Penneo: Prelim. ARR of DKK 71m; improved profitability - ABG
Prelim. ARR of DKK 71m corresponds to 28% y-o-y growth
New '22 adj. EBITDA guidance of negative DKK 10m-12m
Mostly one-time effects, limited changes to cons. for '23e
'22 prelim. ARR of DKK 71m vs. ABGSCe at DKK 70m
Penneo adjusted its FY'22 adj. EBITDA guidance following the release of its preliminary ARR numbers for '22 ahead of the annual report on 28 February. Preliminary ARR came in at DKK 71m, corresponding to 28% y-o-y ARR growth, and is within the DKK 70m-75m ARR guidance range and broadly in line with ABGSCe at DKK 70m. Adj. EBITDA guidance was adjusted to negative DKK 10m-12m from negative DKK 15m-20m.
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/penneo/Equity-research/2023/1/penneo---prelim.-arr-of-dkk-71m-improved-profitability/