Crayon Group Holding — Earnings Release 2022

Aug 17, 2022

Crayon Q2 2022 results

Crayon Q2 2022 results

Crayon Group Holding ASA (OSE: CRAYN) today reported a record second-quarter result, with gross sales, gross profit, and adjusted EBITDA at an all-time high, driven largely by growth across all business areas and continued international scaling.

Highlights include:

- Gross sales NOK 12,309m, up 53% YoY

- Gross profit NOK 1,130m, up 39% YoY

- Adj. EBITDA NOK 330m, up 29%

- EBIT of NOK 253m, up 15%

- Net income NOK 11.5m

“These results exemplify the resiliency of our business model which was built on the backbone of a customer-first culture, innovation at its core, and staying focused on supporting our customers with licensing and software cost-savings as well as increasing the share of wallet with cloud-based services,” said Crayon CEO Melissa Mulholland.

The financial report and presentation for Q2 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:

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 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.

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 information was submitted, through the agency of the above contact person, for publication at the date and time as set out above.