Visma Labs

monthly update
February 2023
Updates from Visma Group
01 03
People Tech
Be the most inspiring Create technology
& engaging place to work that people enjoy

02 04
Customers Growth
Deliver best-in-class Sustainable growth
customer experience in our markets

Our group objectives

Europe is our
core market
■ We are a top 5 software
company in Europe

■ And the number 1 in Cloud

ERP in Europe
Our international
presence
■ We operate across Europe
and Latin America

■ Wide network of distributors and partners

■ Virtual development organisation (R&D)

across borders
 2,057

Performing consistently 1,726

CAGR 2006-2022 1,421

Revenue: 18%
EBITDA: 22%
1,125

985

732

622 591
534
497
450
403
351 332
300
247 264
184 204 195
169 184 176
144 143
101 116
62 80
41 49 54
37

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 *
2022

*) 2022 numbers are preliminary until the annual accounts are adopted by the board
Note: Historical financials have been adjusted for the divestiture of retail / hosting (2018) division, Opic and Tendsign (2020), Consulting (2022) and CIS (2022). EBITDA shown as pre-IFRS16 for 2006 -
2018, thereafter as post-IFRS16
 Visma in numbers
14 000 1 400 000 € 1 726m
Engaged employees Customers Value created for
with more than 5 000 society in 2021
developers

€ 2 057m € 591m 200

Revenue in 2022 *) EBITDA in 2022 *) companies have joined Visma
since 2014

11m & 22m 250+

payslips e-invoices Locations - strong local
running through Visma’s presence
systems every month We are where you are

*) 2022 numbers are preliminary until the annual accounts are adopted by the board
 42 stars joined us in 2022

Døgndata

Accounting & ERP HRM & Payroll Verticals & Industry Product acquisitions Custom solutions
Solutions Software & Consulting
 5 companies have joined us so far in 2023

Accounting & ERP HRM & Payroll Verticals & Industry Product acquisitions
Solutions Software
Financial
figures

Visma Labs
January results budget vs actual

1510 k EUR 138k EUR 9.2% 10.3%

Revenue EBITDALCE EBITDALCE % EBITDAC %

Actual Actual
Actual Actual
1448k EUR 10.4%
150k EUR 10.8%
(+1.2%)
(-62K EUR) (+ 12k EUR) (+0.5%)
 Employee
engagement

Make progress happen

Engagement Status January

Employee engagement score Participation Rate

Trend from last month: +2 Aggregated participation rate: 92%

83 92%
eNPS question: 81, no change Current round: 83%
Survey period: January 2023

Leadership Index Environment “My current work environment Equality score

contributes positively to my ability to do my job.”

“My leader provides me with Trend from last month: -1 Trend from last month: -3

80 the support I need”

Trend from last month: -4

77 83 “People from all backgrounds
are treated fairly by my
employer”
Get to know
Visma
Time reporting
Baiba Sebre
 Time reporting refresh
Where can I find codes for “Time reporting”?
https://confluence.visma.com/display/LAS/2017/0
7/31/Time+Reporting or google invite.

Why reporting time is important?

-To correctly calculate each employee's salary and

make sure that none of the vacations or sick leaves
are missed.

Until further notice, please do not press

“Submit period…”.

Please use the correct codes, it minimizes the

time is spent for collecting all employees' hours
and manually editing them.
Overtime: Overtime approvals should be sent as soon as possible and registered in Jira.
Approval for the last day of the month should not be sent later then first day of the next month, 9:30.
In case of sick leave, you should inform about it, on the day you have opened it and on the day you closed it.
After the TR deadline, it is possible to edit your hours, but please do it carefully. Look carefully if you still have 8 hours that day.
Please report correctly the days before holidays (7h workday) especially those who work hourly work.
Do not make any changes without informing Baiba Sebre on the TR deadline day, after the deadline.
February updates
February updates- Salary review
● Performance evaluation completed, Salary review initiated, communication to employees will
start on March 20th
○ Employees who are not part of the Salary review process:
■ employees who have resigned or are in trial period
■ new hires after October 1st, 2022
■ employees who have received significant adjustments and promotions throughout the
year where it was specifically agreed with employee
■ employees on unpaid leave
■ employees in maternity/ paternity leave - as the contract is suspended employees can not
enter salary process, but salaries will be assessed upon return
■ employees who have received low performance evaluations “work is not of acceptable
standard” or “improvement expected”
February updates
● On February 23rd - COO of Visma Group Ellen Furru and Leap Giant
Technologies Managing Director Therese Sletten will visit PL11 office and
will attend Visma Labs 8 year anniversary party
● Annual Health and safety instructions March 6 - 9
● AHA week planned in March 13 - 17th
● Wellbeing weeks March 27 - April 6
● Catch the spring activities March 20 - April 6
● Testing new water filter system in BG office until 23rd of February
ChariTeam invites
To collect donations to help
earthquakes areas!

Please bring all items

until 20th February
to PL11 or BG office!
Date: February 23rd

Time: 18:00-2:00

Agenda:
18:00-19:00- arrival of the guests and mingling
19:00 Opening show and speech
19:30 Dinner
20:00 Employees of 2022 nominations
20:30 Birthday cakes and start of evening activities

Practicalities:
Parking - available near the building
Drinks : Welcome drink + 2 drinks free of charge
You may start the next day to 11:00 and leave earlier to prepare for the
party. Please inform your manager if you are attending the party and plan to
leave early.

285 guests have signed up for the party

 Entrepreneurial

Responsible

Dedicated

Inclusive

Make progress happen

Visma Labs Benefit Catalog
Additional days off (should be used by calendar year): Health Insurance
● 3 additional days off/year for your personal plans ● Psychotherapist, psychologist and psychiatrist consultations
● Birthday as a day off (as of 4th anniversary) ● Dentist
● 1st September (school - aged children) ● Outpatient and inpatient care
● Paid educational absence for final thesis (20 days) ● Vaccination
● Special occasions - wedding, funeral
Year-end financial bonus

Full Benefit Catalog

24
Visma Labs Referral Policy
Great opportunity to refer a candidate and get kudos + financial bonus

( 750.00 EUR gross - 2000.00 EUR gross )

Referral Policy

Open Positions

25
 Latvian language club is back
let’s speak Latvian together with Anton and Inga

● All colleagues, whose native language is not Latvian, but who are interested in learning or
practicing the Latvian language are very welcome to join!
● What are we doing? Mostly speaking and having conversations. Improving the vocabulary. No
hardcore grammar :)

We meet weekly on Tuesdays 17:30 - 18:00

Interested? Ping Anton Romanov or Inga Grieze

Reminding some guidelines
● Hybrid work model continues, each team has decision making power to
decide when to work in office, but employees are expected to be working
from office:
○ if your team has guest visitors
○ on the day when Visma Labs has monthly brunch (unless it is booked as online event)
○ you are expected to attend Visma Labs summer team building event
○ you are expected to work in office during VIsma top management visit (CEO, CTO, Strategic Initiatives
Director, etc. visit)
○ you have to come to office by HR or Managing Director request
● If your team members from other countries are planning to visit you, please
inform Baiba Sebre, our Happiness Officer