Total equity attributable to parent company shareholders
557.8
539.4
581.4
552.3
590.9
575.6
590.5
604.6
593.5
674.1
1,014.7
998.1
1,099.8
1,106.9
1,344.1
1,229.8
Non-controlling interests
8.2
10.4
11.1
6.2
-4.6
-7.5
-6.5
-10.6
-8.1
-12.9
-7.0
-7.4
3.3
1.8
18.5
19.0
Total shareholders' equity
566.0
549.8
592.5
558.5
586.3
568.1
584.0
594.1
585.4
661.2
1,007.8
990.7
1,103.2
1,108.7
1,362.6
1,248.9
Bond loan
442.1
444.7
445.3
445.9
446.6
447.2
447.9
448.6
293.2
293.7
294.0
294.6
295.2
295.8
296.4
297.1
Derivative financial liabilities
3.6
-0.4
-3.0
-2.7
3.3
-1.2
-1.7
-0.3
0.1
13.9
-0.0
-0.0
-0.0
-0.0
-0.0
-0.0
Deferred tax liabilities
-6.1
-19.4
32.9
31.2
30.3
28.5
31.6
31.2
29.7
31.8
28.4
23.7
21.5
19.1
16.8
13.9
Lease liabilities
- 0
- 0
- 0
- 0
- 0
88.7
108.4
118.0
95.5
102.9
95.8
108.6
95.3
85.0
104.8
96.2
Other long-term liabilities
7.2
7.2
14.4
11.6
25.0
18.3
46.0
38.2
42.0
42.7
76.2
72.7
47.5
47.8
71.2
61.7
Total long-term liabilities
446.8
432.0
489.6
485.9
505.1
581.4
632.2
635.7
460.5
485.0
494.3
499.7
459.6
447.7
489.3
468.8
Accounts payable
1,600.6
1,002.6
1,913.3
934.5
1,787.3
1,352.6
3,079.2
1,287.7
2,361.2
2,309.0
4,702.6
2,252.5
3,560.0
3,147.0
5,341.2
3,106.0
Income taxes payable
9.0
0.3
6.7
1.8
20.3
14.5
14.5
22.1
24.4
25.1
39.5
38.3
49.8
41.4
60.6
64.4
Public duties
229.1
156.1
254.2
88.7
209.6
190.5
311.2
204.9
235.2
156.2
286.4
97.0
250.9
66.4
561.9
330.1
Current lease liabilities
- 0
- 0
- 0
- 0
- 0
14.7
11.5
4.5
26.1
29.2
29.6
31.2
31.2
29.3
31.6
31.3
Other short-term interest bearing debt
- 0
- 0
- 0
- 0
40.0
46.9
12.5
42.5
45.1
50.1
57.1
67.3
75.9
107.3
100.2
1,890.0
Other current liabilities
194.4
182.1
252.7
221.7
286.5
272.5
288.8
305.9
440.7
479.7
545.2
441.0
784.0
727.3
820.0
832.7
0
Total current liabilities
2,033.1
1,341.1
2,426.9
1,246.6
2,343.8
1,891.6
3,717.5
1,867.6
3,132.7
3,049.4
5,660.4
2,927.3
4,751.9
4,118.7
6,915.6
6,254.5
Total liabilities
2,479.9
1,773.1
2,916.5
1,732.5
2,848.9
2,473.1
4,349.8
2,503.3
3,593.2
3,534.4
6,154.8
3,426.9
5,211.5
4,566.4
7,404.8
6,723.2
Total equity and liabilities
3,045.9
2,322.9
3,508.9
2,291.0
3,435.2
3,041.2
4,933.8
3,097.3
4,178.6
4,195.6
7,162.5
4,417.6
6,314.6
5,675.1
8,767.4
7,972.1
Cash Flow Statement
NOK (Millions)
Q1 2017
Q2 2017
Q3 2017
Q4 2017
2017
Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
Q1 2019
Q2 2019
Q3 2019
Q4 2019
2019
Q1 2020
Q2 2020
Q3 2020
Q4 2020
2020
Q1 2021
Q2 2021
Q3 2021
Cash flow from operating activities
Net income before tax
-26.8
23.8
-63.4
12.7
-53.7
-18.2
64.7
-34.8
42.0
53.8
-9.6
59.2
-8.2
-31.8
9.6
-41.5
131.8
-22.7
126.0
193.7
29.0
184.1
-127.7
Taxes paid
-9.5
-1.4
-3.3
2.3
-11.9
-6.6
-6.4
-3.9
-6.7
-23.6
-8.3
-2.6
-3.3
-16.3
-30.5
-10.2
-5.1
-5.3
-13.8
-34.5
-15.4
-9.8
-27.1
Depreciation and amortisation
15.3
17.1
16.2
23.1
71.7
17.7
18.5
19.5
20.9
76.5
26.4
28.9
27.9
89.6
172.9
32.6
34.6
35.9
37.2
140.3
36.1
39.8
41.3
Net interest to credit institutions and interest to bond loan
