Norway · Delayed Price · Currency is NOK Arribatec Group ASA Earnings Call Transcripts
Fiscal Year 2025
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Q4 and full-year revenue grew strongly, driven by Business Services and recurring revenue, with EBITDA swinging positive and a robust cash position. The company is scaling after restructuring, investing in IP and cloud, and proposing a 12.5% dividend yield.
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Q3 saw 20% revenue growth and a turnaround to a 10.7% EBITDA margin, with all segments delivering positive results. Recurring revenue neared 50%, cloud migration drove a NOK 60 million pipeline increase, and a sovereign cloud solution was launched for regulated sectors.
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Q2 2025 delivered 14% revenue growth and a 10% EBITDA margin, with strong performance in Norway and international markets. Recurring revenue reached 47% of total, and 456 new contracts were signed, despite some segment-specific challenges.
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Q1 2025 delivered record results with revenue up 15% year-over-year and EBITDA margin improving to 8%. Divestments, debt repayment, and a share issue strengthened the cash position to NOK 65 million, while recurring revenue grew 20% and now represents 45% of total revenue.
Fiscal Year 2024
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Q4 saw record revenue and strong sales growth, with adjusted EBITDA improving year-over-year. Cost efficiency measures and restructuring are expected to boost margins in 2025, while new contracts and a successful share issue have strengthened liquidity.
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Q3 revenue declined slightly to NOK 130 million, with EBITDA turning negative and cash reserves dropping to NOK 18 million. Financial restructuring, cost reductions, and asset sales are underway, while recurring revenue hit a record 49% of total revenue.
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Q2 saw record revenue of NOK 150.1 million, with recurring revenue up 19% year-over-year and strong order intake driven by major new contracts. Margins were impacted by one-offs and lower activity outside Norway, but growth is expected in cloud, hospitality, and business services.