Changes in Admicom Oyj's Executive Committee: Jari Kangassalo nominated as a member of the Group Executive Committee in the role of Business Unit Director, project management solutions
Unofficial translation of the company release on November 2, 2022 at 15:05 pm EET. In case the document differs from the original, the Finnish version prevails.
Admicom Oyj today announced its refreshed strategic direction, according to which the company focuses its strategy on enhancing the productivity of its customers in the construction industry.
The operating model and organisation at the beginning of the strategy period are based on business units that are built around the current subsidiaries and group shared services, where common functions such as marketing, finance, IT and HR operate.
On this date, Jari Kangassalo, who has been responsible for Tocoman Oy's business since August, will be appointed to the Executive Committee. Kangassalo holds a master's degree in industrial engineering and management and has held Tocoman management positions since 2018. The company has also initiated recruitment to hire a Chief Growth Officer as a member of the company's Leadership Team. The person to be hired will be responsible for the Group's marketing as well as the efficiency of sales operations and the overall customer experience.
As of November 2, 2022 the Group Executive Committee consists of:
- Petri Kairinen, CEO
- Petri Aho, Deputy to the CEO, Finance, M&A and Strategy
- Anna-Maija Ijäs, Business Unit Director, ERP solutions (Adminet, Lite and Hillava)
- Jari Kangassalo, Business Unit Director, project management solutions (Tocoman, PlanMan)
- Mikko Järvi, Business Unit Director, documentation solutions (Kotopro)
- Thomas Raehalme, CTO, and Business Unit Director, software development services (Aitio Finland)
BOARD OF DIRECTORS
+358 50 303 4275
+358 44 724 176
Petri KairinenCEOTel:+358 50 303 email@example.com
Petri AhoCFOTel:+358 44 724 firstname.lastname@example.org
About Admicom Oyj
Admicom, established in 2004, is a Finnish forerunner and provider of cloud-based ERP solutions especially for small and medium-sized construction, building services engineering and manufacturing companies. Admicom's cloud-based ERP system Adminet efficiently automates the customer company's routines from site and production functions to office processes. Admicom also provides training, consulting, and accounting services.
Our subsidiary Tocoman Oy's software is one of the leading software solutions especially in the construction industry. Tocoman's cost calculation and production management software has a long history and a solid position on the market. By combining the strengths of Tocoman's software with the strengths of Adminet, the end result is clearly the most extensive cloud-based solution for the construction industry.
Our subsidiary Aitio Finland Oy provides its customers and Admicom Oyj with software solution development services, as well as related integration and maintenance services, mobile applications and cloud solutions. The subsidiary Hillava Oy develops and markets a cloud-based ERP system especially for field work planning and management. Lastly, our subsidiary Kotopro Oy develops browser-based documentation and information management software specifically aimed at the construction and real estate sector, which facilitates the everyday life of the construction site and improves the flow of information between the parties.
