View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active.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 EventsBasware Oyj 将来の成長Future 基準チェック /46Basware Oyjは、75.7%と6.7%でそれぞれ年率75.7%で利益と収益が成長すると予測される一方、EPSはgrowで75.3%年率。主要情報75.7%収益成長率75.26%EPS成長率Software 収益成長15.6%収益成長率6.7%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 • Nov 16Forecast to breakeven in 2022The 4 analysts covering Basware Oyj expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €4.13m in 2022. Average annual earnings growth of 92% is required to achieve expected profit on schedule.Breakeven Date Change • Oct 22Forecast to breakeven in 2022The 4 analysts covering Basware Oyj expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €4.25m in 2022. Average annual earnings growth of 91% is required to achieve expected profit on schedule.すべての更新を表示Recent updatesお知らせ • Oct 29Basware's New GenAI Tool Transforms Insights for CFOsBasware upgraded its analytics platform with GenAI to deliver Basware Insights. The latest innovation will transform how finance teams analyze, manage and report on their AP processes. Basware Insights not only addresses a crucial reporting challenge faced by finance leaders, but also provides real-time analysis and actionable insights, enabling finance teams to streamline operations and maximize their team potential. Addressing Financial Visibility Gaps: CFOs often struggle to gain visibility into key financial processes across their business, leaving critical questions – from process performance to areas of improvement – unanswered. In addition, they are also tied up with financial reporting, both internally to the boardroom and externally to federal tax authorities. Publicly listed businesses are mandated by the SEC, London Stock Exchange, and other regulatory organizations to release quarterly and annual financial records to shareholders. Transforming AP Team Efficiency: Adding to the challenge, AP Managers also have their own reporting demands to track and improve KPIs for their teams. More than 50% of AP leaders are actively looking to improve their reporting and analytics to stay on top of their data, according to a benchmark report. With 84% of a typical AP practitioner's day spent on manual tasks, including data collection, consolidation, analysis and reporting, Basware Insights offers a solution, providing complete coverage of AP operations combined with AI-powered, real-time insights. Natural Language Processing Meets Financial Analytics: The Basware Insights platform – which enables AP leaders to ask questions in natural language and receive tailored insights in return – transforms the way that customers and finance departments analyze and interact with data. It provides an easy-to-use, customizable dashboard with AI-driven insights. It also provides data-driven benchmarking for industry-specific insights and specialized reporting capabilities, all of which drive long-term business growth. With GenAI, it will constantly learn and improve the underlying data over time. Key Metrics with 'CFO Cockpit': With Basware Insights, finance leaders can use the 'CFO Cockpit' to monitor key metrics such as touchless invoice rate, providing visibility over manual or human intervention throughout the invoice process, and retrospective POs (POs created after the invoice is sent), helping CFOs manage spend control and analyze the invoice process in-depth. The CFO Cockpit gives CFOs visibility into essential financial and operational metrics to optimize overall financial performance. Insights builds on Basware's wider AI strategy, hiring Director of AI Anssi Roukonen to oversee AI innovation, as well as launching AI Copilot AskMary and AI-powered fraud prevention and overpayment tool AP Protect, to help streamline the office of the CFO.