12.3
15.1
12.4
10.9
50.6
8.8
8.8
9.8
7.8
35.2
11.8
11.9
11.6
12.9
48.1
12.4
4.7
7.5
8.2
32.7
7.7
8.1
22.8
Changes in inventory, accounts receivable/payable
-80.1
-63.9
-11.1
188.1
33.1
-184.1
-127.1
112.4
90.8
-107.9
-239.5
534.6
-611.3
207.2
-109.0
98.7
760.5
-942.4
447.3
364.1
-185.6
141.3
-280.4
Changes in other current assets
-50.4
161.6
-160.7
112.5
63.0
-68.9
155.7
-204.5
198.5
80.8
-18.9
42.6
-56.8
133.1
99.9
24.7
163.6
-313.4
370.6
245.4
-272.8
266.5
-172.8
Net cash flow from operating activities
-139.1
152.3
-210.0
349.6
152.9
-251.2
114.2
-101.6
353.3
114.7
-238.1
674.5
-640.1
394.6
191.0
116.8
1090.0
-1240.5
975.4
941.6
-401.0
629.9
-543.8
Cash flow from investing activities
Acquisition of assets
-10.1
-14.5
-11.4
-37.5
-73.5
-21.4
-18.6
-14.2
-15.3
-69.5
-19.4
-22.5
-12.3
-31.0
-85.2
-18.7
-28.8
-17.7
-28.7
-94.0
-13.5
-21.5
-18.2
Acquisition of subsidiaries - (net of cash acquired) and associated companies
- 0
- 0
- 0
0.4
0.4
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
-122.6
-36.0
Net cash flow from investing activities
-10.1
-14.5
-11.4
-37.5
-73.5
-21.4
-18.6
-14.2
-15.3
-69.5
-19.4
-22.5
-12.3
-31.0
-85.2
-18.7
-28.8
-17.7
-28.7
-94.0
-13.5
-144.1
-54.2
Cash flow from financing activities
Net interest paid to credit institutions and interest to bond loan
-12.7
-14.9
-13.6
-15.7
-57.0
-9.8
-10.0
-11.9
-9.1
-40.7
-8.3
-8.4
-11.8
-27.0
-55.6
-10.5
-21.1
-6.0
-6.3
-43.9
-5.1
-7.5
-3.7
New equity
- 0
- 0
- 0
348.6
348.6
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
35.0
35.0
296.6
- 0
63.2
359.8
- 0
Acquistion of non-controlling interests
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
-10.8
-10.5
-10.3
0.1
-31.5
7.8
1.2
-0.4
8.5
-3.8
-1.4
Proceeds from issuance of interest bearing debt
- 0
591.6
-1.9
- 0
589.7
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
300.0
300.0
33.9
- 0
- 0
33.9
- 0
Repayment of interest-bearing debt
- 0
-571.8
-100.5
-155.3
-827.7
- 0
- 0
- 0
- 0
- 0
-6.8
-9.7
-7.6
-464.9
-488.8
-9.8
-10.5
-11.3
-11.2
-42.9
-11.4
-14.0
-13.0
Change in other long-term debt
0.1
-9.7
0.6
5.6
-3.4
- 0
7.1
-2.9
-3.6
0.6
-2.9
0.0
5.8
-5.5
-2.7
-0.3
1.0
-2.1
-2.4
-3.8
Purchase of own shares
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
0.0
- 0
- 0
Net cash (used in) provided by financing activities
-12.6
-4.8
-115.4
183.2
50.3
-9.8
-2.9
-14.8
-12.7
-40.1
-28.8
-28.5
-24.0
-162.4
-243.7
-12.8
300.0
-18.3
42.8
311.7
-20.3
-21.6
-18.1
Net increase (decrease) in cash and cash equivalents
-161.8
133.0
-336.8
495.3
129.7
-282.4
92.7
-130.6
325.4
5.1
-286.3
623.5
-676.4
201.3
-137.9
85.2
1361.2
-1276.5
989.5
1159.3
-434.9
464.3
-616.2
Cash and cash equivalents at beginning of period
227.9
66.5
204.7
-136.4
227.9
368.4
76.4
165.5
33.9
368.4
379.3
84.0
707.8
40.1
379.3
238.8
330.4
1689.4
412.8
238.8
1394.1
962.1
1414.6
Currency translation on cash and cash equivalents
0.5
5.2
-4.3
9.6
10.9
-9.6
-3.7
-1.1
20.0
5.7
-9.0
0.2
8.7
-2.6
-2.6
