View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsPenneo 将来の成長Future 基準チェック /06現在、 Penneoの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Software 収益成長16.0%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジLow最終更新日n/a今後の成長に関する最新情報Breakeven Date Change • Apr 24Forecast breakeven date moved forward to 2025The analyst covering Penneo previously expected the company to break even in 2026. New forecast suggests losses will reduce by 66% to 2024. The company is expected to make a profit of kr.1.10m in 2025. Average annual earnings growth of 84% is required to achieve expected profit on schedule.Breakeven Date Change • Dec 31Forecast to breakeven in 2026The analyst covering Penneo expects the company to break even for the first time. New forecast suggests the company will make a profit of kr.4.10m in 2026. Average annual earnings growth of 61% is required to achieve expected profit on schedule.お知らせ • Nov 23Penneo A/S Revises Earnings Guidance for the Year 2023Penneo A/S revised earnings guidance for the year 2023. For the period, Company assumes an ARR level of DKK 87 million - DKK 92 million at the end of 2023 corresponding to an ARR growth rate of 23% - 30%. This is a narrower ARR guidance range within the previously communicated range of DKK 87 million -95 million at the end of 2023.お知らせ • Aug 18Penneo A/S Reaffirms Earnings Guidance for the Year 2023Penneo A/S reaffirmed earnings guidance for the year 2023. The company expects guidance for 2023 remains unchanged. The company continues to assume an ARR level of DKK 87 million to DKK 95 million at the end of 2023 corresponding to an ARR growth rate of 23% to 34%.お知らせ • May 16+ 1 more updatePenneo A/S Reaffirms Earnings Guidance for the Year 2023Penneo A/S reaffirmed earnings guidance for the year 2023. The company's guidance for 2023 remains unchanged. The guidance is based on continued cautious buying behavior in 2023. Looking further ahead Penneo expects solid demand for its solutions due to increased focus on digitalization and stricter regulatory demands, especially in industries regulated by anti-money laundering (AML) regulation.Breakeven Date Change • Aug 26No longer forecast to breakevenThe 3 analysts covering Penneo no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of kr.2.00m in 2024. New consensus forecast suggests the company will make a loss of kr.19.0m in 2024.すべての更新を表示Recent updatesお知らせ • Jan 23Visma Danmark Holding A/S completed the acquisition of 96.49% stake in Penneo A/S (CPSE:PENNEO) from group of sellers.Visma Danmark Holding A/S entered into a binding agreement to acquire 96.49% stake in Penneo A/S (CPSE:PENNEO) from group of sellers for approximately DKK 560 million on November 29, 2024. Visma Danmark Holding and Penneo have today entered into a binding agreement pursuant to which Visma will make an all-cash voluntary recommended public takeover offer to acquire all of the shares (excluding treasury shares) in Penneo at a price of DKK 16.5 per share. Visma has sufficient capital to finance the Offer and its purchase of the Penneo shares by cash payment backed by a parent guarantee provided by Visma AS. Visma has received irrevocable undertakings to accept the Offer at the Offer Price subject to certain customary conditions, from the following shareholders in Penneo i.e., The irrevocable undertakings represent jointly approximately 43.0 % of the voting rights and share capital in Penneo, Irrevocable undertakings provided by Viking Venture 29 AS and the founders will remain in force regardless of any competing offers being made, Furthermore, ATP, whose ownership amounts to 3,374,000 shares, corresponding to approx. 9.9 % of the voting rights and share capital in Penneo, has confirmed its intention to accept the Offer absent any superior competing offer. Consequently, shareholders representing a total of 17,999,724 shares, corresponding to approx. 52.9 % of the voting rights and share capital in Penneo, have either entered into irrevocable undertakings or confirmed their intention to accept the Offer. The offer period is initially expected to expire four (4) weeks after publication of the offer document but can be extended including in order to allow time for satisfaction of the regulatory conditions. No later than three (3) business days after expiry of the offer period (as may be extended), Visma will publish the final result of the Offer. Completion of the Offer is expected to occur around January 31, 2025. As of December 19, 2024, the offer will commenced on December 20, 2024, and will close on January 21, 2025. The board of directors of Penneo has unanimously resolved and today confirmed in the Agreement entered into with Visma that it will recommend the shareholders of Penneo to accept the Offer. The Offer will be made subject to a number of customary conditions, as well as a requirement that the total number of tendered shares in the Offer will amount to more than 90.0% of the voting rights and share capital of Penneo and that necessary approvals by relevant regulatory authorities are obtained. On January 8, 2025, Danish Competition and Consumer Authority has approved the transaction. Visma has appointed ABG Sundal Collier Denmark, filial af ABG Sundal Collier ASA, Norge as financial advisor as well as Accura Advokatpartnerselskab as legal advisor in connection with the Offer. Danske Bank A/S is acting as financial advisor and fairness opinion provider Plesner Advokatpartnerselskab are acting as legal advisors to Penneo. Visma Danmark Holding A/S completed the acquisition of 96.49% stake in Penneo A/S (CPSE:PENNEO) from group of sellers on January 21, 2025. The Offer has received preliminary acceptances representing 32.730282 million shares in Penneo. All conditions of the offer has fulfilled.お知らせ • Nov 29Visma Danmark Holding A/S entered into a binding agreement to acquire Penneo A/S (CPSE:PENNEO) from group of sellers for approximately DKK 560 million.Visma Danmark Holding A/S entered into a binding agreement to acquire Penneo A/S (CPSE:PENNEO) from group of sellers for approximately DKK 560 million on November 29, 2024. Visma Danmark Holding and Penneo have today entered into a binding agreement pursuant to which Visma will make an all-cash voluntary recommended public takeover offer to acquire all of the shares (excluding treasury shares) in Penneo at a price of DKK 16.5 per share. Visma has sufficient capital to finance the Offer and its purchase of the Penneo shares by cash payment backed by a parent guarantee provided by Visma AS. Visma has received irrevocable undertakings to accept the Offer at the Offer Price subject to certain customary conditions, from the following shareholders in Penneo i.e., The irrevocable undertakings represent jointly approximately 43.0 % of the voting rights and share capital in Penneo, Irrevocable undertakings provided by Viking Venture 29 AS and the founders will remain in force regardless of any competing offers being made, Furthermore, ATP, whose ownership amounts to 3,374,000 shares, corresponding to approx. 9.9 % of the voting rights and share capital in Penneo, has confirmed its intention to accept the Offer absent any superior competing offer. Consequently, shareholders representing a total of 17,999,724 shares, corresponding to approx. 