お知らせ • Sep 18Basware Appoints Donna Wilczek to Board of DirectorsBasware announced the appointment of Donna Wilczek to its Board of Directors. Wilczek, a seasoned technology executive, will provide guidance on product innovation and market strategy to support the evolving needs of global businesses. Wilczek brings extensive experience to Basware, most notably her 13-year tenure at Coupa, where she served as Executive Vice President of Strategy and Innovation. She played a key role in Coupa's growth, helping the company evolve from early startup to successful IPO, a privatization valued at $8 billion, and annual billings exceeding $1 billion. Currently, Wilczek serves as Chief Product Officer at Oomnitza, the leader in enterprise technology management. She is also a board member at Optimizely, the leading digital experience platform provider. Earlier in her career, she held leadership positions at SaaS companies TriNet and Ketera, and gained consulting experience at IBM and Accenture. However, most CFOs rely on multiple technology systems for payment cycles, leading to issues such as supplier onboarding, invoice matching and compliance, which cause delays and late payments – ultimately harming a company's financial health and supply chain relationships. Basware has continued to strengthen its leadership in 2024, enhancing its focus on e-invoicing compliance, AI, and fraud and audit recovery. Wilczek follows the appointments of Head of Compliance Markus Hornburg, CIO Barrett Schiwitz and Director of AI Anssi Ruokonen. Wilczek, an accomplished innovator with twenty-four software patents, brings deep expertise in areas including business spend management (BSM), procurement, AP automation, product development, AI, and business strategy. She has been recognized by third-party firms for her industry contribution and thought leadership.お知らせ • Apr 23Basware Introduces AP ProtectBasware has introduced AP Protect, an AI-powered solution that empowers finance teams to protect their organizations from the threat of profit loss, invoice errors and fraud. In 2023, Basware identified 10,800 incorrect payments made by companies for supplier invoices due to duplicate payments and fraud. This recovered the value of $191 million from a spend of $245 billion. On average, this prevented up to $1m in losses for $1bn spent by a company. CFOs are under immense pressure to protect their profits from invoice fraud and erroneous payments. Over 70% of businesses fall victim to invoice or payment fraud each year, with accounts payable (AP) teams the most targeted. Moreover, 58% are compromised annually through vendor impersonation scams alone, increasing the complexities of managing financial integrity. Basware's AP Protect solution addresses these challenges. By leveraging over 800 algorithms and real-time monitoring, the solution identifies potential errors, prevents overpayments, and detects internal and external fraudulent activities, before it can impact a company's bottom line. It does this while applying confidence indicators to minimize 'false positives' - transactions that are incorrectly identified as fraudulent. In doing so, AP Protect empowers finance leaders to safeguard their working capital and navigate economic uncertainties with confidence. Key benefits of Basware AP Protect: Prevent Overpayment: Proactively identify errors and prevent overpayment funds. Fraud Prevention: Highlight fraudulent vendors and questionable transactions with invoice analysis. Vendor Analysis: Use insights to remove the root causes of overpayment and fraud in the vendor master data. AP Protect strengthens Basware's strategy against profit loss and fraud prevention, following the company's acquisition of Glantus last year. It enables businesses to go beyond traditional AP automation, providing them with complete coverage of the entire invoice lifecycle.お知らせ • Feb 06Basware Appoints Markus Hornburg as Its Senior Vice President, Global ComplianceBasware appointed Markus Hornburg as its Senior Vice President, Global Compliance. It strengthens the company's compliance offering to help customers through upcoming e-invoicing requirements. With over 25 years in product, trade and tax compliance, Hornburg has worked with governments and private sector companies globally, bringing a wealth of experience defining and delivering digitalization efforts. Before joining Basware, he served as VP of Global Product Compliance for Coupa Software and VP of Compliance at Tungsten Network.