Penneo realises 33% year-on-year ARR growth at the end of 2022-H1
Company Announcement No. 26-2022Copenhagen, 24 August 2022Financial report for the period 1 January 2022 - 30 June 2022 Key features · ARR increased by 8.0M to 63.5M in 2022-H1 corresponding to 33% year-on-year (YoY) growth at the end of 2022-H1 · Net ARR retention rate amounted to 114% · ARR churn rate amounted to 3% · ARR uplift amounted to 17% · ARR from new customers amounted to 4.8M DKK in 2022-H1 compared to 5.7M DKK in 2021-H1 · Average Revenue Per Account (ARPA) increased by 21% in 2022-H1 compared to 2021-H1 · EBITDA amounted to negative 9.7M DKK as a