Q4 was, in my opinion, a good example of one of the cornerstones of the company’s investment story. –> Improvements in EBITDA flow effectively to the bottom line due to the company’s currently low profitability. Personnel efficiency has also clearly improved now, and recurring services have grown well, which should create more stability in the future.
The company’s business mix has also moved rapidly in a better direction and centered around its own strengths. This will, of course, gain a lot of additional momentum if the BLC Turva acquisition goes through. The poorly performing IT consulting area now accounts for only 20% of revenue, and development there has also stabilized in the sense that utilization rates have been brought to reasonably good levels. The development of security solutions, on the other hand, has been excellent, and there should be conditions for continued good progress, considering that according to the company, large public sector contracts won only began to materialize in Q4.
