Formpipe Software AB (STU:F3J)
€ 2.22 -0.01 (-0.45%) Market Cap: 121.92 Mil Enterprise Value: 121.10 Mil PE Ratio: 38.53 PB Ratio: 2.91 GF Score: 84/100

Q4 2023 FormPipe Software AB Earnings Call Transcript

Feb 16, 2024 / 10:00AM GMT
Release Date Price: €2.52 (+4.13%)
Operator

Welcome to this live here with FormPipe. I will be back later for the Q&A session, and you can already now post your questions below the stream. But now it's time for the CEO, Magnus Svenningson; and CFO Joakim Alfredson, to present the fourth quarter. Welcome.

Magnus Svenningson
FormPipe Software AB - CFO

Thank you, Fredrik. 2023 and that strongly. So, first of all thank you, too all my FormPipe colleagues, it's been a great first six months for me today, we'll talk about the Q4 in short, some business highlights. Joakim will give us some financial details, and then we'll talk a little bit about 2023.

As a year and then finally, a little bit on the next step for FormPipe. We ended 2023 strong with a growth of 7%, and we had a 10% growth in ARR, which I believe is very important for a source company, the ACV came out at SEK9 million, and we see that is a figure we should do better in the future.

So it is okay and as we spoke about previous in the quarter here, we have had a bit of churn on the private banking side. But again, we will

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