Dataproces Group A/S — Earnings Release 2023

May 17, 2022

Dataproces®

Guidance for the financial year 2022/23

17.5.2022 10:48:43 CEST | Dataproces Group A/S | Company Announcement

Company announcement no. 3/2022 - inside information: Dataproces presents guidance for the financial year 2022/23.

The Board of Directors has approved the budget for 2022/23, which contains growth targets in accordance with the Company's strategy. In connection with the Board of Directors' approval of the budget, the Company has provided guidance for 2022/23.

Guidance for the financial year 2022/23:

• Revenue growth of 40-50% on SaaS compared to 2021/22
• ARR growth of 40-50% compared to 2021/22
• Revenue growth on Data Analysis of 40-50% compared to 2021/22
• Revenue of DKK 31-35 million. - growth of 45-65% compared to 2021/22
• Positive EBITDA of DKK 2-6 million.

Dataproces is a software and consulting house, which consists of two business lines; SaaS solutions and Data Analysis. Therefore, our guidance is divided and the strategy focuses on both the overall results and the individual business lines to support each other.

The strategic focus on SaaS solutions remains strong. Based on the pipeline and customer testimonials, we estimate that 2022/23 will be a good year, with more customers using more of our SaaS solutions. Thus, we expect to be able to realize a growth in both revenue in SaaS and in ARR.

When an agreement on Data Analysis is entered into with a municipality, there will be a delay from the agreement to the realization of the revenue. The business line closed the year 2021/22 in a sprint, which means that with a delay in revenue and delayed sales, we look into the financial year 2022/23 with great expectations. With the delayed revenue recognized in our expectations, as well as the effect our initiatives have on our current pipeline, we expect the business line Data Analysis to be back on track for the financial year 2022/23. This is reflected in our growth estimate for the area, as well as in the revenue expectation.

CEO Kjartan Jensen states: "For the financial year 2022/23, I expect strong growth, where the strategy will be our benchmark. We will continue our focus on SaaS throughout 2022/23. At the same time, recent sales developments in data analysis indicate that we are back on track and can expect solid revenue growth."

Contacts

• John Norden, Certified Advisor, +45 20 720 200, IN@nordencef.dk
• Kjartan Jensen, CEO, +45 41 21 05 01, K@Dataproces.dk

About Dataproces Group A/S

Dataproces is an innovative IT and consulting house, specializing in solutions targeted at the Danish municipalities and their digital administration. The solutions range widely from robot technology and SaaS to data analyzes as well as collaboration and consulting. The starting point and purpose are always the same: to use data to create new knowledge, smarter processes and increased efficiency for the benefit of both citizens and municipalities.

Dataproces - we create value with data!

Attachments

• Download announcement as PDF.pdf