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    PENNEO — Penneo A/S News Story

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    Brief: Penneo Guides ARR At Level Of DKK 101-106 Mln At End Of 2024

    Picture of Penneo A/S logoPenneo A/S
    20/11/2024 07:08
    Nov 20 (Reuters) - Penneo A/S  PENNEO.CO :
    * ASSUMES GROWTH IN ARR AND GUIDES ARR AT LEVEL OF 101-106M
DKK AT
END OF 2024 CORRESPONDING TO AN ARR GROWTH RATE OF 13-19%
    * ASSUMES AN EBITDA AT A LEVEL BETWEEN POSITIVE 10M DKK TO
15M DKK
    * AT END OF 2024, WE EXPECT TO REACH A POSITION WHERE OUR
ARR WILL
EXCEED OUR OVERALL COST BASE
    * ARR INCREASED BY 8.2M DKK IN Q3-2024 YTD COMPARED TO 11.5M
DKK
IN Q3-2023 YTD
    * EBITDA IMPROVED TO NEGATIVE 4.2M DKK IN Q3-2024 YTD UP
FROM
NEGATIVE 17.7M DKK IN Q3-2023 YTD

Source text:  ID:nWkrbqc4gp 
Further company coverage:  PENNEO.CO 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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