During the third quarter, Vertiseit's Annual Recurring SaaS Revenues (ARR) increased by 108 percent to SEK 66 million. Sequential growth amounted to 6 percent compared with the previous quarter. At the company's Capital Market’s Day on October 5, the Group's new strategy for global growth was presented together with new long-term and financial goals. After the end of the quarter, an Extraordinary General Meeting resolved on a directed share issue to institutional and professional investors, which will provide the company with SEK 100 million before issue costs.
JULY-SEPTEMBER 2021 QUARTER
- SaaS Revenue increased by SEK 11.3 million to SEK 19.0 million (7.8) compared with the corresponding period last year
- At the end of the period, ARR amounted to SEK 65.9 million (31.8), an increase of 107.6 percent
- ARR grew sequentially by 6.2 percent (1.3) compared to the previous quarter
- Adjusted for acquisitions, ARR increased organically by 18.6 percent compared with the corresponding period last year
- Net sales increased by 168.5 percent to SEK 39.2 million (14.6)
- Profit before depreciation (EBITDA) amounted to SEK 4.1 million (3.2), and the EBITDA margin amounted to 10.4 percent (22.2)
- Profit after tax amounted to SEK 0.2 million (1.5)
- Earnings per share before and after dilution amounted to SEK 0.08 and SEK 0.07 (0.12 and 0.11, respectively)
JANUARY-SEPTEMBER 2021 PERIOD
- SaaS Revenue increased by SEK 17.4 million to SEK 40.6 million (23.2)
- Net sales increased by 48.1 percent to SEK 84.8 million (57.3)
- Profit before depreciation (EBITDA) amounted to SEK 8.6 million (9.9), and the EBITDA margin amounted to 10.2 percent (17.2)
- Profit after tax amounted to SEK 1.5 million (4.5)
- Earnings per share before and after dilution amounted to SEK 0.17 and SEK 0.15 (0.34 and 0.31, respectively)
COMMENT FROM CEO JOHAN LIND
”The Annual Recurring SaaS Revenues (ARR) increased by 108 percent compared with the previous year, and adjusted for acquisitions, we continued to grow organically in all business segments. We held our first ever Capital Market’s Day where the Group’s new strategy for global growth was presented. Through the resolved directed share issue, we strengthen the ownership base with several institutional and professional investors, at the same time as the company receives SEK 100 million before issue costs. An important step in accelerating growth to achieve our goal of becoming the world's leading platform company within Digital In-store,” says Johan Lind, CEO of Vertiseit.
SIGNIFICANT EVENTS DURING AND AFTER THE QUARTER
- During the third quarter, Vertiseit signed an agreement with Svenska Mässan Gothia Towers regarding a comprehensive commitment for the digital customer experience in the Group's operations
- On October 5, Vertiseit presented, at the company's Capital Market’s Day, a new strategy for global growth, as well as new long-term and financial goals
- On October 21, Vertiseit's Extraordinary General Meeting resolved, among other things, on a directed share issue to institutional and professional investors, which will provide the company with SEK 100 million before issue costs
PRESENTATION OF THE INTERIM REPORT VIA VIDEO CONFERENCE
Vertiseit invites to an investor presentation where Johan Lind, CEO, and Jonas Lagerqvist, CFO, will present the company's interim report for the third quarter of 2021. In connection with the presentation, there will be an opportunity to ask questions.
Time: Wednesday, November 3, 09:00-10:00
Registration: For registration and instructions on how to join the presentation – click here – or visit corporate.vertiseit.se where a link to the presentation can be found.
