affect our business in the region.
Our net sales for the quarter remained at the level of the corresponding period last year, amounting to 3.6 million euros. EBITDA for the third quarter of 2024 was -0.2 million euros, compared to 0.4 million euros in the corresponding period last year, which included a capital gain of 0.6 million euros from the divestment of FutureLab. This highlights the need for continuous operational efficiency and cost management.
A significant highlight of the quarter was the launch of our first AI product, Digitalist Private AI Hub, in September. This platform enables companies to utilize generative AI without compromising on data security or GDPR requirements. We believe this innovative solution gives us a strong position to meet the growing demand for secure AI applications in both the corporate and public sectors. This new offering has already brought us customers such as Sandå and Pinmeto. Other new customers acquired during the third quarter include DNA, the City of Tampere, and Pricer.
Regarding the future, I am cautiously optimistic. Sweden’s improving market situation creates a foundation for growth, and we are committed to addressing Finland’s challenges with ongoing measures and a continuous focus on operational efficiency.
I express my sincere thanks to all our employees for their dedication and hard work. Together, we are moving toward a stronger future for Digitalist Group.
/CEO Magnus Leijonborg
FUTURE OUTLOOK
In 2024, net sales and EBITDA are expected to decrease compared to 2023.
EVENTS AFTER THE REVIEW PERIOD
Digitalist Group Plc lowers its previous guidance on the development of net sales and EBITDA on 17 October 2024
Digitalist Group Plc (“the Company”) lowers its previous guidance on the development of net sales and EBITDA. The new guidance is:
In 2024, net sales and EBITDA are expected to decrease compared to 2023.
The Company’s previous guidance was:
In 2024, net sales are expected to remain at the same level and EBITDA is expected to develop positively compared to 2023.
Although the third-quarter result has improved compared to the beginning of the year and we are cautiously optimistic about the fourth quarter, we do not expect to reach last year’s reported EBITDA, which included 1.0 million euros of other operating income. Operationally, without the impact of this other income, we expect the current financial year to be stronger than the previous year.
Stock exchange releases can be read on the company’s website at https://digitalist.global/investors/releases
Despite the efficiency measures and financing arrangements implemented, the cash flow for the next 12 months is predicted to likely be negative. However, at the time of publishing the interim report, the company estimates that its working capital is sufficient for the needs of the next 12 months, taking into account the support provided by the main owner if necessary.
DIGITALIST GROUP PLC
Board of Directors
Below are some recent or fairly recent announcements:
1. Wilhelm Rosenlew’s Sales
2. Strengthening Digitalist Group Plc’s Balance Sheet and Converting Convertible Bonds into Equity-like Loans
1. Wilhelm Rosenlew’s Sales
Volume: 275834 Average price: 0.01282 EUR
Volume: 663488 Average price: 0.01337 EUR
Volume: 41985 Average price: 0.01826 EUR
2. Strengthening Digitalist Group Plc’s Balance Sheet and Converting Convertible Bonds 2021/1, 2021/2, 2021/3 and 2021/4 into Equity-like Loans
Digitalist Group Plc Insider Information 30.12.2024 at 17:00
Digitalist Group Plc (“Digitalist Group” or “the Company”) has decided, in order to strengthen the Company’s balance sheet, to exercise the right offered by Turret Oy Ab (“Turret”) and Holdix Oy Ab (“Holdix”) to convert a total of EUR 3,860,763.17 + interest EUR 861,271.93 from the principal amounts and interest of the convertible bonds subscribed by Turret and Holdix (individually “Convertible Bond” or collectively “Convertible Bonds”) 2021/, 2021/2, 2021/3 and 2021/4 into a capital loan in accordance with Chapter 12 of the Companies Act, as presented below.
Conversion of Convertible Bond 2021/1
The principal amount of the convertible bond subscribed by Turret, totaling EUR 650,000 plus accrued interest, will be converted into a capital loan. After the conversion, the essential main points of the Convertible Bond 2021/1 and the terms and conditions of the special rights attached thereto (“Terms”) are as follows:
- The amount of Convertible Bond 2021/1 is EUR 650,000, which is entirely a capital loan in accordance with Chapter 12 of the Companies Act;
- Annual interest of 6 percent shall be paid on the principal of Convertible Bond 2021/1;
- The principal and interest of the loan may only be paid to the extent that the Company’s unrestricted equity and the total amount of all capital loans at the time of payment exceed the amount of loss according to the Company’s balance sheet confirmed for the latest financial year or included in a more recent financial statement;
- The maximum number of new Digitalist Group Plc shares to be issued based on the conversion right attached to Convertible Bond 2021/1 is 65,000,000 shares;
- The conversion price of the share (meaning the share-specific subscription price of the share in accordance with the Companies Act) shall be the trade-weighted average price of the Company’s share on Nasdaq Helsinki Ltd during the six (6) months preceding the submission of the Conversion Notice as defined in Section 13 of the Terms of Convertible Bond 2021/1, provided, however, that bonds 1-2 can be converted into a maximum of 25,000,000 new Company shares and bond 3 can be converted into a maximum of 15,000,000 new Company shares. The share conversion price will be adjusted in accordance with Sections 15 and 16 of the Terms of Convertible Bond 2021/1; and
- The loan period is 30.3.2021 – 30.9.2026, and Convertible Bond 2021/1 with interest will be repaid in a single installment on 30.9.2026.
