Sweden · Delayed Price · Currency is SEK SmartCraft Group AB Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw robust ARR and cash flow growth, margin expansion, and declining churn, despite a soft construction market. AI initiatives and a Nasdaq Stockholm relisting boosted operational and shareholder engagement. SME Construction led segment growth and profitability.
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A leading SaaS provider for construction SMEs, the company boasts high recurring revenue, strong margins, and a debt-free balance sheet. Growth is driven by organic sales, AI-enabled product innovation, and targeted M&A, with a focus on expanding in the U.K. and maintaining robust financial health.
Fiscal Year 2025
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Q4 2025 saw 8.4% ARR growth and 5.4% revenue growth year-over-year, with strong recurring revenue and margin improvements. AI-driven products and international expansion supported growth, while macroeconomic softness and extraordinary costs impacted cash flow.
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ARR grew 6.4% year-over-year to NOK 505 million, with recurring revenue at 97% and improved margins. Segment performance was strong in Sweden and the UK, while Finland was impacted by a large downgrade. Strategic reorganization and new product launches position the company for future growth.
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ARR surpassed NOK 500 million with 9% growth, driven by strong sales and new product launches. Despite elevated churn and downgrades, recurring revenue and margins improved, and the company remains cash positive and well positioned for future growth.
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ARR grew 23% year-over-year to NOK 494 million, driven by acquisitions and organic growth, but churn and downgrades from bankruptcies weighed on results. New product launches and strong sales activity support future growth, while the CEO announced his departure.
Fiscal Year 2024
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ARR grew 25% year-over-year to NOK 482 million, with organic growth at 8% amid higher churn and downgrades. Margin declined due to acquisitions and investments, but cash flow and new customer wins were strong. Outlook remains stable with gradual improvement expected in H2.
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ARR grew 29% year-over-year, driven by acquisitions and organic growth, while adjusted EBITDA margin declined to 25% due to acquisition dilution and one-off costs. Strong cash flow and a robust M&A pipeline position the company well despite challenging market conditions.
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ARR grew 29% to NOK 461.3 million, driven by acquisitions and 11% organic growth, with margin dilution from new deals. Marketing and product innovation boosted leads and sales, while the company remains net cash positive and sees major growth potential in the UK and renovation segments.