Penneo realises 29% year-on-year ARR growth at the end of 2022-Q3
Company Announcement No. 31-2022Copenhagen, 23 November 2022Financial report for the period 1 July 2022 - 30 September 2022Key features · ARR increased by 1.5M DKK to 65.0M DKK in 2022-Q3, corresponding to 29% year-on-year (YoY) growth at the end of 2022-Q3 · ARR increase from Newbizz amounted to 1.1M DKK compared to 1.4M DKK in 2021-Q3 · ARR increase from Uplift amounted to 1.0M DKK compared to 1.8M DKK in 2021-Q3 · ARR lost to churn amounted to 0.7M DKK compared to 0.6M DKK in 2021-Q3 · ARR from foreign markets increased by 0.5M DKK compared to 0.5M DKK in 2021-Q3