SmartCraft ASA (SMCRT) – Q3 2023: Continued solid growth and increased high EBITDA margin, driven by a resilient, scalable and low-risk business model
1 November 2023 - SmartCraft ASA, the leading Nordic provider of mission-critical SaaS solutions to small and mid-sized companies in the construction sector, today reported its results for the third quarter of 2023, ending the period with annual recurring revenue (ARR) of NOK 367 million, which represents a growth of 21 percent compared to the same period 2022. Organic ARR growth was 14 percent. Reported revenue in the third quarter was NOK 99.7 million (+21 percent), of which 97 percent was recurring. Adjusted and reported EBITDA margin increased by 3 percentage points to 42 percent