Impero releases Interim 2022-H1 report: Realizes DKK 20.2M in Annual Recurring Revenue corresponding to 42% growth compared to June 30, 2021

Company Announcement No. 7-2022

Copenhagen, August 25, 2022

At the end of the first half of 2022, Impero realizes a 42% year-on-year Annual Recurring Revenue (ARR) growth rate and continues to demonstrate solid SaaS metrics. Impero maintains guidance for the full year of 2022. We expect that fulfillment of the ARR guidance likely is at the lower level of the DKK 26-29M range. Further, EBITDA is expected to be at the better level within the DKK -22 to -18M range.

Financial highlights on June 30, 2022

• ARR increased by 42% to DKK 20.2M from DKK 14.2M on June 30, 2021
• Net ARR growth in 2022-H1 amounted to DKK 1.9M, an increase of 17% compared to 2021-H1
• Uplift was 17% YoY compared to 19% in the 12-month period ending June 30, 2021
• Churn was 4% YoY compared to 5% in the 12-month period ending June 30, 2021
• Net Revenue Retention rate for the 12-month period remained at 113%
• EBITDA for 2022-H1 was negative DKK 9.9M compared to negative DKK 5.9M in 2021-H1

In the first half year, our commercial focus was on accelerating pipeline generation by investing in sales and marketing automation processes and strengthening the commercial organization through important hires, such as our new CMO and a dedicated marketing team as well as expanding collaboration with partners.

The Impero platform was chosen by Deloitte in Denmark as the best-of-breed solution to serve customers currently using Deloitte’s own legacy platform. Furthermore, we established a partnership with the German branch of Mazars, a leading international audit, tax and advisory firm, to strengthen our commercial development in the German mid-market.

New customers are ranging from SMEs to larger enterprises such as the renewable energy developer European Energy and UniCredit Bank Austria, part of the pan-European UniCredit Group.

”For the first half year of 2022, we maintained robust SaaS metrics as we continued developing our business, creating a solid pipeline for execution in the second half of 2022.

Historically, Impero’s ARR growth tends to be slower in the first half of the year compared to the second half. Although we see an uncertain macroeconomic environment, we maintain confidence in our strategic direction.

During the first half of the year, we maintained focus on investing in growth by building an organization allowing us to deliver on our promises. We established a strong marketing team and are pleased to welcome an experienced Chief Commercial Officer as of October 1, 2022.

We believe that these initiatives further strengthen our abilities to deliver on our growth aspirations and create long-term value by helping our customers become transparent and future-proof their businesses through a digitized and efficient approach to compliance management.

Simultaneously we are closely monitoring our capital structure and have applied an agile approach allowing us the flexibility to stay in control while planning our growth strategy for 2023 and onward,” says CEO Rikke Stampe Skov.

Financial guidance

Impero maintains guidance for the full year of 2022. We expect that fulfillment of the ARR guidance likely is at the lower level of the DKK 26-29M range. Further, EBITDA is expected to be at the better level within the DKK -22 to -18M range.

Read the report in its entirety via Impero.com/investors or in the attached.

CEO Rikke Stampe Skov and CFO Morten Lehmann Nielsen will present the Interim Report at a webinar August 30, 2022 at 11:30 AM CEST.

Register for the webinar via: https://hcandersencapital643.clickmeeting.com/impero-praesentation-af-h1-2022/register

For further information, please contact:

Impero

Rikke Stampe Skov, CEO

Mobile: (+45) 25 88 41 02

E-mail: [email protected]

or

Morten Lehmann Nielsen, CFO

Mobile: (+45) 51 17 67 80

E-mail: [email protected]

Certified Adviser

Grant Thornton
Jesper Skaarup Vestergaard

Mobile: (+45) 31 79 90 00

ABOUT IMPERO

Impero A/S is a Danish Software-as-a-Service (SaaS) company that provides a compliance management platform. The Impero platform enables companies to easily manage compliance through automation of risk and control management, documentation, and reporting. Impero empowers companies to become more compliant in a scalable, digital, intuitive, and – most importantly – easy way.

For more information about Impero, please visit http://impero.com/investors