Improved ARR guidance for the end of first half-year 2021
Company Announcement No. 1-2021Copenhagen, February 1, 2021 Penneo improves ARR guidance from 38-43M DKK to 41-45M DKKIn Penneo’s IPO document of June 2, 2020, Penneo announced ARR guidance for the end of first half-year 2021 at the level of 38-43M DKK (Company Description, Section 7). Penneo has not given guidance regarding year-end expectations for 2020. Penneo now guides the ARR for the end of first half-year 2021 to increase by 2-3M DKK to the level of 41-45M DKK due to: · Higher ARR growth from new customers · Increased usage of Penneo’s platform by existing