52.9 % of the voting rights and share capital in Penneo, have either entered into irrevocable undertakings or confirmed their intention to accept the Offer. The offer period is initially expected to expire four (4) weeks after publication of the offer document but can be extended including in order to allow time for satisfaction of the regulatory conditions. No later than three (3) business days after expiry of the offer period (as may be extended), Visma will publish the final result of the Offer. Completion of the Offer is expected to occur around January 31, 2025. The board of directors of Penneo has unanimously resolved and today confirmed in the Agreement entered into with Visma that it will recommend the shareholders of Penneo to accept the Offer. The Offer will be made subject to a number of customary conditions, as well as a requirement that the total number of tendered shares in the Offer will amount to more than 90.0 % of the voting rights and share capital of Penneo and that necessary approvals by relevant regulatory authorities are obtained. Visma has appointed ABG Sundal Collier Denmark, filial af ABG Sundal Collier ASA, Norge as financial advisor as well as Accura Advokatpartnerselskab as legal advisor in connection with the Offer.お知らせ • Sep 24André Clement to Step Down as Chief Commercial Officer of Penneo A/SPenneo A/S announced that André Clement, Chief Commercial Officer (CCO) and co-founder of Penneo, is stepping down from his position to pursue new opportunities in the startup environment. André Clement will stay with Penneo until the end of 2024 to ensure a smooth transition and continuity of his responsibilities.New Risk • Aug 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Market cap is less than US$100m (€42.9m market cap, or US$47.4m).Reported Earnings • Aug 29Second quarter 2024 earnings released: kr.0.11 loss per share (vs kr.0.29 loss in 2Q 2023)Second quarter 2024 results: kr.0.11 loss per share (improved from kr.0.29 loss in 2Q 2023). Revenue: kr.24.0m (up 9.5% from 2Q 2023). Net loss: kr.3.73m (loss narrowed 60% from 2Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings.New Risk • Aug 28New major risk - Revenue and earnings growthEarnings have declined by 24% 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 Risk Earnings have declined by 24% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Market cap is less than US$100m (€34.7m market cap, or US$38.6m).お知らせ • Aug 28+ 4 more updatesPenneo A/S to Report Fiscal Year 2024 Results on Mar 05, 2025Penneo A/S announced that they will report fiscal year 2024 results on Mar 05, 2025Breakeven Date Change • Apr 24Forecast breakeven date moved forward to 2025The analyst covering Penneo previously expected the company to break even in 2026. New forecast suggests losses will reduce by 66% to 2024. The company is expected to make a profit of kr.1.10m in 2025. Average annual earnings growth of 84% is required to achieve expected profit on schedule.Recent Insider Transactions • Mar 14Chief Financial Officer recently sold €58k worth of stockOn the 11th of March, Casper Christiansen sold around 53k shares on-market at roughly €1.10 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €125k. Casper has been a net seller over the last 12 months, reducing personal holdings by €85k.Reported Earnings • Feb 22Full year 2023 earnings released: kr.0.75 loss per share (vs kr.0.65 loss in FY 2022)Full year 2023 results: kr.0.75 loss per share (further deteriorated from kr.0.65 loss in FY 2022). Revenue: kr.88.4m (up 23% from FY 2022). Net loss: kr.24.7m (loss widened 22% from FY 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings.New Risk • Feb 09New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €452k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Shareholders have been diluted in the past year (6.1% increase in shares outstanding). Significant insider selling over the past 3 months (€452k sold). Market cap is less than US$100m (€37.6m market cap, or US$40.5m).お知らせ • Feb 02Penneo A/S Announces Board ResignationsPenneo A/S announced that The shareholders have proposed to dismiss Christian Sagild, Rikke Stampe Skov, Morten Elk, and Steffen Heegaard from the Board of Directors and will propose new candidates to replace the members. The Board of Directors have proposed to dismiss Jakob Neua Nørgaard. The Board of Directors will begin to look for a replacement in time for the coming Annual General Meeting on 10 April 2024.Breakeven Date Change • Dec 31Forecast to breakeven in 2026The analyst covering Penneo expects the company to break even for the first time. New forecast suggests the company will make a profit of kr.4.10m in 2026. Average annual earnings growth of 61% is required to achieve expected profit on schedule.お知らせ • Dec 20Penneo A/S Announces Resignation of Sara Lindgaard as Chief People & Culture OfficerPenneo A/S announced that Sara Lindgaard is stepping down from her position as Chief People & Culture Officer to pursue a career outside of Penneo. Sara Lindgaard will remain in her position until the end of February 2024 and ensure continuity and a smooth transition of her tasks and responsibilities.Recent Insider Transactions • Dec 04Co-Founder & Chief Commercial Officer recently sold €91k worth of stockOn the 30th of November, Andre Clement sold around 99k shares on-market at roughly €0.91 per share. This transaction amounted to 8.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Andre has been a net seller over the last 12 months, reducing personal holdings by €334k.お知らせ • Nov 29Penneo A/S, Annual General Meeting, Apr 10, 2024Penneo A/S, Annual General Meeting, Apr 10, 2024.Reported Earnings • Nov 23Third quarter 2023 earnings released: kr.0.35 loss per share (vs kr.0.20 loss in 3Q 2022)Third quarter 2023 results: kr.0.35 loss per share (further deteriorated from kr.0.20 loss in 3Q 2022). Revenue: kr.15.9m (up 7.8% from 3Q 2022). Net loss: kr.11.6m (loss widened 87% from 3Q 2022). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings.お知らせ • Nov 23Penneo A/S Revises Earnings Guidance for the Year 2023Penneo A/S revised earnings guidance for the year 2023. For the period, Company assumes an ARR level of DKK 87 million - DKK 92 million at the end of 2023 corresponding to an ARR growth rate of 23% - 30%. This is a narrower ARR guidance range within the previously communicated range of DKK 87 million -95 million at the end of 2023.お知らせ • Nov 22+ 3 more updatesPenneo A/S to Report Q1, 2024 Results on May 23, 2024Penneo A/S announced that they will report Q1, 2024 results on May 23, 2024New Risk • Nov 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (kr.3.6m net loss in 3 years). Share price has been volatile over the past 3 months (6.2% average weekly change). Shareholders have been diluted in the past year (4.1% increase in shares outstanding). Market cap is less than US$100m (€34.2m market cap, or US$36.7m).お知らせ • Oct 12Penneo Announces Executive AppointmentsPenneo announced the promotion of two talented individuals, Mads Paludan Aabling and Sara Lindgaard, to join the company's senior management team. These appointments mark a strategic move to strengthen the company's leadership and drive continued innovation and success. Mads Paludan Aabling, formerly Vice President for Commercial Operations in Penneo, brings a wealth of experience and a proven track record of building and leading commercial teams in Penneo and other SaaS companies. In his new role as Chief Sales Officer, Mads will play a key role in reaching Penneo's growth targets in the coming years from new sales as well as revenue uplift from existing customers through cross selling and increasing product usage. The promotions come at an important point in time for Penneo, as the company is gaining further traction on the digital signature and KYC market in Europe. The enhanced leadership team is set to improve the way Penneo generates demand and sells its products in addition to improve overall organizational efficiency, product development and support expansion into new markets.Reported Earnings • Aug 20Second quarter 2023 earnings released: kr.0.29 loss per share (vs kr.0.25 loss in 2Q 2022)Second quarter 2023 results: kr.0.29 loss per share (further deteriorated from kr.0.25 loss in 2Q 2022). Revenue: kr.21.9m (up 25% from 2Q 2022). Net loss: kr.9.42m (loss widened 19% from 2Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings.