Penneo realizes 61% ARR growth rate in 2021-H1 and improves ARR guidance for 2021
Company Announcement No. 19-2021Copenhagen, 27 August 2021 Financial report for the period 1 January 2021 - 30 June 2021 Key features 2021-H1 · Annual Recurring Revenue (ARR) increased 61% to 47.6M DKK end of 2021-H1 from 29.5M DKK in 2020-H1 · ARR from new customers increased by 5.3M DKK in 2021-H1 which is 83% higher than 2.9M DKK in 2020-H1 · Average Revenue Per Account (ARPA) increased by 29% compared to 2020-H1 · EBITDA amounted to negative 5.4M DKK as a result of the planned investments in future ARR growth · ARR guidance for 2021 is improved to 56-60M DKK