Penneo: Reports ARR and upgrades EBITDA guidance - ABG
ARR in line, new adj. EBITDA guidance 28% higher vs. ABGSCe
Upgrade driven by higher recognised revenues and lower costs
Expect cons to raise profitability estimates into '24e-'25e
Announces ARR and upgrades FY'23 adj. EBITDA guidance
Today, Penneo has announced preliminary ARR for '23 and upgraded its adj. EBITDA guidance. Preliminary ARR of DKK 89.3m (corresponding to ~26% y-o-y growth) was in line with our estimate of DKK 89.5m and within the DKK 87m-92m FY'23 guidance range. The company now guides for an adj. EBITDA of negative DKK 8m-10m (previously negative DKK 10m-15m) vs. ABGSCe at negative DKK 12.5m.
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/penneo/Equity-research/2024/1/penneo---reports-arr-and-upgrades-ebitda-guidance/