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Crayon Group Holding — Earnings Release 2020
Oct 28, 2020
3573_rns_2020-10-28_9f1c2e70-a7fa-4bde-9f3a-c407ac5541e6.html
Earnings Release
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Crayon Group Holding ASA: Financial results for Q3 2020
Crayon Group Holding ASA: Financial results for Q3 2020
Oslo, 28 October 2020: Crayon Group Holding ASA ("Crayon" or the "Company", OSE ticker code "CRAYON") reports the 11th consecutive record-breaking quarter with double-digit year-over-year organic revenue and gross profit growth across all business areas and market clusters, and with record-breaking EBITDA and cash flow.
“We are pleased to deliver another strong quarter for Crayon. Our strategic approach of focusing on value creation through AI, machine learning, cloud economics and a multicloud approach is in increasing demand and that further strengthens the outlook for the company,” says Crayon CEO Torgrim Takle.
Key financial figures for Q3 2020:
- Revenue of NOK 3,668m, 47% growth from NOK 2,559m in Q3 2019
- Gross profit of NOK 496m, 26% growth from NOK 391m in Q3 2019
- Adjusted EBITDA of NOK 64m, 86% growth from NOK 34m in Q3 2019
The interim financial report and presentation for Q3 2020 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: [email protected]
Jon Birger Syvertsen
Chief Financial Officer,
Crayon Group Holding ASA
Tel.: +47 97 19 92 51
Email: [email protected]
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 1,800 employees in 50 offices worldwide.