Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Kirsi Mettala was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Apr 22
Netum Group Oyj (HLSE:NETUM) acquired Cyberwatch Oy from Matti Mujunen and others. Netum Group Oyj (HLSE:NETUM) acquired Cyberwatch Oy from Matti Mujunen and others on April 21, 2026. The purchase price consists of a cash share and Netum Group Plc’s shares. In addition, an additional purchase price will be paid if the agreed targets are met by 30 June 2027 and 30 June 2028. Cyberwatch Oy will continue to operate as a subsidiary of Netum Group Plc until the end of 2026, but the operations will be unified as of 1 July 2026. The first installment of the purchase price will be paid in the form of 15,000 treasury shares of Netum Group Plc and a cash payment of €0.22 million. The additional purchase price installments can be paid at Netum Group Plc's discretion, either in treasury shares or with cash. The amounts of additional purchase prices depend on separately agreed revenue and EBITA targets.
For the period ending December 31, 2025, Cyberwatch Oy reported total revenue of €0.73 million. Cyberwatch Oy employs nine experts, and its clientele includes approximately 50 companies and public sector operators, both domestically and internationally. Cyberwatch's office is located in Helsinki, Finland.
The transaction has no impact on Netum Group Plc's guidance for 2026.
Evli Oyj acted as financial advisor for Netum Group Oyj.
Netum Group Oyj (HLSE:NETUM) completed the acquisition of Cyberwatch Oy from Matti Mujunen and others on April 21, 2026. Anuncio • Apr 16
Netum Group Plc Elects New Board Members Netum Group Plc at its AGM held on 15 April 2026 Sebastian Seppänen and Pasi Aaltola were elected as new members. The members of the Board of Directors were elected for a term ending at the end of the next Annual General Meeting. Anuncio • Dec 22
Netum Group Oyj, Annual General Meeting, Apr 15, 2026 Netum Group Oyj, Annual General Meeting, Apr 15, 2026. Anuncio • Jun 20
Netum Group Oyj Announces Changes in Management Team, Effective 1 July 2025 Netum Group Oyj will reduce the size and streamline the work of its Management Team. As of the beginning of July, the Management Team will consist of seven members instead of the previous nine members. Netum Group's Management Team as of 1 July 2025: Repe Harmanen, CEO, Peter Ahlskog, CFO, Liina Kangas, Director, HR & Marketing, Sami Rantanen, Director, Sales and Accounts, Altti Raali, CEO, Netum Ltd, Liisa Rusanen, CEO, Studyo Oy, Mikko Koistinen, CEO, Buutti Oy. Kimmo Koivisto, Director of IT and Security, and Juha-Pekka Leskinen, Director of Strategy and Partnerships, will leave the Management Team. They will continue in their current positions and report to CEO Repe Harmanen but will not be members of the Management Team as of 1 July 2025. Anuncio • Apr 13
Netum Group Oyj Appoints Liisa Rusanen as Member of the Group's Management Team, Effective 23 April 2025 Netum Group Oyj announced that Liisa Rusanen (b. 1980, M.Sc. (Tech.)) has been appointed a member of Netum Group Plc's Management Team as of 23 April 2025. Rusanen will transfer to the position from the role of CEO of Codeo Oy. She has previously worked for CGI Finland, Sininen Meteoriitti and Cybercom Finland, among others. Anuncio • Mar 21
Netum Group Oyj announces Annual dividend, payable on April 07, 2025 Netum Group Oyj announced Annual dividend of EUR 0.0500 per share payable on April 07, 2025, ex-date on March 26, 2025 and record date on March 27, 2025. Anuncio • Oct 09
Netum Group Plc Announces Retirement of Matti Mujunen as CEO Netum Group Plc's CEO Matti Mujunen (born 1958) has informed the Board of Directors of his retirement. The Board will now proceed a search for a successor. Matti Mujunen has served as the CEO of Netum Ltd. in 2016–2022 and as the CEO of Netum Group since 2017. During Mujunen's time as CEO, Netum Group's turnover has grown more than sixfold. In addition to strong organic development, growth has been boosted by five successful acquisitions and one business acquisition. Since June 2021, Netum Group Plc has been listed on First North Growth Market Helsinki, and Mujunen is the company's largest shareholder with 15.38% ownership. Mujunen's CEO contract includes eight months' notice. He shall remain in the role as CEO until a successor has been nominated. After this, Mujunen will continue in the company as an advisor to the Board of Directors. Reported Earnings • Aug 26
First half 2024 earnings released: €0.01 loss per share (vs €0.03 loss in 1H 2023) First half 2024 results: €0.01 loss per share (improved from €0.03 loss in 1H 2023). Revenue: €22.8m (up 33% from 1H 2023). Net loss: €180.0k (loss narrowed 43% from 1H 2023). Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the IT industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. New Risk • Aug 22
New major risk - Revenue and earnings growth Earnings have declined by 70% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Earnings have declined by 70% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (7.4% increase in shares outstanding). Market cap is less than US$100m (€38.1m market cap, or US$42.5m). Anuncio • Aug 20
Netum Group Oyj Reaffirms Earnings Guidance for the Year 2024 Netum Group Oyj reaffirmed earnings guidance for the year 2024. The company expects its revenue in the financial year 2024 to be EUR 45 million - EUR 49 million and comparable EBITA to be approximately 8%-11% of revenue. Reported Earnings • Mar 06
