Oslo ,August 26, 2021 .Sikri Holding AS delivered strong growth in Q2 2021, with proforma growth of 18.6% (including all companies, as if they were owned fully in 2020 and 2021). Highlights for the quarter: *Revenue of MNOK 208.4, up from MNOK 175.6 in Q2 2020 (proforma) - representing organic growth of 18.6% *EBITDA adjusted of MNOK 47.3 vs MNOK 41.4 in Q2 of 2020 (proforma figures) *Recurring and recurring-like revenue comprises close to 80% of total revenue *Strong operational cash flow of MNOK 44 *Launch of Samsvar, the new module-based platform HSEQ, deliveries started *With the acquisition of Ambita inMay 2021 , Sikri has broadened our specter of customers, competencies, services, technology and data sources Commenting on Sikri's growth and future aspirations, CEONicolay Moulin says; "The acquisitions we have made during 2020, and not the least the latest acquisition ofAmbita Group , have propelled us forward, enabling creation of new products and services through the combination of cross-functional disciplines. Despite the short time period since acquiring Ambita, we are experiencing a high level of enthusiasm from our employees around co-creation. This, to me, confirms our mission of connecting public sector, private businesses and citizens and creating security, development, and growth in the flow between them. I am extremely proud of the ownership our employees are taking in driving this agenda and focusing on value creation for our customers - a customer base that has expanded significantly during the past quarter. We are pleased with our Q2 results, both in terms of growth, profitability and development of new products and services. We are achieving our goals for organic and in-organic growth and are well on our way to reaching our 2025 goal of BNOK 1 in revenue. We will continue to pursue growth opportunities through M&A while we work towards a successful integration of Ambita into theSikri Group ." Sikri will be presenting the Q2 results today at8:00 am . Please use this link to attend: https://players.brightcove.net/4628382152001/experience_61166a35f0608700211f21d9 /share.html- and register attendance to trond.hana@sb1markets.no. We will have a short Q&A session at the end of the presentation. Please submit questions in advance to ir@sikri.no, or live during the session itself. For further queries, please contact:Nicolay Moulin Chief Executive Officer Tel: +47 90 59 19 83 Email: Nicolay.moulin@sikri.noCamilla Aardal Chief Financial Officer Tel: +47 97 10 51 55 Email: Camilla.aardal@sikri.no AboutSikri Holding AS Sikri Holding is growing and developing its services, both organically and through strategic acquisitions. InApril 2021 we acquired theAmbita Group , growing our number of FTEs to 255 and expanding our customer base significantly.Sikri Holding has developed from a software house specializing in software and services towards the public sector, to becoming a leading company also within property data, property technology and data economics in the Nordics. Our customer base spans public sector as well as private businesses within real estate, banking, insurance, property developers, media companies, builders, property owner, taxation companies, engineers, power companies and building materials production. We create value for public sector, private businesses, and citizens, with an innovative approach to the use of data and data analysis.
Click here for more information
© Oslo Bors ASA, source