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Ørn Software Holding är verksamma inom IT-branschen. Bolaget är specialiserade inom utveckling av digitala plattformar för daglig drift, underhåll och administration. Programvaran används huvudsakligen för industriellt underhåll och inom fastighetsförvaltning, med checklistor och dokumentation. Kunderna består av små- och medelstora företagskunder. Utöver huvudverksamheten erbjuds även diverse mervärdestjänster och produkter. Störst verksamhet återfinns inom den nordiska marknaden.


2022-04-27 Årsstämma 2022
2022-03-04 Bokslutskommuniké 2021
2021-11-19 Kvartalsrapport 2021-Q3
2021-09-03 Kvartalsrapport 2021-Q2
2021-05-28 Kvartalsrapport 2021-Q1
2021-05-14 Extra Bolagsstämma 2021
2021-05-28 07:00:12
28.5.2021 07:00:00 CEST | Ørn Software Holding AS | Half yearly financial
reports and audit reports / limited reviews

Trondheim, May 28, 2021 - Ørn Software Holding AS today reported its results for
the first quarter 2021, showing NOK 124.1 million in annual recurring revenue
(ARR), a growth of 69 percent year-on-year. Operating revenue in the first
quarter was NOK 31.2 million, 56 percent higher than in the same period last
year. Adjusted EBITDA increased with 127 percent to NOK 7.5 million, implying an
EBITDA margin of 24 percent, up from 19 percent in Q1 2020. Reported EBITDA was
NOK -8.2 million, affected by 15.7 million in special items related to the IPO
and listing on Euronext Growth in March 2021.

"The first quarter of 2021 has been eventful and busy for Ørn Software and the
team, with continued growth, M&A activity, product development and the
preparation for a successful listing on the Euronext Growth stock exchange. The
strong growth in ARR and increased adjusted EBITDA margin serve as proof-points
for Ørn Software being on the right track for our 2021 priorities and 2025
ambitions. We have been ramping up our sales capacities to further leverage our
product portfolio and exploit synergies. This is expected to bring additional
organic growth as of second half 2021," said CEO of Ørn Software, Sten-Roger

Ørn Software provides digital tools for digitalization of rental processes,
data-driven maintenance scheduling and energy optimization, and the company's
growth is driven by its customers' wish to increase efficiency and
competitiveness by adapting digital tools, as well as corporate social
responsibility combined with regulations related to the green shift. The
estimated NOK 12 billion Nordic market for software within Ørn's segments
continues to grow, and only NOK 2.6 billion is currently served.

"Our best-of-breed offering hits a sweet spot in a market highly affected by the
ongoing industrial digitalization, as well as mega-trends like Smart Buildings,
Industry 4.0 and the Green Shift. We continue to execute on our growth plan. We
have a proven M&A track record, and In Q1 we acquired Facilit, followed by the
agreement to acquire Landax in May. This brings the total up to six acquisitions
over the last 18 months. Additionally, we have high ambitions for organic
growth, and our target is to organically grow our ARR to NOK 300 million and
reach 40 percent EBITDA margin by 2025," said Karlsen.


In connection with the results, Ørn Software will hold an English language
webcast presentation at 09:00 (CEST), followed by a live Q&A session. Viewers
are welcome to post written questions through the webcast player.

Representatives from Ørn Software will be CEO Sten-Roger Karlsen and CFO Vidar
André Løken.

The webcast will be available live and as a recording on the following link:



?This information is such that Ørn Software Holding AS is required to disclose
in accordance with the EU Market Abuse Regulation.

?This information was submitted for publication by the Company's CFO, Vidar
Andre Løken.


* Sten-Roger Karlsen, CEO Ørn Software, +47 922 62 321, srk@ornsoftware.com
* Vidar Andre Løken, CFO Ørn Software, +47 952 60 926, val@ornsoftware.com


Ørn Software is a Nordic provider of SaaS solutions enabling efficient
operations and maintenance across a wide range of asset-heavy industries,
including real estate, manufacturing, food & beverages, and aquaculture.

The Group's software provides customers with improved insight through
data-driven operations and contributes to increased efficiency and reduced costs
through digitalization of rental processes, data-driven maintenance scheduling
and energy optimization. All of the above contribute to the lengthening of
property and equipment lifespan, a key component of Ørn Software's value
proposition. Furthermore, the Group's offering enables customers to reduce their
environmental footprint and provides digital tools to meet reporting and
regulatory requirements.


Download announcement as PDF.pdf -

ORN_Q1_2021_report.pdf -

ORN_Q1_2021_presentation.pdf -