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Lime Technologies AB (SE:LIME)
:LIME

Lime Technologies AB (LIME) AI Stock Analysis

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SE:LIME

Lime Technologies AB

(LIME)

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Neutral 61 (OpenAI - 5.2)
Rating:61Neutral
Price Target:
kr224.00
▼(-17.95% Downside)
Action:ReiteratedDate:03/03/26
The score is supported by solid financial performance (profitability, improved leverage, and positive free cash flow), but is pulled down materially by very weak technicals (price below all key moving averages with negative MACD and oversold momentum). Valuation is moderate, with a modest dividend yield providing some support.
Positive Factors
Recurring revenue model
Lime’s core business is subscription-based CRM software plus services, producing predictable, contract-driven recurring revenue. That model supports stable cash flow, higher customer lifetime value and easier forecasting, bolstering reinvestment and retention over coming quarters.
Positive cash generation
The company has delivered positive operating and free cash flow annually, enabling internal funding for product development, service delivery and potential shareholder returns. Reliable cash generation reduces near-term financing dependence and supports durable investment over 2–6 months.
Improving leverage & strong ROE
Leverage has come down from earlier peaks while equity has grown and ROE remains healthy. Improved capital structure enhances financial flexibility, lowers interest burden risk and indicates efficient capital deployment — a sustainable strength for medium-term stability.
Negative Factors
Revenue deceleration
After several years of stronger expansion, growth slowed materially in 2025. Reduced top-line momentum limits operating leverage and makes hitting growth-driven targets harder, increasing the importance of retention, upsell and new customer acquisition over the next few quarters.
Margin compression
Gross and operating margins have trended down versus prior years, suggesting pricing pressures or higher operating costs. Persistent margin erosion reduces free cash flow conversion and constrains reinvestment capacity, making margin recovery a structural priority for sustainable profitability.
Rising debt & balance-sheet expansion
Total debt ticked up in 2025 and assets expanded in 2024–2025, implying balance-sheet growth funded partly by leverage. If cash generation weakens, higher debt and asset base could pressure returns and raise refinancing risk over the medium term.

Lime Technologies AB (LIME) vs. iShares MSCI Sweden ETF (EWD)

Lime Technologies AB Business Overview & Revenue Model

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 MoneyLime Technologies primarily makes money by selling CRM software and associated services to business customers. Its core revenue stream is recurring software revenue, typically generated through subscriptions/licenses for its CRM products and related modules, where customers pay to access and use the software over time. In addition, the company earns services revenue from implementation and onboarding (configuring the CRM to a customer’s processes, migrating data, and integrating with other systems), customization and consulting (tailoring workflows, fields, automations, and reports to specific needs), and ongoing customer support and training. The mix of recurring software revenue and project-based services means earnings are driven by acquiring new customers, expanding usage within existing customers (additional users/modules), and retaining customers over time (renewals). Information on specific partnerships or partner-attributed revenue is null.

