Crayon Group Holding — Earnings Release 2022

May 11, 2022

Crayon Q1 2022 results

Crayon Q1 2022 results

Crayon Group Holding ASA (OSE: CRAYN) today reported its highest ever first-quarter gross profit with profitable growth and margin expansion across all markets.

The strong results were driven largely by growth within Software & Cloud Channel and Consulting as well as increased international scale, which contributed to margin improvements and earnings growth.

Highlights:

- Gross sales NOK 8,536m up 55% YoY

- Gross profit NOK 929m, up 46% YoY

- Adj. EBITDA NOK 146m, up 57% with an improved margin of 15.7% (14.7%)

- Net income NOK 74.5m corresponding to an EPS of NOK 0.86 for Q1 2022, up 353% YoY

“As we celebrate our 20th anniversary, Crayon has never been in a better position to create value for stakeholders globally,” said Crayon CEO Melissa Mulholland. “We continually strengthen and scale our services and innovation. I am so proud of the team because this record first quarter is a testament to the success of our strategy which hasn’t changed since we were founded: We put our customers and partners first.”

The financial report and presentation for Q1 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.

(Correction: Minor typo in Note 8 to the financial statements)

Investor contact:

Magnus Granerød

IR Manager

ir@crayon.com

+47 922 38 407

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.