Recent Insider Transactions • May 25
Chief Executive Officer recently bought €102k worth of stock On the 20th of May, Johan Westermarck bought around 625k shares on-market at roughly €0.16 per share. This transaction increased Johan's direct individual holding by 4x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Johan has been a buyer over the last 12 months, purchasing a net total of €126k worth in shares. Reported Earnings • May 08
First quarter 2026 earnings released: €0.03 loss per share (vs €0.036 loss in 1Q 2025) First quarter 2026 results: €0.03 loss per share (improved from €0.036 loss in 1Q 2025). Revenue: €31.0m (down 8.1% from 1Q 2025). Net loss: €832.0k (loss narrowed 7.7% from 1Q 2025). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Professional Services industry in Finland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Board Change • May 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Director Tomi Laaksola was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Apr 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 400% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). Shareholders have been substantially diluted in the past year (400% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€15.3m market cap, or US$17.8m). Announcement • Apr 17
Eezy Oyj has completed a Follow-on Equity Offering in the amount of €10.018726 million. Eezy Oyj has completed a Follow-on Equity Offering in the amount of €10.018726 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 100,187,260
Price\Range: €0.1
Transaction Features: Rights Offering Major Estimate Revision • Mar 31
Consensus EPS estimates upgraded to €0.01 loss The consensus outlook for fiscal year 2026 has been updated. 2026 losses forecast to reduce from -€0.02 to -€0.01 per share. Revenue forecast unchanged from €140.6m at last update. Professional Services industry in Finland expected to see average net income growth of 52% next year. Consensus price target down from €0.70 to €0.38. Share price fell 74% to €0.13 over the past week. New Risk • Mar 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €3.71m (US$4.27m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Market cap is less than US$10m (€3.71m market cap, or US$4.27m). Announcement • Mar 26
Eezy Oyj has filed a Follow-on Equity Offering in the amount of €10.018726 million. Eezy Oyj has filed a Follow-on Equity Offering in the amount of €10.018726 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 100,187,260
Price\Range: €0.1
Transaction Features: Rights Offering Price Target Changed • Mar 04
Price target decreased by 18% to €0.70 Down from €0.85, the current price target is an average from 2 analysts. New target price is 15% above last closing price of €0.61. Stock is down 24% over the past year. The company is forecast to post a net loss per share of €0.02 next year compared to a net loss per share of €0.093 last year. New Risk • Mar 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (€15.5m market cap, or US$18.0m). Reported Earnings • Feb 12
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: €0.09 loss per share (further deteriorated from €0.012 loss in FY 2024). Revenue: €139.9m (down 20% from FY 2024). Net loss: €2.32m (loss widened €2.02m from FY 2024). Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 50%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Professional Services industry in Finland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Announcement • Jan 08
Eezy Oyj Announces Departure of Päivi Salo as Director, Business Solutions, Effective February 28, 2026 Eezy Oyj announced that Director, Business Solutions at Eezy Plc, Päivi Salo has decided to leave the company. Salo will step down from management team on February 28, 2026. The new AI-assisted ERP system and digital operating model give Eezy a competitive advantage which is difficult to replicate in terms of superior customer and employee experience, and speed and efficiency of the service. Services Director Mikko Kirvesniemi and Digital Development Director Iina Tolvanen will take responsibility for this work. Mikko and Iina have been tightly involved in the system development and implementation project. Thus, Mikko and Iina have excellent backgrounds for user centric continuous development. Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: €0.01 (vs €0.016 in 3Q 2024) Third quarter 2025 results: EPS: €0.01 (down from €0.016 in 3Q 2024). Revenue: €35.6m (down 21% from 3Q 2024). Net income: €237.0k (down 39% from 3Q 2024). Profit margin: 0.7% (down from 0.9% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Professional Services industry in Finland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Price Target Changed • Aug 20
Price target decreased by 7.0% to €0.86 Down from €0.93, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of €0.82. Stock is down 35% over the past year. The company is forecast to post a net loss per share of €0.06 next year compared to a net loss per share of €0.012 last year. Reported Earnings • Aug 14
