Upward adjustment of ARR guidance for 2022
Company Announcement No. 11-2022
Copenhagen, December 23rd, 2022
Relesys adjusts ARR guidance for 2022 from previously DKKm 42 - 43 to now DKKm 44 - 45. The adjusted ARR guidance corresponds to a year-on-year growth of 41% - 44%. Revenue guidance remains unchanged at DKKm 42 - 45.
Based on continued strong end of year performance, Relesys is upward adjusting the 2022 full-year outlook for ARR. In December, Relesys has signed a significant add-on agreement with an existing client, which together with sales to new clients, has resulted in an ARR that is better than expected.
Fulfillment of the adjusted expectations is based on below key drivers and assumptions, which were also described in the Quarterly Announcement Q3 2022 (Company Announcement No. 9):
- Continued low ARR churn rate.
- Continued strong ARR uplift of existing clients.
- Continued high growth of client base across industries and in foreign markets.
CONTACT INFORMATION
Relesys A/S
Jesper Roesgaard, CEO
Mobile (+45) 28 45 97 97
Email: jero@relesys.net
Mads Stoffer Larsen, CFO
Mobile (+45) 26 71 01 02
Email: mala@relesys.net
Certified Adviser
Grant Thornton
Mads Riis Møller
Mobile (+45) 22 83 82 34
ABOUT RELESYS
Relesys is a Software as a Service (SaaS) company founded with the sole purpose to create a more engaged and united workforce. The communication and performance platform enables companies to strengthen their internal communication and performance, by providing employees access to an intuitive user-friendly app, with all the information they need to succeed in their jobs, thus improving the overall performance.
Relesys has a strong product-market-fit within the retail industry, but the platform has proven valuable for other industries where a large proportion of the workforce is not working from a desk in front of a computer and who are isolated from the rest of the organization. Relesys provides a scalable software solution and has already a proven track record internationally.
On the 30. September 2022, Relesys had 173 customers in 91 countries and supports 24 different languages. The customer base of Relesys includes brands such as Salling Group, Specsavers, Bauhaus, Matas, Telia, Carlsberg Danmark, Amcor, and Vestas, together with several other market-leading brands.