Admicom Oyj employs over 230 professionals in Jyväskylä, Helsinki, Tampere, Oulu, Seinäjoki and Turku. Further information: https://investors.admicom.fi/
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Latest releases from Admicom Oyj
Change in Admicom Oyj’s Leadership Team: Pekka Pulkkinen appointed as Chief Growth Officer6.2.2023 12:10:00 EET | Press release
Change in Admicom Oyj’s Leadership Team: Pekka Pulkkinen appointed as Chief Growth Officer Unofficial translation of the company release on February 6, 2023 at 12:00 AM EET. In case the document differs from the original, the Finnish version prevails. Admicom Oyj announced its strategic growth targets at the Capital Markets Day on January 30. The company’s ambition is to gain a continuous annual recurring revenue level of EUR 100 million (ARR) by 2030 and to expand its market presence to several European countries. In order to accelerate this goal, the company has appointed Pekka Pulkkinen, M.Sc. (Econ.), as a member of Admicom's Leadership Team and responsible for leading the Group's sales and marketing in the position of Chief Growth Officer. Pekka Pulkkinen has previously held various sales and business management positions in several Finnish and international software and service companies. Pulkkinen joins Admicom from Solibri Oy, a company belonging to the global Nemetschek Group
Admicom Oyj's strategic targets and Capital Markets Day30.1.2023 08:41:05 EET | Press release
Admicom Oyj's strategic targets and Capital Markets Day Company release January 30, 2023 Unofficial translation of the company release on January 30, 2023 at 8:31 AM EET. In case the document differs from the original, the Finnish version prevails. Admicom announced its strategy update on November 2, 2023, according to which the company's growth strategy focuses on software and value-added services in the value chain of the construction and building sectors. Through strategic direction and specialization, Admicom improves the customer experience, focuses on new sales and enables cross-selling of software solutions to the existing customer base. With the sharpened focus, Admicom will execute internationalization in the vast and growing European construction technology market and utilize the data of the systems to generate added value for its customers. The strategy has been phased in such a way that in the first phase over the next 1-2 years, Admicom will strengthen the platform for acc
Admicom Oyj's revised financial guidance30.1.2023 08:38:30 EET | Press release
Company release January 30, 2023 Admicom Oyj's revised financial guidance Unofficial translation of the company release on January 30, 2023 at 8:30 AM EET. In case the document differs from the original, the Finnish version prevails. In connection with the financial statements release for 2022 published on January 13, 2023, Admicom announced that the company will publish more detailed financial guidance for 2023 and financial targets for the strategy period in connection with the Capital Markets Day on January 30, 2023. Admicom's revised financial guidance for 2023 Comparable recurring revenue in 2023 will grow organically by 8-15% and EBITA will be 35-40% of revenue. Comparable recurring revenue is defined as a sum of recurring software revenue and revenue from recurring accounting services. Admicom's comparable recurring revenue in 2022 was approximately EUR 28.0 million. EBITA is defined as operating profit before amortization and impairment of group goodwill and goodwill. Admicom's
ADMICOM OYJ'S FINANCIAL STATEMENTS RELEASE 2022: A year of strong growth: Revenue growth of 27% and EBITDA margin 45% of revenue13.1.2023 09:10:00 EET | Press release
ADMICOM OYJ'S FINANCIAL STATEMENTS RELEASE 2022: A YEAR OF STRONG GROWTH: REVENUE GROWTH OF 27% AND EBITDA MARGIN 45% OF REVENUE Unofficial translation of the company release on January 13, 2023 at 9 AM EET. In case the document differs from the original, the Finnish version prevails. Figures in parenthesis refer to the comparable period in the previous year, unless otherwise stated. October-December 2022 summary (October 1, 2021 – December 31, 2021) Revenue of Q4 amounted to EUR 8.039 million (6.329) resulting in +27.0% growth from comparison period. Of the growth 9.4 percentage points was organic and 17.6 percentage points was inorganic growth related to acquisitions. EBITDA grew by 10.6% and totalled EUR 2.948 million (2.665), amounting to 36.7% of revenues (42.1%). EBITA grew by 11.1% and totalled EUR 2.868 million (2.583), amounting to 35.7% of revenue (40.8%). Operating profit decreased by 21.5%, amounting to EUR 1.790 million (2.280). Profit for the period was EUR 1.239 million
Admicom focuses its strategy on improving the productivity of construction industry customers and organises a Capital Markets Day2.11.2022 15:05:00 EET | Press release
Unofficial translation of the company release on November 2, 2022 at 15:00 pm EET. In case the document differs from the original, the Finnish version prevails. In the 2020s, Admicom has changed from a single ERP system provider to a wide-scale software provider for the construction industry.Admicom still sees a lot of opportunities in Finland and internationally to boost the productivity of the construction industry through digitalization, especially in the area of SMEs. The customer experience of customers in the construction industry will be at the heart of operations in the clarified strategy. The aim is to significantly increase the productivity and quality of operations of construction entrepreneurs through digitalisation. Digitalization solutions utilize both software and highly productized value-added services. Admicom's strong foundation in Finland and its extensive user base in the construction value chain provide an opportunity to build data driven, AI-powered automated mode
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