Customer and supplier agreement risk
Revenue depends on winning and executing specific contracts.
- Scope
- Order intake and backlog in both business units
- Materiality
- high
Image Systems
Image Systems is a Swedish industrial software group based in Linköping that develops and sells specialized software and systems for non-contact measurement and advanced image analysis. The company operates through two business units, RemaSawco and Motion Analysis, serving customers in industrial production optimization, defense, automotive, and other technical testing applications.
77
0.69
0.40
| % | |
|---|---|
| Motion Analysis software | 45% Software used to analyze high-speed film and motion in technical testing and research. |
| RemaSawco systems | 45% Non-contact measurement and optimization systems for sawmills and related industrial users. |
| Subscription and support | 8% Recurring software support, maintenance, and subscription agreements tied to installed products. |
| Other services and development | 2% Engineering, customization, and development work linked to customer projects and product releases. |
Image Systems sells to industrial customers that need precise measurement, process optimization, or motion analysis...
- Sawmill and forestry operatorsprimary
Buy RemaSawco measurement and optimization systems to improve production flow and yield.
- Defense organizationsprimary
Buy Motion Analysis software for technical analysis, testing, and mission-related evaluation.
- Automotive and industrial R&D customerssecondary
Use high-speed analysis software to test products and validate performance.
- Medical technology usersemerging
Adopt specialized software releases adapted for medical technology applications.
- Installed-base support customerssecondary
Purchase subscription and support services to maintain and update existing software.
Image Systems is headquartered in Sweden and has operations in Sweden, Finland, and Norway, with sales offices in...
- •Headquartered in Linköping, Sweden
- •Operations in Sweden, Finland, and Norway
- •Sales offices in China, Japan, France, and the United States
- •Nordic base with international customer exposure
- •Foreign currency exposure from multi-country sales and costs
Image Systems is focused on expanding recurring subscription and support revenue in Motion Analysis while strengthening...
01
Grow recurring revenue in Motion Analysisshort-term
Recurring subscriptions and support can smooth revenue and improve visibility.
02
Strengthen direct sales in prioritized marketsmedium-term
Direct market access can improve customer relationships and commercial control.
03
Continue product development for niche applicationsmedium-term
Specialized releases help defend niche leadership and open new end markets.
04
Preserve financial strength and dividend capacitylong-term
A strong balance sheet supports resilience in a project-based business.
The company depends on customer and supplier agreements, so order timing and project execution can affect revenue...
Subscription model transition risk
Recurring revenue builds gradually and can affect near-term comparability.
- Scope
- Motion Analysis business unit
- Materiality
- high
Foreign exchange fluctuations
The company sells internationally and has multi-currency exposure.
- Scope
- Sales offices and customers outside Sweden
- Materiality
- medium
Customer concentration in niche markets
A small number of industrial and defense customers can drive orders.
- Scope
- Defense, sawmill, and technical testing customers
- Materiality
- medium
Technology and product relevance risk
Specialized software must keep pace with customer requirements.
- Scope
- High-speed analysis and non-contact measurement niches
- Materiality
- medium
EBITDA reconciliation
Affects reported operating leverage and non-IFRS comparability
Subscription and support revenue timing
Affects quarterly comparability and backlog interpretation
Capitalized development costs
Affects profit, intangible assets, and future amortization
Net debt and lease accounting
Affects leverage assessment and balance sheet analysis
: 11/08/2026