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Crayon Group Holding — Earnings Release 2021
Aug 11, 2021
3573_rns_2021-08-11_411ae724-cfd8-4bd9-9448-6bf6b1f8f68e.html
Earnings Release
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Crayon Group Holding ASA: Financial results for Q2 2021
Crayon Group Holding ASA: Financial results for Q2 2021
Oslo, 11 August 2021: Crayon Group Holding ASA ("Crayon" or the "Company", OSE ticker code "CRAYON") reported its second-quarter earnings today that had a year over year revenue growth of 32 percent and strong margin improvements, resulting in a 49% year over year increase in Adjusted EBITDA .
The increase was driven by the ongoing acceleration of Crayon’s service offerings and its significant growth in global markets.
“Our customer-centric approach has helped drive our strong financial results as more companies adopt a strategic approach to their IT spend,” said CEO Melissa Mulholland. “We are committed to using our expertise in innovation and services to best help our customers and partners be successful.”
Key financial figures for Q2 2021:
- Revenue of NOK 8,071m, 32% growth from NOK 6,095m in Q2 2020
- Gross profit of NOK 812m,22% growth from NOK 666m in Q2 2020
- Adjusted EBITDA of NOK 256m, 49% growth from NOK 171m in Q2 2020
- Net income of NOK 165m, up from NOK 102,6 in Q2 2020
The interim financial report and presentation for Q2 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: [email protected]
Jon Birger Syvertsen
Chief Financial Officer
Crayon Group Holding ASA
Tel.: +47 97 19 92 51
Email: [email protected]