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Modelon AB (publ) announces updated financial targets
Kurs & Likviditet
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Informationsteknik |
| Industri | Programvara |
Modelon AB – a leading player in the simulation and analysis market that offers software products and complementary consulting services in industrial mathematical modeling, simulation and analysis of complex technical systems – announces updated financial targets.
Modelon’s updated financial targets maintain the ambition level of the previous targets and are based on the first two years of sales and the positive market reception of the Modelon Impact platform. They also reflect the expected growth of Modelon Impact and the sales cycles in the CAE industry.
Updated financial targets (previous targets):
| Growth | ARR >35% (ARR ≈35% CAGR, 100 MSEK in 2024) | Overall ARR growth shall in the medium term exceed 35% annually. Modelon Impact is expected to grow at a substantially higher rate than 35%. |
| Profitability | EBIT margin >20% (Long-term EBIT-margin >20%) | EBIT shall after a negative period turn positive and long-term in a mature state exceed 20%. |
| Operating cash flow | Positive in the short term (>0 MSEK in 2024) | Modelon seeks to attain and sustain positive cash flow from operations in the short term. |
Short term = 1-3 years, Medium term = 3-5 years, Long term = >5 years
Modelon’s financial targets should not be viewed as a forecast but rather as the ambition that the Board of Directors and Executive Management believe is a reasonable long-term objective for the company.