CORRECTION : Danish SaaS company Loyal Solutions delivers solid first quarter in a somewhat stormy market

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Loyal Solutions, the market leader in card-linking and SaaS loyalty solutions, continues to see significant growth in its business and pipeline and has during the first quarter of fiscal year 2022-2023 (1/7-30/9-2022) seen excellent performance in current programs and won new contracts with several leading global brands.
CORRECTION is due to missing reference to MAR regulations, which is added in this corrected announcement

Key figures for Q1 of the fiscal year (1/7-30/9-2022)


  • 5.21 MDKK a growth of 36% compared to last year and 2% above budget
  • LTM (Last 12 months) growth of 29% to 19.65 MDKK.
  • Organic growth LTM (Last 12 months) of 21%

ARR (Annual recurring revenue)

  • Growth in Q1 of 20,5% to 19.54 MDKK

Gross margin

  • +6% compared to budget
  • LTM (Last twelve months) gross margin of 8.84 MDKK


  • -3,46Mkk, 33.8% better than budget.
  •  LTM (Last twelve months) EBITDA of -15.47 MDKK

Net Revenue Retention

  • LTM (Last twelve months) 100%  ( no churn)

Key developments in Q1 (1/7-30/9-2022)

Loyal Solutions SaaS platform LoyalTfacts® continues to be the choice of the global market leadersg loyalty programs for:

  • Accor ALL
  • SAS EuroBonus
  • Etihad Airways
  • Darna Rewards by Aldar
  • Mastercard Nordic
  • Receipt Hero
  • Visa Inc
  • FDM

and in Q1 Loyal Solutions was awarded contracts by:

  • Qatar Airways Privilege Club
  • Air Canada, Aeroplan
  • Emirates Skywards

CEO Peter Kisbye comments:

“We are seeing all our client programs performing above expectations, which is a testament to the combined strength of our LoyalTfacts® technology and of our clients’ loyalty programs. Our unique user experience for accruing and redeeming rewards globally really resonates with the real boss – the customer. For the first time, it is just as easy to redeem the rewards a customer has earned as it is to accrue rewards in any program anywhere.

Our LoyalTfacts® technology also enables unique and interesting partnerships for our clients. For example, Etihad Guest, the award-winning loyalty program of Etihad Airways, is now rewarding sustainable choices made by members when shopping, SAS EuroBonus has launched a unique partnership with Foodora, the market leading delivery service, and Receipt Hero the leader in digital receipts in the Nordics, is using the flexibility of LoyalTfacts® to scale their business and further combat wasteful paper receipts. FDM, the Danish Automobile Association, uses LoyalTfacts® to offer members the largest rebates on fuel in the market and Accor ALL is providing guests across 12 countries with unique experiences.

We are very proud and honored to partner with these global and market leading programs. The feedback from both our clients and their ultimate customers confirms our thesis that simplicity works; a simple user experience and simple to use SaaS software are the enablers of unique experiences and a creator of customer loyalty.

As always, none of this would be possible without the fantastic team at Loyal Solutions, now almost double in size from last year, so thank you for being you !


For further information about the Company, please contact
Peter Kisbye, CEO
Phone: +45 21 28 69 60

Certified Adviser
Svensk Kapitalmarknadsgranskning AB
Phone: +46 (0) 11 32 30 732

This press release constitutes inside information that Loyal Solutions A/S is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was sent for publication, through the agency of the contact persons set out below, at the time stated by the Company’s news distributor, Cision, at the publication of this press release.

Loyal Solutions was set up in 2009 with the sole purpose of disrupting the loyalty industry with new technology, new transparent concepts and a 100% focus on the end customer.
Loyal Solutions has quickly become a leading global provider of loyalty concepts, solutions, and technology for selected industries for select clients. Our proprietary technology and global private cloud solutions are state of the art and market leading. We also offer clients full outsourcing options, making implementation of a full program seamless and easy.
We have our HQ in Copenhagen and an IT hub in Johannesburg. We are currently represented in Stockholm, Dubai, San Francisco and Melbourne.