Crayon Group Holding — Earnings Release 2022

Oct 25, 2022

Crayon Q3 2022 results

Crayon Q3 2022 results

Crayon Group Holding ASA (OSE: CRAYN) today reported its third-quarter results that demonstrate strong performance with growth across all markets, driven both by Crayon’s continued growth investments worldwide and high market demand.

Highlights include:

- Gross sales NOK 7,774m, up 51% YoY

- Gross profit NOK 993m, up 55% YoY

- Adj. EBITDA NOK 127m, up 57%

“This rise in demand for IT services, combined with our customer-centric and agile approach, has fueled our growth this quarter across all business areas,” said Crayon CEO Melissa Mulholland. “Our results reflect how enterprises globally are increasing digital initiatives in response to the current economic environment.”

The financial report and presentation for Q3 2022 are enclosed and available at https://www.crayon.com/investor-relations/

CEO Melissa Mulholland and CFO Jon Birger Syvertsen will present the results in a live webcast at 8:30 am CET that can be accessed at www.crayon.com/investor-relations. It will be possible to submit questions online.

A recording of the webcast will be available on-demand after the live event has concluded.

For further queries, please contact:

Kjell Arne Hansen

Head of Investor Relations

Email: kjellarne.hansen@crayon.com

Tel.: +47 95 04 03 72

About Crayon:

Crayon is a customer-centric innovation and IT services company with over 3,300 team members across 47 countries. We optimize businesses’ IT estate to help them innovate with expertise they can trust. Our services create value for companies to thrive today, and scale for tomorrow. For more information, visit www.crayon.com.