Crayon Group Holding — Earnings Release 2020

Aug 11, 2020

Crayon Group Holding ASA: Financial results for Q2 2020

Crayon Group Holding ASA: Financial results for Q2 2020

Oslo, 11 August 2020: Crayon Group Holding ASA ("Crayon" or the "Company", OSE ticker code "CRAYON") reports the best-ever financial quarterly results 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 continue to see organizations investing in technology and cloud solutions to improve business resilience and digital capability, resulting in increased demand for Crayon’s products and services and a strengthened outlook for the company “, says Crayon CEO Torgrim Takle.

Key financial figures for Q2 2020:

- Revenue of NOK 6,095m, 44% growth from NOK 4,243m in Q2 2019

- Gross profit of NOK 666m, 35% growth from NOK 494m in Q2 2019

- Adjusted EBITDA of NOK 171m, NOK +47m from NOK 124m in Q2 2019

- Net income of NOK 103m, NOK +57m from NOK 56m in Q2 2019

The interim financial report and presentation for Q2 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: Torgrim@crayon.com

Jon Birger Syvertsen

Chief Financial Officer, Crayon Group Holding ASA

Tel.: +47 97 19 92 51

Email: Jon.Birger.Syvertsen@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 1,600 employees in 55 offices worldwide.