Mercell reports growth and margin improvement in 2021
· Continued ARR growth to NOK 793 million, +44% year-on-year with organic growth of 18% · Revenue +83% to NOK 199 million in Q4 and +126% to NOK 706 million in 2021 · Reported EBITDA of NOK 59.7 million in Q4 and NOK 105.0 million for 2021 · Earn-out provisions reversed after downward revision of ARR in Cloudia · Adjusted EBITDA of NOK 35.5 million in Q4 and NOK 172.9 million for 2021 · Current focus on enabling continued strong and profitable growth in the existing businesses · Expecting improved EBITDA-margins in 2022, and solid free cash flow from 2022 onwards · On