Nasdaq CopenhagenIFRS · DKK

InterMail A/S

InterMail A/S is a Danish communications and marketing services company based in Hvidovre, Denmark. It provides customer communication solutions that help organizations design, produce, and distribute physical and digital mailings and related campaign materials.

Kysy yhtiöstä
Liikevaihto59,3milj. DKK
−51,5 %v/v
Liikevoitto (EBIT)3,4milj. DKK
−21,1 %v/v
EBIT-marginaali5,7%
+2,2 %-yks.v/v
Nettotulos1,1milj. DKK
+1 965,4 %v/v
Vapaa kassavirta5,3milj. DKK
−51,9 %v/v

Tilikausi 2023 · muutos edellisvuodesta

Kehitys 2020–2023

0255075100125milj. DKK2020: 106 milj. DKK20202021: 122 milj. DKK20212022: 122 milj. DKK2022: EBIT 4,3 milj. DKK20222023: 59 milj. DKK2023: EBIT 3,4 milj. DKK2023593,4
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: InterMail A/S

Liiketoiminta

Osuus liikevaihdosta
Customer communication services40 %

Solutions for preparing, managing, and delivering customer-facing communications across channels.

Direct mail production30 %

Printing, personalization, and physical mailing of marketing and service communications.

Transactional communication20 %

Operational mailings such as invoices, notices, and account-related documents.

Campaign and document services10 %

Support services for campaign execution, document handling, and distribution workflows.

Asiakkaat

InterMail sells mainly to organizations that need recurring outbound communication with customers, members, or citizens. Its buyer base typically includes enterprises, institutions, and other large communication-intensive organizations that value scale, reliability, and control over printed and digital delivery.

Enterprise customers

Buy communication and mailing workflows for high-volume customer contact and document delivery.

Marketing teams

Buy campaign design and direct-mail execution to reach targeted audiences.

Transactional document users

Buy production and distribution of invoices, statements, and official notices.

Public and membership organizations

Buy reliable mailing services for member, citizen, or stakeholder communications.

Strategia

InterMail’s strategic position is tied to being a service partner for recurring customer communication rather than a pure product seller. The business depends on maintaining efficient production, dependable delivery, and relevance as customers move between print and digital communication channels.

Retain recurring communication customersLyhyt aikaväli

The model depends on repeat volumes and long-running client relationships.

Balance print and digital deliveryKeskipitkä aikaväli

Customers increasingly expect communication across multiple channels.

Protect production efficiencyKeskipitkä aikaväli

Cost competitiveness is important in a service business with volume sensitivity.

Maantiede

InterMail is headquartered in Denmark and the available filing material points to a Danish operating base. The report excerpt references revenue recognition across geographic segments, but no detailed country or regional revenue split is disclosed in the provided text.

Riskit

InterMail faces demand risk from changes in customer communication habits, including a shift away from physical mail toward digital channels. The business is also exposed to volume concentration, execution risk in production and delivery, and typical small-cap risks around earnings volatility and asset recovery assumptions.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Migration away from physical mail1Customer concentration and contract loss2Operational disruption in print and delivery3Deferred tax asset recoverability4Seasonality in first quarter5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Migration away from physical mailVaikutus: KorkeaTodennäköisyys: Korkea

    Core services depend on printed and mailed communications, which can be displaced by digital channels.

    Kohdistuu: Direct mail and transactional mail volumes

  2. Customer concentration and contract lossVaikutus: KorkeaTodennäköisyys: Kohtalainen

    A service model built on recurring communication volumes can be affected if major customers churn or reduce spend.

    Kohdistuu: Enterprise communication contracts

  3. Operational disruption in print and deliveryVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Production delays or mailing errors can damage client relationships and create claims or rework costs.

    Kohdistuu: Mailing operations and document handling

  4. Deferred tax asset recoverabilityVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The report states the group has significant carryforwards and must assess whether future taxable profits will support recognition.

    Kohdistuu: Deferred tax assets and loss carryforwards

  5. Seasonality in first quarterVaikutus: MatalaTodennäköisyys: Korkea

    The report says the first quarter is traditionally the high season, which can make interim comparisons uneven.

    Kohdistuu: Quarterly revenue and earnings patterns

Kysy Clarifolta: InterMail A/S

Kirjanpito

Harkinnanvaraiset erät
Point-in-time revenue recognition

The filing states that revenue is recognized when performance obligations are met, which affects timing between service delivery and reported sales.

Vaikutus: Quarterly revenue timing

Deferred tax assets

The company has substantial loss carryforwards, and recognition depends on whether future profits are sufficiently probable.

Vaikutus: Equity and tax expense

Seasonality

The first quarter is described as traditionally the high season, which can distort period-to-period comparisons.

Vaikutus: Interim comparability

Goodwill impairment

The report references uncertainty around impairment testing, which requires judgment about future cash flows and discount rates.

Vaikutus: Intangible assets and earnings

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Päivitetty: 24.10.2026