Loyal Solutions announces half year results for 1/1-30/06 2022

Danish SaaS company Loyal Solutions delivers 31% ARR growth in first full year as a listed company

CEO Peter Kisbye comments:

“The period 1 July 2021 – 30 June 2022 (“the Period”) was the first full year post our IPO (“Initial Public Offering”) on Nasdaq First North Growth Market Stockholm 3 June 2021.

In our first full year as a listed company, the Company delivered close to the budgeted results, with a:

• Growth in annual recurring revenue (ARR) of 31%
• Top line revenue reaching 94% of budget.
• EBITDA of TDKK -14,5 vs a forecasted EBITDA of -19,5 and a prospectus estimated EBITDA of TDKK -24,5. 

During the Period the Company signed a long-term global agreement with Visa Inc. as well as a regional agreement with Mastercard Nordics, both important foundations for our future growth. The Company’s pipeline grew at the expected pace. In the latter part of the Period, the Company did experience a degree of hesitancy in making decisions with pipeline clients and in the general market. As a consequence, the market approach was adjusted to accommodate this.   

Our current clients’ programs have all performed better than expected during the Period, further validating the resilience of our SaaS business model, and proving the inherent long term growth potential in SaaS card linked loyalty programs. While at different stages of maturity, all current programs achieved a better-than-expected growth rate year-on-year, and with several clients now expanding to other countries post covid-19, we have a firm client base on which to build future growth.

Our most important resource, our employees, continues to do an outstanding job, including our new IT Development colleagues in Johannesburg. Despite being quite busy we have maintained our focus on work-life balance and on providing flexible working hours and locations.  We truly believe in putting employees first and that “team is everything”, so a big thank you to everyone at Loyal Solutions for the results delivered during this first full year as a listed company. “
 

HIGHLIGHTS FOR THE SECOND HALF YEAR 1/1-30/6 2022

Business and operational highlights

During the second half of financial year 2021/22 the Company reached several milestones, including

• Very positive development in all client programs
• New IT-hub in Johannesburg, South Africa
• New larger offices in Copenhagen
• Aral – Visa project in Germany launched in June
• Partial payments with points introduced in Darna rewards by Aldar
• Developed several new modules for LoyalTfacts®, making program management ever easier for clients
• Passed our annual PCI DSS Level 1 audit
• Per Kogut joined the Board, bringing 20+ years of IT experienced as CEO in Computer Associates and NNIT
• Subscription period Warrants series TO1 ended with none being exercised
• Account-to-Account payment modules developed and introduced at first client
• Loyal Solutions first in market with “Pay with Points” with Mastercard in the Middle East

Conference call to present second half of financial year 2021/22

Loyal Solutions will present its second half year report 2021/22 results in a brief live webcast through MS Teams on 31 August 2022, at 10.00-10.30 CET. 
Please join and ask questions directly to our CEO, Peter Kisbye, and CFO, Pernille Normand Farup-Hansen, at this investor event.

To participate, please join the conference call on this LINK

The audited annual report will be made public on our website under “reports and presentations” on the 15 September 2022 at 08.00 CET.
The Annual General Meeting will be held on 3 October 2022 at 13.00 CET at the Company headquarters in Copenhagen

Certified Adviser
Svensk Kapitalmarknadsgranskning AB
Telefon: +46 11 32 30 732
E-post: ca@skmg.se

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.

For further information about Loyal Solutions A/S, please contact:
Peter Kisbye, CEO
Telephone: +45 2128 6960
E-mail: pki@loyalsolutions.eu
Or
Pernille Normand Farup-Hansen, CFO
Telephone: +45 2258 7837
E-mail: pnf@loyalsolutions.eu

About Loyal Solutions

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 SaaS technology for selected industries and clients. Our proprietary technology and global private SaaS 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 an IT hub in Johannesburg, South Africa and are represented in Stockholm, Dubai, San Francisco, and Melbourne.