Risk Intelligence has increased revenue by 31% in Q4 2020 (DKK 6,290,592) compared to Q4 2019 (DKK 4,795,609) and increased revenue for the year by 8% (
The 31% growth in Q4 was generated from a combination of growing existing business, with clients increasing the size of their subscription licenses for the Risk Intelligence System and adding other products to their contracts, as well as business from new clients in both recurring revenue and Advisory Services (bespoke and semi-bespoke reports).
The growth in revenue does not come at the expense of existing recurring revenue business, which the renewal rate of 100% (churn 0%) in Q4 is a strong testimony of. In addition, several major clients signed 3-year agreements.
Furthermore, as forecasted, the first major client,
"Following a quite challenging year, due to COVID-19, where uncertainty was the most prominent corporate challenge, we were eager to see if the cautious optimism from Q3 would continue into Q4. As it turned out we were successful in securing a significant growth in revenue of 31%, which is particularly noteworthy as Q4 always is the quarter with the highest turnover. After the negative growth in Q2, I am especially pleased that we managed to reach a total 8% growth in revenue for the full year. Finally, closing the year with the first major LandRisk client sets the tone for 2021, where we expect to deliver continued growth in both maritime and land-based business and a positive EBITDA for the full year".
The full Q4 2020 Interim report will be published
This information is information that Risk Intelligence A/S is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person set out below, on
For more information on services and the System:
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For further information about Risk Intelligence, please contact:
Jens Krøis, CFO
Telephone: +45 7026 6230
E-mail: investor@riskintelligence.eu
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Risk Intelligence A/S was founded in 2001 by
https://news.cision.com/risk-intelligence-a-s/r/risk-intelligence-a-s-reports-31--growth-in-revenue-in-q4-2020,c3264847
https://mb.cision.com/Main/17400/3264847/1356740.pdf
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