Brief: Volue Q1 Adjusted EBITDA Up At NOK 52 Mln

Volue ASA

06/05/2021 06:11

May 6 (Reuters) - Volue ASA  VOLUE.OL :
    * REVENUES OF NOK 256 MILLION IN Q1 OF 2021 (Q1 2020: 227)
    * Q1 ADJUSTED EBITDA OF NOK 52 MILLION (40)
    * EXPECTS 2021 REVENUES TO EXCEED NOK 1 BILLION.
    * Q1 SAW CONTINUED ARR GROWTH AND SALES CLOSING ABOVE TARGET
    * VOLUE HAS A 2025 AMBITION OF CREATING A NOK 2 BILLION
REVENUE
COMPANY WITH AN ADJUSTED EBITDA MARGIN TOWARDS 30%, SAAS
REVENUES INCREASING TO 50% AND RECURRING REVENUES TOWARDS 80%
    * WE REITERATE OUR LONG-TERM AMBITIONS AND INCREASE OUR 2021
REVENUE GUIDANCE TO EXCEED NOK ONE BILLION

Source text for Eikon:  ID:nObilH6NNa 
Further company coverage:  VOLUE.OL 

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