6.4
-2.2
-0.1
-8.2
-4.0
2.8
-11.7
-2.1
Cash and cash equivalents at end of period
66.5
204.7
-136.4
368.4
368.4
76.4
165.5
33.9
379.3
379.3
84.0
707.8
40.1
238.8
238.8
330.4
1689.4
412.8
1394.1
1394.1
962.1
1414.6
796.3
Income Statement-Market Cluster
NOK (Millions)
Q1 2017
Q2 2017
Q3 2017
Q4 2017
2017
Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
Q1 2019
Q2 2019
Q3 2019
Q4 2019
2019
Q1 2020
Q2 2020
Q3 2020
Q4 2020
2020
Q1 2021
Q2 2021
Q3 2021
Operating Revenue
Nordics
889.7
1,134.2
615.1
1,342.8
3,981.8
1,154.7
1,473.0
801.8
1,691.8
5,121.3
1,545.4
1,591.1
993.8
1,964.4
6,094.8
1,829.7
2,187.3
1,356.8
2,446.0
7,819.9
2,391.5
2,774.9
1,776.5
Europe
202.6
812.4
216.9
499.4
1,731.4
277.7
771.6
374.0
407.5
1,830.8
443.2
1,067.7
602.2
867.2
2,980.3
850.8
1,625.0
854.6
1,444.0
4,774.4
1,128.2
2,365.8
1,492.1
APAC & MEA
211.0
341.2
368.2
361.9
1,282.3
312.3
609.5
310.5
548.9
1,781.2
444.1
1,043.8
587.7
776.9
2,852.5
838.3
1,330.1
950.9
1,133.6
4,252.8
1,162.1
1,847.5
1,294.0
US
72.3
139.6
66.3
93.6
371.8
127.1
225.5
147.9
188.2
688.8
246.1
608.3
374.1
650.2
1,878.8
736.5
1,031.2
572.9
717.3
3,057.8
910.0
1,172.6
686.9
HQ
5.8
27.7
19.3
35.0
87.8
18.7
22.6
26.2
23.2
90.7
11.4
11.5
11.6
11.8
46.2
13.9
13.5
13.4
13.3
54.0
16.2
15.5
16.5
Eliminations
-22.9
-53.4
-36.1
-41.0
-153.4
-57.8
-69.8
-67.9
-61.4
-256.9
-50.8
-79.8
-69.0
-34.9
-234.5
-65.2
-92.0
-80.5
-121.9
-359.5
-85.5
-105.0
-118.8
Adjustments
- 0
- 0
- 0
- 0
- 0
-37.6
-65.5
-46.6
-58.6
-208.3
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Operating Revenue
1,358.5
2,401.7
1,249.7
2,291.7
7,301.7
1,795.1
2,966.9
1,545.9
2,739.6
9,047.5
2,639.3
4,242.7
2,500.3
4,235.7
13,618.0
4,204.0
6,095.0
3,668.1
5,632.3
19,599.5
5,522.5
8,071.3
5,147.2
Gross profit
Nordics
175.4
213.1
138.5
236.2
763.2
197.4
249.4
176.0
282.3
905.1
241.1
286.8
210.5
297.5
1,036.0
299.9
352.0
235.4
348.2
1,235.5
346.2
411.3
320.0
Europe
42.6
74.0
40.3
58.7
215.6
52.6
81.0
60.0
76.8
270.4
60.9
100.1
79.6
113.6
354.3
89.2
142.5
113.9
150.9
496.5
120.0
178.5
142.2
APAC & MEA
18.3
28.3
16.5
27.6
90.7
24.6
34.4
25.2
48.3
132.5
42.2
53.8
51.3
50.4
197.7
61.4
96.3
64.6
81.4
303.7
80.4
121.7
79.4
US
32.1
40.5
29.9
30.5
133.0
33.8
39.6
39.9
41.8
155.0
41.7
58.5
57.0
65.2
222.3
67.3
81.8
80.9
88.5
318.5
90.3
104.5
109.0
HQ
13.3
13.6
15.0
21.7
63.5
14.8
15.9
20.3
21.9
72.9
22.4
10.2
10.0
12.3
54.9
14.7
15.1
17.9
15.2
62.9
16.1
15.4
16.7
Eliminations
-11.9
-12.9
-12.4
-13.0
-50.2
-13.3
-12.7
-11.5
-12.2
-49.7
-13.1
-15.6
-15.3
-12.4
-56.4
-17.2
-21.8
-16.5
-16.9
-72.3
-18.1
-19.8
-25.5
Total gross profit
269.8
356.6
227.8
361.7
1,215.8
309.7
407.5
309.8
459.0
1,486.1
395.3
493.7
393.1
526.6
1,808.7
515.2
665.8
496.3
667.4
2,344.8
634.9
811.6
641.8
Adjusted EBITDA
Nordics
28.8
61.1
18.3
72.3
180.5
41.1
93.2
37.3
94.5
266.1
63.5
107.9
60.9
102.7
335.0
94.4
143.6
66.8
110.4
415.2
123.4
156.0
102.9
Europe
-10.7
12.8
-13.1
-3.6
-14.5
-10.0
14.0
-3.7
2.6
2.9
-9.6
28.3
3.5
13.4
