26.4.2022 09:22:05 CEST | SmartCraft ASA | Annual financial and audit reports
26 April 2022 - SmartCraft ASA today published its Annual Report and
Sustainability Report for 2021. The report follows enclosed together with the
company's annual financial statements in European Single Electronic Format
(ESEF). The documents are also available on the Company's website.
"2021 was SmartCraft's first year as a listed company, and we delivered well on
our clear strategy to continue our organic and M&A driven growth combined with
high profitability and strong cash flow," said CEO of SmartCraft Gustav Line.
During 2021 SmartCraft acquired HomeRun and Kvalitetskontroll, broadening the
geographical footprint and strengthening the product portfolio. The revenue
growth was strong, whereas the adjusted EBITDA margin in 2021 was 40%, in line
with SmartCraft's medium-term guiding. At the end of 2021, SmartCraft's Annual
Recurring Revenue (ARR) was NOK 266.8 million, a yearly growth of 30 percent.
"We see tremendous opportunities in leading the digitalization of small and
medium sized construction- and craftsmen companies. We expect that the potential
market size, once fully penetrated, is around NOK 10.5 billion in the Nordics
alone. This implies an expected 15% annual growth in the period 2020-2025," said
Gustav Line.
SmartCraft's medium-term targets is annual organic revenue growth of 15-20% and
growing EBITDA margins due to scalability of the business.
DISCLOSURE REGULATION
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation, and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act.
The stock exchange announcement was published by the contact person, at the date
and time as set out above.
CONTACTS
* Gustav Line, CEO, +47 952 67 104, gustav.line@smartcraft.no
ABOUT SMARTCRAFT ASA
SmartCraft is the leading Nordic provider of mission-critical SaaS solutions to
SME's in the construction sector. The company's business model is highly
scalable, based on 94% recurring revenue and low churn. The construction sector
is among the least digitalized industries and represents a NOK 10.5bn software
market in the Nordics, growing at a double-digit rate. SmartCraft's solutions
help customers to increase their productivity, margins, and resource efficiency.
ATTACHMENTS
smartcraftasa_2021_12_31_en.zip -
https://kommunikasjon.ntb.no/ir-files/17847761/1377/1855/smartcraftasa_2021_12_3
1_en.zip
SmartCraft Annual Report 2021.pdf -
https://kommunikasjon.ntb.no/ir-files/17847761/1377/1856/SmartCraft%20Annual%20R
eport%202021.pdf