Full Year 2025 Talenom Oyj Earnings Call Transcript
Key Points
- Talenom PLC (FRA:KZ70) successfully completed the demerger with Easor, allowing both companies to operate independently and focus on their respective growth strategies.
- The company has a strong presence in Finland, Sweden, and Spain, with a scalable ONE Talenom concept that enhances customer experience, employee experience, and profitability.
- Talenom PLC (FRA:KZ70) reported a 1.8% growth in comparable net sales for 2025, driven by strong performance in Finland and Spain.
- The company has a defensive business model with mostly recurring revenue from essential services like accounting and payroll, providing stability.
- Talenom PLC (FRA:KZ70) has a clear strategy for organic growth and selective acquisitions, focusing on growth-minded companies that align with their ONE Talenom approach.
- The company did not achieve its financial targets for 2025, with only slight growth in comparable net sales and EBITDA.
- Sweden's performance was weak, with a decline in net sales by almost 12% and negative growth impacting the overall group performance.
- Spain's EBITDA was negative, with disappointing results in Q4 due to nonrecurring expenses and higher sales costs.
- The general economic situation remains challenging, with high levels of bankruptcies and business closures affecting growth activities.
- Talenom PLC (FRA:KZ70) faces a significant productivity gap in Sweden and Spain compared to Finland, indicating room for improvement.
Good morning, everyone, and welcome to join this financial statement release 2025 of Talenom. My name is Juho Ahosola, and I'm the CEO of Talenom. And I have started in my position in the beginning of this month, after this merge with Easor. And with me here is today our new CFO, Matti Säkkinen, who started in his position as well at the same time with me.
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Hello, everyone, and welcome also from my behalf.
Thank you. Okay. Let's roll out. Here's the agenda for this review. So we start from demerge short recap on the history with the demerge and then also purpose.
Then a couple of words on this post demerge Talenom, what we are, what we do, then a couple of thoughts on market and strategy as well, and then I will comment briefly on this review period. And after me, Matti will open a bit more detail our financial performance, and will
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