Supply chain finance and working capital products will be key to Basware’s growth in the coming months, according to CEO Esa Tihilä (left). Speaking as the company unveiled a 3.5% growth in sales to €73.03m in the first half of 2016, Tihilä also pointed to UK, the US, and Germany as key markets for the company in the second half of the year.
“Basware is accelerating operating investments in 2016 to drive higher organic growth, in particular go-to-market and related activities,” he said. The development of the company’s Financing Services offering, which includes Basware Pay, Basware Discount and Basware Advance, will be accelerated, he added.
For 2016, Basware expects organic revenue growth of 5 percent or more for the year at constant currencies, but ‘temporary pressure on margins driven by accelerated growth investments’ will mean the company breaks even at the EBITDA level.