Lime Technologies AB Financial Statement Overview

Summary
Overall fundamentals are solid (consistent revenue growth through 2025, healthy profitability, improving leverage versus earlier years, and positive free cash flow). Offsetting this, revenue growth decelerated materially in 2025, margins show longer-term compression, and 2025 free cash flow declined versus 2024.
Income Statement
78
Positive
Revenue has grown consistently from 2020 to 2025, with growth still positive in 2025 but materially slower versus 2021–2024. Profitability remains solid: 2024 delivered strong gross profit and healthy operating and net margins, and 2025 continued expanding EBIT and net income in absolute terms. The main weakness is margin compression over time (gross margin notably lower in 2023–2024 versus 2021–2022) and the sharp deceleration in revenue growth in 2025, which reduces confidence in near-term momentum.
Balance Sheet
71
Positive
Leverage appears manageable and has improved versus earlier years: debt-to-equity moved down substantially from 2021–2022 levels to a more moderate level in 2023–2024, while equity has grown meaningfully. Returns on equity have been strong across the period, indicating efficient profitability on the capital base. Key watchouts are that total debt increased again in 2025 (versus 2024) and total assets were higher in 2024–2025 than 2023, suggesting balance-sheet expansion that could pressure returns if growth slows.
Cash Flow
67
Positive
Cash generation is positive with consistently positive operating cash flow and free cash flow each year, supporting reinvestment capacity. However, free cash flow declined in 2025 (negative growth) after strong expansion in 2024, pointing to increased spend or working-capital pressure. In 2022–2024, operating cash flow and free cash flow conversion relative to net income was solid but not consistently strong, which slightly tempers earnings quality versus best-in-class software peers.
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue747.41M685.74M577.12M491.80M404.10M
Gross Profit369.30M330.78M278.99M315.41M260.17M
EBITDA227.47M211.22M180.07M137.34M119.91M
Net Income111.69M89.39M83.38M67.82M58.69M
Balance Sheet
Total Assets899.18M920.69M696.93M663.93M665.09M
Cash, Cash Equivalents and Short-Term Investments49.24M49.05M30.02M35.41M55.17M
Total Debt180.47M252.31M169.19M224.15M254.16M
Total Liabilities539.86M609.23M432.25M458.61M530.02M
Stockholders Equity359.33M311.45M264.68M205.32M135.07M
Cash Flow
Free Cash Flow133.45M155.20M112.32M90.09M102.39M
Operating Cash Flow187.04M196.47M142.50M118.63M124.64M
Investing Cash Flow-54.22M-193.94M-30.14M-28.57M-223.80M
Financing Cash Flow-129.51M15.65M-118.30M-112.70M89.02M

Lime Technologies AB Technical Analysis

Technical Analysis Sentiment
Negative
Last Price273.00
Price Trends
50DMA
227.27
Negative
100DMA
273.82
Negative
200DMA
315.81
Negative
Market Momentum
MACD
-5.35
Negative
RSI
42.97
Neutral
STOCH
14.10
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:LIME, the sentiment is Negative. The current price of 273 is above the 20-day moving average (MA) of 197.93, above the 50-day MA of 227.27, and below the 200-day MA of 315.81, indicating a neutral trend. The MACD of -5.35 indicates Negative momentum. The RSI at 42.97 is Neutral, neither overbought nor oversold. The STOCH value of 14.10 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:LIME.

Lime Technologies AB Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
kr351.92M24.404.69%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
61
Neutral
kr2.64B34.1832.28%1.41%11.23%16.24%
55
Neutral
kr1.26B2.921.92%-8.38%-38.17%
52
Neutral
kr1.28B-0.52-50.59%-21.66%
44
Neutral
kr2.09B-17.1710.25%-698.93%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:LIME
Lime Technologies AB
197.40
-165.23
-45.56%
SE:DONE
24SevenOffice
8.68
0.81
10.26%
SE:CINT
Cint Group AB
3.62
-3.93
-52.00%
SE:UPSALE
Upsales Technology AB
21.20
-11.68
-35.52%
SE:SEYE
Smart Eye AB
52.15
2.35
4.72%
SE:FPIP
FormPipe Software AB
22.50
-3.09
-12.08%

Lime Technologies AB Corporate Events

Lime Technologies Wins Mandate for Share Buyback Amid Market Volatility
Mar 12, 2026

Lime Technologies AB held an extraordinary general meeting on 12 March 2026, where shareholders approved an authorisation allowing the board to repurchase the company’s own shares. The buyback mandate, capped at 10 per cent of total shares and executable via Nasdaq Stockholm or a directed offer to all shareholders, is intended to give the board greater flexibility for active capital allocation amid volatile equity markets.

By securing this authorisation, Lime’s board gains an additional instrument to adjust the company’s capital structure and potentially support the share price during periods of market turbulence. The decision may strengthen the company’s financial agility and could influence shareholder returns, depending on how and when the repurchase programme is implemented.