お知らせ • Aug 18Penneo A/S Reaffirms Earnings Guidance for the Year 2023Penneo A/S reaffirmed earnings guidance for the year 2023. The company expects guidance for 2023 remains unchanged. The company continues to assume an ARR level of DKK 87 million to DKK 95 million at the end of 2023 corresponding to an ARR growth rate of 23% to 34%.Recent Insider Transactions • Jun 02Co-Founder & Chief Commercial Officer recently sold €228k worth of stockOn the 26th of May, Andre Clement sold around 200k shares on-market at roughly €1.14 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €345k. This was Andre's only on-market trade for the last 12 months.Board Change • Jun 01High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Morten Elk is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • May 18First quarter 2023 earnings released: kr.0.28 loss per share (vs kr.0.26 loss in 1Q 2022)First quarter 2023 results: kr.0.28 loss per share (further deteriorated from kr.0.26 loss in 1Q 2022). Revenue: kr.18.0m (up 26% from 1Q 2022). Net loss: kr.9.13m (loss widened 23% from 1Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Software industry in Germany.お知らせ • May 16+ 1 more updatePenneo A/S Reaffirms Earnings Guidance for the Year 2023Penneo A/S reaffirmed earnings guidance for the year 2023. The company's guidance for 2023 remains unchanged. The guidance is based on continued cautious buying behavior in 2023. Looking further ahead Penneo expects solid demand for its solutions due to increased focus on digitalization and stricter regulatory demands, especially in industries regulated by anti-money laundering (AML) regulation.お知らせ • May 11Penneo Appoints Kirstine Møller Pedersen as New Chief Marketing Officer Effective August 1, 2023Penneo announced that it has appointed Kirstine Møller Pedersen as new Chief Marketing Officer. Kirstine Møller Pedersen will step into her new role on 1 August 2023, and head up Penneo's marketing team driving a range of strategic initiatives that are key to pave the way for growth and increase revenue as the company continues to execute its growth plans and intention to expand operations to new markets in Europe. This includes digital marketing aimed at generating demand for Penneo's products as well as brand development and company positioning strategy. Kirstine Møller Pedersen is a Danish national and a master's graduate of Economics and Marketing from Copenhagen Business School. She joins Penneo from a position as Global Head of Marketing in Planday, a SaaS company specialized in Workforce Management software, where she has been instrumental to the company's growth and the successful acquisition by the tech giant, Xero, known for its small business accounting software.Recent Insider Transactions • Mar 29Independent Director recently sold €345k worth of stockOn the 22nd of March, Morten Elk sold around 283k shares on-market at roughly €1.22 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Reported Earnings • Mar 08Full year 2022 earnings released: kr.0.65 loss per share (vs kr.0.72 loss in FY 2021)Full year 2022 results: kr.0.65 loss per share. Revenue: kr.72.1m (up 33% from FY 2021). Net loss: kr.20.3m (loss widened 8.7% from FY 2021). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Software industry in Germany.お知らせ • Dec 22Penneo Appoints Hans J. Skovgaard as Chief Technology and Product OfficerPenneo announced that Hans J. Skovgaard will join the company in a newly established role as Chief Technology and Product Officer. Reporting to Penneo's CEO, Christian Stendevad, Hans will be responsible for leading the company's product development teams using his extensive experience to advance Penneo's technology innovation, as well as the strategic direction of the company's product roadmap. Hans J. Skovgaard is a Danish national and a master's graduate of artificial intelligence, computer science and holds an MBA from IMD. With over 20 years of technology and software engineering leadership experience, he has a successful history of driving strategic planning, running operations, and advancing development initiatives in software companies. Most recently, he has served as CTO and Vice President of R&D in Capture One. Prior to this, he worked as VP for Engineering in Milestone Systems. He has also held senior leadership positions in Microsoft and Mondosoft.お知らせ • Dec 17Penneo A/S Appoints Daniel Selde as Chief Marketing Officer, Effective 1 January 2023Penneo A/S announced the appointment of Daniel Selde to a newly created role as Chief Marketing Officer. Daniel Selde will step into his new role as of 1 January 2023. In Penneo, Daniel will head up the marketing team and drive strategic initiatives that are fundamental to facilitate growth and increase revenue as the company continues to execute its growth plans and intention to expand operations across new markets in Europe. This includes company positioning, brand development, and digital marketing aimed at generating demand for Pennos products. Daniel Selde is a Danish national and a master's graduate of IT & Marketing who has 10 years of experience building industry-best marketing teams. He has focused on delivering substantial growth and strategic efficiency improvements in SaaS and e-commerce companies that have outpaced the performance of competitors.Reported Earnings • Nov 24Third quarter 2022 earnings released: kr.0.20 loss per share (vs kr.0.36 loss in 3Q 2021)Third quarter 2022 results: kr.0.20 loss per share (improved from kr.0.36 loss in 3Q 2021). Revenue: kr.14.7m (up 62% from 3Q 2021). Net loss: kr.6.19m (loss narrowed 32% from 3Q 2021). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Software industry in Germany.お知らせ • Nov 24+ 3 more updatesPenneo A/S to Report Q3, 2023 Results on Nov 21, 2023Penneo A/S announced that they will report Q3, 2023 results on Nov 21, 2023Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Steffen Peter Heegaard was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Breakeven Date Change • Aug 26No longer forecast to breakevenThe 3 analysts covering Penneo no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of kr.2.00m in 2024. New consensus forecast suggests the company will make a loss of kr.19.0m in 2024.お知らせ • Aug 24Penneo A/S to Report Fiscal Year 2022 Results on Feb 28, 2023Penneo A/S announced that they will report fiscal year 2022 results on Feb 28, 2023Reported Earnings • May 25First quarter 2022 earnings released: kr.0.26 loss per share (vs kr.0.25 loss in 1Q 2021)First quarter 2022 results: kr.0.26 loss per share (down from kr.0.25 loss in 1Q 2021). Revenue: kr.14.4m (up 32% from 1Q 2021). Net loss: kr.7.45m (loss widened 19% from 1Q 2021). Over the next year, revenue is forecast to grow 47%, compared to a 13% growth forecast for the industry in Germany.Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Chairman of the Board Christian Sagild was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 02Full year 2021 earnings releasedFull year 2021 results: Revenue: kr.54.3m (up 53% from FY 2020). Net loss: kr.18.6m (loss widened 46% from FY 2020). Over the next year, revenue is forecast to grow 43%, compared to a 15% growth forecast for the industry in Germany.Buying Opportunity • Mar 04Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 38%. The fair value is estimated to be kr.2.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 53% over the last year. Earnings per share has declined by 77% over the last year.お知らせ • Feb 22Penneo A/S Provides Revenue Guidance for the Year 2022In 2022, Penneo A/S expected continued growth in ARR and guides ARR at the level of DKK 77 Million -DKK 82 Million at the end of 2022 corresponding to an ARR growth rate of 40%-49%.Breakeven Date Change • Jan 01Forecast to breakeven in 2024The 2 analysts covering Penneo expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of kr.25.0m in 2024. Average annual earnings growth of 80% is required to achieve expected profit on schedule.