Impero reports 44% growth in Annual Recurring Revenue for 2021-H1 compared to 2020-H1 in line with IPO strategy plan
Interim financial report for the period January 1, 2021 to June 30, 2021
Highlights from 2021-H1
- Impero increased ARR by 44% in 2021-H1 compared to 2020-H1. ARR for 2021-H1 amounted to DKK 14.2M on June 30, 2021. Impero’s growth is in line with the strategy plan presented in the IPO document.
- Impero successfully maintained an uplift of 8% from existing customers.
- Impero presented churn below 2%.
Impero maintains expectations for Annual Recurring Revenue for the entire year of 2021, expecting ARR at the level of DKK 18-19.5M, as announced in the IPO document. Consequently, the year’s ARR growth rate is expected to be at the level of ~50%.
Management commentary
In 2021-H1, Impero continued to focus on the growth strategy plan presented in the IPO document, i.e., securing ARR growth, maintaining a low churn rate, and maintaining a high uplift rate. Hence, Impero continued to strengthen direct sales activities, establish new partnerships, and scale the organization.
In 2021-H1, Impero saw the effects of the IPO growth strategy plan with 44% growth in ARR. The maintained uplift of 8% from existing customers amounted to DKK 1M. On June 10, 2021, Impero announced a global agreement with GroupM, the world’s largest media agency. This agreement is testament to the successfulness of the land and expand-strategy as it was a result of a pilot contract with GroupM in Denmark, which is currently being uplifted to a global rollout across GroupM offices beginning in 2021-H2.
In Company Announcement No. 5-2021, a new collaboration with KPMG LLP (Canada) was announced and, after closing the half-year, another partnership with KPMG was introduced when a partnership with Meijburg & Co (the Netherlands) was announced in Company Announcement No. 8-2021.
Impero achieved a churn rate below 2%. The low churn rate is a tribute to the high levels of customer satisfaction as well as product stickiness.
Furthermore, the organization doubled in size compared to 2020-H1, with colleagues joining Impero from several European countries. A new office also opened in Düsseldorf, Germany and Impero now has corporate entities in Denmark, Germany, and United Kingdom.
The interim report will be presented at a webinar on August 31, 2021 at 2:00 PM CEST.
Register for the webinar via: https://hcandersencapital643.clickmeeting.com/impero-praesentation-af-h1-2021/register
Read the report in its entirety via impero.com/investors or in the attached.
For further information
Impero
Rikke Stampe Skov, CEO
Mobile: (+45) 25 88 41 02
E-mail: rss@impero.com
Certified Adviser
Grant Thornton
Jesper Skaarup Vestergaard
Mobile: (+45) 31 79 90 00
ABOUT IMPERO
Impero A/S is a Danish Software-as-a-Service (SaaS) company that provides a compliance management platform. The Impero platform enables companies to easily manage compliance through automation of risk and control management, documentation, and reporting. Impero empowers companies to become more compliant in a scalable, digital, intuitive, and – most importantly – easy way.
For more information about Impero, please visit impero.com/investors.
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