Asiakastieto is one of the leading providers of digital business and consumer information services in the Nordic countries. Asiakastieto’s roots reach all the way back to the inception of the Finnish credit management industry when Asiakastieto’s predecessor was founded in 1905 by the largest Finnish banks, wholesalers and retail chains.
Asiakastieto’s products and services are primarily used for risk management, finance and administration, decision-making and sales and marketing purposes. Asiakastieto has a diversified customer base both in terms of customer concentration and industry exposure. Our key customer industries include finance and banking, wholesale and retail trade and expert services. Depending on the products and services, our offering is mainly used by our customers in B2B and B2C activities.
We offer a broad selection of services that are based on our comprehensive database. Data is acquired from several data sources as well as through our own data gathering processes. Our products range from basic report extracts to sophisticated risk management solutions.
Asiakastieto’s business operations
Asiakastieto’s four business areas
Asiakastieto’s net sales by business area 2019
Asiakastieto’s financial targets
|The long term financial targets of Asiakastieto|
|Growth:||Achieve 5 to 10 percent annual average growth in Net Sales|
|Profitability:||Achieve a rate of EBITDA growth that exceeds the percentage growth of Net Sales|
|Balance sheet structure:||Maintain net debt to EBITDA of less than 3.0x while continuing to maintain an efficient capital structure|
These financial targets constitute forward-looking statements that are not guarantees of future financial performance and Asiakastieto’s actual results of operations could differ materially from those expressed or implied by these forward-looking statements. Any financial targets discussed herein are targets only and are not, and should not be viewed as forecasts, projections or estimates of the Company’s future performance.
Asiakastieto’s financial targets are based on a number of assumptions, including among others, assumptions as to the development of the Finnish economy and the development of the Company’s business operations. Key assumptions regarding the development of the Company’s business operations include the success of product and service development, launches of new products and services and retaining key customer accounts. These assumptions underlying the Company’s financial targets may not prove to be correct and the results of the Company’s operations may deviate significantly from financial targets.