Lemonsoft is planning an IPO

Lemonsoft is planning an initial public offering (IPO) and a listing on the Nasdaq First North Growth Market Finland.

PlanMill’s parent company Lemonsoft Plc is a Finnish SaaS company that designs, develops, and sells ERP software solutions. The company focuses on offering solutions mainly for small and medium-sized enterprises (SMEs). The company’s software solutions and services enable improved efficiency of customers’ business processes as well as cost savings through automation and digitalization.

The company’s customer base consists of over 6,600 customer companies using the company’s software solutions, including customers from especially industrial manufacturing, wholesale and retail, professional services automation, construction and accounting.

The objective of the IPO is to enable the company’s First North listing and thus enable the growth and business expansion outlined by the company’s strategy.

About Lemonsoft

Lemonsoft’s net sales was 13.6 million euros, adjusted EBIT 4.4 million euros and EBIT 3.9 million euros in the financial year ended 31 December 2020. Lemonsoft’s pro forma net sales was 17.4 million euros and pro forma adjusted EBIT 5.6 million euros (32.3 percent of net sales) in the financial year ended 31 December 2020.

The Lemonsoft Group consists of the parent company Lemonsoft Oyj and its subsidiaries Lixani Oy, Metsys Oy, PlanMill Oy, and WorkIn Oy. The company’s average headcount was 123 employees in the nine-month period ended 30 September 2021. The company has operations in nine cities: Vaasa (HQ), Helsinki, Joensuu, Jyväskylä, Kouvola, Oulu, Tampere, Turku and Vantaa. From these offices, Lemonsoft caters to its customers all over Finland.