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: €0.04 loss per share (further deteriorated from €0.009 loss in 2Q 2024). Revenue: €36.4m (down 20% from 2Q 2024). Net loss: €1.08m (loss widened 378% from 2Q 2024). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 100%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Professional Services industry in Finland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Announcement • Jul 02
Eezy Oyj Announces Management Changes, Effective July 1, 2025 Eezy Plc announced it is making changes to its Group Management Team to improve profitability and strengthen the foundations for business growth. The new organization will take effect on July 1, 2025. The new organization responsibilities will not affect financial reporting. In the new organization and management model, Staffing Services business is dividend into three business areas: Helsinki & Tampere, Turku & Seinäjoki, and Franchising network. Professional Services constitute the fourth business area. Jaakko Koivisto (M.Sc. Econ.) has been appointed to Business Director, Staffing Services Helsinki & Tampere. Koivisto has worked at Eezy since 2019 in various roles, including regional director and sales director positions. Markus Muurinen (Graduate, SVQ in Leadership and Business Management) has been appointed to Business Director, Staffing Services Turku & Seinäjoki. Muurinen has worked at Eezy since 2019 in various roles, including sales director and regional director positions. Markus Jussila (M.Sc. Econ.) has been appointed Business Director, Franchising network and Professional Services business areas. Jussila has worked at Eezy since 2022 in various roles, including business director and commercial director positions. Päivi Salo (M.Sc. Econ.) has been appointed Director, Business Solutions. She will be responsible for Eezy's digital operating models. Salo has worked at Eezy since 2021 as chief digital officer. Announcement • Jun 14
Eezy Oyj Announces Executive Changes Mia Lindström, Eezy Plc’s Chief Business Officer (growth businesses), has decided to leave the company. Markus Jussila, (M.Sc. Econ), Eezy Plc’s Chief Commercial Officer, will take responsibility for the growth businesses. Markus has been with Eezy since 2022 as Chief Commercial Officer and Director of Professional services, and he has a strong background in business management in different companies. Reported Earnings • May 09
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: €0.04 loss per share (down from €0.012 profit in 1Q 2024). Revenue: €33.9m (down 18% from 1Q 2024). Net loss: €901.0k (down 399% from profit in 1Q 2024). Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) also missed analyst estimates by 100%. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Professional Services industry in Finland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance. Announcement • Apr 11
Eezy Oyj Announces Committee Changes Eezy Oyj at its annual general meeting held on 8 April 2025 announced Maria Pajamo (chair), Tapio Pajuharju and Mikko Wirén will be The Sustainability and HR Committee of the Board of Directors. Mika Uotila (chair), Kati Hagros and Paul-Petteri Savolainen will be the Audit committee of the Board of Directors. New Risk • Apr 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Finnish stocks, typically moving 9.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risk Market cap is less than US$100m (€16.7m market cap, or US$18.3m). Announcement • Apr 08
Eezy Oyj Announces CEO Changes On 7 April 2025, Eezy’s Board of Directors has appointed Johan Westermarck, Lic.Sc. (Econ.), M.Sc (Tech.), as the company's CEO. Before joining Eezy Johan Westermarck has been the CEO of Bittium Plc from 2023 to 2025. Before Bittium he was the CEO of Citec Group ja Maintpartners Group, and has held leading positions at Eltel Group, Elcoteq and Ahlström Machinery. Westermarck will start his new role latest by 19th August 2025. Siina Saksi will continue as Eezy’s CEO until Westermarck takes up his new position. New Risk • Feb 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Finnish stocks, typically moving 8.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Share price has been highly volatile over the past 3 months (8.8% average weekly change). Minor Risk Market cap is less than US$100m (€20.3m market cap, or US$21.3m). Price Target Changed • Feb 15
Price target decreased by 9.4% to €1.21 Down from €1.33, the current price target is an average from 2 analysts. New target price is 24% above last closing price of €0.97. Stock is down 29% over the past year. The company is forecast to post earnings per share of €0.08 next year compared to a net loss per share of €0.012 last year. Reported Earnings • Feb 14
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: €0.01 loss per share (down from €0.026 profit in FY 2023). Revenue: €174.6m (down 20% from FY 2023). Net loss: €306.0k (down 147% from profit in FY 2023). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Professional Services industry in Finland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 33 percentage points per year, which is a significant difference in performance. Announcement • Dec 12
