Annual recurring revenue (ARR) grew by 59.2 MSEK (44.4%) during the last twelve months.
October -
- Annual recurring revenue (ARR*) grew by 18.8 MSEK (10.8%) from the end of Q3 2021. At the end of the Q4 ARR amounted to 192.4 MSEK (133.2 MSEK).
- Net sales amounted to 52.6 MSEK (41.7 MSEK) which corresponds to a growth of 26.1% compared to Q4 2020.
- EBITA margin 11.6 % (18.7%).
- Earnings per share
0.1 SEK /share
January –
- Annual recurring revenue (ARR) grew by 59.2 MSEK (44.4%) during the last twelve months. At the end of the year ARR amounted to 192.4 MSEK (133.2 MSEK).
- Net sales amounted to 186.5 MSEK (150.0 MSEK) which corresponds to a growth of 24.3% compared to 2020.
- EBITA margin 17.5% (21.4%).
- The Board proposes no dividend to be paid for the 2021 financial year. The proceeds will be reinvested in growth.
- Earnings per share
0.8 SEK /share
* Annual Recurring Revenue (ARR) – total value of contracted annual recurring fees at a given time
CEO’s comments
2021 was a fantastic year for
The demand for digitalization and automation remains high. This in combination with Microsoft´s success in selling Microsoft Dynamics ERP creates a great demand for SignUp Software’s AP Automation solution ExFlow globally. When we compare SignUp´s ARR portfolio of Q4´20 to Q4´21
During Q4 three major milestones for SignUp took place. On the 24th of
According to plan major investments in growth have been done, primarly in the US and BeNeLux. SignUp also continues to invest heavily in product development. ExFlow´s capabilities using AI/ML were extended during Q4 with the capabilities of suggesting approvers based on the history of code lines. Many of SignUp´s multinational customers require local functionality for the countries they roll out ExFlow to and during Q4 a major release for Indian Sales Tax was released along with functionality for many other countries.
Net sales for Q4 grew from 41.7 MSEK to 52.6 MSEK (26%) and EBITA for Q4 fell from 7.8 MSEK to 6.1 MSEK (-22%).
Net sales for 2021 grew from 150 MSEK to 186.5 MSEK (24%) and EBITA for 2021 grew from 32 MSEK to 32.7 MSEK (2%).
The organization has been strengthend in many aspects to enable future growth and during Q4 we grew with 6 employees to a total of 94 employees which is a growth of 40% for 2021 with an emphasis on strengthening the organization in growth markets to cater customer demand.
Finally, I would like to thank customers, partners, employees and shareholders for your support during 2021.
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