Netum Group Plc        Company announcement       1 September 2023 at 12:30 p.m. EEST
Inside information

Netum Group Plc: Inside information: Netum Group Plc updates its guidance for 2023 and expects revenue to grow by approximately 30% and EBITA to be approximately 7–10% of revenue

The corporate transaction between Netum Group Plc and the main shareholders of Buutti Oy announced by Netum Group Plc on 14 July 2023 has been completed on 1 September 2023. As a result of the acquisition, Netum updates its guidance for 2023.

New guidance for 2023

Netum expects revenue to grow by approximately 30% from the previous year and EBITA to be approximately 7–10% of revenue in the financial year 2023.

Previous guidance for 2023, published on 7 March 2023

Netum expects revenue to grow at least 20% from the previous year and EBITA to be at least 10% of revenue in the financial year 2023.

For additional information, please contact: 

Netum Group Plc 
Matti Mujunen, CEO 
+358 40 047 6401 
matti.mujunen@netum.fi 

Certified advisor:
Evli Oyj 
+358 40 579 6210 

Netum Group in brief
Netum is a strongly and profitably growing IT service partner that builds a functional and secure digital society. We help our customers develop their digital business by designing and implementing sustainable digital solutions tailored to their needs – wisely and responsibly. Netum employs more than 400 people, and the company's revenue in 2022 was EUR 29.1 million. Netum Group Plc's shares are listed on Nasdaq Helsinki First North (NETUM). www.netum.fi/