25.3.2022 08:30:00 CET | Risma Systems A/S | Annual report

Company Announcement No 2-2022 - Inside Information

Copenhagen, 25 March, 2022.

 

Annual Report for the period January 1, 2021 to December 31, 2021.

Please find the annual report attached to this message.

 

Lars Nybro Munksgaard presents a satisfactory result and expresses a positive future outlook after a milestone year for RISMA with the listing on Nasdaq First North as one of the major events.

Within just three months after the listing, RISMA announced increased guidance for 2021 from ARR 14.6 MDKK to 15.0-15.4 MDKK, which the financial report for 2021 confirms with a result on ARR of 15.3 MDKK.

“I’m very pleased that we exceeded our expectations for 2021, and that we were able follow the projected growth plan for RISMA as set out in connection with the IPO. 2021 has been focused on moderate growth while preparing RISMA for further growth, and we are now in a position to continue our ambitious plan looking into 2022 with ARR guidance of 25-28 MDKK, equivalent to an ARR growth rate of 63-83%.”, says Lars Nybro Munksgaard, CEO & Founder

Financial highlights 2021:

  • ARR growth rate: 20%
  • Net ARR Retention rate 97%
  • ARR Churn rate: 7.8%
  • ARR uplift: 5%
  • EBITDA: -15.9 MDKK

Please refer to the Annual Report 2021 for additional information on 5 key 2021 success factors:

  • Establishment of Nordic sales teams
  • Launching and executing the Partner Strategy
  • Rapid growth in new partnerships
  • Introduction and successful sale of the GRC suite
  • Great service and proximity as a differentiator

Outlook for 2022

In addition, the Annual Report 2021 also states RISMA’s 2022 key success factors:

  • Deliver on RISMA's significant growth target
  • Claim RISMA’s spot in the GRC space with re-positioning
  • Expand RISMA's footprint in Scandinavia
  • Continue the success of the GRC suite
  • Commercial introduction of GRC Intelligence Center

RISMA’s ARR guidance for 2022 is 25-28 MDKK, and the EBITDA guidance is -17 to -19 MDKK.

In connection with the IPO-process the company description stated a potential following capital raise, however, RISMA has obtained a loan option of 12 MDKK, which will secure higher flexibility for RISMA to maneuver the long-term value creation for RISMA’s shareholders.

RISMA closely follows the geopolitical situation in Europe. RISMA has an external IT supplier for front-end development with operations in Ukraine and Poland. RISMA is in daily contact with the team, and even though communication infrastructure and working conditions are very challenged, the current situation will not affect the short-term development roadmap. However, a prolonged situation or further escalation of the war in Ukraine may have a negative effect on RISMA’s activities. RISMA expresses all the best thought and wishes to the employees and their families – and the people of Ukraine.

Presentation

The annual report 2021 will be presented at a live session by RISMA’s Execute Management Team online on April 5, 11.00-11.30 AM hosted by HCA Capital.

Sign up here

 

Further Information
Lars Nybro Munksgaard, CEO & Founder
Mobile (+45) 31 48 11 00
e-mail: lnm@rismasystems.com
RISMA Systems A/S
Ejby Industrivej 34-38, 2600 Glostrup, Denmark

 

Certified Advisor
Grant Thornton
Jesper Skaarup Vestergaard
Direct (+45) 35 27 50 11, Mobile (+45) 31 79 90 00
Grant Thornton
Stockholmsgade 45, 2100 Copenhagen Ø, Denmark

About Risma Systems A/S

RISMA is a leading SaaS company helping organizations structure, handle, and document their efforts across the business-critical areas of Governance, Risk, and Compliance. RISMA’s unique and user-friendly GRC suite makes cross-organizational collaboration easy to demonstrate and report on regulations and standards such as GDPR & Privacy, ISMS, Risk Management, Financial Controls, ESG and sustainability – and much more. RISMA is listed on Nasdaq First North with a mission to become a leading GRC platform for medium and enterprise businesses and organizations.

 

Attachments

  • Download announcement as PDF.pdf
  • RISMA Annual Report 2021.pdf

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