Awardit

January – March 2023

• Net revenue increased with 32.6 percent and amounted to MSEK 221.9 (167.4), of which 15.2 percent organic.
  
• Adjusted EBITA amounted to MSEK 11.5 (5.7) and adjusted EBITA margin amounted to 5.2 (3.4) percent.
  
• EBITA result amounted to MSEK 7.1 (5.7) (Including acquisition costs of MSEK 4.4) and EBITA margin amounted to 3.2 (3.4) percent.
  
• EBITA per share, before and after dilution, amounted to SEK 0.83 (0.68).
  
• Operating result EBIT amounted to MSEK -3.3 (-3.5), and EBIT margin amounted to -1.5 (-2.1) percent.
  
• The result for the quarter amounted to MSEK -12.6 (-12.4) and earnings per share after tax, before and after dilution, amounted to SEK -1.47 (-1.49).

Significant events during the first quarter

• On 1 February 2023, Awardit AB acquired 100 percent of the Austrian loyalty and gift card company Connex Marketing GmbH ("Connex"). The total purchase price was MSEK 120.9 (MEUR 10.7), of which MSEK 81.7 (MEUR 7.2) was paid in cash and MSEK 39.2 (MEUR 3.5) was paid in Awardit shares. The Board have further, in accordance with authorisation from the annual general meeting on 20 May 2022 decided to carry out a non-cash issue of 325,330 shares, at an issue price of SEK 120.493, directed to the two owners of Connex. The share price is based on the average price of Awardit´s share during the period 30 December 2022 until 27 January 2023. The total number of shares in Awardit after completed new issue increases from 8,335,518 to 8,660,848, which corresponds to a dilution of approximately 3.8 percent. Connex´s turnover for the financial year 2021 was MEUR 12.9 with an EBIT result of MEUR 0.8. The turnover for 2022 was MSE 189.2 (MEUR 17.8) with an EBIT result of MSEK 18.2 (MEUR 1.7). The Company has 100 employees, mainly based in Wels, Austria.

Significant events after the end of the reporting period

• No significant events to report

In a comment to the first quarter of the year CEO Erik Grohman says:

Awardit kicks off 2023 by delivering its best first quarter ever and shows that our business model is resilient and successful even in worse times. Solid organic growth together with the acquisition of Connex means that we are financially stronger than ever. We are now well positioned not only in the Nordics but also in DACH, where we see great opportunities for further growth both organically and through acquisitions”.

The Interim Report for the period January - March 2023 can also be found on Awardit´s website Investor relations | Awardit