Annual recurring revenue (ARR) grew by
January –
- Annual recurring revenue (ARR) grew by
SEK 15.9m (8.3 %) from the end of Q4 2021 and bySEK 57.6m (38 %) in the last 12 months. At the end of Q1, ARR wasSEK 208.3m (150.7).
- Net sales for the period amounted to
SEK 55.9m (41.9) which correspond to a growth of 33.4 % compared to Q1 2021.
- EBITA margin 8.5 % (17.9 %).
- Earnings per share
0.015 SEK /share.
CEO’s comments
During the first quarter of 2022, we continued our growth journey and ARR grew by
We continued our expansion according to plan with investments in both the number of employees and in business development activities. This is positive for our ARR growth but, as previously communicated, impacts our profitability. The EBITA margin for the quarter was 8.5 percent which was lower than in the previous quarter (11.6 percent). This is a result of a higher cost level primarily related to personnel cost and an effect of us attracting 15 new co-workers, 10 new employees and 5 potential employees undergoing our talent program, during the quarter. I am very proud of us being able to attract both junior and senior talents both nationally and internationally in a very competitive market for th e competences necessary for our future growth.
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