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Pörssitiedote

SignUp Software AB (publ) Interim Report January - March 2023

SignUp Software
Lataa tiedote

January – March 2023

  • Annual recurring revenue (ARR) grew to SEK 261.1m, 4.4%, during the quarter.
  • At the end of Q1, ARR amounted to SEK 261.1m (208.3), a growth of 25% during the last twelve months.
  • Net sales for the period amounted to SEK 74.1m (55.9) which correspond to a growth of 33% compared to Q1 2022.
  • EBITA amounted to SEK 7.7m (4.8), a margin of 10.4% (8.6) of net sales.
  • Net Profit SEK 4.7m (0.4).
  • Earnings per share SEK 0.20.
  • Earnings per share after dilution SEK 0.20.

SignUp has started the year in a good way, and we can see that the investments made during 2022 in our subsidiaries in Benelux and North America are paying off. These subsidiaries are now well functional units that can sell, implement, and support our customers by themselves. This is reflected in the improved EBITA margin, which was 10.4% during the quarter.

From a growth perspective the quarter was in line with our expectations and revenue and ARR growth was 33% and 25% respectively, compared to same period previous year.

The APAC and North America markets have been the strongest growing markets during the quarter and had at the end of the quarter a 42% share of SignUp´s total ARR.

On the 17th of April, Insight Partners through SUS Intermediate Company AB (pending name change from Goldcup 33000 AB) (the “Bidder”) announced a public cash offer, recommended by an independent bid committee, to the shareholders of SignUp Software AB (publ) to tender all their shares in SignUp to the Bidder at a price of SEK 104 per share.
 
Olof Hedin, CEO

Contacts


Olof Hedin, VD, SignUp Software AB (publ)

Mob: +46 730 21 15 07

E-mail: olof.hedin@signupsoftware.com

Mattias Ek, CFO, SignUp Software AB (publ)

Mob: +46 735 33 00 13

E-mail: mattias.ek@signupsoftware.com

About SignUp Software AB (publ)


SignUp is a profitable growing software company that offers a comprehensive solution, ExFlow, for accounts payable automation built into Microsoft's Dynamics ERP. The Company has established itself as a global player with a number of large companies as customers and several partnerships. SignUp was founded in 1999 and is headquartered in Solna, Sweden with additional offices in Denmark, Australia, U.K., Singapore, Canada, the Netherlands and the USA.

Certified Advisor
FNCA Sverige AB

This information is information that SignUp Software AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-04-27 07:30 CEST.

Attachments


SignUp Software AB (publ) Q1 2023

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