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Basware updates its full year EBIT guidance for 2022 based on the one-off expenses related to the tender offer from Sapphire BidCo Ltd

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Basware Corporation, inside information, 27 June 2022 at 10:05 a.m. EEST

Basware updates its full year EBIT guidance for 2022 following the announcement of the final result of the voluntary recommended public cash tender offer from Sapphire BidCo Ltd for all the shares in Basware Corporation and their confirmation for executing the transaction. The company updates its EBIT guidance due to one-off expenses related to the tender offer. The respective one-off expenses are mainly driven by transaction advisory fees. The company expects its order intake and net sales to develop in line with the previous guidance.

New guidance:

  • Order Intake to grow between 15 and 35 percent at organic constant currencies
  • Net sales to grow between 3 and 6 percent at organic constant currencies
  • EBIT between EUR 7 and 10 million, excluding any impact from one-off expenses related to the tender offer from Sapphire BidCo Ltd 

Previous guidance given on 3 February 2022:

  • Order Intake to grow between 15 and 35 percent at organic constant currencies
  • Net sales to grow between 3 and 6 percent at organic constant currencies
  • EBIT between EUR 7 and 10 million

Basware will publish its half year financial report on Thursday 21 July 2022 at 8.45 a.m. EEST.

BASWARE CORPORATION

Board of Directors

For more information, please contact:
Martti Nurminen, CFO, Basware Corporation
Tel. +358 (0)40 751 7194, martti.nurminen@basware.com

Distribution:
Nasdaq Helsinki
Main media
investors.basware.com/en

About Basware:
Basware is a leading provider of Networked Procure-to-Pay solutions with the largest open e-invoicing network in over 180 countries. Our cloud-based technology enables enterprises to fully manage their spend, mitigate financial risk and reduce operating costs through automation of finance, procurement, accounts payable and accounts receivable processes. Our open technology ecosystem and extensive partner network have helped over 6,500 businesses in 60 countries move towards 100% spend visibility which enables better business decisions – a concept we call Visible Commerce. Basware’s solutions support the transition to a lower-carbon economy by digitization and automation. Basware is traded on the Helsinki exchange (BAS1V: HE). Find out more at https://investors.basware.com/en.  

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