Innofactor Plc

Board/Management Information • Sep 19, 2024

Supplement - Innofactor Plc lowers its financial guidance for 2024

Supplement - Innofactor Plc lowers its financial guidance for 2024

Innofactor Plc Inside Information, on September 19, 2024, at 18:30 Finnish time

With this announcement, Innofactor Plc is supplementing the company announcement it made earlier today on September 19, 2024, at 16:10 Finnish time. The original announcement lacked the underlying reasons for the change in the financial guidance, which have been added to this announcement.

Innofactor Plc lowers its financial guidance for 2024 net sales and operating margin (EBITDA). Innofactor estimates that the full-year 2024 net sales and operating margin will be lower than in 2023. Innofactor's Financial Statements Bulletin for the year 2024 will be published on Friday, February 28, 2025, at approximately 9:00 am Finnish time as announced on September 19, 2024.

The previous guidance for the current year was that net sales and operating margin (EBITDA) in 2024 are estimated to increase from 2023, during which net sales were EUR 80.3 million and the operating margin was EUR 9.1 million.

The change in the financial guidance is influenced by the challenging market situation, which the company has previously mentioned in its announcements, as well as the company's advisors' costs related to the voluntary public tender offer made by Onni Bidco Oy for Innofactor.

Espoo, September 19, 2024

INNOFACTOR PLC

Board of Directors

Additional information:

Sami Ensio, CEO

Innofactor Plc

Tel. +358 50 584 2029

sami.ensio@innofactor.com

Distribution:

NASDAQ Helsinki

Main media

www.innofactor.com

Innofactor

Innofactor is the leading driver of the modern digital organization in the Nordic Countries for its about 1,000 customers in commercial and public sector. Innofactor has the widest solution offering and leading know-how in the Microsoft ecosystem in the Nordics. Innofactor has about 600 enthusiastic and motivated top specialists in Finland, Sweden, Denmark and Norway. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ Helsinki Oy. www.innofactor.com #ModernDigitalOrganization #PeopleFirst #CreatingSmiles #BeTheRealYou