35.6
-11.0
27.4
8.1
30.8
55.3
-0.0
54.8
2.9
APAC & MEA
-1.1
8.2
-3.9
2.5
5.7
-0.7
2.8
-10.9
13.2
4.3
1.5
8.3
-3.9
5.5
11.4
-4.6
32.1
2.9
16.0
46.4
1.7
61.9
-5.2
US
-4.1
3.5
-9.0
-3.6
-13.2
-4.5
0.8
-11.4
-6.2
-21.3
-9.9
3.5
-1.8
-0.3
-8.6
-10.2
-0.4
5.2
9.1
3.7
-0.3
16.2
9.6
HQ
-8.0
-8.2
-1.7
-9.9
-27.9
-12.7
-18.9
-5.9
-26.4
-63.9
-9.7
-23.6
-24.5
-23.4
-81.2
-28.0
-31.5
-19.0
-29.1
-107.7
-31.7
-33.0
-28.9
Eliminations
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Adjusted EBITDA
4.9
77.3
-9.3
57.7
130.6
13.3
91.8
5.3
77.7
188.1
35.8
124.3
34.3
97.9
292.2
40.6
171.2
64.0
137.2
412.9
93.0
255.8
81.4
Income Statement-Business Area
NOK (Millions)
Q1 2017
Q2 2017
Q3 2017
Q4 2017
2017
Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
Q1 2019
Q2 2019
Q3 2019
Q4 2019
2019
Q1 2020
Q2 2020
Q3 2020
Q4 2020
2020
Q1 2021
Q2 2021
Q3 2021
Operating Revenue
Software & Cloud Direct
790.0
1,774.5
694.9
1,597.0
4,856.5
1,142.4
2,238.0
837.4
1,878.9
6,096.7
1,721.0
3,209.5
1,344.8
2,711.2
8,986.5
2,587.8
4,342.9
2,094.3
3,907.6
12,932.7
3,810.5
6,151.5
3,193.1
Software & Cloud Channel
394.2
473.3
414.7
492.5
1,774.7
525.7
619.4
593.0
683.9
2,422.0
706.6
846.9
980.8
1,216.2
3,750.4
1,291.2
1,413.8
1,292.0
1,384.7
5,381.7
1,339.7
1,460.4
1,554.0
Software & Cloud Economics
75.2
85.4
67.6
82.4
310.7
78.6
83.5
85.4
107.2
354.7
93.1
103.3
98.1
140.8
435.3
115.9
123.2
131.3
156.4
526.8
136.6
156.6
150.1
Consulting
101.0
101.4
87.5
123.9
413.9
121.9
133.7
113.8
159.0
528.5
155.9
150.3
132.3
187.9
626.4
250.2
276.4
213.5
302.1
1,042.2
302.7
392.2
349.8
Admin
21.0
20.4
21.0
36.9
99.4
21.8
27.6
30.9
30.5
110.8
13.6
12.4
13.5
14.4
53.9
24.0
30.7
17.6
3.3
75.6
18.5
15.6
19.0
Eliminations
-22.9
-53.4
-36.1
-41.0
-153.4
-57.8
-69.8
-67.9
-61.4
-256.9
-50.8
-79.8
-69.0
-34.9
-234.5
-65.2
-92.0
-80.5
-121.9
-359.5
-85.5
-105.0
-118.8
Adjustments
- 0
- 0
- 0
- 0
-37.6
-65.5
-46.6
-58.6
-208.3
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Operating Revenue
1,358.5
2,401.7
1,249.7
2,291.7
7,301.7
1,795.1
2,966.9
1,545.9
2,739.6
9,047.5
2,639.3
4,242.7
2,500.3
4,235.7
13,618.0
4,204.0
6,095.0
3,668.1
5,632.3
19,599.5
5,522.5
8,071.3
5,147.2
Gross profit
Software & Cloud Direct
87.5
166.4
65.1
151.4
470.4
107.5
187.9
95.5
193.5
584.4
130.3
231.4
144.6
200.8
707.2
183.7
294.7
166.1
267.4
911.8
230.3
345.0
209.1
Software & Cloud Channel
32.1
35.6
30.6
35.1
133.4
35.4
39.9
44.4
47.0
166.7
49.3
55.0
56.3
59.8
220.4
73.6
83.6
78.6
89.4
325.2
86.5
87.1
94.4
Software & Cloud Economics
68.4
76.3
62.6
75.0
282.2
72.7
75.9
73.0
87.8
309.5
80.9
88.4
83.2
110.0
362.6
100.5
113.7
110.3
125.7
450.2
115.6
127.4
129.7
Consulting
76.3
74.9
65.4
89.5
306.1
89.8
96.4
85.2
115.5
386.9
122.6
122.1
109.9
152.4
507.0
159.4
174.2
137.2
184.7
655.5
201.7
255.1
213.7
Admin
17.3
16.4
16.5
23.7
73.9
17.6
20.1
23.3
27.2
88.2
25.3
12.4
14.4
16.0
68.0
15.2
21.4
20.6
17.2
74.3
19.0
16.8
20.4
Eliminations
-11.9
-12.9
-12.4
-13.0
-50.2
-13.3