お知らせ • Oct 19Basware Oyj completed the acquisition of Glantus Holdings PLC (AIM : GLAN) from a group of sellers.Basware Oyj agreed to acquire Glantus Holdings PLC (AIM : GLAN) from a group of sellers for £17.1 million on August 14, 2023. Under the terms of the acquisition, Glantus shareholders will be entitled to receive for each Glantus share £0.3342 in cash. The transaction is expected to be implemented by way of scheme of arrangement. The consideration payable to Glantus Scheme Shareholders pursuant to the terms of the Acquisition is to be funded from a combination of a facility provided by Basware's existing lender, Golub Capital LLC, together with Basware's own cash resources and equity investments. The acquirer does not intend to initiate any material headcount changes within the current Glantus organization as a result of the acquisition. The non-executive directors on the board of Glantus will resign from Glantus on the effective date. As of October 10, 2023, the High Court made an order sanctioned the Scheme. The Scheme will become Effective on October 18, 2023.Basware has received irrevocable undertakings from all of the directors of Glantus, Andrew Frazer, Martin Bolland, Ian Smith, Judith Nelson, Michael Maye, Joe Keating, Gráinne McKeown, and Karl Andersson in respect of approximately 72.34% of the issued share capital of Glantus. The Glantus Board unanimously recommends that Glantus shareholders vote in favour of the acquisition. The acquisition is conditional on, among other things, (i) the approval by the Glantus Shareholders of the scheme meeting resolution; (ii) the approval by the Glantus shareholders of the EGM resolutions; (iii) the sanction of the scheme by the High Court; and (iv) receipt of any necessary regulatory or other approvals. It is anticipated that the scheme will, subject to obtaining any necessary regulatory approvals, be declared effective in the fourth quarter of 2023. As of September 19, 2023, the court hearing is expected to take place on October 10, 20223 and scheme will become effective on October 11, 2023. Patrick Castle, Tom Knibbs and Lucy Bowden of Shore Capital and Corporate Limited acted as financial advisor of Glantus board. Anton Black, Mitul Manji and Tom Guinness of Rothschild & Co acted as financial advisor to Basware. Maura McLaughlin, Brian O’Gorman, David Molloy, Ed McDonagh and Orlaith Kane of Arthur Cox LLP is acting as legal adviser to Basware and DAC Beachcroft LLP is acting as legal adviser to Glantus.Basware Oyj completed the acquisition of Glantus Holdings PLC (AIM : GLAN) from a group of sellers on October 18, 2023. Following the successful acquisition, Glantus has now been delisted from the London Stock Exchange.お知らせ • Aug 23Basware Appoints Jason Kurtz as Permanent CEOBasware has announced the appointment of a permanent CEO. Jason Kurtz, who has served as Basware's interim CEO since the beginning of 2023, will now lead the company's growth initiatives on a permanent basis. With a career spanning over 20 years, Jason brings deep expertise in B2B enterprise SaaS and a proven track record in managing global organizations to his role as CEO. In his previous role as interim CEO since January 2023, Jason played a pivotal role in steering Basware towards its focus on the office of the CFO, reinventing Basware's brand, and accelerating its growth. Jason assumed the role of interim CEO earlier this year following the take-private transaction of Basware in August 2022, by a consortium of investors led by software private equity firm Accel-KKR. Jason previously served as a founding member of the operating team at Accel-KKR for more than ten years. Prior to this, Jason worked at Ariba Inc. (acquired by SAP in 2012) for 11 years in a variety of executive roles. Jason's appointment brings assurance that Basware will continue upon the improvements seen towards deeper expertise and growth in key markets. It will extend Basware's tech leadership in AP and invoice automation, through its commitment towards sustained innovation of the landscape and reshaping the future of financial processes. The announcement will also pave the way to accelerate Basware's pursuit of its strategic initiatives and investment activities.お知らせ • Jul 06Glantus Mulls Potential Takeover BidGlantus Holdings PLC (AIM:GLAN) shares surged on July 5, 2023, after it confirmed that it is in discussions over its possible takeover. Glantus confirmed that it is in discussions with Accel-KKR LLC and its investee company Basware Corp. in relation to a possible cash offer for its entire share capital. It is now considered to be in an "offer period". In accordance with Irish Takeover Rules, Accel-KKR must either announce a firm intention to make an offer for the company by August 16. This deadline can be extended with the consent of the Irish Takeover Panel, at the request of the company. "There can be no certainty that an offer will be made, nor as to the terms on which any offer will be made," Glantus added.Reported Earnings • Apr 27First quarter 2022 earnings released: EPS: €0.065 (vs €0.10 loss in 1Q 2021)First quarter 2022 results: EPS: €0.065 (up from €0.10 loss in 1Q 2021). Revenue: €38.9m (up 3.0% from 1Q 2021). Net income: €938.0k (up €2.42m from 1Q 2021). Profit margin: 2.4% (up from net loss in 1Q 2021). The move to profitability was primarily driven by lower expenses. Over the next year, revenue is forecast to grow 6.6%, compared to a 28% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 01Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: €0.98 loss per share (down from €0.51 loss in FY 2020). Revenue: €153.2m (up 1.0% from FY 2020). Net loss: €14.2m (loss widened 94% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 5.4%, compared to a 30% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 01Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: €0.98 loss per share (down from €0.51 loss in FY 2020). Revenue: €153.2m (up 1.0% from FY 2020). Net loss: €14.2m (loss widened 94% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 5.4%, compared to a 30% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Breakeven Date Change • Nov 16Forecast to breakeven in 2022The 4 analysts covering Basware Oyj expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €4.13m in 2022. Average annual earnings growth of 92% is required to achieve expected profit on schedule.Board Change • Nov 16High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Director Daryl Rolley is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Board Change • Nov 16High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Director Daryl Rolley is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Oct 22Third quarter 2021 earnings released: €0.74 loss per share (vs €0.06 loss in 3Q 2020)The company reported a poor third quarter result with increased losses and weaker control over costs, although revenues were flat. Third quarter 2021 results: Revenue: €37.1m (flat on 3Q 2020). Net loss: €10.7m (loss widened €9.87m from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 22% per year.Breakeven Date Change • Oct 22Forecast to breakeven in 2022The 4 analysts covering Basware Oyj expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €4.25m in 2022. Average annual earnings growth of 91% is required to achieve expected profit on schedule.Board Change • Oct 22High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Director Daryl Rolley is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Jul 17Second quarter 2021 earnings released: €0.097 loss per share (vs €0.07 loss in 2Q 2020)The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: €38.6m (up 2.1% from 2Q 2020). Net loss: €1.41m (loss widened 36% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 4% per year.Executive Departure • Jul 01Chief Customer Officer Jussi Vasama has left the companyOn the 24th of June, Jussi Vasama's tenure as Chief Customer Officer ended after 4.1 years in the role. As of March 2021, Jussi still personally held 4.47k shares (€83k worth at the time). Jussi is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.25 years.Reported Earnings • Feb 24Full year 2020 earnings released: €0.51 loss per share (vs €1.63 loss in FY 2019)The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: €151.6m (up 2.2% from FY 2019). Net loss: €7.33m (loss narrowed 69% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Feb 24Revenue misses expectationsRevenue missed analyst estimates by 0.2%. Over the next year, revenue is forecast to grow 3.6%, compared to a 7.9% growth forecast for the Software industry in the United Kingdom.Is New 90 Day High Low • Dec 18New 90-day high: €40.50The company is up 9.0% from its price of €37.20 on 18 September 2020. The British market is also up 9.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Software industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €44.88 per share.業績と収益の成長予測BATS-CHIXE:BAS1VH - アナリストの将来予測と過去の財務データ ( )EUR 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12/31/2024183111734112/31/202317991329212/31/2022161-4-31326/30/2022156-20919N/A3/31/2022154-12716N/A12/31/2021153-141220N/A9/30/2021152-15917N/A6/30/2021152-61321N/A3/31/2021151-51725N/A12/31/2020152-71625N/A9/30/2020152-101424N/A6/30/2020152-11818N/A3/31/2020151-19-29N/A12/31/2019148-23-64N/A9/30/2019146-24-14-3N/A6/30/2019143-25-18-8N/A3/31/2019141-22-23-12N/A12/31/2018141-7-17-6N/A9/30/2018144-6-17-5N/A6/30/2018146-2-19-7N/A3/31/20181480-16-4N/A12/31/2017149-12-16-4N/A9/30/2017150-12-19-8N/A6/30/2017150-16-22-8N/A3/31/2017151-17-20-7N/A12/31/2016149-14-14-2N/A9/30/2016148-7-115N/A6/30/2016146-3-103N/A3/31/20161430N/A6N/A12/31/20151433N/A14N/A9/30/20151392N/A13N/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: BAS1VHは今後 3 年間で収益性が向上すると予測されており、これは 貯蓄率 ( 0.9% ) よりも高い成長率であると考えられます。