With 29,5M DKK ARR Penneo realized significantly more revenue in 2020-H1 than the +28M DKK outlook communicated during the IPO
Company Announcement No. 6-2020Copenhagen, August 27 2020 Financial report for the period January 1 2020 - June 30 2020 Highlights from 2020-H1 In the outlook for 2020-H1 a main goal was announced: Annual Recurring Revenue (ARR) of more than 28M DKK. The goal was achieved at 29,5M DKK ARR, despite the fact that management at the same time was heavily involved in running the IPO. Annual Recurring Revenue Growth ·Penneo increased ARR in 2020-H1 with 4,5M DKK from 25,0M DKK to 29,5M DKK, representing a 45% growth compared with the growth in 2019-H2. ·Penneo