Penneo achieves 25% year-on-year ARR growth in H1-2023
Company Announcement No. 27-2023Copenhagen, 17 August 2023Interim financial report for the period 1 January 2023 - 30 June 2023H1-2023 performance highlights · ARR increased by 8.3M DKK to 79.2M DKK corresponding to 25% year-on-year (YoY) growth at the end of the quarter · ARR increase from Newbiz amounted to 4.3M DKK compared to 4.8M DKK in H1-2022 · ARR increase from Uplift amounted to 5.3M DKK compared to 4.0M DKK in H1-2022 · ARR lost to Churn amounted to 1.2M DKK compared to 0.7M DKK in H1-2022 · ARR from foreign markets increased by 2.4M DKK compared to 3.3M DKK