お知らせ • Nov 27Penneo A/S Maintains Revenue Guidance for the Full Year of 2021Penneo A/S maintains ARR guidance for 2021 of DKK 54 million - DKK 57 million, which corresponds to a year-on-year growth rate of 46%-54%.お知らせ • Aug 28Penneo A/S Provides Revenue Guidance for the Full Year of 2021Penneo A/S provided revenue guidance for the full year of 2021. For the year, the company expected ARR to be DKK 56 million - DKK 60 million DKK from DKK 54 million - DKK 59 million.Reported Earnings • May 28First quarter 2021 earnings released: kr.0.25 loss per share (vs kr.0.49 loss in 1Q 2020)The company reported a mediocre first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: kr.10.9m (up 45% from 1Q 2020). Net loss: kr.6.28m (loss widened 130% from 1Q 2020).お知らせ • May 27Penneo Provides Revenue Guidance for the First Half and Full Year of Fiscal 2021Penneo provided revenue guidance for the first half and full year of fiscal 2021. Penneo maintains short-term ARR-guidance which continues to be DKK 45-47 million for first half 2021 and DKK 54-59 million for 2021.お知らせ • Mar 25Penneo Aps Provides Earnings Guidance for the Half Year and Full Year 2021Penneo ApS provides earnings guidance for the half year and full year 2021. For the first half-year of 2021, Penneo expects ARR at the level of DKK 41 million-DKK 45 million . For the entire year 2021, Penneo expects ARR at the level of DKK 52 million -DKK 57 million.お知らせ • Mar 06Penneo ApS Announces Board ChangesPenneo ApS announced that at its EGM held on 5 March 2021, the shareholders approved the CTO Jan Flora resigned from the board of directors, while Rikke Stampe Skov was elected.お知らせ • Feb 02+ 1 more updatePenneo Revises Revenue Guidance First Half of Fiscal 2021Penneo revised revenue guidance first half of fiscal 2021. The company now guides the ARR for the end of first half-year 2021 to increase by DKK 2 million to DKK 3 million to the level of DKK 41 million to DKK 45 million due to: Higher ARR growth from new customers; Increased usage of Penneo's platform by existing customers. In Penneo's IPO document of June 2, 2020, the company announced ARR guidance for the end of first half-year 2021 at the level of DKK 38 million to DKK 43 million (Company Description, Section 7).Is New 90 Day High Low • Jan 07New 90-day high: €6.88The company is up 62% from its price of €4.25 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 17% over the same period.お知らせ • Dec 26Penneo A/S Signs First Customer in FinlandPenneo A/S signs first audit and accounting customer, Accado, in Finland. The new contract is in alignment with the strategy to roll out Penneo's platform internationally and to focus on audit and accounting companies. With the new contract, Penneo now has customers in five European countries: Denmark, Sweden, Norway, Finland and Belgium.お知らせ • Nov 26Penneo ApS Announces CEO ChangesPenneo ApS announced that Niels Henrik Rasmussen has resigned as CEO due to his daughter's back surgery and rehabilitation and to focus on his family going forward. The Board of Directors is in the process of recruiting a new CEO. Until a new CEO has been recruited, the Board has appointed Nicolaj Højer Nielsen as Interim CEO. Nicolaj Højer Nielsen is co-founder of Penneoas well as a member of the Board. He has temporarily stepped down as a Boardmember until the new CEO is in place.Is New 90 Day High Low • Oct 13New 90-day high: €4.48The company is up 14% from its price of €3.95 on 15 July 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is flat over the same period.お知らせ • Oct 13Penneo A/S Signs First Big10 Customer in BelgiumPenneo A/S signs its first Big10 customer, VGD, in Belgium. VGD will be Penneo A/S's second Belgian customer. The new contract is a result of Penneo's commercial activities in alignment with the strategy to roll out Penneo's platform internationally.お知らせ • Oct 07Penneo ApS (CPSE:PENNEO) acquired the Know-Your-Customer (KYC) Software Activities of CLA Reply Aps for DKK 15 million.Penneo ApS (CPSE:PENNEO) acquired the Know-Your-Customer (KYC) Software Activities of CLA Reply Aps for DKK 15 million on October 6, 2020. Under the terms of the transaction, Penneo will pay a fixed amount of DKK 12 million at closing of the transaction of which DKK 3.8 million will be paid in cash and the remaining DKK 8.3 million will be paid through the issuance of Penneo shares at the applicable market price. An additional consideration of DKK 3 million will be paid no later than December 31, 2021, contingent on the achievement of four performance milestones that each constitute 25% of the DKK 3 million; two of which regard internationalization by entering two new countries and two of which regard retention of two founders; Henrik Asbæk Boensvang and Shum Stra. The earn-out will be paid with a number of Penneo shares at the applicable market price equivalent to a total market value of DKK 3 million. Pursuant to the transaction, a small team of employees will continue employment at Penneo. Jesper Skaarup Vestergaard of Grant Thornton acted as financial advisor to Penneo in the transaction. Penneo ApS (CPSE:PENNEO) completed the acquisition of the Know-Your-Customer (KYC) Software Activities of CLA Reply Aps on October 6, 2020.お知らせ • Sep 29+ 1 more updatePenneo Announces Executive ChangesNiels Henrik Rasmussen has resigned as CEO of Penneo due to his daughter's back surgery and rehabilitation, and to focus on his family going forward. The Board of Directors has initiated a recruitment process to appoint a new CEO who will work closely with the strong Penneo organisation to continue the company's expansion strategy and further unfold Penneo's full potential. Until a new CEO has been recruited, the Board has appointed Nicolaj Højer Nielsen as Interim CEO. He is co-founder of Penneo as well as a member of the Board. He will temporarily step down as Board member in Penneo until the new CEO is in place. Højer Nielsen is a strong match in this interim role.お知らせ • Aug 28+ 2 more updatesPenneo ApS to Report Q3, 2020 Results on Nov 25, 2020Penneo ApS announced that they will report Q3, 2020 results on Nov 25, 2020 このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Penneo は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測DB:4ZD - アナリストの将来予測と過去の財務データ ( )DKK Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数9/30/202495-15-1212N/A6/30/202494-19-1213N/A3/31/202492-25-186N/A12/31/202388-25-158N/A9/30/202381-29-25-3N/A6/30/202380-23-26-5N/A3/31/202376-22-24-4N/A12/31/202272-20-29-10N/A9/30/202265-23-30-11N/A6/30/202260-26-26-9N/A3/31/202258-20-19-3N/A12/31/202154-19-24-8N/A9/30/202148-19-24-10N/A6/30/202146-13-25-12N/A3/31/202140-16-26-15N/A12/31/202036-13-18-9N/A9/30/202031-14-13-6N/A12/31/201928-3-5-1N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 4ZDの予測収益成長が 貯蓄率 ( 1% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: 4ZDの収益がGerman市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: 4ZDの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: 4ZDの収益がGerman市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: 4ZDの収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 4ZDの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YSoftware 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2025/02/05 11:48終値2025/02/05 00:00収益2024/09/30年間収益2023/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Penneo A/S 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。4 アナリスト機関null nullABG Sundal CollierJesper BilleskovABG Sundal Collier Sponsorednull nullABG Sundal Collier Sponsored1 その他のアナリストを表示
Breakeven Date Change • Apr 24Forecast breakeven date moved forward to 2025The analyst covering Penneo previously expected the company to break even in 2026. New forecast suggests losses will reduce by 66% to 2024. The company is expected to make a profit of kr.1.10m in 2025. Average annual earnings growth of 84% is required to achieve expected profit on schedule.
