Penneo increases ARR growth rate to 52% in 2021-Q1
Company Announcement No. 14-2021Copenhagen, 26 May 2021Financial report for the period 1 January 2021 - 31 March 2021 Highlights · Annual Recurring Revenue (ARR) end of 2021-Q1 was 40,9M DKK which is 52% higher than 27,0M DKK in 2020-Q1 · Penneo increased total ARR by 3,9M DKK in 2021-Q1 which is 77% higher than 2,2M DKK in 2020-Q1 · Penneo increased the ARR from new customers by 2,4M DKK ARR in 2021-Q1 which is 100% higher than 1,2M DKK in 2020-Q1 · Penneo increased ARPA by 25% compared to 2020-Q1 ARR Guidance 2021 Penneo maintains short-term ARR-guidance (