The most recent analyst rating on (SE:LIME) stock is a Hold with a SEK232.00 price target. To see the full list of analyst forecasts on Lime Technologies AB stock, see the SE:LIME Stock Forecast page.

Lime Technologies Lifts Profitability Target and Shifts Focus to ARR Growth
Mar 4, 2026

Lime Technologies AB has updated its financial targets to reflect an accelerated shift toward a more scalable, software‑centric business model driven by recurring revenues. As AI makes system implementations faster and more cost‑effective, the company expects a structural move in revenue mix from consulting services to software, improving margins and reducing dependence on headcount for growth.

The board has replaced its net sales growth goal with a new metric of annual ARR growth above 18 percent and raised its medium‑term EBITA margin target from 25 percent to over 27 percent, while leaving its capital structure and dividend policy unchanged. The new framework underscores Lime’s ambition to leverage recurring software revenues for stronger profitability and long‑term value creation, reinforcing its competitive position in CRM while signalling continued commitment to shareholder returns through a payout of at least half of net profit.

The most recent analyst rating on (SE:LIME) stock is a Hold with a SEK218.00 price target. To see the full list of analyst forecasts on Lime Technologies AB stock, see the SE:LIME Stock Forecast page.

Lime Technologies Calls EGM to Seek Share Buyback Mandate Amid Market Volatility
Feb 16, 2026

Lime Technologies AB has called an extraordinary general meeting for 12 March 2026 in Stockholm, where shareholders will vote on granting the board authority to repurchase up to 10% of the company’s shares. The buyback mandate, which requires a two-thirds majority, would allow purchases on Nasdaq Stockholm or via a public offer, giving the board greater flexibility for capital allocation.

The board argues that recent equity market turbulence, including outflows from small-cap funds and uncertainty over new AI competitors, has depressed software valuations and created an opportunity to enhance shareholder value through share repurchases. If approved, the authorisation would equip Lime Technologies to act opportunistically in the current market environment, potentially supporting the share price and signalling confidence in the company’s prospects.

The most recent analyst rating on (SE:LIME) stock is a Hold with a SEK259.00 price target. To see the full list of analyst forecasts on Lime Technologies AB stock, see the SE:LIME Stock Forecast page.

Lime Technologies Seeks Share Buyback Mandate Amid Volatile Software Market
Feb 16, 2026

Lime Technologies AB’s board has called an Extraordinary General Meeting to seek shareholder authorisation for a share buyback program covering up to 10 per cent of the company’s outstanding shares. The mandate, expected to run until the next Annual General Meeting, would allow repurchases on Nasdaq Stockholm at times the board deems value-accretive for shareholders.

The board frames the proposal as a tool for more active capital allocation amid sharp equity market swings and pressure on small-cap software stocks from fund outflows and uncertainty around new AI competitors. Lime stresses it retains a strong financial position that supports ongoing organic growth, acquisitions and shareholder-focused measures, signalling confidence in its long-term strategy despite short-term market volatility.

The most recent analyst rating on (SE:LIME) stock is a Hold with a SEK259.00 price target. To see the full list of analyst forecasts on Lime Technologies AB stock, see the SE:LIME Stock Forecast page.

Lime Technologies lifts software-driven growth and dividend on solid 2025 margins
Feb 12, 2026

Lime Technologies reported modest topline growth but robust profitability for 2025, with net sales up 8% to MSEK 739.8 and software-related and recurring revenues rising 13%, underscoring the firm’s successful pivot toward subscription-based CRM solutions. The group maintained a 25% EBITA margin for both the quarter and full year, lifted net income to MSEK 111.7, and proposed a higher dividend of SEK 4.50 per share, reflecting confidence in cash generation despite fines related to its Sportadmin unit.

Management highlighted accelerating verticalisation in key segments such as utilities and real estate, a strategic acquisition and new customer wins in Germany, and a pipeline of AI-enhanced features across Lime CRM, Lime Connect and Lime Go as core drivers of future growth. The company is decentralising its organisation, sharpening business unit mandates, and prioritising annual recurring software revenue over consultancy income, positioning Lime for its “next growth phase” with continued investments in sales capacity and international expansion while managing reputational and regulatory fallout from the previous cyberattack on Sportadmin.

