Crayon Group Holding — Earnings Release 2021

Oct 26, 2021

Crayon Group Holding ASA: Financial results for Q3 2021

Crayon Group Holding ASA: Financial results for Q3 2021

Oslo, 26 October 2021 at 07:00 CET: Crayon Group Holding ASA ("Crayon" or the "Company", OSE ticker code "CRAYON") today reported a gross profit of NOK 641.8m in its third-quarter earnings, representing 29% gross profit growth from Q3 2020.

The strong results were driven by growth across all business areas and strategic markets, including a record-breaking quarter in Crayon’s channel business.

“This quarter highlights the scalability of our business strategy which has remained unchanged in its customer-centric approach in the past two decades,” said Crayon CEO Melissa Mulholland. “It is also extremely encouraging to note that we continue to deliver profitability improvements despite investing significantly across our markets in resources to drive future growth. As a consequence of the strong growth momentum and the anticipated completion of the rhipe acquisition on November 3rd, we are also increasing both our 2021 and our mid-term guidance.”

Key financial figures for Q3 2021:

- Revenue of NOK 5,147m, 40% growth from NOK 3,668m in Q3 2020

- Gross profit of NOK 641.8m,29% growth from NOK 496.3m in Q3 2020

- Adjusted EBITDA of NOK 81.4m, up from NOK 64.0m in Q3 2020

The interim financial report and presentation for Q3 2021 are enclosed.

The report, presentation, and webcast of the presentation will be made available at https://www.crayon.com/investor-relations/

For further queries, please contact:

Melissa Mulholland

Chief Executive Officer

Crayon Group Holding ASA

Tel.: +47 412 91 163

Email: melissa.mulholland@crayon.com

Jon Birger Syvertsen

Chief Financial Officer

Crayon Group Holding ASA

Tel.: +47 97 19 92 51

Email: Jon.Birger.Syvertsen@crayon.com

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 Jon Birger Syvertsen, Chief Financial Officer, Crayon Group Holding ASA, at the date and time as set out above.