Reported revenue in the third quarter was
"Once again, we demonstrate
The growth outlook remains positive.
"The third quarter ended with high activity levels resulting in both a strong order backlog (signed customers that have not yet been onboarded and are not included in ARR/sales) for future revenue in the coming months and an increase in booked customer meetings. Historically, we convert 55 percent of the meetings to sales, so we have a good and healthy potential revenue pipeline. Longer term, with megatrends of digitalization and increasing professionalization of SME construction companies, a strong product portfolio and well-tuned R&D and sales organization, we are confident in our medium-term financial target of 15-20 percent organic growth and increasing margins due to the scalability of the business," said
In addition, acquisitions are an important driver for
"We continue to have a good pipeline of potential targets. Price expectations in the M&A market remain high but are trending downwards. We will remain disciplined regarding capital allocation and continue to ensure that potential transactions add to our strong track record of value-accretive acquisition," said
- ENDS -
WEBCAST PRESENTATION
Investors, analysts, and journalists are welcome to join an English-language webcast presentation of the report today, Wednesday
Webcast link:
https://channel.royalcast.com/landingpage/hegnarmedia/20231101_5/
Presenters: CEO
Viewers are welcome to submit written questions through the webcast player during and after the presentation. A recording of the presentation will be available on the same link and at https://smartcraft.com/investor-relations/ immediately after the live stream is concluded.
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 of the Norwegian Securities Trading Act. The stock exchange announcement was published by the contact person, at the date and time as set out above.
CONTACTS
*
* Kjartan Bø, CFO, +47 410 27 000, kjartan.bo@smartcraft.com
ABOUT
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https://mb.cision.com/Public/22283/3866919/a78e8fd24246c900.pdf
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