Financial targets

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Canatu’s outlook for 2024

Canatu’s net turnover for the 2024 financial year is estimated to be between EUR 20 million and EUR 25 million.

Canatu expects the relative contribution to the guided net turnover by Semiconductor to be very large, by Automotive limited, and by Medical non-material.

The total capital expenditure in 2024 is expected to amount to EUR 5-6 million, excluding any potential impact from potential changes in Canatu’s practice regarding the activation of R&D related personnel expenses.

Long-term financial targets

  • Revenue in 2027 over 100 million
  • EBIT margin (adjusted for goodwill amortisation in accordance with the Finnish Accounting Standards) in 2027 over 30 per cent of revenue

Canatu expects the relative contribution to the guided revenue by Semiconductor to be large, by Automotive medium, and by Medical limited.

Canatu expects that the current level of capital expenditure is adequate for reaching the long-term financial targets of annual revenue of over EUR 100 million in 2027 and that reaching the long-term financial targets in 2027 may require to grow the headcount by 25-35 FTEs annually.