Brief: Vertiseit Presents New Long-Term And Financial Goals For Global Growth

Vertiseit AB (publ)

04/10/2021 06:38

Oct 4 (Reuters) - Vertiseit AB (publ)  VERTb.ST :
    * VERTISEIT PRESENTS NEW LONG-TERM AND FINANCIAL GOALS FOR
GLOBAL
GROWTH
    * GOALS 2022-2024: GROWTH OF ANNUAL RECURRING REVENUE (ARR)
OF AT
LEAST 25 PERCENT (CAGR)
    * NEW FINANCIAL GOALS 2022-2024: EBITDA-MARGIN OF AT LEAST
30
PERCENT AT END OF 2024
    * GOALS 2022-2024 ANNUAL NET REVENUE RETENTION TO EXCEED 100
PERCENT
    * IN GROUP'S NEW STRUCTURE, PARENT COMPANY VERTISEIT WILL
BECOME A
PURE HOLDING COMPANY WITHIN RETAIL TECH
    * GROUP WILL BE ABLE TO MAINTAIN A HIGH ACQUISITION RATE
    * OPERATIONAL ACTIVITIES WILL BE INTEGRATED WITH UNIT
GRASSFISH
AND TRANSFERRED TO OPERATING UNDER GRASSFISH BRAND
    * BUSINESS MODEL IS NOW GLOBALLY SCALABLE AND HAS A GREATER
GROWTH
POTENTIAL, WHERE SAAS REVENUE WILL CONSTITUTE LARGEST PART OF
COMPANY'S REVENUE
    * NEW LONG-TERM GOAL: GROUP'S ARR WILL AMOUNT TO AT LEAST
SEK 200
MILLION AT END OF 2024

Source text for Eikon:  ID:nMFNWp6f8 
Further company coverage:  VERTb.ST 

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