Inside information

Enento Group updates its strategy and long-term financial targets

ENENTO GROUP PLC, INSIDE INFORMATION 20 JULY 2023 AT 10.00 A.M. EEST

Inside information: Enento Group updates its strategy and long-term financial targets

The Board of Directors of Enento Group Plc (“Enento” and the “Company”) has approved the updated strategy for the period 2023-2026 and confirmed the Company's long-term financial targets. Enento remains fully committed to delivering sustainable, profitable growth and maximizing shareholder value.

The previous strategy, initially published on 8 May 2020 for the period 2020-2023, underwent its latest annual review in September 2022.

Key highlights

• The overall data market in Europe is expected to maintain robust growth and increasingly regulated areas such as KYC and AML are anticipated to grow rapidly.
• Enento is addressing the highly compelling market trends, such as tightening regulation and increased focus on reputational risks, presenting opportunities for Enento to develop new services and enhance current offerings.
• Enento's core operations revolve around credit information services utilizing Enento’s leading positions in Finland and Sweden with relatively stable growth prospects, while new growth opportunities lie in other service and product areas.
• Prioritized growth areas include ESG, compliance, and master data services, with a focus on new services through development and innovation as well as continuously enhancing the existing offerings.
• The updated strategy focuses on execution, consistent growth, and enhanced profitability, with scalable growth and margin expansion as key objectives.
• The strategy emphasizes market penetration in Finland and Sweden, exploring new customer verticals, and strengthening the position both in the small and medium-sized enterprises and large corporations segments, as well as optimizing the buying and selling experience resulting in improved customer experience.
• The road to 5-10% average annual net sales growth consists of underlying macroeconomic market growth, price adjustments, market penetration and the introduction of new services.
• Investing in scalable growth, initiatives to optimize sales processes, distribution channels, and IT efficiency among others are the key areas to improve profitability and achieve the targeted margin level by the end of the strategy period.

"I am delighted to announce our Company's updated strategy and the promising opportunities that lie ahead," states CEO Jeanette Jäger. "Enento's current portfolio includes a wide range of products and services that leverage our data on businesses, consumers, and assets, catering to a diverse customer base. The updated strategy aligns seamlessly with identified market trends and customer demands, placing emphasis on developing selected new offerings and expanding into underdeveloped customer verticals. With a keen focus on automation and digitalization efforts, we are driving enhanced customer experience and streamlining internal operations and processes. With this new strategy, we will focus on achieving scalable, sustainable growth and improved profitability in line with our long-term financial targets."