Crayon Group Holding ASA

CRAYN

Equity

ISIN NO0010808892 / Valor 38843127

Oslo Stock Exchange (2025-04-01)

NOK 112.80+0.36%

Crayon Group Holding ASA
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About company

Crayon Group Holding ASA is a global leader in IT advisory services, specializing in software and digital transformation solutions. The company assists organizations in optimizing their IT resources, ensuring compliance, and facilitating innovation through cloud technologies, volume licensing, and associated consulting services. With a focus on maximizing value from complex technology investments, Crayon serves a diverse range of clients across various industries. The firm's commitment to transparency and adherence to regulatory standards is evident in its investor relations activities, where it ensures the provision of accurate and timely information to the capital markets, investors, and other stakeholders. This approach underlines Crayon's dedication to maintaining high standards of corporate governance and operational excellence in its mission to help businesses achieve their digital transformation objectives.

Summarized from source with an LLMView SourceSector: Technology

Profitability Growth

In the third quarter of 2024, Crayon Group Holding ASA reported significant profitability growth, with an adjusted EBITDA increase of 66 percent. This growth reflects the company's strategic focus on enhancing profitability within its consulting business and expanding its international market presence.

Gross Profit Increase

Crayon Group Holding ASA's gross profit for Q3 2024 rose by 14 percent, primarily driven by robust growth in the Nordics and Europe. The demand for software and cloud services remained strong across multiple vendors, contributing to this increase.

Working Capital Improvement

The company achieved a notable improvement in its working capital, which increased by 748 million NOK compared to the same quarter in the previous year. This improvement underscores Crayon Group Holding ASA's effective management of its financial resources.

Net Profit Growth

Crayon Group Holding ASA reported a net profit of 82 million NOK for the third quarter of 2024, marking an increase of 95 million NOK from the previous year. This growth highlights the company's successful efforts in boosting its profitability.

Outlook and Market Adjustments

Despite a more cautious market environment than anticipated, Crayon Group Holding ASA remains optimistic about its growth opportunities. The company has made minor adjustments to its guidance, projecting gross profit growth of 15% to 17% and adjusted EBITDA of 19% to 20%, while continuing to focus on customer value and cost control.

Summarized from source with an LLMView Source

Key figures

41.2%1Y

-30.5%3Y

138%5Y

Performance

49.5%1Y

52.6%3Y

51.1%5Y

Volatility