-12.7
-11.5
-12.2
-49.7
-13.1
-15.6
-15.3
-12.4
-56.4
-17.2
-21.8
-16.5
-16.9
-72.3
-18.1
-19.8
-25.5
Total gross profit
269.8
356.6
227.8
361.7
1,215.8
309.7
407.5
309.8
459.0
1,486.1
395.3
493.7
393.1
526.6
1,808.7
515.2
665.8
496.3
667.4
2,344.8
634.9
811.6
641.8
Adjusted EBITDA
- 0
Software & Cloud Direct
19.9
93.5
5.0
70.7
189.0
30.8
107.0
15.2
93.9
246.9
48.0
138.6
55.4
102.4
344.5
60.8
166.4
53.9
125.7
406.8
95.0
207.7
65.2
Software & Cloud Channel
13.5
15.6
11.4
9.5
50.1
11.5
16.3
19.2
19.4
66.4
20.7
21.1
19.4
18.7
80.0
28.2
31.8
34.9
41.8
136.7
49.5
52.6
52.7
Software & Cloud Economics
8.5
12.7
-0.4
7.1
27.9
7.1
6.4
-1.6
8.5
20.4
1.7
3.9
0.4
14.1
20.1
-1.2
7.4
13.3
22.6
42.1
11.1
19.9
18.8
Consulting
5.9
1.2
7.4
11.2
25.8
9.5
13.6
10.7
17.9
51.7
22.6
19.9
19.3
31.0
92.7
22.4
31.9
19.0
26.1
99.4
27.8
56.1
31.5
Admin
-42.9
-45.6
-32.6
-40.9
-162.1
-45.5
-51.4
-38.2
-62.1
-197.2
-57.2
-59.2
-60.3
-68.3
-245.1
-69.5
-66.3
-57.2
-79.0
-272.1
-90.3
-80.4
-86.8
Eliminations
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Adjusted EBITDA
4.9
77.3
-9.3
57.7
130.6
13.3
91.8
5.3
77.7
188.1
35.8
124.3
34.3
97.9
292.2
40.6
171.2
64.0
137.2
412.9
93.0
255.8
81.4
Revenue - MC by BA
NOK (Millions)
Q1 2017
Q2 2017
Q3 2017
Q4 2017
2017
Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
Q1 2019
Q2 2019
Q3 2019
Q4 2019
2019
Q1 2020
Q2 2020
Q3 2020
Q4 2020
2020
Q1 2021
Q2 2021
Q3 2021
Nordics
Services
121.4
131.1
105.9
149.4
507.8
143.7
153.4
134.7
184.2
616.0
174.9
170.6
147.7
198.6
691.8
252.2
259.0
209.4
280.3
1,001.0
282.2
346.6
301.5
Software
765.1
1,001.8
508.7
1,192.5
3,468.1
1,009.4
1,317.4
666.5
1,505.1
4,498.3
1,369.4
1,420.7
845.2
1,764.6
5,399.8
1,569.1
1,926.3
1,145.9
2,163.8
6,805.1
2,108.2
2,428.7
1,474.1
Admin
3.2
1.3
0.5
0.9
5.9
1.6
2.2
0.6
2.5
7.0
1.1
-0.1
0.9
1.2
3.1
8.4
2.0
1.6
2.0
13.9
1.2
-0.3
0.9
Nordics revenue
889.7
1,134.2
615.1
1,342.8
3,981.8
1,154.7
1,473.0
801.8
1,691.8
5,121.3
1,545.4
1,591.1
993.8
1,964.4
6,094.8
1,829.7
2,187.3
1,356.8
2,446.0
7,819.9
2,391.5
2,774.9
1,776.5
Europe
Services
20.1
18.1
13.3
24.3
75.8
22.7
26.2
22.1
36.1
107.1
30.5
32.2
26.3
48.3
137.3
43.2
39.8
43.7
66.7
193.4
53.0
59.5
58.4
Software
180.5
793.2
202.7
474.6
1,651.0
253.9
744.4
349.3
369.6
1,717.2
412.1
1,035.1
575.4
818.2
2,840.8
807.0
1,571.0
809.9
1,390.8
4,578.7
1,074.5
2,306.0
1,433.0
Admin
2.0
1.1
0.9
0.6
4.5
1.0
1.0
2.6
1.9
6.5
0.6
0.4
0.5
0.7
2.2
0.6
14.2
1.0
-13.5
2.3
0.6
0.2
0.7
Europe revenue
202.6
812.4
216.9
499.4
1,731.4
277.7
771.6
374.0
407.5
1,830.8
443.2
1,067.7
602.2
867.2
2,980.3
850.8
1,625.0
854.6
1,444.0
4,774.4
1,128.2
2,365.8
1,492.1
APAC & MEA
Services
4.8
4.1
9.1
6.1
24.1
4.7
6.5
6.9
8.2
26.4
8.1
12.2
12.2
27.7
60.0
20.1
42.8
28.2
40.6
131.6
28.6
61.8
57.2
Software
206.2
336.9
358.9
355.9
1,257.9
307.2
602.3
303.2
538.4
1,751.1
435.5
1,031.1
575.2
748.8
2,790.6
817.2
1,286.5
921.1
1,091.5
4,116.4
1,132.8
1,785.1
1,236.0
Admin
0.0
0.2
0.1
- 0
0.3
0.3
0.6