収益対市場: BAS1VH今後 3 年間で収益性が向上すると予想されており、これは市場平均を上回る成長と考えられます。高成長収益: BAS1VH今後 3 年以内に収益を上げることが予想されます。収益対市場: BAS1VHの収益 ( 6.7% ) UK市場 ( 4.5% ) よりも速いペースで成長すると予測されています。高い収益成長: BAS1VHの収益 ( 6.7% ) 20%よりも低い成長が予測されています。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: BAS1VH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2022/09/26 20:56終値2022/06/29 00:00収益2022/06/30年間収益2021/12/31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Basware Oyj 2 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。5 アナリスト機関Matti RiikonenCarnegie Investment Bank ABJyri TuomolaDanske BankMikko ErvastiEvli Bank plc2 その他のアナリストを表示
Breakeven Date Change • Nov 16Forecast to breakeven in 2022The 4 analysts covering Basware Oyj expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €4.13m in 2022. Average annual earnings growth of 92% is required to achieve expected profit on schedule.
Breakeven Date Change • Oct 22Forecast to breakeven in 2022The 4 analysts covering Basware Oyj expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €4.25m in 2022. Average annual earnings growth of 91% is required to achieve expected profit on schedule.
お知らせ • Oct 29Basware's New GenAI Tool Transforms Insights for CFOsBasware upgraded its analytics platform with GenAI to deliver Basware Insights. The latest innovation will transform how finance teams analyze, manage and report on their AP processes. Basware Insights not only addresses a crucial reporting challenge faced by finance leaders, but also provides real-time analysis and actionable insights, enabling finance teams to streamline operations and maximize their team potential. Addressing Financial Visibility Gaps: CFOs often struggle to gain visibility into key financial processes across their business, leaving critical questions – from process performance to areas of improvement – unanswered. In addition, they are also tied up with financial reporting, both internally to the boardroom and externally to federal tax authorities. Publicly listed businesses are mandated by the SEC, London Stock Exchange, and other regulatory organizations to release quarterly and annual financial records to shareholders. Transforming AP Team Efficiency: Adding to the challenge, AP Managers also have their own reporting demands to track and improve KPIs for their teams. More than 50% of AP leaders are actively looking to improve their reporting and analytics to stay on top of their data, according to a benchmark report. With 84% of a typical AP practitioner's day spent on manual tasks, including data collection, consolidation, analysis and reporting, Basware Insights offers a solution, providing complete coverage of AP operations combined with AI-powered, real-time insights. Natural Language Processing Meets Financial Analytics: The Basware Insights platform – which enables AP leaders to ask questions in natural language and receive tailored insights in return – transforms the way that customers and finance departments analyze and interact with data. It provides an easy-to-use, customizable dashboard with AI-driven insights. It also provides data-driven benchmarking for industry-specific insights and specialized reporting capabilities, all of which drive long-term business growth. With GenAI, it will constantly learn and improve the underlying data over time. Key Metrics with 'CFO Cockpit': With Basware Insights, finance leaders can use the 'CFO Cockpit' to monitor key metrics such as touchless invoice rate, providing visibility over manual or human intervention throughout the invoice process, and retrospective POs (POs created after the invoice is sent), helping CFOs manage spend control and analyze the invoice process in-depth. The CFO Cockpit gives CFOs visibility into essential financial and operational metrics to optimize overall financial performance. Insights builds on Basware's wider AI strategy, hiring Director of AI Anssi Roukonen to oversee AI innovation, as well as launching AI Copilot AskMary and AI-powered fraud prevention and overpayment tool AP Protect, to help streamline the office of the CFO.
