CRAYON GROUP HOLDING ASA Oslo ,07:00 CET ,15 February 2022 :Crayon Group Holding ASA (OSE: CRAYN) today reports record fourth-quarter results, rounding off a successful year characterized by continued value creation across all business areas as well as substantial growth and M&A activity. "I am incredibly proud of our team's commitment to our long-term strategy for value creation which has resulted in record-high earnings, phenomenal customer retention, and stronger employee satisfaction," said Crayon CEOMelissa Mulholland . "Our people-centric approach in 2021 led to more investments in resources and a strengthening of our customer-focused services. In addition, we were able to complete attractive acquisitions to broaden our global footprint and deepen our expertise." "I am excited about 2022 where we will continue to increase profitability for our customers and partners through our world-class services and innovation," Mulholland said. Q4 2021 Financial Highlights - Gross profitNOK 951m , 42.5% YoY positively impacted by recent acquisition of rhipe, which closed inNovember 2021 - Adj. EBITDANOK 225m up 64% fromNOK 137m in Q4 2020. - Margin expansion across all business areas driven by increased scale and synergy effects 2021 Financial Highlights - RevenuesNOK 26.4 billion , up 35% fromNOK 19.6 billion in 2020 - Gross profitNOK 3 040m, up 30% YoY fromNOK 2 345m - Adj. EBITDANOK 655m , resulting in margin of 21.5% (17.6%) -NOK 2.58 earnings per share (EPS), up 78% fromNOK 1.48 in 2020 - Pro forma gross profitNOK 3 502, including full-year effects of rhipe and Sensa acquisitions Updated FY 2022 guidance - Gross profit growth: 35-40% - Adj. EBITDA margin: 22-23% - Average net working capital / gross profit: -15% to -20% - Capex NOK ~100m The interim financial report and presentation for Q4 2021 are enclosed and available at www.crayon.com/investor-relations CEOMelissa Mulholland and CFOJon Birger Syvertsen will present the results in a live webcast at08:30 am CET that can be accessed at www.crayon.com/investor-relations/. It will be possible to ask questions online. A recording of the webcast will be available on-demand after the live event has concluded. 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 employees across nearly 40 countries. We provide the best solutions for our clients' business needs and budgets in software, cloud, AI, and big data. 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.
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