Crayon Group Holding — Earnings Release 2019

Feb 11, 2020

Crayon Group Holding ASA: Financial results for Q4 2019

Crayon Group Holding ASA: Financial results for Q4 2019

Oslo, 11 February 2020: Crayon Group Holding ASA ("Crayon" or the "Company", OSE ticker code "CRAYON") reports the eight consecutive quarter of year-over-year ("YoY") organic revenue and gross profit growth across all business areas and market clusters. Q4 2019 revenue growth was 54% and gross profit growth was 15% compared to Q4 2018.

Adjusted EBITDA in Q4 2019 increased by NOK 20m (compared to Q4 2018) to NOK 98m.

Financial Key figures for Q4 2019:

- Revenue of NOK 4,228m in Q4 2019, 54% growth from NOK 2,740m in Q4 2018

- Gross profit of NOK 527m in Q4 2019, 15% growth from NOK 459m in Q4 2018

- Adjusted EBITDA of NOK 98m in Q4 2019, NOK +20m from NOK 78m in Q4 2018

The interim financial report and presentation for Q4 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.