お知らせ • Sep 18Basware Appoints Donna Wilczek to Board of DirectorsBasware announced the appointment of Donna Wilczek to its Board of Directors. Wilczek, a seasoned technology executive, will provide guidance on product innovation and market strategy to support the evolving needs of global businesses. Wilczek brings extensive experience to Basware, most notably her 13-year tenure at Coupa, where she served as Executive Vice President of Strategy and Innovation. She played a key role in Coupa's growth, helping the company evolve from early startup to successful IPO, a privatization valued at $8 billion, and annual billings exceeding $1 billion. Currently, Wilczek serves as Chief Product Officer at Oomnitza, the leader in enterprise technology management. She is also a board member at Optimizely, the leading digital experience platform provider. Earlier in her career, she held leadership positions at SaaS companies TriNet and Ketera, and gained consulting experience at IBM and Accenture. However, most CFOs rely on multiple technology systems for payment cycles, leading to issues such as supplier onboarding, invoice matching and compliance, which cause delays and late payments – ultimately harming a company's financial health and supply chain relationships. Basware has continued to strengthen its leadership in 2024, enhancing its focus on e-invoicing compliance, AI, and fraud and audit recovery. Wilczek follows the appointments of Head of Compliance Markus Hornburg, CIO Barrett Schiwitz and Director of AI Anssi Ruokonen. Wilczek, an accomplished innovator with twenty-four software patents, brings deep expertise in areas including business spend management (BSM), procurement, AP automation, product development, AI, and business strategy. She has been recognized by third-party firms for her industry contribution and thought leadership.
お知らせ • Apr 23Basware Introduces AP ProtectBasware has introduced AP Protect, an AI-powered solution that empowers finance teams to protect their organizations from the threat of profit loss, invoice errors and fraud. In 2023, Basware identified 10,800 incorrect payments made by companies for supplier invoices due to duplicate payments and fraud. This recovered the value of $191 million from a spend of $245 billion. On average, this prevented up to $1m in losses for $1bn spent by a company. CFOs are under immense pressure to protect their profits from invoice fraud and erroneous payments. Over 70% of businesses fall victim to invoice or payment fraud each year, with accounts payable (AP) teams the most targeted. Moreover, 58% are compromised annually through vendor impersonation scams alone, increasing the complexities of managing financial integrity. Basware's AP Protect solution addresses these challenges. By leveraging over 800 algorithms and real-time monitoring, the solution identifies potential errors, prevents overpayments, and detects internal and external fraudulent activities, before it can impact a company's bottom line. It does this while applying confidence indicators to minimize 'false positives' - transactions that are incorrectly identified as fraudulent. In doing so, AP Protect empowers finance leaders to safeguard their working capital and navigate economic uncertainties with confidence. Key benefits of Basware AP Protect: Prevent Overpayment: Proactively identify errors and prevent overpayment funds. Fraud Prevention: Highlight fraudulent vendors and questionable transactions with invoice analysis. Vendor Analysis: Use insights to remove the root causes of overpayment and fraud in the vendor master data. AP Protect strengthens Basware's strategy against profit loss and fraud prevention, following the company's acquisition of Glantus last year. It enables businesses to go beyond traditional AP automation, providing them with complete coverage of the entire invoice lifecycle.
お知らせ • Feb 06Basware Appoints Markus Hornburg as Its Senior Vice President, Global ComplianceBasware appointed Markus Hornburg as its Senior Vice President, Global Compliance. It strengthens the company's compliance offering to help customers through upcoming e-invoicing requirements. With over 25 years in product, trade and tax compliance, Hornburg has worked with governments and private sector companies globally, bringing a wealth of experience defining and delivering digitalization efforts. Before joining Basware, he served as VP of Global Product Compliance for Coupa Software and VP of Compliance at Tungsten Network.
