Company Announcement No. 01-2023
In Company Announcement no. 29-2022 released on
As part of the process of preparing end-of-year financial statements for review by our external auditor, we have reached the conclusion that an adjustment of our EBITDA guidance is required.
Consequently,
The changes we have encountered include:
- In
December 2022 , we achieved higher than expected recognized revenue. For example from 'one-time fee' invoicing which occurs when our customers use our software products beyond what was initially agreed. This did not change our ARR for the year.
-
A change in the method we use to measure provisions related to the accounts receivables. Consequently provisions have decreased.
Penneo's overall costs related to payroll reached a lower level than we anticipated for 2022.
Preliminary ARR result
The preliminary ARR amounts to
Annual report release
Further information
CEO,
Mobile (+45) 27 29 50 02
About
The original and widespread product "Penneo Sign", which helps customers secure easy online signing of documents, is still continuously developed by the company - while at the same time new products appear, such as Penneo KYC (Know Your Customer) - a product that digitises the work-flows in businesses and contributes to complying with legal requirements in connection with onboarding and identification of customers.
In
For information about
https://news.cision.com/penneo/r/preliminary-financial-statements-before-audit--penneo-adjusts-ebitda-guidance-for-2022,c3700392
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