Crayon Group Holding — Earnings Release 2025

May 21, 2025

Solid growth in international markets and continued strong working capital performance

Solid growth in international markets and continued strong working capital performance

Crayon Group Holding ASA today reported its results for the first quarter 2025. The company delivered a gross profit growth of 5 percent and an adjusted EBITDA margin of 12.1 percent. Not least, the company delivered strong net working capital of NOK minus 1,486.   

“I’m pleased with our solid international growth this quarter and that we continue to demonstrate our ability to deliver strong net working capital. However, the performance in parts of the Nordics was disappointing, consequently impacting our overall figures,” said CEO Melissa Mulholland.

“Going forward, we are well positioned to drive continued profitable growth based on market position, strong CSP capability and service offering. As we experience strong demand, not least in the public sector, we are scaling up and onboarding new colleagues across key markets. At the same time, we are preparing for the combination of SoftwareOne and Crayon, which will further enable us to capitalize on our mutual strengths, not least our hyperscaler partnerships, including with Microsoft, Google and AWS,” said Mulholland.

Key figures 

Gross Profit  NOK 1,546m

Adjusted EBITDA NOK 186m

Net Working Capital  NOK -1,486m​

The financial report and presentation for Q1 2025 are enclosed and available at  https://www.crayon.com/investor-relations. CEO Melissa Mulholland and CFO Brede Huser 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.

To join the conference call by telephone and ask questions, please use the information below:

Dial in numbers: 

DK: +45 7876 8490 

SE: +46 8 1241 0952 

NO: +47 2195 6342 

UK: +44 203 769 6819 

US: +1 646-787-0157 

DE: +49 30 21789327 

Conference Code: 115901 

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

Investor contact: 

Kjell Arne Hansen 

Head of Investor Relations and Corporate Finance 

ir@crayon.com 

About Crayon

Crayon is a customer-centric innovation and IT services company with over 4000 team members across 46 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.