Here is Atte’s preview as Lemonsoft reports its Q1 results on Wednesday, April 29th ![]()
We expect the company’s revenue and adjusted operating profit to have declined slightly from the comparison period, reflecting continued subdued organic growth. In the report, we are particularly following Lemonsoft’s comments on the development of the market situation. In its Q4 report, the company commented that it already sees small signs of recovery in the industrial and wholesale sectors, although since then, the war in Iran has increased uncertainty regarding the recovery of the Finnish economy. In our view, Lemonsoft’s valuation has fallen to very low levels due to AI fears. A mandatory takeover bid by the main owner Rite Ventures is also underway, as Rite Ventures increased its ownership in the company above the 50% threshold earlier this year.