Oslo, 29 October 2019: Crayon Group Holding ASA ("Crayon" or the "Company", OSE ticker code "CRAYON") reports a seventh consecutive quarter of strong year-over-year ("YoY") revenue and gross profit growth across all business areas and market clusters. Q3 2019 revenue growth was 66% and gross profit growth was 27% compared to Q3 2018.
Adjusted EBITDA in Q3 2019 increased by NOK 29m (compared to Q3 2018) to NOK 34m. The YoY EBITDA increase in Q3 2019 was driven by all market clusters and business areas, except for SAM.
Financial Key figures for Q3 2019:
- Revenue of NOK 2,559m in Q3 2019, 66% growth from NOK 1,546m in Q3 2018
- Gross profit of NOK 393m in Q3 2019, 27% growth from NOK 310m in Q3 2018
- Adjusted EBITDA of NOK 34m in Q3 2019, NOK +29m from NOK 5m in Q3 2018
- Net income of NOK -18m in Q3 2019, NOK +13m from NOK -31m in Q3 2018
The interim financial report and presentation for Q3 2019 are enclosed. The report, presentation, and webcast of the presentation will be made available at https://www.crayon.com/en/about-us/investor-relations/
For further queries, please contact:
Torgrim Takle, Chief Executive Officer
Crayon Group Holding ASA
Tel.: +47 95 14 07 82
Email: torgrim@crayon.com
Magnus Hofshagen, VP Corporate Development & IR
Crayon Group Holding ASA
Tel.: +47 48 49 91 95
Email: magnus.hofshagen@crayon.com
About Crayon
Crayon Group Holding ASA is a leading IT advisory firm in software and digital transformation services. With unique IP tools and skilled employees, Crayon help optimize its clients' ROI from complex software technology investments. Crayon have long experience within volume software licensing optimization, digital engineering, predictive analytics and assists the clients through all phases of the process of a digital transformation. Headquartered in Oslo, Norway, the company has approximately 1,500 employees in 55 offices worldwide.