Even though growth outside Sweden was lower than we had expected in the first quarter, we detect a trend of continuing improvement in the business climate. During the first quarter, we had satisfactory growth in new orders compared with last year.

The acquisition of Uselike is in line with Lime’s strategy for expansion into new European markets. With its head office in Cologne, Userlike offers a natural entrance to the German market.

Userlike is on a fantastic growth trajectory, with stable growth of around 30 % since 2014. By backing them up with our experience and know-how alongside our strong sales and marketing organisation, we will create the conditions for even faster growth and expansion in new markets. At the same time, we see massive opportunities in being able to offer this functionality in our own solutions.

We are continuing to invest aggressively even during the ongoing pandemic, and we are now ready for our next market outside the Nordic Region. We regard Germany as an exciting and major CRM market, with potential which we believe suits our offering. Focusing even more sharply on growing internationally will be one of my foremost priorities in my future role.

We, at Lime, continuously attempt to seize the opportunities that arises in the pandemic by investing in sales, marketing, recruitment and product development.

We attack when faced with a crisis. We retain our focus on growth and invest in sales and marketing. Thanks to the adopted strategy we achieved growth of 21% and an EBITA margin of 26% in the second quarter.

We attack when faced with a crisis. We retain our focus on growth and invest in sales and marketing. Thanks to the adopted strategy we achieved growth of 21% and an EBITA margin of 26% in the second quarter.

We are proud of the high growth and solid profitability we achieved in the first quarter. Encouraged by these results, we are now ready to fight the crisis as a tiger and to maintain our growth focus, while also investing in marketing and sales.

Sweden performed strongly in the third quarter and grew by 17% compared to the same period last year. The positive trend in the rest of the Nordic region continued with total growth of 54% and an increase in subscription revenue of 74%.