Kurs & Likviditet
Beskrivning
| Land | Norge |
|---|---|
| Lista | OB Match |
| Sektor | Tjänster |
| Industri | IT-konsult & onlinetjänster |
2024-05-07 07:00:00
Crayon Group Holding ASA (OSE: CRAYN) today reported its first-quarter results
with a Gross Profit growth of 17% and Adjusted EBITDA at NOK 203m, corresponding
to a margin of 14%.
"We have delivered a strong start to the year, demonstrating how Crayon's unique
capabilities are well-aligned with the market's rising demand for software and
cloud," said CEO Melissa Mulholland. "As businesses expand their IT portfolio to
prepare for generative AI, more companies need software for security and
productivity requirements. This, coupled with our global market reach, means we
continue to see significant opportunities to increase our international growth."
Financial highlights: Q1 2024
Gross Profit NOK 1 474m Up 17%
Adjusted EBITDA NOK 203 m Up 10%
Cash flow from Operations NOK 97m Up 28%
Adjusted EBITDA ended at NOK 203m, reflecting a margin of 14%. Measures to
improve profitability within Consulting was implemented in Q124 and will have
effect from Q2 and in the second half of the year, supporting the company's
Adjusted EBITDA Outlook of 18-20% for the full year.
Cash flow from operations ended at NOK 97m. Net Working Capital ended at NOK
-1.1bn, an improvement of NOK 867m compared to the same quarter previous year.
Crayon continues to implement measures to strengthen working capital.
The financial report and presentation for Q1 2024 are enclosed and available at
https://www.crayon.com/investor-relations/ CEO Melissa Mulholland and CFO Brede
Huser will present the results in a live webcast at 8:30 am CET that can be
accessed at www.crayon.com/investor-relations.
It will be possible to submit questions online. A recording of the webcast will
be available on-demand after the live event has concluded.
Investor contact:
Kjell Arne Hansen Head of Investor Relations and Corporate Finance
ir@crayon.com
+47 950 40 372
About Crayon: Crayon is a customer-centric innovation and IT services company
with over 4,000 team members across 46 countries. We optimize businesses' IT
estate to help them innovate with expertise they can trust. Our services create
value for companies to thrive today, and scale for tomorrow. For more
information, visit www.crayon.com.