Penneo achieves 26% year-on-year ARR growth in 2023
Company Announcement No. 7-2024Copenhagen, 21 February 2024Annual report for the period 1 January 2023 - 31 December 20232023 performance highlights · ARR increased by 18.4M DKK to 89.3M DKK corresponding to 26% year-on-year (YoY) growth at the end of the year · ARR increase from Newbiz amounted to 10.1M DKK compared to 8.5M DKK in 2022 · ARR increase from Uplift amounted to 11.4M DKK compared to 9.1M DKK in 2022 · ARR lost to Churn amounted to 3.2M DKK compared to 2.2M DKK in 2022 · ARR from foreign markets increased by 7.1M DKK compared to 5.2M DKK in 2022 · EBITDA