お知らせ • Oct 19Basware Oyj completed the acquisition of Glantus Holdings PLC (AIM : GLAN) from a group of sellers.Basware Oyj agreed to acquire Glantus Holdings PLC (AIM : GLAN) from a group of sellers for £17.1 million on August 14, 2023. Under the terms of the acquisition, Glantus shareholders will be entitled to receive for each Glantus share £0.3342 in cash. The transaction is expected to be implemented by way of scheme of arrangement. The consideration payable to Glantus Scheme Shareholders pursuant to the terms of the Acquisition is to be funded from a combination of a facility provided by Basware's existing lender, Golub Capital LLC, together with Basware's own cash resources and equity investments. The acquirer does not intend to initiate any material headcount changes within the current Glantus organization as a result of the acquisition. The non-executive directors on the board of Glantus will resign from Glantus on the effective date. As of October 10, 2023, the High Court made an order sanctioned the Scheme. The Scheme will become Effective on October 18, 2023.Basware has received irrevocable undertakings from all of the directors of Glantus, Andrew Frazer, Martin Bolland, Ian Smith, Judith Nelson, Michael Maye, Joe Keating, Gráinne McKeown, and Karl Andersson in respect of approximately 72.34% of the issued share capital of Glantus. The Glantus Board unanimously recommends that Glantus shareholders vote in favour of the acquisition. The acquisition is conditional on, among other things, (i) the approval by the Glantus Shareholders of the scheme meeting resolution; (ii) the approval by the Glantus shareholders of the EGM resolutions; (iii) the sanction of the scheme by the High Court; and (iv) receipt of any necessary regulatory or other approvals. It is anticipated that the scheme will, subject to obtaining any necessary regulatory approvals, be declared effective in the fourth quarter of 2023. As of September 19, 2023, the court hearing is expected to take place on October 10, 20223 and scheme will become effective on October 11, 2023. Patrick Castle, Tom Knibbs and Lucy Bowden of Shore Capital and Corporate Limited acted as financial advisor of Glantus board. Anton Black, Mitul Manji and Tom Guinness of Rothschild & Co acted as financial advisor to Basware. Maura McLaughlin, Brian O’Gorman, David Molloy, Ed McDonagh and Orlaith Kane of Arthur Cox LLP is acting as legal adviser to Basware and DAC Beachcroft LLP is acting as legal adviser to Glantus.Basware Oyj completed the acquisition of Glantus Holdings PLC (AIM : GLAN) from a group of sellers on October 18, 2023. Following the successful acquisition, Glantus has now been delisted from the London Stock Exchange.
お知らせ • Aug 23Basware Appoints Jason Kurtz as Permanent CEOBasware has announced the appointment of a permanent CEO. Jason Kurtz, who has served as Basware's interim CEO since the beginning of 2023, will now lead the company's growth initiatives on a permanent basis. With a career spanning over 20 years, Jason brings deep expertise in B2B enterprise SaaS and a proven track record in managing global organizations to his role as CEO. In his previous role as interim CEO since January 2023, Jason played a pivotal role in steering Basware towards its focus on the office of the CFO, reinventing Basware's brand, and accelerating its growth. Jason assumed the role of interim CEO earlier this year following the take-private transaction of Basware in August 2022, by a consortium of investors led by software private equity firm Accel-KKR. Jason previously served as a founding member of the operating team at Accel-KKR for more than ten years. Prior to this, Jason worked at Ariba Inc. (acquired by SAP in 2012) for 11 years in a variety of executive roles. Jason's appointment brings assurance that Basware will continue upon the improvements seen towards deeper expertise and growth in key markets. It will extend Basware's tech leadership in AP and invoice automation, through its commitment towards sustained innovation of the landscape and reshaping the future of financial processes. The announcement will also pave the way to accelerate Basware's pursuit of its strategic initiatives and investment activities.
