Strong governance is what lets a bold strategy move with confidence. From our ownership structure to our board composition, we ensure that the people overseeing this business have skin in the game. And decades of experience to match.
Investors
Investors
We don’t chase growth. We build it.
We own business
software companies.
And shape them into
market leaders.
After decades of sustained growth, we have earned our position as an owner of business software leaders. Today, we use that foundation of deep industry expertise and compounding results to define what comes next.
LATEST RESULTS
Strong growth. Sustained momentum.
Customers
2.5 M
↗
23.5% YoY growth
Sustained customer growth in Q1 2026, across every core market.
Reached 2.5 million customers in Q1 2026 – representing YoY customer growth of 23.5%.
Customer intake remained strong across all core markets, especially in the Business segment.
Momentum particularly strong in Continental Europe, reflecting regulatory tailwinds related to mandatory e-invoicing and digital accounting.
ARR (M EUR)
€ 2,976
↗
+19.5% year-over-year
↗
+13.3% organic growth
ARR reaches a new all-time high of €2,976 million – up 19.5% year-over-year.
Business Segment continues to be primary growth driver, with strong performance in the Nordics (+11.2%) and strong growth across our key Business Platforms.
ARR of €2,976 million at end of Q1 2026 – up 19.5% YoY, of which 13.3% organic.Business segment continues to be key driver, with strong double-digit growth across all regions.
Strong organic growth supplemented by continued M&A activity, with 2 transactions completed in Q1 2026 – strengthening our offering in Latin America and adding to our property management solutions in Finland.
Adjusted EBITDA (M EUR)
€ 270
↗
+20.4% year-over-year
↗
+18.8% organic growth
EBITDA margin of 34.0%, demonstrating underlying operating leverage and AI-linked efficiency gains.
Adjusted EBITDA of €270 million – up 20.4%, with a margin of 34.0%, demonstrating underlying operating leverage and AI-linked efficiency gains.
We are AI-first
500+ live AI initiatives, already in production. The result is an operation that gets more valuable every year.
Automation solution that turns purchase invoices into a revenue engine. Generates more than 40M NOK in new annual revenue.
AI is now Holded’s third largest acquisition channel. Customer acquisition cost 75% lower than traditional paid search.
AI that moves from assistance to delegation. Automating complex accounting for Finnish accounting offices.
Uses AI to interpret documents, suggest accounts and assist with bookkeeping. Saves time and simplifies accounting.
A Virtual CFO for small businesses. Uses peer benchmark data to advise on business optimisation – creating value that goes beyond automation.
AI-native engineering reduced a 4,200-hour app rebuild to 400 hours. A model now being replicated across the group.
The work behind the numbers
Investor relations
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