Full year 2023 earnings released Full year 2023 results: Revenue: €37.1m (up 27% from FY 2022). Net loss: €1.08m (down €1.26m from profit in FY 2022). New Risk • Mar 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 31% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Paying a dividend despite being loss-making. Shareholders have been diluted in the past year (7.4% increase in shares outstanding). Market cap is less than US$100m (€32.7m market cap, or US$35.4m). Anuncio • Feb 09
Netum Group plc Provides Revenue Guidance for the Year 2023 Netum Group Plc provides revenue guidance for the year 2023. For the period, the company expects revenue to grow by approximately 27% from the previous year. Netum expects revenue to grow by approximately 30% from the previous year. Reported Earnings • Aug 17
First half 2023 earnings released: €0.03 loss per share (vs €0.04 profit in 1H 2022) First half 2023 results: €0.03 loss per share (down from €0.04 profit in 1H 2022). Revenue: €17.1m (up 11% from 1H 2022). Net loss: €315.0k (down 164% from profit in 1H 2022). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the IT industry in Germany. Anuncio • Jul 15
Netum Group Oyj (HLSE:NETUM) signed an agreement to acquire Buutti Oy. Netum Group Oyj (HLSE:NETUM) signed an agreement to acquire Buutti Oy on July 14, 2023. Netum Group Plc will acquire the entire share capital of Buutti Oy for an enterprise value of €10 million. 70% of the consideration will be paid in cash and 30% in new shares in Netum. Netum will issue 865851 shares to the shareholders of Buutti. The purchase price also includes compensation for net cash and working capital adjustment at the time of closing. The final purchase price will be announced after the closing. In addition sellers have the possibility of additional earn-out purchase price depending on the achievement of revenue and operating profit targets for the 2024 financial year. Netum will finance the acquisition with a bank loan, a directed share issue to the sellers and cash reserves. Buutti Oy revenue in 2022 was €9.3 million and operating profit was €1.1 million and equity €1.7 million. The transaction is expected to close on September 1, 2023. Anuncio • Jul 01
Netum Group Announces Change in Management Team Jussi Vasama will leave his position in Netum Group Plc's Management Team as of 1 July 2023. Netum Group Plc has announced a transfer of the Netum DUX product business to Optimo Systems Oy, an associated company of Netum Group Plc. In the Management Team, Vasama was responsible for the Netum DUX product business, and he will now become the CEO of Optimo Systems Oy. As of 1 July 2023, the members of Netum Group Plc's Management Team are CEO Matti Mujunen and Altti Raali, Pekka Levänen, Liina Kangas, Sami Rantanen, Juha-Pekka Leskinen, Kimmo Koivisto and Lauri Stigell. Reported Earnings • Mar 08
Full year 2022 earnings released Full year 2022 results: Revenue: €29.2m (up 30% from FY 2021). Net income: €185.0k (down 65% from FY 2021). Profit margin: 0.6% (down from 2.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the IT industry in Germany. Anuncio • Jan 17
Netum Group plc Appoints Lauri Stigell as a Member of the Management Team Netum Group Plc appointed Lauri Stigell as a member of the Management Team. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Marja-Liisa Niinikoski was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 18
First half 2022 earnings released: EPS: €0 (vs €0.01 in 1H 2021) First half 2022 results: EPS: €0. Revenue: €15.5m (up 48% from 1H 2021). Net income: €493.0k (up 473% from 1H 2021). Profit margin: 3.2% (up from 0.8% in 1H 2021). Over the next year, revenue is forecast to grow 19%, compared to a 15% growth forecast for the IT industry in Germany. Anuncio • Aug 09
Netum Group Oyj Provides Earnings Guidance for the Year 2022 Netum Group Oyj provided earnings guidance for the year 2022. The Group’s revenue estimate for 2022 is intact. The company expects its revenue to grow at least 30% from the previous year. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Marja-Liisa Niinikoski was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Mar 10
Netum Group Oyj Provides Revenue Guidance for the Full Year of 2022 Netum Group Oyj provided revenue guidance for the full year of 2022. Netum expects its revenue to grow at least 30% from the previous year. Reported Earnings • Mar 09
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €0.05 (down from €0.11 in FY 2020). Revenue: €22.4m (up 28% from FY 2020). Net income: €529.0k (down 60% from FY 2020). Profit margin: 2.4% (down from 7.5% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 22%, compared to a 16% growth forecast for the industry in Germany. Anuncio • Jan 25
Netum Group Plc Revises Earnings Guidance for the Year 2021 Netum Group Plc revised earnings guidance for the year 2021. For the year, the company expects revenue to be slightly over EUR 22 million compared to previous guidance of EUR 20 million to EUR 22 million. The reason for the increased revenue forecast is the integration of Cerion Solutions Oy into Netum Group as of October 1, 2021 and stronger than expected organic revenue growth. Profitability was reduced by frontloaded recruitments and, on a non-recurring basis, by the lower than expected profitability ofa fixed-price customer project. Board Change • Aug 31
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.