お知らせ • Jul 06Glantus Mulls Potential Takeover BidGlantus Holdings PLC (AIM:GLAN) shares surged on July 5, 2023, after it confirmed that it is in discussions over its possible takeover. Glantus confirmed that it is in discussions with Accel-KKR LLC and its investee company Basware Corp. in relation to a possible cash offer for its entire share capital. It is now considered to be in an "offer period". In accordance with Irish Takeover Rules, Accel-KKR must either announce a firm intention to make an offer for the company by August 16. This deadline can be extended with the consent of the Irish Takeover Panel, at the request of the company. "There can be no certainty that an offer will be made, nor as to the terms on which any offer will be made," Glantus added.
Reported Earnings • Apr 27First quarter 2022 earnings released: EPS: €0.065 (vs €0.10 loss in 1Q 2021)First quarter 2022 results: EPS: €0.065 (up from €0.10 loss in 1Q 2021). Revenue: €38.9m (up 3.0% from 1Q 2021). Net income: €938.0k (up €2.42m from 1Q 2021). Profit margin: 2.4% (up from net loss in 1Q 2021). The move to profitability was primarily driven by lower expenses. Over the next year, revenue is forecast to grow 6.6%, compared to a 28% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 01Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: €0.98 loss per share (down from €0.51 loss in FY 2020). Revenue: €153.2m (up 1.0% from FY 2020). Net loss: €14.2m (loss widened 94% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 5.4%, compared to a 30% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 01Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: €0.98 loss per share (down from €0.51 loss in FY 2020). Revenue: €153.2m (up 1.0% from FY 2020). Net loss: €14.2m (loss widened 94% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 5.4%, compared to a 30% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Breakeven Date Change • Nov 16Forecast to breakeven in 2022The 4 analysts covering Basware Oyj expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €4.13m in 2022. Average annual earnings growth of 92% is required to achieve expected profit on schedule.
Board Change • Nov 16High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Director Daryl Rolley is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Board Change • Nov 16High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Director Daryl Rolley is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Oct 22Third quarter 2021 earnings released: €0.74 loss per share (vs €0.06 loss in 3Q 2020)The company reported a poor third quarter result with increased losses and weaker control over costs, although revenues were flat. Third quarter 2021 results: Revenue: €37.1m (flat on 3Q 2020). Net loss: €10.7m (loss widened €9.87m from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 22% per year.
Breakeven Date Change • Oct 22Forecast to breakeven in 2022The 4 analysts covering Basware Oyj expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €4.25m in 2022. Average annual earnings growth of 91% is required to achieve expected profit on schedule.
Board Change • Oct 22High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Director Daryl Rolley is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Jul 17Second quarter 2021 earnings released: €0.097 loss per share (vs €0.07 loss in 2Q 2020)The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: €38.6m (up 2.1% from 2Q 2020). Net loss: €1.41m (loss widened 36% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 4% per year.
Executive Departure • Jul 01Chief Customer Officer Jussi Vasama has left the companyOn the 24th of June, Jussi Vasama's tenure as Chief Customer Officer ended after 4.1 years in the role. As of March 2021, Jussi still personally held 4.47k shares (€83k worth at the time). Jussi is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.25 years.
Reported Earnings • Feb 24Full year 2020 earnings released: €0.51 loss per share (vs €1.63 loss in FY 2019)The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: €151.6m (up 2.2% from FY 2019). Net loss: €7.33m (loss narrowed 69% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Feb 24Revenue misses expectationsRevenue missed analyst estimates by 0.2%. Over the next year, revenue is forecast to grow 3.6%, compared to a 7.9% growth forecast for the Software industry in the United Kingdom.
Is New 90 Day High Low • Dec 18New 90-day high: €40.50The company is up 9.0% from its price of €37.20 on 18 September 2020. The British market is also up 9.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Software industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €44.88 per share.