"During the year,
Fourth quarter of 2023
- Net sales amounted to
SEK 223.0 million (169.6), which is an organic increase of 31% (26%) and 28% adjusted for currency.
-
Recurring revenue amounted to
SEK 179.7 million (143.2), which is an organic increase of 25% (24%). The increase is a result of a strong growth of both transactions and licences in the Pagero Network.
-
Operating loss after depreciation/amortization (EBITA) amounted to
SEK 17.4 million (25.5). Adjusted EBITA amounted to a loss ofSEK 16.3 million (25.5). The result is in line with the international expansion strategy.
-
Cash flow from operating activities amounted to an outflow of
SEK 5.9 million (7.7) for the quarter.
-
Earnings per share after dilution amounted to a loss of
SEK 0.52 (0.22).
Pagero launched the next generation business network.
Pagero and Vertex established a partnership to deliver a global e-invoice solution.
Pagero opened an office inJapan .
Bengt Nilsson was appointed the Chairman of GENA.
Pagero received a public take-over bid from Vertex.
January-December of 2023
- Net sales amounted to
SEK 795.4 million (600.1), which is an increase of 33% (36%) and 31% adjusted for currency. Organic growth amounted to 33% (24%).
-
Recurring revenue amounted to
SEK 677.2 million (520.7), which is an increase of 30% (33%). The increase is a result of a strong growth of both transactions and licences in the Pagero Network. Organic growth of recurring revenue amounted to 30% (20%).
-
Annual Recurring Revenue (ARR) amounted to
SEK 764.5 million (604.2), which is an organic growth of 27% (27%).
-
Operating loss after depreciation/amortization (EBITA) amounted to
SEK 75.1 million (103.0). Adjusted EBITA amounted to a loss ofSEK 74.1 million (86.1). The result is in line with the international expansion strategy.
-
Cash flow from operating activities amounted to an outflow of
SEK 50.6 million (30.1). The company's cash and cash equivalents amounted toSEK 217.6 million .
-
Earnings per share after dilution amounted to a loss of
SEK 1.98 (1.79).
Pagero's warrants programme 2020/2023 raisedSEK 54 million for the company fully utilised.
Pagero received an order forEUR 4.2 million .
Pagero and Thomson Reuters are starting a partnership to offer customers a service for indirect tax compliance.
Events after the period
Pagero received a public take-over bid fromAvalara Inc.
Pagero received a public take-over bid from Thomson Reuters.
Vertex andAvalara Inc. withdraws from the bidding process.
-
Thomson Reuters successfully completes the acquisition offer and reaches 99.46% shareholding in
Pagero . Thomson Reuters intend to call for the compulsory redemption of the remaining shares and promote a delisting ofPagero from Nasdaq First North Growth Market.
Interim reports
The interim report is available on
For more information
Bengt.nilsson@pagero.com
Jan-olof.ohlsson@pagero.com
Certified adviser
This information is information that
About Pagero
Find out more on www.pagero.com
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