SmartCraft ASA (SMCRT) – Q2 2023: Strong growth, record high EBITDA and continued positive market outlook
24 August 2023 - SmartCraft ASA, the leading Nordic provider of mission-critical SaaS solutions to small and mid-sized companies in the construction sector, today reported its results for the second quarter of 2023, ending the period with annual recurring revenue (ARR) of NOK 358 million, which represents a 12-month growth of 21 percent. Organic ARR growth was 15 percent. Reported revenue in the second quarter was NOK 101 million (+24 percent), of which 96 percent was recurring. Adjusted EBITDA margin increased by 7 percentage points to 44 percent, whereas reported EBITDA margin was 43