Eezy Oyj Announces Executive Changes Eezy has renewed the responsibilities of the management team to accelerate the implementation of the strategy. Markus Jussila has been appointed Chief Commercial Officer with responsibility for sales and customer relationships at group level. He will also be responsible for the national franchise network and Eezy Flow's research and consulting business. Päivi Salo has been appointed as Chief Operating (Staffing) and Digital Officer. She is responsible for operations in Staffing as well as Eezy’s digital development. Mia Lindström continues as Chief Business Officer, Growth Businesses. She is responsible for managing the growth areas identified in Eezy’s strategy, namely international recruitment business and the healthcare sector. She will also be responsible for Eezy Personnel's headhunting, personnel assessments and transition security services, Eezy Employment Services, which is mainly focused on the public sector, Eezy Coaching Courses and Eezy Light Entrepreneurship Services. Reported Earnings • Nov 05
Third quarter 2024 earnings released: EPS: €0.02 (vs €0.052 in 3Q 2023) Third quarter 2024 results: EPS: €0.02 (down from €0.052 in 3Q 2023). Revenue: €45.1m (down 19% from 3Q 2023). Net income: €389.0k (down 70% from 3Q 2023). Profit margin: 0.9% (down from 2.3% in 3Q 2023). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Professional Services industry in Finland. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 42% per year, which means it has not declined as severely as earnings. Announcement • Nov 05
Eezy Oyj, Annual General Meeting, Apr 08, 2025 Eezy Oyj, Annual General Meeting, Apr 08, 2025. Announcement • Oct 09
Eezy Oyj Announces Board Changes Eezy Oyj announced Ari Myllyniemi, Director, Staffing, has resigned from Eezy Plc after working for the company since 2018. Mia Lindström, a member of Eezy's management team, has been appointed as Acting Director Staffing. Lindström is responsible also for managing the growth areas identified in Eezy’s strategy. Saara Tikkanen, Eezy's HR and Development Director, has decided to leave the company by mutual agreement. Minna Gentz has been appointed as HR Director and member of the Management Team as of 9 October 2024. She has served as Eezy's Deputy HR Director since August. Minna is an experienced HR Director with a long background in diverse service sector companies and management team positions. New Risk • Sep 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Market cap is less than US$100m (€35.1m market cap, or US$38.8m). Reported Earnings • Aug 07
Second quarter 2024 earnings released: €0.01 loss per share (vs €0.01 profit in 2Q 2023) Second quarter 2024 results: €0.01 loss per share (down from €0.01 profit in 2Q 2023). Revenue: €45.8m (down 21% from 2Q 2023). Net loss: €225.0k (down 192% from profit in 2Q 2023). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Professional Services industry in Finland. Over the last 3 years on average, earnings per share has fallen by 43% per year whereas the company’s share price has fallen by 42% per year. Announcement • Aug 06
Eezy Oyj Announces Appointment of Mia Lindström as Director, New Business, and Member of the Group Management Team, Effective from 1 September 2024 Eezy Oyj announced the appointment of Mia Lindström as Director, New Business, and member of the Group Management Team, effective from 1 September 2024. Lindström will be responsible for managing the growth areas identified in Eezy’s strategy, namely the healthcare and office sectors and the international recruitment business. Mia Lindström has more than 20 years of experience in leading service businesses in various industries, especially in the healthcare sector. Major Estimate Revision • Jun 13
Consensus EPS estimates fall by 31% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €200.5m to €197.2m. EPS estimate also fell from €0.13 per share to €0.09 per share. Net income forecast to grow 508% next year vs 33% growth forecast for Professional Services industry in Finland. Consensus price target of €1.33 unchanged from last update. Share price was steady at €1.47 over the past week. Announcement • May 29
Eezy Oyj Appoints Ari Myllyniemi as Director, Staffing and Member of the Management Team, Effective from June 1, 2024 Eezy Oyj announced Ari Myllyniemi appointed as Director, Staffing and member of the Management Team starting 1st June 2024. Myllyniemi has fifteen years of experience in staffing and recruitment industries and has been with Eezy since 2018. In his most recent role, he has held the position of interim Director, Staffing, since January 2024, and prior to that as Sales and Service Director in Staffing. Ari has a long experience in the staffing and recruitment industry from hands-on work to leadership roles. He knows customers, Eezy personnel and Eezy franchisees well, and is therefore the absolute right choice to lead Staffing business area to grow faster than market in line with strategy. Reported Earnings • May 07
