Admicom (ADMCM) AGM 2025 summary

Opening remarks and agenda

• New CEO Simo Leisti introduced, expressing optimism about leveraging digitalization, data, and AI in target industries.

• Gratitude expressed to the board for trust and to shareholders for support.

Financial performance review

• Recurring annual billing grew by about 10% and total revenue increased by approximately 4% despite a challenging market.

• Profitability remained strong, though slightly lower than the previous year due to reduced balancing invoices.

• Company maintains a strong balance sheet, positive cash flow, and distributable profits.

• Customer bankruptcies and voluntary churn slowed growth, but new sales and upselling were positive.

• Only about 6% of revenue is non-recurring, with a shift to focus internal development over external project billing.

Board and executive committee updates

• Leadership structure simplified to enable faster decision-making and support accelerated growth.

• New management roles clarified, with a search ongoing for a new strategy director.

• Satu Helmo appointed as CFO and deputy CEO, with other key leaders named for growth, product, technology, and HR.