With two noteworthy deals in Q2, a comprehensive agreement for digital management with
Two larger deals so far in Q2
The Pareto agreement spans 33 months and is divided into two phases, generating revenue from both projects and subscriptions. It will also benefit the development of the 2Connect platform, creating several new customer-driven services. Phase 1 focuses on platform development, including unique customer features and connecting the National Archives of
Focus on profitability
The ongoing cost-savings and consolidation efforts are planned to be completed in Q3’24, which is expected to further improve the operational efficiency and profitability, with a full cost-reduction effect of 10% from Q1’25. With Energy savings of 43% for customers, corresponding to a total energy savings of 75 million kWh, F2M continues to expand installed base, now at nearly 800 installations, where the Pareto deal will add another 50 properties. Along with the new service initiatives during Q2, F2M continues to build long term value with recurring revenues.
Depressed share price creates long term opportunities
Despite the historic downward pressure on the share, we see a considerable upside potential in the F2M share. This hinges on the company reaching neutral cash flow and profit in 2024/2025. With the measures taken to more effectively work the order backlog, continue growth and raise profitability, the outlook for this is bright. Encouraged by the deals in Q2, we now contine to find support for a fair value of
Read the full report here: https://www.emergers.se/free2move_g/
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