First quarter 2024 earnings released: EPS: €0.01 (vs €0.021 in 1Q 2023) First quarter 2024 results: EPS: €0.01 (down from €0.021 in 1Q 2023). Revenue: €41.5m (down 21% from 1Q 2023). Net income: €301.0k (down 42% from 1Q 2023). Profit margin: 0.7% (down from 1.0% in 1Q 2023). Revenue is forecast to grow 2.0% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Professional Services industry in Finland. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. New Risk • Apr 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (€33.4m market cap, or US$35.8m). Major Estimate Revision • Mar 07
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €217.7m to €204.4m. EPS estimate also fell from €0.145 per share to €0.115 per share. Net income forecast to grow 410% next year vs 26% growth forecast for Professional Services industry in Finland. Consensus price target down from €1.83 to €1.41. Share price fell 7.8% to €1.07 over the past week. Price Target Changed • Mar 07
Price target decreased by 26% to €1.41 Down from €1.90, the current price target is an average from 2 analysts. New target price is 32% above last closing price of €1.07. Stock is down 67% over the past year. The company is forecast to post earnings per share of €0.12 for next year compared to €0.026 last year. New Risk • Feb 19
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 63% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (€34.3m market cap, or US$37.0m). Reported Earnings • Feb 16
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: €0.03 (down from €0.29 in FY 2022). Revenue: €219.2m (down 12% from FY 2022). Net income: €645.0k (down 91% from FY 2022). Profit margin: 0.3% (down from 2.9% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 68%. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Professional Services industry in Finland. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Announcement • Feb 15
Eezy Oyj Proposes No Dividend Distributed for Year 2023 The Board of Directors of Eezy Oyj proposed that no dividend will be distributed for year 2023. Announcement • Feb 12
Eezy Oyj Appoints Joni Aaltonen as Chief Financial Officer Eezy Oyj announced that Joni Aaltonen has been appointed as Eezy Plc’s Chief Financial Officer and a member of the Group management team effective from February 1, 2024. Aaltonen brings with him extensive experience in finance and business management from several different companies. He has previously served as the CFO at Pihlajalinna and later as the CEO of Pihlajalinna Plc from 2008 to 2015 and 2017 to 2023 respectively. Additionally, he has worked as a CFO at Plenware from 2005 to 2008 and as an auditor at KPMG from 2001 to 2004. Apart from his strong financial expertise, Aaltonen also possesses broad experience in various corporate transactions, strategy work, and initial public offering. He became familiar with staffing industry during his tenure as a board member and chair of the audit committee from 2018 to 2019 at VMP Plc. Hannu Nyman will continue in his position until March 31, 2024. Price Target Changed • Jan 23
Price target decreased by 8.8% to €1.83 Down from €2.00, the current price target is an average from 2 analysts. New target price is 17% above last closing price of €1.56. Stock is down 54% over the past year. The company is forecast to post earnings per share of €0.095 for next year compared to €0.29 last year. Announcement • Jan 11
Eezy plc Announces Change in Management Team Ari Myllyniemi has been nominated as interim Director, Staffing and will become member of Eezy Plc’s Management team. Ari has over fifteen years of experience in staffing and recruitments and has been employed by Eezy from 2018. Last, he has served as Sales and Service Director at Eezy Staffing services. Thomas Hynninen will leave the position of Eezy Plc’s Director, Staffing and Eezy Plc’s management team. Announcement • Nov 24
Hannu Nyma Resigns as CFO of Eezy Plc Eezy PLC’s CFO Hannu Nyman has resigned and will continue his career at another employer. Hannu Nyman will continue at Eezy’s service until spring 2024. Price Target Changed • Nov 09
Price target decreased by 11% to €2.50 Down from €2.80, the current price target is an average from 2 analysts. New target price is 38% above last closing price of €1.81. Stock is down 51% over the past year. The company is forecast to post earnings per share of €0.11 for next year compared to €0.29 last year. Reported Earnings • Nov 08
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: €0.05 (down from €0.14 in 3Q 2022). Revenue: €56.0m (down 17% from 3Q 2022). Net income: €1.31m (down 61% from 3Q 2022). Profit margin: 2.3% (down from 5.0% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 8.1%. Earnings per share (EPS) also missed analyst estimates by 44%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Professional Services industry in Finland. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Announcement • Oct 12
