Innofactor Financial Statement and

Interim Report Q1/2023

April 25, 2023, Markku Puolanne, CFO #ModernDigitalOrganization | #HybridWork | #PeopleFirst | #CreatingSmiles

© Innofactor Plc | April 25, 2023 | Page 1

Innofactor's Business

Driving the Modern Digital Organization in the Nordic Countries

Innofactor - Leading Nordic Driver of Modern Digital Organization

•

Over 500 Nordic

•

Over 1,000 Nordic

professionals

customers

•

7 Microsoft Solution Partner

•

Strong industry

designations

knowledge in private,

•

10+ Microsoft Partner

public and membership-

Awards

based organizations

© Innofactor Plc 2021

  • Revenue 71+ MEUR and EBITDA 11% (2022)
  • 16 offices in Nordic countries
  • Listed in Helsinki Stock Exchange (NASDAQ Helsinki), 12,000 shareholders

Leading Advisor in Microsoft Cloud

Infra and Database Migration to

Microsoft Azure specialization

Modernization of Web Applications to

Microsoft Azure Specialization

Microsoft Modern Work Adoption and

Change Management Specialization

Microsoft Identity and Access

Management Specialization

Start Up -

#1 in Selected

#1 Microsoft-based

Everything for Everyone

Micro Segments

Provider in Finland

#1 Microsoft-based Provider in the

#1 Provider of Cloud Solutions and Digital

  • Innofactor founded by Sami Ensio in Jan 2000
  • Innofactor's first Microsoft- based product "Prime" released

100 Revenue

90

Employees

80

70

60

50

40

30

+91 %

20

/ year

10

0

Revenue, M€

•

Microsoft SharePoint

•

CRM, BI and case

pioneer

management included

•

First M&A activities

in the offering

•

Reverse IPO,

NASDAQ Helsinki

+47 % / year

+67 % / year

Nordics

  • Cloud transition
  • Several acquisitions in the Nordic countries

+33 % / year

Transformation in the

Nordics

  • Harmonizing offering across the Nordics

• 20% growth and

1000

20% EBITDA new long-

term financial target

900

800

700

600

500

400

300

200

100

0

Employees

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 20212022

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Disclaimer

Innofactor Oyj published this content on 25 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 April 2023 09:47:01 UTC.