0.4
2.3
3.7
0.5
0.5
0.3
0.5
1.8
1.0
0.8
1.6
1.4
4.8
0.6
0.5
0.8
APAC & MEA revenue
211.0
341.2
368.2
361.9
1,282.3
312.3
609.5
310.5
548.9
1,781.2
444.1
1,043.8
587.7
776.9
2,852.5
838.3
1,330.1
950.9
1,133.6
4,252.8
1,162.1
1,847.5
1,294.0
US
Services
29.9
33.6
26.8
26.5
116.8
29.4
31.1
35.4
37.8
133.7
35.4
38.7
44.2
54.1
172.5
50.5
58.1
63.5
70.9
243.0
75.1
80.4
82.7
Software
42.2
105.9
39.3
66.6
254.1
97.7
194.5
111.7
149.7
553.6
210.5
569.5
329.7
595.8
1,705.5
685.7
972.8
509.4
646.2
2,814.1
834.7
1,092.1
604.0
Admin
0.2
0.1
0.1
0.5
0.9
0.1
-0.1
0.8
0.7
1.5
0.1
0.2
0.2
0.3
0.8
0.3
0.3
-0.0
0.2
0.8
0.2
0.2
0.2
US revenue
72.3
139.6
66.3
93.6
371.8
127.1
225.5
147.9
188.2
688.8
246.1
608.3
374.1
650.2
1,878.8
736.5
1,031.2
572.9
717.3
3,057.8
910.0
1,172.6
686.9
HQ
Services
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
0.1
0.1
0.0
- 0
0.0
0.0
0.1
- 0
0.4
0.2
Software
-9.9
9.9
0.0
- 0
0.1
0.0
-1.2
-0.3
-0.0
-1.5
0.1
0.0
-0.0
-0.0
0.1
-0.0
0.1
-0.0
-0.0
0.1
0.3
- 0
- 0
Admin
15.6
17.8
19.3
35.0
87.7
18.7
23.8
26.6
23.2
92.2
11.3
11.4
11.6
11.7
46.0
13.9
13.4
13.4
13.2
53.9
16.0
15.1
16.4
HQ revenue
5.8
27.7
19.3
35.0
87.8
18.7
22.6
26.2
23.2
90.7
11.4
11.5
11.6
11.8
46.2
13.9
13.5
13.4
13.3
54.0
16.2
15.5
16.5
Group
Services
176.2
186.9
155.2
206.3
724.5
200.5
217.2
199.2
266.3
883.2
248.9
253.7
230.4
328.7
1,061.7
366.1
399.6
344.8
458.6
1,569.0
439.0
548.8
499.9
Software
1,184.2
2,247.8
1,109.7
2,089.5
6,631.2
1,668.2
2,857.5
1,430.4
2,562.7
8,518.7
2,427.6
4,056.4
2,325.5
3,927.4
12,736.9
3,879.0
5,756.7
3,386.3
5,292.3
18,314.3
5,150.5
7,611.9
4,747.1
Admin
21.0
20.4
21.0
36.9
99.3
21.8
27.6
30.9
30.5
110.8
13.6
12.4
13.5
14.4
53.9
24.0
30.7
17.6
3.3
75.6
18.5
15.6
19.0
Eliminations
-22.9
-53.4
-36.0
-41.0
-153.4
-57.8
-69.8
-67.9
-61.4
-256.9
-50.8
-79.8
-69.024
-34.9
-234.5
-65.2
-92.0
-80.5
-121.9
-359.5
-85.5
-105.0
-118.8
Adjustment
-37.6
-65.5
-46.6
-58.6
-208.3
Group revenue
1,358.5
2,401.7
1,249.7
2,291.7
7,301.7
1,795.1
2,966.9
1,545.9
2,739.6
9,047.5
2,639.3
4,242.7
2,500.3
4,235.7
13,618.0
4,204.0
6,095.0
3,668.1
5,632.3
19,599.5
5,522.5
8,071.3
5,147.2
Growth Markets revenue
Start-Ups revenue
USA revenue
72.3
139.6
66.3
93.6
371.8
127.1
225.5
147.9
188.2
688.8
246.1
1,878.8
HQ revenue
5.8
27.7
19.3
35.0
87.8
18.7
22.6
26.2
23.2
90.7
11.4
46.2
elim
-22.9
-53.4
-36.1
-41.0
-153.4
-57.8
-69.8
-67.9
-61.4
-256.9
-50.8
-234.5
adjust
- 0
- 0
- 0
- 0
- 0
-37.6
-65.5
-46.6
-58.6
-208.3
- 0
- 0
Group rev
1,358.5
2,401.7
1,249.7
2,291.7
7,301.7
1,795.1
2,966.9
1,545.9
2,739.6
9,047.5
2,639.3
13,618.0
Nordic Markets revenue
-889.7
-1,134.2
-615.1
-1,342.8
-3,981.8
-1,154.7
-1,473.0
-801.8
-1,691.8
-5,121.3
-1,545.4
-6,094.8
Growth Markets revenue
-202.6
-812.4
-216.9
-499.4
-1,731.4
-277.7
-771.6
-374.0
-407.5
-1,830.8
-443.2
-2,980.3
Start-Ups revenue
211.0
341.2
368.2
361.9
1,282.3
312.3
609.5
310.5
548.9
1,781.2
444.1
2,852.5
USA revenue
-0
0.0
0.0
-0.0
-0.0
-0
-0
-0
-0
-0
