Q3 2025 Bimobject AB Earnings Call Transcript
Key Points
- BIMobject AB (STU:BOJB) reported a 7% year-over-year growth in Annual Recurring Revenue (ARR), with September being a particularly strong month.
- The company successfully launched the Copilot feature EandoX, which leverages AI to reduce manual work in data gathering, enhancing efficiency.
- BIMobject AB (STU:BOJB) completed the acquisition of GreenMetrica and related IP assets, potentially expanding its technological capabilities.
- The company announced a new CEO, Niklas Agevik, who brings commercial drive, operational focus, and entrepreneurial energy, aligning with the company's strategic focus.
- BIMobject AB (STU:BOJB) signed a significant agreement with SEG, the Swedish Electricity Wholesalers, to share product information, which is expected to generate revenue early next year.
- The company experienced a flattish turnover growth, impacted by a 5% negative effect from currency fluctuations.
- EBITDA was reported at minus SEK6.9 million, compared to plus SEK1 million in Q3 of the previous year.
- Net sales recognized in the quarter decreased year-over-year due to currency effects, particularly the weaker USD.
- The cost base increased by 12% compared to the prior year, primarily due to higher costs within product development and increased commercial investments.
- The company is still in the process of developing its next-generation database, which will not be fully released until 2026, potentially delaying new revenue streams.
Hello, everyone, and welcome to the Q3 report. We will soon start with the presentation. And if you have any questions during the presentation, please send them into [email protected], and we will get to them at the end.
So for those of you who meet us here on a regular basis, you will notice that our brilliant host, Lisa Norlander, is down with the flu today, so we will cover for her. As always, you will hear from me, Sofia Hylen, who is the Interim CEO of BIMobject; our CFO, Per Goransson. And today, we also have Pia Engholm with us, who is the Chair of the Board.
The agenda today consists of business updates, both the recent events and the strategy refresh, and then we will also, of course, get to financials. Lastly, we will wrap up with a Q&A. So let's get to it.
In the quarter, we experienced a flattish turnover growth, impacted by a 5%-minus effect from currency fluctuations. We see that ARR growth improved from earlier number this year, and we delivered an ARR growth of 7%. And here,
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