Vertiseit

THE QUARTER JULY - SEPTEMBER 2023

• At the end of the quarter, Annual Recurring Revenue (ARR) amounted to SEK 156.6 million (130.4), an increase of 20.1 percent compared to the previous year. At constant exchange rates, ARR growth amounted to 16.7 percent. SaaS revenue (Software as a Service) for the quarter increased by SEK 8.2 million to SEK 47.5 million (39.4).
• Sequentially, ARR grew by 3.8 percent compared to the previous quarter. At constant exchange rates, ARR growth amounted to 4.9 percent, corresponding to an annual organic growth rate of 21.1 percent.
• Net revenue increased by 16.7 percent to SEK 96.2 million (82.4).
• Adjusted for extraordinary items, earnings before depreciation (EBITDA) amounted to SEK 20.2 million (15.5) and the adjusted EBITDA margin to 21.0 percent (18.8). Unadjusted EBITDA amounted to SEK 16.4 million (15.3), and the EBITDA margin to 17.1 percent (18.6).
• The quarter's profit amounted to SEK 9.4 million (6.0).
• Earnings per share, before and after dilution, amounted to SEK 0.46 and SEK 0.41 respectively (0.30 and 0.26, respectively).

THE PERIOD JANUARY - SEPTEMBER 2023

• SaaS revenue increased during the period by SEK 40.8 million to SEK 134.8 million (94.0) compared to the previous year.
• Net sales during the period amounted to SEK 260.2 million (215.7), an increase of SEK 44.5 million.
• Adjusted for extraordinary items, EBITDA amounted to SEK 38.9 million (34.5) and the adjusted EBITDA margin to 15.0 percent (16.0). Unadjusted EBITDA amounted to SEK 34.7 million (23.2) and the EBITDA margin to 13.3 percent (10.8).
• The period's result amounted to SEK 6.2 million (1.3).
• Earnings per share, before and after dilution, amounted to SEK 0.30 and SEK 0.27 respectively (0.07 and 0.06 respectively).

EVENTS DURING AND AFTER THE QUARTER

• On September 19, Vertiseit divested its Intelligent Transport Solutions (ITS) business, MultiQ Denmark A/S, to Journeo plc. The sale increased the group's earnings for by SEK 5.1 million before transaction costs, and added cash of SEK 27.8 million.
• During the quarter, Vertiseit executed on measures for increased efficiency and cost savings, resulting in annual reduced costs of approximately SEK 16.0 million. One-off costs for the measures taken during the quarter amounted to SEK 8.2 million.

INVESTOR PRESENTATION
Vertiseit invites you to an investor presentation where Johan Lind, CEO, and Jonas Lagerqvist, CFO, will present the company's interim report. In connection with the presentation, there is an opportunity to ask questions. The presentation will be held in Swedish.

Time: November 9, at 10.00 CET
Participation: To join the presentation – click here