Company DescriptionLime Technologies AB (publ) provides software as a service (SaaS) based customer relationship management (CRM) solutions in the Nordic region. It develops, sells, implements, and supports CRM systems, as well as provides consultancy services. The company offers Lime CRM, a SaaS CRM platform, which comprises contacts, history notes, to-dos, case management, deals, quotations, documents, ERP-systems, and marketing activities; and Lime Go, a sales tool. It provides CRM solutions for energy, properties, wholesale, and consulting companies. The company was formerly known as Lundalogik AB and changed its name to Lime Technologies AB (publ) in March 2018. Lime Technologies AB (publ) was founded in 1990 and is headquartered in Lund, Sweden.

How the Company Makes Money

Lime Technologies AB Financial Statement Overview

Summary

Lime Technologies AB showcases strong financial health with consistent revenue growth, solid profitability margins, and robust cash flow generation. The company maintains a balanced capital structure with moderate leverage, supporting its stable financial position. While revenue growth has slowed slightly, profitability and cash flow metrics remain impressive, positioning the company well within the software industry.

Income Statement

Very Positive

Lime Technologies AB demonstrates solid growth with a consistent increase in total revenue. The gross profit margin in the TTM (Trailing-Twelve-Months) is robust at 35.9%, and the net profit margin stands at 13.3%. The EBIT margin is strong at 19.6%, indicating efficient cost management. Revenue growth from 2024 to TTM is modest at 2.8%, but still positive. Overall, the company shows healthy profitability and stable revenue growth.

Balance Sheet

Positive

The balance sheet reflects a stable financial position with an equity ratio of 35.5%, indicating a balanced capital structure. The debt-to-equity ratio is 0.70, suggesting moderate leverage. Return on equity is solid at 28.4%, showcasing effective use of equity to generate profits. While the company maintains a manageable level of debt, there is room for improvement in reducing liabilities relative to equity.

Cash Flow

Very Positive

The company exhibits strong cash flow generation, with a free cash flow growth rate of 16.8% from 2024 to TTM. The operating cash flow to net income ratio is 2.15, highlighting efficient cash conversion from earnings. Additionally, the free cash flow to net income ratio is 1.93, indicating the company's ability to generate significant free cash flow relative to net income. Overall, cash flow management is a key strength for Lime Technologies AB.

TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Breakdown
Income Statement		Total Revenue
704.80M	685.74M	577.12M	491.80M	404.10M	338.69M
	Gross Profit
252.90M	330.78M	278.99M	315.41M	260.17M	171.81M
	EBIT
138.19M	134.31M	114.57M	91.02M	76.03M	83.20M
	EBITDA
195.50M	211.22M	180.07M	137.34M	119.91M	102.50M
	Net Income Common Stockholders
94.05M	89.39M	83.38M	67.82M	58.69M	62.71M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
30.02M	49.05M	30.02M	35.41M	55.17M	64.66M
	Total Assets
696.93M	920.69M	696.93M	663.93M	665.09M	364.35M
	Total Debt
169.19M	252.31M	169.19M	224.15M	254.16M	97.67M
	Net Debt
139.17M	203.26M	139.17M	188.74M	198.99M	33.01M
	Total Liabilities
432.25M	609.23M	432.25M	458.61M	530.02M	253.51M
	Stockholders Equity
264.68M	311.45M	264.68M	205.32M	135.07M	110.84M
Cash Flow		Free Cash Flow
181.21M	155.20M	112.32M	90.09M	102.39M	101.11M
	Operating Cash Flow
201.70M	196.47M	142.50M	118.63M	124.64M	119.09M
	Investing Cash Flow
-64.18M	-193.94M	-30.14M	-28.57M	-223.80M	-25.86M
	Financing Cash Flow
-148.78M	15.65M	-118.30M	-112.70M	89.02M	-58.92M

Lime Technologies AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LTX		€502.40M	60.26	29.90%	0.87%	―	―
Sector *	62 Neutral	$11.81B	10.34	-7.44%	2.91%	7.41%	-7.93%
SF7		€107.21M	15.06	25.51%	5.83%	―	―
B37		€49.60M	6.47	42.33%	5.66%	―	―
1TI		€146.38M	26.28	13.40%	1.42%	―	―
KOW		€328.98M	43.93	1.97%	2.77%	―	―
PIU0		€286.68M	15.84	18.16%	1.95%	―	―

* Technology Sector Average

Performance Comparison

DE:LTX

Lime Technologies AB

37.40

6.33

20.37%

DE:SF7

Softronic AB Class B

2.02

0.20

10.99%

DE:B37

B3 Consulting Group AB

5.39

-1.22

-18.46%

DE:1TI

Exsitec Holding AB

10.75

-4.09

-27.56%

DE:KOW

Knowit AB

11.80

-3.73

-24.02%

DE:PIU0

Proact IT Group AB

10.68

-2.67

-20.00%

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

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