Easor - Automator of routine tasks for accounting firms

Well, that was a bit of a strange report, if I can say so directly. It feels like this was made just to keep the paying customer happy. :grinning_face:

At times it’s emphasized that Easor isn’t growing in Finland because of competition, because of the market, because of the position of the moon, and then it’s emphasized that there are good prerequisites for growth by creating a competitive advantage with software that connects the accounting firm and the company, and through the resulting growth in the accounting field. Then Sweden is skipped over in a few sentences because, in fact, it’s hard to succeed in Sweden too, and they move on to warmer countries, where future growth will fortunately be achieved.

So, no growth in Finland, no growth in Sweden, a hockey stick in Spain without their own accounting software, and the way is clear in Italy later. And here is the forecast for the future:

Meanwhile, in Finland, competitors are growing at double-digit percentages, some starting with a 3, and in Sweden, smaller software providers are also growing while Fortnox dominates the market, but not Easor.

You’ve got to have balls of steel to predict such a good future for Easor from these starting points. :grinning_face_with_smiling_eyes:

Luckily, the success of this strategy is probably reflected in the stock’s risk indicators?

I don’t know, I’ve never been able to interpret these circles, but the risks could be 5/5 with these forecasts.

I’ll throw my own forecast into the ring and predict revenue growing at a low single-digit level for the next 5 years, with earnings per share being between 0-3 cents during the same period. Based on the fact that the product isn’t competitive in the main markets and they need to invest at least as much in new markets as Aallon Group is investing in its own software. :upside_down_face:

@Atte_Riikola don’t get mad, this is just one opinion and I’m sure many will disagree.

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