Penneo achieves 27% year-on-year ARR growth in Q3-2023
Company Announcement No. 31-2023Copenhagen, 21 November 2023Quarterly financial report for the period 1 July 2023 - 30 September 2023Q3-2023 performance highlights · ARR increased by 3.3M DKK to 82.5M DKK corresponding to 27% year-on-year (YoY) growth at the end of the quarter · ARR increase from Newbiz amounted to 2.1M DKK compared to 1.1M DKK in Q3-2022 · ARR increase from Uplift amounted to 1.7M DKK compared to 1.0M DKK in Q3-2022 · ARR lost to Churn amounted to 0.6M DKK compared to 0.7M DKK in Q3-2022 · ARR from foreign markets increased by 1.7M DKK compared to 0.7M