Conversion of Convertible Bond 2021/2
The principal amount of the convertible bond subscribed by Holdix, totaling EUR 350,000 plus accrued interest, will be converted into a capital loan. After the conversion, the essential main points of the Convertible Bond 2021/2 and the terms and conditions of the special rights attached thereto (“Terms”) are as follows:
- The amount of Convertible Bond 2021/2 is EUR 350,000, which is entirely a capital loan in accordance with Chapter 12 of the Companies Act;
- Annual interest of 6 percent shall be paid on the principal of Convertible Bond 2021/2;
- The principal and interest of the loan may only be paid to the extent that the Company’s unrestricted equity and the total amount of all capital loans at the time of payment exceed the amount of loss according to the Company’s balance sheet confirmed for the latest financial year or included in a more recent financial statement;
- The maximum number of new Digitalist Group Plc shares to be issued based on the conversion right attached to Convertible Bond 2021/2 is 35,000,000 shares;
- The conversion price of the share (meaning the share-specific subscription price of the share in accordance with the Companies Act) shall be the trade-weighted average price of the Company’s share on Nasdaq Helsinki Ltd during the six (6) months preceding the submission of the Conversion Notice as defined in Section 13 of the Terms of Convertible Bond 2021/2, provided, however, that bonds 1-2 can be converted into a maximum of 10,000,000 new Company shares and bond 3 can be converted into a maximum of 15,000,000 new Company shares. The share conversion price will be adjusted in accordance with Sections 15 and 16 of the Terms of Convertible Bond 2021/2; and
- The loan period is 30.3.2021 – 30.9.2026, and Convertible Bond 2021/2 with interest will be repaid in a single installment on 30.9.2026.
Conversion of Convertible Bond 2021/3
From the principal amount of the convertible bond subscribed by Turret, EUR 1,951,597.56 plus accrued interest will be converted into a capital loan. After the conversion, the essential main points of the Convertible Bond 2021/3 and the terms and conditions of the special rights attached thereto (“Terms”) are as follows:
- The principal amount of the convertible bond is EUR 13,010,650.50, which, including interest, is entirely a capital loan in accordance with Chapter 12 of the Companies Act;
- Annual interest of 6 percent shall be paid on the principal of the convertible bond;
- The principal and interest of the loan may only be paid to the extent that the Company’s unrestricted equity and the total amount of all capital loans at the time of payment exceed the amount of loss according to the Company’s balance sheet confirmed for the latest financial year or included in a more recent financial statement;
- The maximum number of new Digitalist Group shares to be issued based on the conversion right attached to Convertible Bond 2021/3 is 1,301,065,060 shares;
- Convertible Bond 2021/3 is divided into a total of twenty (20) bonds, each with a nominal value of EUR 650,532.52;
- The conversion price of the share (meaning the share-specific subscription price of the share in accordance with the Companies Act) shall be the trade-weighted average price of the Company’s share on Nasdaq Helsinki Ltd during the six (6) months preceding the submission of the Conversion Notice as defined in Section 13 of the Terms of Convertible Bond 2021/3, provided, however, that each bond can be converted into a maximum of 65,053,253 new Digitalist Group shares. The share conversion price will be adjusted in accordance with Sections 15 and 16 of the Terms of Convertible Bond 2021/3;
- The loan period is 20.4.2021 – 30.9.2026, and Convertible Bond 2021/3 with interest will be repaid in a single installment on 30.9.2026.
Conversion of Convertible Bond 2021/4
From the principal amount of the convertible bond subscribed by Holdix, a total of EUR 909,165.51 plus accrued interest will be converted into a capital loan. After the conversion, the essential main points of Convertible Bond 2021/4 and the terms and conditions of the special rights attached thereto (“Terms”) are as follows:* The principal amount of the convertible bond is 6,061,103.57 euros, which, including interest, is entirely a capital loan (pääomalaina) according to Chapter 12 of the Companies Act;
- Annual interest of 6 percent is paid on the principal amount of the convertible bond;
- The principal and interest of the loan may only be paid to the extent that the Company’s distributable equity (vapaa oma pääoma) and the total amount of all capital loans at the time of payment exceed the amount of loss shown in the Company’s balance sheet for the most recently concluded financial period or a more recent financial statement;
- The maximum number of new Digitalist Group shares to be issued based on the conversion right attached to Convertible Bond 2021/4 is 606,110,360 shares;
- Convertible Bond 2021/4 is divided into a total of ten (10) bonds, each with a nominal value of 606,110.36 euros;
- The conversion rate (which refers to the subscription price per share according to the Companies Act) used for the share is the volume-weighted average price of the Company’s share traded on Nasdaq Oy’s Helsinki Stock Exchange during the six (6) months preceding the submission of the Conversion Notice as defined in section 13 of the terms and conditions of Convertible Bond 2021/4, provided however that each bond can be converted into a maximum of 60,611,036 new Digitalist Group shares. The share conversion rate will be adjusted in accordance with sections 15 and 16 of the Terms and Conditions of Convertible Bond 2021/3;
- The loan period is from April 20, 2021, to September 30, 2026, and Convertible Bond 2021/4, including interest, will be repaid in a single installment on September 30, 2026.
What has happened with this company or what news has been released?
The rise has just been strong and I haven’t noticed anything.
The financial statement release came out, after which the rise began.
There is a growth forecast for this and coming years. EBITDA has improved.
And additionally, the company has secured financing. Those are probably the elements. And the share price has been valued at its lows.