Breakeven Date Change • Dec 31Forecast to breakeven in 2026The analyst covering Penneo expects the company to break even for the first time. New forecast suggests the company will make a profit of kr.4.10m in 2026. Average annual earnings growth of 61% is required to achieve expected profit on schedule.
お知らせ • Nov 23Penneo A/S Revises Earnings Guidance for the Year 2023Penneo A/S revised earnings guidance for the year 2023. For the period, Company assumes an ARR level of DKK 87 million - DKK 92 million at the end of 2023 corresponding to an ARR growth rate of 23% - 30%. This is a narrower ARR guidance range within the previously communicated range of DKK 87 million -95 million at the end of 2023.
お知らせ • Aug 18Penneo A/S Reaffirms Earnings Guidance for the Year 2023Penneo A/S reaffirmed earnings guidance for the year 2023. The company expects guidance for 2023 remains unchanged. The company continues to assume an ARR level of DKK 87 million to DKK 95 million at the end of 2023 corresponding to an ARR growth rate of 23% to 34%.
お知らせ • May 16+ 1 more updatePenneo A/S Reaffirms Earnings Guidance for the Year 2023Penneo A/S reaffirmed earnings guidance for the year 2023. The company's guidance for 2023 remains unchanged. The guidance is based on continued cautious buying behavior in 2023. Looking further ahead Penneo expects solid demand for its solutions due to increased focus on digitalization and stricter regulatory demands, especially in industries regulated by anti-money laundering (AML) regulation.
Breakeven Date Change • Aug 26No longer forecast to breakevenThe 3 analysts covering Penneo no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of kr.2.00m in 2024. New consensus forecast suggests the company will make a loss of kr.19.0m in 2024.
お知らせ • Jan 23Visma Danmark Holding A/S completed the acquisition of 96.49% stake in Penneo A/S (CPSE:PENNEO) from group of sellers.Visma Danmark Holding A/S entered into a binding agreement to acquire 96.49% stake in Penneo A/S (CPSE:PENNEO) from group of sellers for approximately DKK 560 million on November 29, 2024. Visma Danmark Holding and Penneo have today entered into a binding agreement pursuant to which Visma will make an all-cash voluntary recommended public takeover offer to acquire all of the shares (excluding treasury shares) in Penneo at a price of DKK 16.5 per share. Visma has sufficient capital to finance the Offer and its purchase of the Penneo shares by cash payment backed by a parent guarantee provided by Visma AS. Visma has received irrevocable undertakings to accept the Offer at the Offer Price subject to certain customary conditions, from the following shareholders in Penneo i.e., The irrevocable undertakings represent jointly approximately 43.0 % of the voting rights and share capital in Penneo, Irrevocable undertakings provided by Viking Venture 29 AS and the founders will remain in force regardless of any competing offers being made, Furthermore, ATP, whose ownership amounts to 3,374,000 shares, corresponding to approx. 9.9 % of the voting rights and share capital in Penneo, has confirmed its intention to accept the Offer absent any superior competing offer. Consequently, shareholders representing a total of 17,999,724 shares, corresponding to approx. 52.9 % of the voting rights and share capital in Penneo, have either entered into irrevocable undertakings or confirmed their intention to accept the Offer. The offer period is initially expected to expire four (4) weeks after publication of the offer document but can be extended including in order to allow time for satisfaction of the regulatory conditions. No later than three (3) business days after expiry of the offer period (as may be extended), Visma will publish the final result of the Offer. Completion of the Offer is expected to occur around January 31, 2025. As of December 19, 2024, the offer will commenced on December 20, 2024, and will close on January 21, 2025. The board of directors of Penneo has unanimously resolved and today confirmed in the Agreement entered into with Visma that it will recommend the shareholders of Penneo to accept the Offer. The Offer will be made subject to a number of customary conditions, as well as a requirement that the total number of tendered shares in the Offer will amount to more than 90.0% of the voting rights and share capital of Penneo and that necessary approvals by relevant regulatory authorities are obtained. On January 8, 2025, Danish Competition and Consumer Authority has approved the transaction. Visma has appointed ABG Sundal Collier Denmark, filial af ABG Sundal Collier ASA, Norge as financial advisor as well as Accura Advokatpartnerselskab as legal advisor in connection with the Offer. Danske Bank A/S is acting as financial advisor and fairness opinion provider Plesner Advokatpartnerselskab are acting as legal advisors to Penneo. Visma Danmark Holding A/S completed the acquisition of 96.49% stake in Penneo A/S (CPSE:PENNEO) from group of sellers on January 21, 2025. The Offer has received preliminary acceptances representing 32.730282 million shares in Penneo. All conditions of the offer has fulfilled.
お知らせ • Nov 29Visma Danmark Holding A/S entered into a binding agreement to acquire Penneo A/S (CPSE:PENNEO) from group of sellers for approximately DKK 560 million.Visma Danmark Holding A/S entered into a binding agreement to acquire Penneo A/S (CPSE:PENNEO) from group of sellers for approximately DKK 560 million on November 29, 2024. Visma Danmark Holding and Penneo have today entered into a binding agreement pursuant to which Visma will make an all-cash voluntary recommended public takeover offer to acquire all of the shares (excluding treasury shares) in Penneo at a price of DKK 16.5 per share. Visma has sufficient capital to finance the Offer and its purchase of the Penneo shares by cash payment backed by a parent guarantee provided by Visma AS. Visma has received irrevocable undertakings to accept the Offer at the Offer Price subject to certain customary conditions, from the following shareholders in Penneo i.e., The irrevocable undertakings represent jointly approximately 43.0 % of the voting rights and share capital in Penneo, Irrevocable undertakings provided by Viking Venture 29 AS and the founders will remain in force regardless of any competing offers being made, Furthermore, ATP, whose ownership amounts to 3,374,000 shares, corresponding to approx. 9.9 % of the voting rights and share capital in Penneo, has confirmed its intention to accept the Offer absent any superior competing offer. Consequently, shareholders representing a total of 17,999,724 shares, corresponding to approx. 52.9 % of the voting rights and share capital in Penneo, have either entered into irrevocable undertakings or confirmed their intention to accept the Offer. The offer period is initially expected to expire four (4) weeks after publication of the offer document but can be extended including in order to allow time for satisfaction of the regulatory conditions. No later than three (3) business days after expiry of the offer period (as may be extended), Visma will publish the final result of the Offer. Completion of the Offer is expected to occur around January 31, 2025. The board of directors of Penneo has unanimously resolved and today confirmed in the Agreement entered into with Visma that it will recommend the shareholders of Penneo to accept the Offer. The Offer will be made subject to a number of customary conditions, as well as a requirement that the total number of tendered shares in the Offer will amount to more than 90.0 % of the voting rights and share capital of Penneo and that necessary approvals by relevant regulatory authorities are obtained. Visma has appointed ABG Sundal Collier Denmark, filial af ABG Sundal Collier ASA, Norge as financial advisor as well as Accura Advokatpartnerselskab as legal advisor in connection with the Offer.
