Lemonsoft is leaning harder into subscription-based business software for Nordic manufacturers and wholesalers, with its Jakamo supplier platform and new AI features aiming to make customers stickier and open up more upselling. But the recent slowdown in parts of the business and the challenge of integrating acquisitions mean the move to a more predictable, cloud-first model still has execution risk.Read more

€6

27.3% undervalued

AnalystHighTarget's

Fair Value

Revenue

4.69% p.a.

Profit Margin

21.2%

Future PE

18.21x

Price in 2029

€7.55

Lemonsoft Oyj

SaaS Shift And Azure Migration Will Support Stronger Margins And Recurring Revenue

Lemonsoft is shifting from one-off services to subscription software, which could make its sales steadier and lift profitability as recent cloud changes and cost cuts start to pay off. The big question is whether customers in its core manufacturing and wholesale markets stay healthy enough to keep signing up and expanding their use.Read more

€5.2

16.2% undervalued

AnalystConsensusTarget's

Fair Value

Revenue

4.23% p.a.

Profit Margin

20.67%

Future PE

16.18x

Price in 2029

€6.45

Lemonsoft Oyj

Cloud Shift And AI Will Support Steady Margins Despite Competitive And Cost Pressures

Lemonsoft is moving its business software onto the cloud and adding AI features, aiming to keep profits steady even as hosting costs and competition bite. The story hinges on whether this shift and a recent acquisition can deepen recurring customer spending—or whether growth stays muted and the upside arrives more slowly than many expect.Read more

€4.8

9.2% undervalued

AnalystLowTarget's

Fair Value

Revenue

4.54% p.a.

Profit Margin

21.27%

Future PE

14.36x

Price in 2029

€5.95

Trending Discussion

No trending discussion available.

Snowflake Analysis

Undervalued with solid track record.

1 Risk

4 Rewards

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Lemonsoft Oyj Key Details

Last Reported Earnings

Jun 30, 2026

Next Reporting Earnings

Nov 05, 2026

: 0.29
: 40.21%
: 17.14%
: 43.3%

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About LEMON

Founded: 2006
Employees: 207
CEO: Alpo Luostarinen
WebsiteView website: www.lemonsoft.fi

Lemonsoft Oyj, a software company, designs, develops, and delivers enterprise resource planning software solutions in Finland and internationally. It offers enterprise management system, such as business intelligence, project management, integrations, working time tracking, work shift planning, payroll and personnel administration, production control, logistics, financial management, customer relationship management, web service, and mobile application solutions; and LemonAI, an artificial intelligence solution. The company also provides Regista, a business processes product; Metsys, a customized WMS solution; Timecard, working time tracking product; Duunissa, a working time tracking for small businesses; Logentia, a transportation optimization product; Finazilla, a business information reporting product; Lixani, a construction company operations management product; and Talosofta, a building industry quote calculation product. In addition, it offers Finvoicer, an invoice lifecycle management product; Applirent, a rental business management product; Spotilla, a service, maintenance, and field work supervision product; and EasyInvoice invoicing software. The company serves industrial manufacturing and wholesale and specialty trade companies. Lemonsoft Oyj was incorporated in 2006 and is based in Vaasa, Finland.