Crayon Group Holding ASA today reported its results for the first quarter 2025. The company delivered a gross profit growth of 5 percent and an adjusted EBITDA margin of 12.1 percent. Not least, the company delivered strong net working capital of NOK minus 1,486.
"I'm pleased with our solid international growth this quarter and that we continue to demonstrate our ability to deliver strong net working capital. However, the performance in parts of the Nordics was disappointing, consequently impacting our overall figures," said CEO Melissa Mulholland.
"Going forward, we are well positioned to drive continued profitable growth based on market position, strong CSP capability and service offering. As we experience strong demand, not least in the public sector, we are scaling up and onboarding new colleagues across key markets. At the same time, we are preparing for the combination of SoftwareOne and Crayon, which will further enable us to capitalize on our mutual strengths, not least our hyperscaler partnerships, including with Microsoft, Google and AWS," said Mulholland.
| Key figures | |||
| Gross Profit | NOK 1,546m | ||
| Adjusted EBITDA | NOK 186m | ||
| Net Working Capital | NOK -1,486m | ||
The financial report and presentation for Q1 2025 are enclosed and available at https://www.crayon.com/investor-relations. CEO Melissa Mulholland and CFO Brede Huser will present the results in a live webcast at 8:30 am CET that can be accessed at www.crayon.com/investor-relations. It will be possible to submit
questions online.
To join the conference call by telephone and ask questions, please use the information below:
Dial in numbers:
DK: +45 7876 8490
SE: +46 8 1241 0952
NO: +47 2195 6342
UK: +44 203 769 6819
US: +1 646-787-0157
DE: +49 30 21789327
Conference Code: 115901
A recording of the webcast will be available on-demand after the live event has concluded.
Investor contact:
Kjell Arne Hansen
Head of Investor Relations and Corporate Finance
ir@crayon.com