-0
-0
HQ revenue
-0
0.0
-0.0
-0.0
-0.0
-0.0
-0
-0
-0.0
-0.0
-0
-0
elim
-0.0
-0.0
0.0
-0
-0
-0
-0
-0
-0
-0
-0
-0
adjust
-0
-0
-0
-0
-0
-0
-0
-0
-0
-0
-0
-0
Group rev
-0.0
-0.0
0.0
-0.0
-0.0
0.0
0.0
-0.0
0.0
0.0
-0
-0
Services
1,184.2
2,247.8
1,109.6
2,089.5
6,631.1
1,668.2
2,857.5
1,430.4
2,562.7
8,518.7
2,427.6
12,736.9
Software
176.2
186.9
155.2
206.3
724.5
200.5
217.2
199.2
266.3
883.2
248.9
1,061.7
Admin
21.0
20.4
21.0
36.9
99.4
21.8
27.6
30.9
30.5
110.8
13.6
53.9
Eliminations
-22.9
-53.4
-36.1
-41.0
-153.4
-57.8
-69.8
-67.9
-61.4
-256.9
-50.8
-234.5
Adjustment
- 0
- 0
- 0
- 0
- 0
-37.6
-65.5
-46.6
-58.6
-208.3
- 0
- 0
Group revenue
1,358.5
2,401.7
1,249.7
2,291.7
7,301.7
1,795.1
2,966.9
1,545.9
2,739.6
9,047.5
2,639.3
13,618.0
Services
1,008.0
2,060.9
954.4
1,883.2
5,906.6
1,467.6
2,640.2
1,231.2
2,296.4
7,635.5
2,178.7
11,675.3
Software
-1,008.0
-2,060.9
-954.5
-1,883.2
-5,906.6
-1,467.6
-2,640.2
-1,231.2
-2,296.4
-7,635.5
-2,178.7
-11,675.3
Admin
-0.0
0.0
0.1
0.0
0.1
-0.0
- 0
0.0
-0.0
-0.0
- 0
- 0
Eliminations
0.0
0.0
-0.0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Adjustment
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Group revenue
-0.0
-0.0
0.0
-0.0
-0.0
0.0
-0.0
-0.0
0.0
0.0
- 0
- 0
Gross Profit - MC by BA
NOK (Millions)
Q1 2017
Q2 2017
Q3 2017
Q4 2017
2017
Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
Q1 2019
Q2 2019
Q3 2019
Q4 2019
2019
Q1 2020
Q2 2020
Q3 2020
Q4 2020
2020
Q1 2021
Q2 2021
Q3 2021
Nordics
Services
93.8
98.7
85.1
111.9
389.5
109.8
115.4
102.6
136.6
464.3
139.6
135.5
121.3
158.6
555.0
168.6
170.4
135.6
173.6
648.2
192.8
226.9
197.3
Software
78.9
113.4
52.8
123.5
368.7
86.4
132.1
73.0
144.9
436.4
100.7
151.3
88.3
137.8
478.0
131.4
179.5
98.2
173.5
582.6
152.3
184.9
121.6
Admin
2.7
0.9
0.6
0.8
5.0
1.2
1.9
0.5
0.8
4.3
0.9
0.0
0.9
1.1
3.0
-0.1
2.1
1.6
1.0
4.6
1.1
-0.5
1.2
Nordics gross profit
175.4
213.1
138.5
236.2
763.2
197.4
249.4
176.0
282.3
905.1
241.1
286.8
210.5
297.5
1,036.0
299.9
352.0
235.4
348.2
1,235.5
346.2
411.3
320.0
Europe
Services
19.3
17.5
13.2
21.8
71.9
21.2
23.7
19.8
28.8
93.5
25.9
29.6
24.5
41.6
121.6
28.3
39.6
34.8
47.4
150.1
40.2
54.9
50.7
Software
21.3
55.5
26.2
36.4
139.3
30.3
56.2
38.8
46.1
171.5
34.6
69.9
54.6
71.7
230.8
59.7
102.3
78.2
102.5
342.8
79.2
122.9
90.7
Admin
2.0
1.1
0.9
0.5
4.4
1.0
1.0
1.5
1.9
5.3
0.4
0.6
0.6
0.3
1.9
1.1
0.6
1.0
1.0
3.7
0.6
0.6
0.7
Europe gross profit
42.6
74.0
40.3
58.7
215.6
52.6
81.0
60.0
76.8
270.4
60.9
100.1
79.6
113.6
354.3
89.2
142.5
113.9
150.9
496.5
120.0
178.5
142.2
APAC & MEA
Services
4.3
3.7
4.4
5.6
18.0
3.9
5.3
5.4
6.7
21.3
6.6
10.7
7.2
15.8
40.4
14.1
24.6
20.3
28.5
87.5
17.2
33.1
25.9
Software
13.9
24.6
12.1
22.0
72.6
20.5
28.9
19.7
40.0
109.2
34.2
42.8
42.9
32.6
152.6
46.0
69.9
42.3
51.3
209.5
62.4
87.5
51.8
Admin
0.0
- 0
0.0
0.2
0.2
-0.0
1.7
2.0
1.4
0.2
1.2
1.9
4.7
1.2
1.8
2.0
1.6
6.7
0.9
1.1
1.7
APAC & MEA gross profit
18.3
28.3
16.5
27.6
90.7
24.6
34.4
25.2
48.3
132.5
42.2
