Crayon Group Holding ASA today reported its fourth quarter and full-year 2024 results. For Q4 the company delivered a gross profit growth of 2% percent and an adjusted EBITDA margin of 19.6 percent - an increase of 5 percentage points compared to Q423. The company also delivered its strongest ever Net Working Capital at NOK minus 1,473.
“I’m pleased that we continue to deliver strong gross sales growth of 28 percent, profitability improvements and solid working capital performance. However, I’m disappointed that we didn’t deliver the expected Gross Profit. Tougher market dynamics in the Enterprise Agreements space and underperformance within Enterprise Software, impacted the growth in the quarter. On the positive side, we entered into several strategically important public sector agreements that in the long-term will become more profitable through increased cross- and upsell opportunities,” said CEO Melissa Mulholland.
Global Microsoft Partner Award and the AWS Industry Partner of the Year Award for Telco in EMEA, recognizing our dedication to innovation and excellence in cloud solutions. These accomplishments position us well for future opportunities and continued success,” said Mulholland.
For the full year 2025 the company provides the following outlook:
Gross Profit growth 15-20%
Adjusted EBITDA Margin 19-22%
Net Working Capital ~-15%
www.crayon.com
