16.11.2021 07:00:00 CET | EcoOnline | Half yearly financial reports and audit reports / limited reviewsOslo ,16 November 2021 EcoOnline Holding AS ("EcoOnline" or "the Company") continues its growth journey and is reporting annual recurring revenues (ARR) at the end of Q3 2021 ofNOK 408 million , with a year-over-year (YoY) growth of 35% and a LTM Q3 2021 revenue growth of 51% with a proforma revenue ofNOK 427 . EcoOnline, the leading European EHSQ SaaS provider of digital solutions for creating safer and more sustainable workplaces, is reporting good financial performance as well as strong operational developments, successful investments, and a solid financial platform: *NOK 408 million in ARR at the end of Q3 2021, up 35% YoY (24% organic growth) * Strong revenue growth of 51% YoY, with LTM Q3 2021 revenue ofNOK 401 million and proforma revenue ofNOK 427 million * Positive LTM Q3 2021 adjusted EBITDA ofNOK 3 million * 371 new customers in Q3 2021, 151 attracted organically and 220 through acquisitions * Use of EcoOnline's products for reporting to meetUN's SDGs * Two acquisitions closed inJuly 2021 , followed by successful integrations * A team of 485 FTE at the end of Q3 2021 and additional investments in the organization to facilitate further growth and scaling * LTM Q3 2021 cash flow from operations ofNOK 16 million *NOK 435 million in cash at the end of Q3 2021 - providing a strong financial platform for further organic growth *EUR 150 million in new total credit framework through ESG linked EUR notes that lowers interest rates on currentEUR 35.5 million debt and makesEUR 114.5 million available for the financing of potential further acquisition "EcoOnline operates in a very attractive virgin market with strong secular tailwinds. With our broad EHS platform that is agnostic to customer size and industry and our large and fast-growing customer base, we are well positioned to continue our strong growth journey. Our confidence in the market as well as in our organization is reflected in the increase of our 2025 target toNOK 1.1 billion fromNOK 1.0 billion . Ournew financial structure lowers interests and expands financial facilities secure financing of our M&A strategy," says Göran Lindö, CEO of EcoOnline. Please see the attached combined report and presentation for more information and detailed financial statements for Q3 2021. The results will be presented in a webcast with CEO Göran Lindö, VP Corporate Development Andreas Nordsjö, and CFO Siw Ødegaard today at08.00 a.m. CET . The presentation and subsequent Q&A session will be held in English and may be viewed live at https://live.twebcast.com/participant/ecoonlineq3report A recording of the presentation will be made available on EcoOnline.com - https://www.ecoonline.com/investor-relations after the presentation. DISCLOSURE REGULATION 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 the Norwegian Securities Trading Act. CONTACTS * Siw Ødegaard, CFO and Head of IR at EcoOnline, +47 957 59 848, siw.odegaard@ecoonline.com ABOUT ECOONLINE EcoOnline is a European EHSQ SaaS market leader dedicated to developing software, creating safer and more sustainable workplaces while ensuring compliance. EcoOnline has offered a positive contribution to customers and society since its inception and is a leader in the Nordics,UK , andIreland . The company has experienced strong organic growth over the last years and has a clear history of successfully acquiring and integrating companies with the same level of employee engagement as EcoOnline. ATTACHMENTSEcoOnline Holding AS_Q3 2021 financial report.pdf - https://kommunikasjon.ntb.no/ir-files/17847687/972/1273/EcoOnline%20Holding%20AS _Q3%202021%20financial%20report.pdf
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