This company listing is no longer activeThis company may still be operating, however this listing is no longer active.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 (BAS1VH) 주식 개요Basware Oyj provides networked purchase-to-pay solutions and e-invoicing services in the Americas, Europe, Nordics, and the Asia Pacific. 자세히 보기BAS1VH 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장4/6과거 실적0/6재무 건전성3/6배당0/6강점공정 가치 추정치보다 낮은 11.4% 에서 거래수익은 매년 75.74% 증가할 것으로 예상됩니다.위험 분석주식은 유동성이 매우 낮습니다지난 3개월 동안 상당한 내부자 매도가 있었습니다.모든 위험 점검 보기BAS1VH Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€39.95해당 없음내재 할인율Est. Revenue$PastFuture-25m216m2016201920222025202620282031Revenue €216.2mEarnings €26.1mAdvancedSet Fair ValueView all narrativesBasware Oyj 경쟁사FD TechnologiesSymbol: AIM:FDPMarket cap: UK£569.8mCerillionSymbol: AIM:CERMarket cap: UK£387.0mIDOXSymbol: AIM:IDOXMarket cap: UK£347.9mdotdigital GroupSymbol: AIM:DOTDMarket cap: UK£146.8m가격 이력 및 성과Basware Oyj 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가€39.9552주 최고가€39.9552주 최저가€20.95베타0.321개월 변동0%3개월 변동n/a1년 변동n/a3년 변동80.77%5년 변동2.33%IPO 이후 변동80.04%최근 뉴스 및 업데이트공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.더 많은 업데이트 보기Recent updates공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.주주 수익률BAS1VHGB SoftwareGB 시장7D0%2.7%0.3%1Yn/a-26.2%18.8%전체 주주 수익률 보기수익률 대 산업: BAS1VH의 UK Software 산업 대비 성과를 판단하기에 데이터가 부족합니다.수익률 대 시장: BAS1VH의 UK 시장 대비 성과를 판단하기에 데이터가 부족합니다.주가 변동성Is BAS1VH's price volatile compared to industry and market?BAS1VH volatilityBAS1VH Average Weekly Movementn/aSoftware Industry Average Movement5.7%Market Average Movement5.7%10% most volatile stocks in GB Market11.9%10% least volatile stocks in GB Market3.1%안정적인 주가: BAS1VH는 지난 3개월 동안 UK 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: Insufficient data to determine BAS1VH의 변동성 변화를 판단할 수 없습니다.회사 소개설립직원 수CEO웹사이트19851,382Klaus Andersenwww.basware.com더 보기Basware Oyj 기초 지표 요약Basware Oyj의 순이익과 매출은 시가총액과 어떻게 비교됩니까?BAS1VH 기초 통계시가총액€572.46m순이익 (TTM)-€20.15m매출 (TTM)€156.28m3.7x주가매출비율(P/S)-28.4x주가수익비율(P/E)BAS1VH는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표BAS1VH 손익계산서 (TTM)매출€156.28m매출원가€67.69m총이익€88.60m기타 비용€108.74m순이익-€20.15m최근 보고된 실적Jun 30, 2022다음 실적 발표일Oct 25, 2022주당순이익(EPS)-1.39총이익률56.69%순이익률-12.89%부채/자본 비율104.6%BAS1VH의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2022/09/26 15:06종가2022/06/29 00:00수익2022/06/30연간 수익2021/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Basware Oyj는 5명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Matti RiikonenCarnegie Investment Bank ABJyri TuomolaDanske BankMikko ErvastiEvli Bank plc2명의 분석가 더 보기
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
