Relesys: Time to engage the non-desk workforce - ABG

Boosting employee productivity and customer profitability
27% ARR CAGR until '26e with improving profitability
Good long-term profitability; FVR of DKK 3.7-7.3/share


Boosting employee productivity and customer profitability

Studies have shown that engaged employees are 38% more likely to have above-average productivity, while firms with high employee engagement are 21% more profitable. Just 21% of employees globally feel engaged, however, and the problem is particularly widespread among the non-desk workforce. With its all-in-one software for internal communications, operations, training, and more, Relesys aims to improve employee productivity and customer profitability. The company's fully customisable software platform is a key differentiating factor in a highly fragmented competitive landscape and a key reason behind the company's strong product-market fit evidenced by an impressive customer portfolio. However, the modular approach means that the business model is still scalable, as demonstrated by the ARR CAGR of 39% from '19-'22.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/relesys/Equity-research/2023/4/relesys---time-to-engage-the-non-desk-workforce/