Reported revenue in the fourth quarter was
"We ended 2023 with another strong quarter of growth and profitability, and I am happy to be able to highlight the strength and scalability of our business model. Our clients work on renovation rather than new construction, which is a great strength to us as the renovation segment is bigger than the new build part of the industry and has proven to be less volatile, growing steadily over the last years, supported by an ongoing digitalization of the construction industry. Combined with our SaaS based model this implies predictability and low risk related to our development, said
The good development in 2023 provides
"We are working hard and systematically across our brands with marketing on digital and traditional platforms. This has resulted in a 23 percent rise in customer leads in the fourth quarter compared to the same quarter in 2022 which gives us great revenue opportunities in 2024. At the same time, the constant development of digitalization and professionalization of the construction industry represents a strong long-term megatrend for our business. Our software solutions enable small- and medium-sized construction companies to enhance their productivity and earnings, which is more important than ever. We remain 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 to the organic growth,
"We have a good pipeline of potential acquisition objects, and our history of improving profitability and growth in acquired companies is convincing. At the same time, we will remain disciplined regarding capital allocation," 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/20240214_3/
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.
CONTACTS
*
* Kjartan Bø, CFO, +47 410 27 000, kjartan.bo@smartcraft.com
ABOUT
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https://mb.cision.com/Public/22283/3928118/90d349ef266321dc.pdf
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