Vertiseit

THE QUARTER JANUARY-JUNE 2025

• At the end of the quarter, Annual Recurring Revenue (ARR) amounted to 290.2 MSEK (178.7), representing a year-over-year increase of 66.1 percent at constant exchange rates, of which 16.2 percent was organic growth. SaaS (Software as a Service) revenue for the quarter increased by 26.7 MSEK to 73.1 MSEK (46.5).
• Sequentially, ARR grew organically by 4.0 percent compared to the previous quarter at constant exchange rates, corresponding to an annualized organic growth rate of 17.2 percent.
• Net revenue increased by 94.4 percent to 168.1 MSEK (86.5).
• Adjusted EBITDA amounted to 21.6 MSEK (18.6), with an adjusted EBITDA margin of 12.9 percent (21.5). During the quarter, adjustments were made for items affecting comparability totaling 16.5 MSEK, of which 14.8 MSEK related to efficiency measures and realization of operational synergies, and 1.7 MSEK to acquisition costs related to the acquisition of MDT, completed on July 7, 2025.
• Net income for the quarter was -16.9 MSEK (8.8).
• Free cash flow for the quarter amounted to 1.6 MSEK (13.3). Available liquidity, including unused credit facilities, totaled 198.5 MSEK (141.4) at the end of the period.
• Earnings per share, before and after dilution, were -0.56 SEK and -0.50 SEK, respectively (0.41 and 0.36).

EVENTS DURING AND AFTER THE QUARTER

• On July 7, Vertiseit completed the acquisition of mdt Medientechnik GmbH, a Digital In-store platform company based in Germany, with Deutsche Telekom and McDonald’s Germany among its largest clients. The acquisition was executed at a purchase price of approximately 87 MSEK and is expected to contribute around 20 MSEK in Annual Recurring Revenue (ARR).
• During the quarter, efficiency measures and realization of operational synergies were implemented following the integration of Visual Art. Once fully effective, these actions are expected to improve the Group’s earnings and cash flow by approximately 25 MSEK annually, with implementation ongoing throughout the second half of 2025. One-time costs related to these measures amounted to 14.8 MSEK and impacted the Group’s earnings in Q2 2025.
• Vertiseit entered into a new financing agreement with its principal bank, Nordea. The expanded credit facilities total 325 MSEK, aimed at supporting acquisitions in line with the company’s growth strategy.
• A total of 441,350 TO 4 warrants were exercised by Eiffel Investment Group SAS for the subscription of new Class B shares. Through the exercise of these warrants, the company raised approximately 22 MSEK before issuance costs.

EARNINGS CALL
Johan Lind, VD, and Jonas Lagerqvist, CFO, will present the company’s Interim Report for Q2 2025 via video. In connection with the presentationen, there will be an opportunity to ask questions. The call will be held in English.

Time: Thursday, July 17 juli, at 11.30 CEST
Participation: To participate in the call – click here