お知らせ • Sep 24André Clement to Step Down as Chief Commercial Officer of Penneo A/SPenneo A/S announced that André Clement, Chief Commercial Officer (CCO) and co-founder of Penneo, is stepping down from his position to pursue new opportunities in the startup environment. André Clement will stay with Penneo until the end of 2024 to ensure a smooth transition and continuity of his responsibilities.
New Risk • Aug 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Market cap is less than US$100m (€42.9m market cap, or US$47.4m).
Reported Earnings • Aug 29Second quarter 2024 earnings released: kr.0.11 loss per share (vs kr.0.29 loss in 2Q 2023)Second quarter 2024 results: kr.0.11 loss per share (improved from kr.0.29 loss in 2Q 2023). Revenue: kr.24.0m (up 9.5% from 2Q 2023). Net loss: kr.3.73m (loss narrowed 60% from 2Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings.
New Risk • Aug 28New major risk - Revenue and earnings growthEarnings have declined by 24% 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 Risk Earnings have declined by 24% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Market cap is less than US$100m (€34.7m market cap, or US$38.6m).
お知らせ • Aug 28+ 4 more updatesPenneo A/S to Report Fiscal Year 2024 Results on Mar 05, 2025Penneo A/S announced that they will report fiscal year 2024 results on Mar 05, 2025
Breakeven Date Change • Apr 24Forecast breakeven date moved forward to 2025The analyst covering Penneo previously expected the company to break even in 2026. New forecast suggests losses will reduce by 66% to 2024. The company is expected to make a profit of kr.1.10m in 2025. Average annual earnings growth of 84% is required to achieve expected profit on schedule.
Recent Insider Transactions • Mar 14Chief Financial Officer recently sold €58k worth of stockOn the 11th of March, Casper Christiansen sold around 53k shares on-market at roughly €1.10 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €125k. Casper has been a net seller over the last 12 months, reducing personal holdings by €85k.
Reported Earnings • Feb 22Full year 2023 earnings released: kr.0.75 loss per share (vs kr.0.65 loss in FY 2022)Full year 2023 results: kr.0.75 loss per share (further deteriorated from kr.0.65 loss in FY 2022). Revenue: kr.88.4m (up 23% from FY 2022). Net loss: kr.24.7m (loss widened 22% from FY 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings.
New Risk • Feb 09New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €452k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Shareholders have been diluted in the past year (6.1% increase in shares outstanding). Significant insider selling over the past 3 months (€452k sold). Market cap is less than US$100m (€37.6m market cap, or US$40.5m).
お知らせ • Feb 02Penneo A/S Announces Board ResignationsPenneo A/S announced that The shareholders have proposed to dismiss Christian Sagild, Rikke Stampe Skov, Morten Elk, and Steffen Heegaard from the Board of Directors and will propose new candidates to replace the members. The Board of Directors have proposed to dismiss Jakob Neua Nørgaard. The Board of Directors will begin to look for a replacement in time for the coming Annual General Meeting on 10 April 2024.
Breakeven Date Change • Dec 31Forecast to breakeven in 2026The analyst covering Penneo expects the company to break even for the first time. New forecast suggests the company will make a profit of kr.4.10m in 2026. Average annual earnings growth of 61% is required to achieve expected profit on schedule.
お知らせ • Dec 20Penneo A/S Announces Resignation of Sara Lindgaard as Chief People & Culture OfficerPenneo A/S announced that Sara Lindgaard is stepping down from her position as Chief People & Culture Officer to pursue a career outside of Penneo. Sara Lindgaard will remain in her position until the end of February 2024 and ensure continuity and a smooth transition of her tasks and responsibilities.
Recent Insider Transactions • Dec 04Co-Founder & Chief Commercial Officer recently sold €91k worth of stockOn the 30th of November, Andre Clement sold around 99k shares on-market at roughly €0.91 per share. This transaction amounted to 8.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Andre has been a net seller over the last 12 months, reducing personal holdings by €334k.
お知らせ • Nov 29Penneo A/S, Annual General Meeting, Apr 10, 2024Penneo A/S, Annual General Meeting, Apr 10, 2024.
Reported Earnings • Nov 23Third quarter 2023 earnings released: kr.0.35 loss per share (vs kr.0.20 loss in 3Q 2022)Third quarter 2023 results: kr.0.35 loss per share (further deteriorated from kr.0.20 loss in 3Q 2022). Revenue: kr.15.9m (up 7.8% from 3Q 2022). Net loss: kr.11.6m (loss widened 87% from 3Q 2022). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings.
お知らせ • Nov 23Penneo A/S Revises Earnings Guidance for the Year 2023Penneo A/S revised earnings guidance for the year 2023. For the period, Company assumes an ARR level of DKK 87 million - DKK 92 million at the end of 2023 corresponding to an ARR growth rate of 23% - 30%. This is a narrower ARR guidance range within the previously communicated range of DKK 87 million -95 million at the end of 2023.
お知らせ • Nov 22+ 3 more updatesPenneo A/S to Report Q1, 2024 Results on May 23, 2024Penneo A/S announced that they will report Q1, 2024 results on May 23, 2024
New Risk • Nov 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (kr.3.6m net loss in 3 years). Share price has been volatile over the past 3 months (6.2% average weekly change). Shareholders have been diluted in the past year (4.1% increase in shares outstanding). Market cap is less than US$100m (€34.2m market cap, or US$36.7m).
お知らせ • Oct 12Penneo Announces Executive AppointmentsPenneo announced the promotion of two talented individuals, Mads Paludan Aabling and Sara Lindgaard, to join the company's senior management team. These appointments mark a strategic move to strengthen the company's leadership and drive continued innovation and success. Mads Paludan Aabling, formerly Vice President for Commercial Operations in Penneo, brings a wealth of experience and a proven track record of building and leading commercial teams in Penneo and other SaaS companies. In his new role as Chief Sales Officer, Mads will play a key role in reaching Penneo's growth targets in the coming years from new sales as well as revenue uplift from existing customers through cross selling and increasing product usage. The promotions come at an important point in time for Penneo, as the company is gaining further traction on the digital signature and KYC market in Europe. The enhanced leadership team is set to improve the way Penneo generates demand and sells its products in addition to improve overall organizational efficiency, product development and support expansion into new markets.
