Investor Relations

Analyst Consensus

This material represents the combined consensus numbers collected from various third party analysts between 27.11.24 – 29.11.24. The consensus estimates, including all underlying projections, predictions or forecasts are the analyst’s own opinion and do not represent the opinions, forecasts, estimates, projections or predictions of the Company or its management, nor should they be relied upon as a comprehensive consensus of all third party analysts. Specifically the information should not be relied upon as representing the Company’s estimates of its future financial performance. The company neither endorses, nor comments in any way on the combined consensus numbers, conclusions or recommendations. Actual figures or the Company’s expectations may materially differ from the consensus numbers, and the Company does not make any corrective statements, whatsoever, if that is the case. Furthermore, the underlying methodology to derive the consensus estimates may change at any given time. In addition, analysts will revise their figures that went into these consensus numbers from time to time. The company assumes no responsibility or liability for the accuracy and completeness of the published information and assumes no obligation with the compilation and publication of consensus estimates, nor with their respective update. These combined consensus numbers are for information purposes only and constitute neither investment advice nor any solicitation to buy, hold or sell securities or other financial instruments of the Company.

Consensus

USDm, except EPS in USDQ4 2024 averageNo. of analystsFY 2024 averageNo. of analystsFY 2025 averageNo. of analysts
Subscription
Term license
SaaS
83.2
19.5
57.7
13
13
14
170.4
48.7
223.6
13
13
15
191.6
36.1
247.0
13
13

14
Total license
Maintenance
Services
160.8
118.6
34.7
14
14
14
443.1
463.2
133.0
15
15

15
474.9
490.1
135.8
14
14
14
Revenue314.2141039.4151100.714
Costs213.514704.315749.214
EBIT101.113335.514351.614
EPS1.01123.43123.6214
ARR809.29810.910895.49
FCF*116.810250.613281.313
Note: all figures are non-IFRS. * FCF is on old definition excluding IFRS 16 (leases) and interest expense.