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Oneflow interim report Q2 2022: New all-time-high in sales

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Press release
August 12, 2022

Oneflow publishes its interim report for the second quarter of 2022.

April - June 2022 (compared to the same period last year)

  • Net sales increased 59% to MSEK 16.5 (10.3). Share of Net sales outside Sweden increased to 24% (17) with paying users in 27 countries.
  • EBIT was MSEK -13.4 (-7.1), with an EBIT margin of -81.3% (-69.1).
  • Basic earnings per share amounted to SEK -0.58 (-0.39) and diluted to SEK -0.58 (-0.39).
  • Total ARR increased 66% to MSEK 74.7 (45.1). Net New ARR for the second quarter increased 28% to MSEK 9.0 (7.0).
  • Opened an office in the UK in May, and started the process of opening offices in the Netherlands and France.
  • On 8 April 2022 Oneflow successfully got listed on First North, and raised a total of MSEK 290 including the over-allotment.

January - June 2022 (compared to the same period last year)

  • Net sales increased 62% to MSEK 31.0 (19.2). Share of Net sales outside Sweden increased to 23% (16) with paying users in 27 countries.
  • EBIT was MSEK -24.3 (-14.7), with an EBIT margin of -78.5% (-76.7).
  • Basic earnings per share amounted to SEK –1.22 (-0.81) and diluted to SEK -1.22 (-0.81).
  • Total ARR increased 66% to MSEK 74.7 (45.1). Net New ARR for the first six months increased 43% to MSEK 17.6 (12.3).
  • Opened an office in the UK in May, and started the process of opening offices in the Netherlands and France.
  • On 8 April 2022 Oneflow successfully got listed on First North, and raised a total of MSEK 290 including the over-allotment.

Anders Hamnes, CEO and Founder of Oneflow, comments:

“Oneflow continued to deliver strong sales numbers during the second quarter. The ARR increased with an all-time-high of MSEK 9.0, ending at a total of MSEK 74.7, representing a year-over-year growth of 66%. We expect to continue our fast-paced growth going forward.”

Oneflow Q2’s webinar presentation

Anders Hamnes, CEO and Founder of Oneflow will present the report and answer questions in a webinar at 10:00 CET today. The presentation will be held in English.

To join the conference, please register here: https://oneflow.zoom.us/webinar/register/WN_bcYi07ZDTpiyyzbJfPKyuQ

Report and presentation will be available for download on our website here: https://oneflow.com/ir/investors/financial-reports/

This information is such information that Oneflow AB (publ) is obligated to make public according to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on 6 May 2022 at 8:00 CET.

For further information, please contact:
Anders Hamnes, CEO and Founder
Mobile: +46 76 788 50 76
Email: anders.hamnes@oneflow.com

Certified Adviser is FNCA Sweden AB and can be reached on email: info@fnca.se and telephone: +46 (0) 8528 00 399.

About Oneflow

Oneflow develops, sells and implements digital contract management and automation systems. Oneflow believes that contract processing today, both in Europe and globally, is mainly characterized by manual and paper or file-based contract management, which result in a high degree of time and resource-intensive administrative work and high exposure to human errors. Through Oneflow software platform, companies are given the opportunity to digitally handle contracts before, during and after signing within one single platform in order to automate and streamline the contract management process.

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