53.8
51.3
50.4
197.7
61.4
96.3
64.6
81.4
303.7
80.4
121.7
79.4
US
Services
27.3
31.2
25.3
25.1
108.9
27.6
28.0
30.4
31.3
117.3
31.5
34.7
40.1
46.2
152.5
48.4
53.3
57.1
61.1
220.0
67.0
67.6
69.4
Software
4.7
9.3
4.6
4.8
23.3
6.1
11.7
8.7
9.8
36.3
10.0
23.3
16.6
18.6
68.4
20.0
26.6
23.7
27.1
97.4
23.1
36.7
39.3
Admin
0.2
0.1
0.5
0.8
0.1
-0.1
0.8
0.7
1.5
0.2
0.5
0.3
0.3
1.4
-1.2
1.9
0.1
0.3
1.0
0.2
0.2
0.2
US gross profit
32.1
40.5
29.9
30.5
133.0
33.8
39.6
39.9
41.8
155.0
41.7
58.5
57.0
65.2
222.3
67.3
81.8
80.9
88.5
318.5
90.3
104.5
109.0
HQ
Services
- 0
- 0
- 0
- 0
- 0
- 0
-0.0
-0.0
0.0
-0.0
-0.0
-0.0
- 0
0.1
0.1
0.4
-0.0
-0.3
-0.2
-0.2
-0.0
-0.1
0.0
Software
0.9
-0.8
0.0
-0.3
-0.2
-0.4
-1.2
-0.3
-0.3
-2.2
0.1
-0.9
-1.4
-0.1
-2.2
0.1
0.1
2.3
2.3
4.7
- 0
- 0
0.1
Admin
12.4
14.4
15.0
21.9
63.7
15.2
17.1
20.6
22.2
75.1
22.3
11.0
11.4
12.3
57.0
14.2
15.0
16.0
13.1
58.4
16.2
15.5
16.5
HQ gross profit
13.3
13.6
15.0
21.7
63.5
14.8
15.9
20.3
21.9
72.9
22.4
10.2
10.0
12.3
54.9
14.7
15.1
17.9
15.2
62.9
16.1
15.4
16.7
Group
Services
144.7
151.1
128.0
164.5
588.3
162.5
172.3
158.2
203.4
696.4
203.6
210.5
193.1
262.4
869.5
259.9
287.9
247.5
310.4
1,105.7
317.3
382.5
343.4
Software
119.6
201.9
95.7
186.5
603.8
142.9
227.8
139.9
240.6
751.2
179.5
286.4
201.0
260.6
927.6
257.3
378.3
244.7
356.7
1,237.0
316.9
432.1
303.5
Admin
17.3
16.4
16.5
23.7
74.0
17.6
20.1
23.3
27.2
88.2
25.3
12.4
14.4
16.0
68.0
15.2
21.4
20.6
17.2
74.3
19.0
16.8
20.4
Eliminations
-11.9
-12.9
-12.4
-13.0
-50.2
-13.3
-12.7
-11.5
-12.2
-49.7
-13.1
-15.6
-15.3
-12.4
-56.4
-17.2
-21.8
-16.5
-16.9
-72.3
-18.1
-19.8
-25.5
Group gross profit
269.8
356.6
227.8
361.7
1,215.8
309.7
407.5
309.8
459.0
1,486.1
395.3
493.7
393.1
526.6
1,808.7
515.2
665.8
496.3
667.4
2,344.8
634.9
811.6
641.8
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Crayon Group Holding ASA published this content on 26 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2021 07:25:05 UTC.
Crayon Group Holding ASA is a Norway-based company engaged in the information technology (IT) sector. The Companyâs activities are divided into five segments: The Software and Cloud Direct, which comprises license offering from its partners, such as Microsoft, Adobe, Symantec, Citrix, VMware, Oracle and IBM, that focuses on standard software for technological platforms and critical commercial processes; The Software and Cloud Channel, that offers system integrators and ISVs, which includes license advisory, software sales and access to Crayons Tool and IP; The Software and Cloud Economics services include processes and tools for enabling clients to build in-house Software Asset management capabilities and supports clients in vendor audits; The Consulting that consist of cloud consulting and services related to cloud migration and development; and The Admin and shared segment, that includes administrative income and costs, global costs and elimination. The Company operates worldwide.