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Mercell continuing its strong growth in the second quarter

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Continued growth in the second quarter 2021

  • Completed Nordic consolidation with the acquisition of Cloudia in Finland
  • Bolt-on acquisitions of CTM Solutions and Ibistic in Denmark
  • Secured acquisition funding with NOK 400m share issue and SEK 500m bond tap issue
  • ARR of NOK 770 million, up 158% year-on-year with 21% organic growth
  • Q2 revenue of NOK 170, up 149% million year-on-year
  • Adjusted EBITDA margin of 28%
  • M&A cost and other special items of NOK 50 million

Oslo, August 25, 2021: Mercell Holding ASA (Mercell) reports 158% growth in Annual Recurring Revenue (ARR) to NOK 770 million in the second quarter 2021, combining 21% organic growth and acquisitions.

Revenue increased by 149% to NOK 170.3 million. Reported EBITDA showed a loss of NOK 2.1 million, including M&A cost and other special cost items of NOK 49.8 million. Adjusted EBITDA was hence NOK 47.7 million, with an adjusted EBITDA margin of 28%.

- Mercell took major steps forward in the second quarter. We put in place the ‘last piece of the puzzle’ in the Nordics with the acquisition of Cloudia in Finland, carried out two smaller acquisitions in the Netherlands and Denmark, and continued our organic growth. Having completed six acquisitions over the past year, our main focus in the second half of the year will be on the successful integration of the acquired companies and profitable growth for the existing business,” says CEO Terje Wibe in Mercell.

Mercell expects to continue growing both organically and through acquisitions in the years to come. As outlined in the interim report for the first quarter, the company has an ambition to more than double ARR in existing markets from the end of 2020 to the end of 2025 and see large growth opportunities in other European markets. The company is well positioned to fulfil its vision of becoming the preferred e-tendering and procurement platform in Europe by unleashing the full potential of a user-friendly and trusted marketplace.

 

CEO Terje Wibe and CFO Fredrik Eeg will host a presentation and Q&A session today at 08:00 CEST. Please use the following link to access the presentation:

https://streams.eventcdn.net/mercell/q2-2021


The presentation will be followed by a Q&A session with the management. Questions may be asked in writing during and after the presentation in the questionnaire below the webcast window.

The report, presentation and the link to the webcast will be made available at: https://investor.mercell.com

CEO Terje Wibe                     

Cell: +47 90 83 79 98

Email: terje.wibe@mercell.com       

CFO Fredrik Eeg

Cell: +47 90 83 33 78

Email: Fredrik.eeg@mercell.com

About Mercell Holding:

Mercell delivers services to public and private buyers and our goal is to become the leading software-as-a-service (SaaS)-platform for e-tendering and procurement in Europe. Mercell is a leading platform for public e-tendering, recently entering the procurement market. We service approximately 30.000 customers across 15 European markets and in the US. Mercell's unique marketplace simplifies the tender and procurement process and makes it safe and easy for buyers to find relevant suppliers for their tenders and daily purchasing needs. We also ensure suppliers find relevant business opportunities as well as tools for the suppliers to digitally receive and handle purchases from public and private buyers.

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