The most recent analyst rating on (SE:LIME) stock is a Hold with a SEK259.00 price target. To see the full list of analyst forecasts on Lime Technologies AB stock, see the SE:LIME Stock Forecast page.

Lime Technologies Sets Date for 2025 Year-End Report and Investor Webcast
Jan 30, 2026

Lime Technologies AB will publish its year-end report for the financial period January–December 2025 on 12 February 2026 and will host an English-language webcast later the same morning, where CEO Tommas Davoust and CFO Anders Hofvander will present the results and answer questions from analysts, investors and media. The webcast, supported by presentation materials to be made available on the company’s website, underlines Lime’s ongoing investor-relations efforts and provides stakeholders with a structured opportunity to gain insight into the company’s financial performance and outlook in the competitive customer relationship management software market.

The most recent analyst rating on (SE:LIME) stock is a Hold with a SEK264.00 price target. To see the full list of analyst forecasts on Lime Technologies AB stock, see the SE:LIME Stock Forecast page.

Lime Technologies to Detail Growth, AI and International Expansion at 2026 Capital Markets Day
Jan 14, 2026

Lime Technologies AB is convening investors, analysts and business media to a Capital Markets Day in Stockholm on 4 March 2026, where its new CEO Tommas Davoust and senior management will outline the next phase of the company’s profitable growth strategy. The event will spotlight Lime’s plans for accelerated international expansion, deeper focus on verticals such as the German market and utility sector, and broader integration of AI solutions throughout the customer journey, including live demonstrations of AI Agents and Connect AI. With dedicated sessions on market positioning, acquisition strategy and financial development, the day is designed to give stakeholders greater visibility into how Lime intends to strengthen its competitive standing and drive growth, while also offering networking opportunities and closer access to the company’s business unit leaders and product portfolio.

The most recent analyst rating on (SE:LIME) stock is a Hold with a SEK324.00 price target. To see the full list of analyst forecasts on Lime Technologies AB stock, see the SE:LIME Stock Forecast page.

Lime Technologies Deepens German Utility Push with New Deals and E.ON One Portal Acquisition
Jan 7, 2026

Lime Technologies AB is accelerating its expansion in Germany’s utility sector, securing several new customers such as Iqony Fernwärme and Stadtwerke Langenfeld while reinforcing its role as a provider of industry-specific CRM and digital customer-process solutions. As part of its long-term growth strategy, the company has acquired a portal solution from E.ON One that streamlines the complex power grid connection process for utility companies, gaining an established German customer base and enhancing its local presence; the portal will initially run as a stand-alone product before being integrated into Lime CRM, and although the deal is financed from existing cash and is not expected to materially affect short-term growth or profitability, it deepens Lime’s positioning in a growing vertical and supports its strategy of combining organic sales efforts with targeted acquisitions in the German market.

The most recent analyst rating on (SE:LIME) stock is a Hold with a SEK326.00 price target. To see the full list of analyst forecasts on Lime Technologies AB stock, see the SE:LIME Stock Forecast page.

Lime Technologies Moves to Bolster Board with Software Veteran Fredrik Ruben
Jan 2, 2026

Lime Technologies’ Nomination Committee has proposed the election of Fredrik Ruben as a new member of the Board of Directors at the 2026 Annual General Meeting, expanding the board from five to six members. Ruben, currently CEO of Dynavox Group and formerly head of 3L System Group and Vitec Mäklarsystem, brings extensive leadership experience in software-driven growth companies, and is expected to strengthen Lime’s capabilities in international expansion, software development and product strategy, areas the company identifies as critical to its continued growth and long-term value creation.

The most recent analyst rating on (SE:LIME) stock is a Hold with a SEK326.00 price target. To see the full list of analyst forecasts on Lime Technologies AB stock, see the SE:LIME Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Mar 03, 2026