At the end of the first quarter of 2024, Vertiseit's Annual Recurring Revenue (ARR) amounted to 170.1 MSEK (144.1 MSEK), an increase of 17.6 percent at fixed exchange rates compared to the previous year. SaaS revenue (Software as a Service) for the quarter increased by 6.3 MSEK to 44.3 MSEK (38.0 MSEK), adjusted for divested operations. Sequentially, ARR grew by 4.4 percent at fixed exchange rates compared to the previous quarter, corresponding to an annual organic growth rate of 18.7 percent. Net revenue increased by 15.9 percent to 92.7 MSEK (80.0 MSEK). EBITDA for the quarter amounted to 23.0 MSEK (11.3 MSEK), corresponding to an EBITDA margin of 24.8 percent (14.2 percent). Free cash flow for the quarter amounted to 22.5 MSEK (-18.5 MSEK).
THE QUARTER JANUARY – MARCH 2024
- At the end of the quarter, annual recurring revenues (ARR) amounted to 170.1 MSEK (144.1), an increase of 17.6 percent compared to the previous year at fixed exchange rates. SaaS revenues (Software as a Service) for the quarter increased by 6.3 MSEK to 44.3 MSEK (38.0), adjusted for divested operations.
- Sequentially, ARR grew by 4.4 percent compared to the previous quarter at fixed exchange rates, corresponding to an annual organic growth rate of 18.7 percent.
- Net sales increased by 15.9 percent to 92.7 MSEK (80.0).
- Profit before depreciation (EBITDA) amounted to 23.0 MSEK (11.3) and the EBITDA margin to 24.8 percent (14.2). There were no adjustments for extraordinary items impacting EBITDA during the quarter.
- The quarter’s profit amounted to 9.8 MSEK (1.3).
- Free cash flow for the quarter amounted to 22.5 MSEK (-18.5). Available liquidity at the end of the period was 55.8 MSEK (40.2).
- Earnings per share, before and after dilution, were 0.48 SEK and 0.43 SEK (0.07 and 0.06 respectively).