Eezy plc Announces the Second Tranche of the Dividend, Payable on 26 October 2023 Eezy Plc’s Annual General Meeting held on 13 April 2023 decided that for the year 2022, a dividend of EUR 0.15 per share be paid in two tranches. The first tranche of the dividend, EUR 0.10 per share, was paid on April 2023. The second tranche of the dividend, EUR 0.05 per share, will be paid to shareholders who are registered in the company’s shareholder register held by Euroclear Finland Oy on the dividend record date, 19 October 2023. The dividends of this tranche will be paid on 26 October 2023. Announcement • Sep 23
Eezy plc Announces Change in Management Team Markus Jussila (born 1978; M.Sc.Econ) has been appointed as Director, Professional services and member of the Group management team. Jussila has managed Eezy Flow and Eezy Personnel from the beginning of 2023 and been an interim Director of Professional services from June 2023. Jussila has over 20 years’ experience in demanding business leadership positions as well as entrepreneurship at e.g. Mehiläinen and Leidenschaft. Announcement • Sep 08
Eezy plc Appoints Saara Tikkanen as HR and Development Director, Member of the Group Management Team Starting Latest in March 2024 Eezy Plc announced change in management team. Saara Tikkanen (Born 1982; M.Sc.Econ) has been appointed as HR and Development Director and as well as member of the Group management team starting latest in March 2024.Saara has extensive, over 15 years’ experience in HR in several companies in different sectors. Lastly, she has acted as HR Director and member of management team in Verkkokauppa.com. Announcement • Aug 08
Eezy Plc Removes Earnings Guidance for the Year 2023 Eezy Plc removed earnings guidance for the year 2023. The company previously expects revenue to be approx. EUR 250 million and EBIT to grow in negative percentage in 2023. The company now does not give guidance for 2023. The company removes guidance because of impacts of the profitability program and the uncertainty related to the economic situation. Price Target Changed • Aug 06
Price target decreased by 7.3% to €3.80 Down from €4.10, the current price target is an average from 3 analysts. New target price is 37% above last closing price of €2.78. Stock is down 49% over the past year. The company is forecast to post earnings per share of €0.29 for next year compared to €0.29 last year. Announcement • May 10
Eezy Oyj Provides Earnings Outlook for the Year 2023 Eezy Oyj provided earnings outlook for the year 2023. for the period, the company expects revenue to be approx. EUR 250 million and EBIT-% to grow in 2023. Reported Earnings • May 10
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: €0.02 (up from €0.003 in 1Q 2022). Revenue: €52.8m (up 3.8% from 1Q 2022). Net income: €521.0k (up €445.0k from 1Q 2022). Profit margin: 1.0% (up from 0.1% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 33%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Professional Services industry in Finland. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 08
Upcoming dividend of €0.10 per share at 4.6% yield Eligible shareholders must have bought the stock before 14 April 2023. Payment date: 25 April 2023. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of Finnish dividend payers (5.2%). Higher than average of industry peers (3.4%). Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: €0.29 (vs €0.30 in FY 2021) Full year 2022 results: EPS: €0.29 (down from €0.30 in FY 2021). Revenue: €248.0m (up 22% from FY 2021). Net income: €7.16m (down 5.9% from FY 2021). Profit margin: 2.9% (down from 3.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Professional Services industry in Finland. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Announcement • Dec 20
Eezy plc Announces CEO Change The Board of Directors of Eezy Plc and CEO Sami Asikainen have agreed that Asikainen will immediately leave the CEO position. Sami Asikainen has acted as the CEO of Eezy since 2019. The recruitment process of a new CEO has been started and the deputy CEO Pasi Papunen has been appointed as the interim CEO. Pasi Papunen has been a member of Eezy’s management team since 2020, being responsible for the professional services business unit (Growth and Renewal). Before Eezy Papunen has served in various management positions in several professional services organizations like Terveystalo. Announcement • Nov 22
Eezy Oyj Provides Earnings Guidance for the Year 2022 Eezy Oyj announced that the company expects revenue to grow and EBIT to be 4%-5% of revenue in 2022 against previous guidance of 5%-6% of revenue in 2022. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Independent Director Mikko Wiren was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 09
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: €0.14 (up from €0.13 in 3Q 2021). Revenue: €67.4m (up 16% from 3Q 2021). Net income: €3.39m (up 2.4% from 3Q 2021). Profit margin: 5.0% (down from 5.7% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.7%. Earnings per share (EPS) also missed analyst estimates by 35%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Professional Services industry in Finland. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 16% per year. Announcement • Nov 09
Eezy Oyj to Report Fiscal Year 2022 Results on Feb 17, 2023 Eezy Oyj announced that they will report fiscal year 2022 results on Feb 17, 2023