Reported Earnings • Aug 20Second quarter 2023 earnings released: kr.0.29 loss per share (vs kr.0.25 loss in 2Q 2022)Second quarter 2023 results: kr.0.29 loss per share (further deteriorated from kr.0.25 loss in 2Q 2022). Revenue: kr.21.9m (up 25% from 2Q 2022). Net loss: kr.9.42m (loss widened 19% from 2Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings.
お知らせ • Aug 18Penneo A/S Reaffirms Earnings Guidance for the Year 2023Penneo A/S reaffirmed earnings guidance for the year 2023. The company expects guidance for 2023 remains unchanged. The company continues to assume an ARR level of DKK 87 million to DKK 95 million at the end of 2023 corresponding to an ARR growth rate of 23% to 34%.
Recent Insider Transactions • Jun 02Co-Founder & Chief Commercial Officer recently sold €228k worth of stockOn the 26th of May, Andre Clement sold around 200k shares on-market at roughly €1.14 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €345k. This was Andre's only on-market trade for the last 12 months.
Board Change • Jun 01High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Morten Elk is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • May 18First quarter 2023 earnings released: kr.0.28 loss per share (vs kr.0.26 loss in 1Q 2022)First quarter 2023 results: kr.0.28 loss per share (further deteriorated from kr.0.26 loss in 1Q 2022). Revenue: kr.18.0m (up 26% from 1Q 2022). Net loss: kr.9.13m (loss widened 23% from 1Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Software industry in Germany.
お知らせ • May 16+ 1 more updatePenneo A/S Reaffirms Earnings Guidance for the Year 2023Penneo A/S reaffirmed earnings guidance for the year 2023. The company's guidance for 2023 remains unchanged. The guidance is based on continued cautious buying behavior in 2023. Looking further ahead Penneo expects solid demand for its solutions due to increased focus on digitalization and stricter regulatory demands, especially in industries regulated by anti-money laundering (AML) regulation.
お知らせ • May 11Penneo Appoints Kirstine Møller Pedersen as New Chief Marketing Officer Effective August 1, 2023Penneo announced that it has appointed Kirstine Møller Pedersen as new Chief Marketing Officer. Kirstine Møller Pedersen will step into her new role on 1 August 2023, and head up Penneo's marketing team driving a range of strategic initiatives that are key to pave the way for growth and increase revenue as the company continues to execute its growth plans and intention to expand operations to new markets in Europe. This includes digital marketing aimed at generating demand for Penneo's products as well as brand development and company positioning strategy. Kirstine Møller Pedersen is a Danish national and a master's graduate of Economics and Marketing from Copenhagen Business School. She joins Penneo from a position as Global Head of Marketing in Planday, a SaaS company specialized in Workforce Management software, where she has been instrumental to the company's growth and the successful acquisition by the tech giant, Xero, known for its small business accounting software.
Recent Insider Transactions • Mar 29Independent Director recently sold €345k worth of stockOn the 22nd of March, Morten Elk sold around 283k shares on-market at roughly €1.22 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Reported Earnings • Mar 08Full year 2022 earnings released: kr.0.65 loss per share (vs kr.0.72 loss in FY 2021)Full year 2022 results: kr.0.65 loss per share. Revenue: kr.72.1m (up 33% from FY 2021). Net loss: kr.20.3m (loss widened 8.7% from FY 2021). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Software industry in Germany.
お知らせ • Dec 22Penneo Appoints Hans J. Skovgaard as Chief Technology and Product OfficerPenneo announced that Hans J. Skovgaard will join the company in a newly established role as Chief Technology and Product Officer. Reporting to Penneo's CEO, Christian Stendevad, Hans will be responsible for leading the company's product development teams using his extensive experience to advance Penneo's technology innovation, as well as the strategic direction of the company's product roadmap. Hans J. Skovgaard is a Danish national and a master's graduate of artificial intelligence, computer science and holds an MBA from IMD. With over 20 years of technology and software engineering leadership experience, he has a successful history of driving strategic planning, running operations, and advancing development initiatives in software companies. Most recently, he has served as CTO and Vice President of R&D in Capture One. Prior to this, he worked as VP for Engineering in Milestone Systems. He has also held senior leadership positions in Microsoft and Mondosoft.
お知らせ • Dec 17Penneo A/S Appoints Daniel Selde as Chief Marketing Officer, Effective 1 January 2023Penneo A/S announced the appointment of Daniel Selde to a newly created role as Chief Marketing Officer. Daniel Selde will step into his new role as of 1 January 2023. In Penneo, Daniel will head up the marketing team and drive strategic initiatives that are fundamental to facilitate growth and increase revenue as the company continues to execute its growth plans and intention to expand operations across new markets in Europe. This includes company positioning, brand development, and digital marketing aimed at generating demand for Pennos products. Daniel Selde is a Danish national and a master's graduate of IT & Marketing who has 10 years of experience building industry-best marketing teams. He has focused on delivering substantial growth and strategic efficiency improvements in SaaS and e-commerce companies that have outpaced the performance of competitors.
Reported Earnings • Nov 24Third quarter 2022 earnings released: kr.0.20 loss per share (vs kr.0.36 loss in 3Q 2021)Third quarter 2022 results: kr.0.20 loss per share (improved from kr.0.36 loss in 3Q 2021). Revenue: kr.14.7m (up 62% from 3Q 2021). Net loss: kr.6.19m (loss narrowed 32% from 3Q 2021). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Software industry in Germany.
お知らせ • Nov 24+ 3 more updatesPenneo A/S to Report Q3, 2023 Results on Nov 21, 2023Penneo A/S announced that they will report Q3, 2023 results on Nov 21, 2023
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Steffen Peter Heegaard was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Breakeven Date Change • Aug 26No longer forecast to breakevenThe 3 analysts covering Penneo no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of kr.2.00m in 2024. New consensus forecast suggests the company will make a loss of kr.19.0m in 2024.
お知らせ • Aug 24Penneo A/S to Report Fiscal Year 2022 Results on Feb 28, 2023Penneo A/S announced that they will report fiscal year 2022 results on Feb 28, 2023
Reported Earnings • May 25First quarter 2022 earnings released: kr.0.26 loss per share (vs kr.0.25 loss in 1Q 2021)First quarter 2022 results: kr.0.26 loss per share (down from kr.0.25 loss in 1Q 2021). Revenue: kr.14.4m (up 32% from 1Q 2021). Net loss: kr.7.45m (loss widened 19% from 1Q 2021). Over the next year, revenue is forecast to grow 47%, compared to a 13% growth forecast for the industry in Germany.
Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Chairman of the Board Christian Sagild was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 02Full year 2021 earnings releasedFull year 2021 results: Revenue: kr.54.3m (up 53% from FY 2020). Net loss: kr.18.6m (loss widened 46% from FY 2020). Over the next year, revenue is forecast to grow 43%, compared to a 15% growth forecast for the industry in Germany.
Buying Opportunity • Mar 04Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 38%. The fair value is estimated to be kr.2.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 53% over the last year. Earnings per share has declined by 77% over the last year.
お知らせ • Feb 22Penneo A/S Provides Revenue Guidance for the Year 2022In 2022, Penneo A/S expected continued growth in ARR and guides ARR at the level of DKK 77 Million -DKK 82 Million at the end of 2022 corresponding to an ARR growth rate of 40%-49%.
Breakeven Date Change • Jan 01Forecast to breakeven in 2024The 2 analysts covering Penneo expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of kr.25.0m in 2024. Average annual earnings growth of 80% is required to achieve expected profit on schedule.
お知らせ • Nov 27Penneo A/S Maintains Revenue Guidance for the Full Year of 2021Penneo A/S maintains ARR guidance for 2021 of DKK 54 million - DKK 57 million, which corresponds to a year-on-year growth rate of 46%-54%.
お知らせ • Aug 28Penneo A/S Provides Revenue Guidance for the Full Year of 2021Penneo A/S provided revenue guidance for the full year of 2021. For the year, the company expected ARR to be DKK 56 million - DKK 60 million DKK from DKK 54 million - DKK 59 million.
Reported Earnings • May 28First quarter 2021 earnings released: kr.0.25 loss per share (vs kr.0.49 loss in 1Q 2020)The company reported a mediocre first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: kr.10.9m (up 45% from 1Q 2020). Net loss: kr.6.28m (loss widened 130% from 1Q 2020).
お知らせ • May 27Penneo Provides Revenue Guidance for the First Half and Full Year of Fiscal 2021Penneo provided revenue guidance for the first half and full year of fiscal 2021. Penneo maintains short-term ARR-guidance which continues to be DKK 45-47 million for first half 2021 and DKK 54-59 million for 2021.
お知らせ • Mar 25Penneo Aps Provides Earnings Guidance for the Half Year and Full Year 2021Penneo ApS provides earnings guidance for the half year and full year 2021. For the first half-year of 2021, Penneo expects ARR at the level of DKK 41 million-DKK 45 million . For the entire year 2021, Penneo expects ARR at the level of DKK 52 million -DKK 57 million.
お知らせ • Mar 06Penneo ApS Announces Board ChangesPenneo ApS announced that at its EGM held on 5 March 2021, the shareholders approved the CTO Jan Flora resigned from the board of directors, while Rikke Stampe Skov was elected.
お知らせ • Feb 02+ 1 more updatePenneo Revises Revenue Guidance First Half of Fiscal 2021Penneo revised revenue guidance first half of fiscal 2021. The company now guides the ARR for the end of first half-year 2021 to increase by DKK 2 million to DKK 3 million to the level of DKK 41 million to DKK 45 million due to: Higher ARR growth from new customers; Increased usage of Penneo's platform by existing customers. In Penneo's IPO document of June 2, 2020, the company announced ARR guidance for the end of first half-year 2021 at the level of DKK 38 million to DKK 43 million (Company Description, Section 7).
Is New 90 Day High Low • Jan 07New 90-day high: €6.88The company is up 62% from its price of €4.25 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 17% over the same period.
お知らせ • Dec 26Penneo A/S Signs First Customer in FinlandPenneo A/S signs first audit and accounting customer, Accado, in Finland. The new contract is in alignment with the strategy to roll out Penneo's platform internationally and to focus on audit and accounting companies. With the new contract, Penneo now has customers in five European countries: Denmark, Sweden, Norway, Finland and Belgium.
お知らせ • Nov 26Penneo ApS Announces CEO ChangesPenneo ApS announced that Niels Henrik Rasmussen has resigned as CEO due to his daughter's back surgery and rehabilitation and to focus on his family going forward. The Board of Directors is in the process of recruiting a new CEO. Until a new CEO has been recruited, the Board has appointed Nicolaj Højer Nielsen as Interim CEO. Nicolaj Højer Nielsen is co-founder of Penneoas well as a member of the Board. He has temporarily stepped down as a Boardmember until the new CEO is in place.
Is New 90 Day High Low • Oct 13New 90-day high: €4.48The company is up 14% from its price of €3.95 on 15 July 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is flat over the same period.
お知らせ • Oct 13Penneo A/S Signs First Big10 Customer in BelgiumPenneo A/S signs its first Big10 customer, VGD, in Belgium. VGD will be Penneo A/S's second Belgian customer. The new contract is a result of Penneo's commercial activities in alignment with the strategy to roll out Penneo's platform internationally.
お知らせ • Oct 07Penneo ApS (CPSE:PENNEO) acquired the Know-Your-Customer (KYC) Software Activities of CLA Reply Aps for DKK 15 million.Penneo ApS (CPSE:PENNEO) acquired the Know-Your-Customer (KYC) Software Activities of CLA Reply Aps for DKK 15 million on October 6, 2020. Under the terms of the transaction, Penneo will pay a fixed amount of DKK 12 million at closing of the transaction of which DKK 3.8 million will be paid in cash and the remaining DKK 8.3 million will be paid through the issuance of Penneo shares at the applicable market price. An additional consideration of DKK 3 million will be paid no later than December 31, 2021, contingent on the achievement of four performance milestones that each constitute 25% of the DKK 3 million; two of which regard internationalization by entering two new countries and two of which regard retention of two founders; Henrik Asbæk Boensvang and Shum Stra. The earn-out will be paid with a number of Penneo shares at the applicable market price equivalent to a total market value of DKK 3 million. Pursuant to the transaction, a small team of employees will continue employment at Penneo. Jesper Skaarup Vestergaard of Grant Thornton acted as financial advisor to Penneo in the transaction. Penneo ApS (CPSE:PENNEO) completed the acquisition of the Know-Your-Customer (KYC) Software Activities of CLA Reply Aps on October 6, 2020.
お知らせ • Sep 29+ 1 more updatePenneo Announces Executive ChangesNiels Henrik Rasmussen has resigned as CEO of Penneo due to his daughter's back surgery and rehabilitation, and to focus on his family going forward. The Board of Directors has initiated a recruitment process to appoint a new CEO who will work closely with the strong Penneo organisation to continue the company's expansion strategy and further unfold Penneo's full potential. Until a new CEO has been recruited, the Board has appointed Nicolaj Højer Nielsen as Interim CEO. He is co-founder of Penneo as well as a member of the Board. He will temporarily step down as Board member in Penneo until the new CEO is in place. Højer Nielsen is a strong match in this interim role.
お知らせ • Aug 28+ 2 more updatesPenneo ApS to Report Q3, 2020 Results on Nov 25, 2020Penneo ApS announced that they will report Q3, 2020 results on Nov 25, 2020