Crayon Group Holding — Earnings Release 2019

Aug 13, 2019

Crayon Group Holding ASA: Financial results for Q2 2019

Crayon Group Holding ASA: Financial results for Q2 2019

Oslo, 13 August 2019: Crayon Group Holding ASA ("Crayon" or the "Company", OSE ticker code "CRAYON") reports a sixth consecutive quarter of strong year-over-year ("YoY") organic revenue and gross profit growth across all business areas and market clusters. Q2 2019 revenue growth was 43% and gross profit growth was 21% compared to Q2 2018.

Adjusted EBITDA in Q2 2019 increased by NOK 32m (compared to Q2 2018) to NOK 124m. The YoY EBITDA increase in Q2 2019 was driven by all market clusters and business areas, except for SAM. EBITDA is affected due to IFRS 16 by NOK +9.7m.

Financial Key figures for Q2 2019:

- Revenue of NOK 4,236m in Q2 2019, 43% growth from NOK 2,967m in Q2 2018

- Gross profit of NOK 494m in Q2 2019, 21% growth from NOK 408m in Q2 2018

- Adjusted EBITDA of NOK 124m in Q2 2019, NOK +32m from NOK 92m in Q2 2018

- Net income of NOK 56m in Q2 2019, NOK +8m from NOK 49m in Q2 2018

The interim financial report and presentation for Q2 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

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 1,400 employees in 45 offices worldwide.