Admicom Q1 2025, Summary

Admicom Q1 2025 Highlights: Steady Performance Despite Challenging Market

Admicom, reported steady performance in Q1 2025 despite ongoing challenges in the market. While construction volumes showed slight improvement, the company experienced a high number of customer insolvencies, impacting its annual recurring revenue (ARR) growth.

Key Financial Metrics:

- ARR grew 5.5% year-over-year but remained flat compared to end of 2024 due to insolvency-related churn

- Revenue grew in line with plans, supported by new customer acquisitions

- Adjusted EBITDA of €25.3 million in line with expectations

- High reorganization activity with over 20% of employees reallocated to new roles

Strategic Progress:

- Launched €2.4 million AI research project with €1 million government grant

- Introduced new customer-centric operating model to drive growth and efficiencies

- Executed critical strategy streams including growth acceleration and internationalization

- Strengthened leadership team with new Chief Product Officer and Chief Growth Officer roles

CEO Simo Leisti expressed satisfaction with progress despite market headwinds. Key wins included expanding product footprints with major accounts like Ralf Ajalin, Respect and Rakennus Gran. The company also made inroads internationally by securing public tenders.

While insolvencies impacted Q1 performance, Admicom maintains optimism for a market recovery in the second half of 2025. The company is confident its investments and new operating model will drive long-term ARR growth towards the 2030 €100 million target.

See the full presentation here: https://admicom.events.inderes.com/q1-2025