In 2021, ALM Partners achieved excellent results in Finland, Nordic and Baltic countries, together with customers. The strong growth in operating net sales for the financial year EUR 8.1 million (+ 21%) was primarily driven by growth in Finland, and this was the eleventh consecutive year of growth for the company. Total turnover for the financial year was EUR 8.5 million, with profitability remaining at a good levels with a strong financial outlook. The company’s operating profit for 2021 was EUR 841 thousand.
ALM Partners’ high-quality solutions for risk management, balance sheet management, regulatory reporting and information management, as well as experts, will enable stable growth in the future. In 2021, the company has invested heavily in developing its own regulatory reporting solutions offering for the European markets as part of its growth vision for the future. Through the utilization of product development loans, Business Finland support, as well as the inhouse expertise and investment, the primary product development projects have had a focus on developing the capabilities of a financial database solution (CRDM) and a reporting solution that meets reporting requirements in EU markets.
ALM Partners’ international business remained at the same level as in the previous year. In 2021, ALM Partners invested heavily in customers, personnel and in-house product solutions and building the foundations for international growth. Despite the challenging and changing operating environment, customer and staff satisfaction remained high. R&D investments will enable ALM Partners to offer even better location-independent solutions and thus continue to grow internationally.
Competent personnel enable strong growth. At the end of 2021, the ALM Partners Group had 91 employees, a growth of 17 new team members over the previous year. Recruitment will continue strongly in 2022.
In line with the strategy for 2022, ALM Partners aims to achieve an organic growth of more than 20 percent in operating net sales in excess of 15 percent and a business acquisition that strengthens regulatory reporting. Profitability is expected to remain within previous years levels. The business conditions, ALM Partners’ strong expert base and investments in regulatory reporting solutions create excellent conditions for continued strong growth and internationalization for the 2022 financial year.
In line with the strategy for 2022, ALM Partners aims to achieve annual organic growth of more than 15 percent in operating revenue for existing lines of business, and an increase in overall growth of more than 20 percent as a result of the completed acquisition, which strengthens regulatory reporting capabilities. Profitability is expected to remain at the same stable level as in previous years. The business conditions, ALM Partners’ strong expert base and investments in regulatory reporting solutions create excellent conditions for continued strong growth and internationalization in 2022.