SUMMARY FOR FINANCIAL YEAR 2022 Q1
Financial Highlights
- Net sales in Q1 were
SEK 21.2m , corresponding to a 110% increase compared with the same period in 2020 (SEK 10.1m).
- Recurring revenues increased by 26%. Underlying organic sales growth on a proforma basis of 3.4%.
-
Normalised EBITDA (EBITDA before non-recurring items and FX translation) was
SEK 0.9m compared to the same period in 2020 (SEK 2.4m). As we indicated at the beginning of the year, the company is investing for future growth which has led to the decrease in Normalised EBITDA.
-
EBITDA of
SEK 0.0m compared to the same period in 2020 (SEK 2.0m).
-
Net loss was
SEK -2.6m compared with a profit in the same period in 2020 (SEK 0.1m).
-
Basic earnings per share (weighted) amounted to
SEK -0.04 (SEK 0.00 ).
-
Operating cashflow in Q1 was
SEK -8.4m .
Operational Highlights
- 190 new agreements were signed by the group in FY2022 Q1 with a value of
SEK 23.7m
-
Total contract value of
SEK 81.9m at the end of Q1 compared withSEK 76.7m at the end of the previous quarter.
Bruce Morrison joined as Chief Financial Officer.
Gareth Burton andMelanie Dawson joined as board members.
Significant Events after the Period
- There have been no significant events after the end of the period.
The 2022 Q1 Interim Report for 1 July to
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