FPIPNasdaq StockholmTechnologyIFRS · SEK

Formpipe Software

Formpipe Software is a software company focused on providing Customer Communication Management (CCM) solutions, primarily through its Lasernet product. The company has recently undergone a strategic shift by divesting its Public business area to concentrate on its core software offerings. Lasernet enhances ERP systems by enabling customized business document formats, supporting digital transformation and compliance. Formpipe operates in a rapidly growing market driven by cloud solutions and advanced technologies such as AI and IoT.

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Revenue242m SEK
−54.2 %y/y
Operating profit (EBIT)-48.7m SEK
−199.6 %y/y
EBIT margin-20.1%
−29.3 ppy/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-2000200400600m SEK2021: 473 m SEK2021: EBIT 69 m SEK20212022: 485 m SEK2022: EBIT 16 m SEK20222023: 525 m SEK2023: EBIT 49 m SEK20232024: 529 m SEK2024: EBIT 49 m SEK20242025: 242 m SEK2025: EBIT -49 m SEK2025242-49
RevenueOperating profit (EBIT)
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Business

Share of revenue
SaaS62 %

Cloud-based software solutions for communication management.

Support & Maintenance28 %

Ongoing support and maintenance services for software products.

Delivery10 %

Implementation and delivery of software solutions.

Customers

Formpipe's customers are primarily businesses seeking to enhance their communication processes through advanced software solutions. The company's Lasernet product is particularly popular among organizations using ERP systems, such as those running Microsoft Dynamics, due to its ability to customize business documents. Formpipe also serves the banking sector, providing solutions that ensure compliance and efficient communication. The company's focus on cloud-based solutions attracts customers looking for flexibility and remote work support.

ERP Users

Businesses using ERP systems like Microsoft Dynamics for document customization.

Banking Sector

Banks needing compliance and efficient communication solutions.

Cloud Solution Seekers

Companies looking for flexible, cloud-based communication tools.

Strategy

Formpipe's strategic priorities include focusing on its core Lasernet product and expanding its presence in the ERP and banking sectors. The company aims to enhance operational efficiency and profitability through organizational changes and a clear commercial focus. The divestment of the Public business area is a key strategic move to concentrate resources on scalable software solutions. Formpipe is also investing in cloud-based technologies to support digital transformation and compliance needs.

Focus on LasernetMedium term

To concentrate on scalable software solutions.

Expand ERP and banking sectorsLong term

To grow market share in key sectors.

Enhance operational efficiencyShort term

To improve profitability and competitiveness.

Geography

Formpipe Software operates primarily in Europe, with a strong presence in the Nordic countries. The company's strategic focus on cloud-based solutions allows it to serve customers globally, although its primary market remains within Europe. The recent divestment of its Public business area was to streamline operations and focus on its core markets. The company's operations are supported by a workforce primarily based in Europe, with significant activities in the UK.

Risks

Formpipe faces several risks, including the potential for customer churn in its banking and email filing sectors, which can impact annual contract value growth. The company is also exposed to currency fluctuations that can affect financial performance. Industry-specific risks include the rapid pace of technological change and increasing regulatory requirements, which necessitate continuous investment in product development. The recent divestment of the Public business area also poses transitional risks as the company refocuses its operations.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Customer churn1Technological change2Currency fluctuations3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Customer churnImpact: HighLikelihood: High

    Impacts annual contract value growth.

  2. Technological changeImpact: HighLikelihood: Low

    Necessitates continuous investment.

  3. Currency fluctuationsImpact: MediumLikelihood: Low

    Affects financial performance.

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Accounting

Judgemental items
Revenue recognition

Critical for SaaS model earnings reporting.

Impact: high

Currency fluctuations

Affects financial results.

Impact: medium

Divestment accounting

Involves transaction costs and impacts.

Impact: high

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Last updated: 24/09/2026

Formpipe Software (FPIP) Revenue, Earnings & Financials 2025 – Clarifo