Relesys A/S realizes growth in Annual Recurring Revenue of 40% in 2021
Relesys A/S | Annual Report
Company Announcement No. 2-2022
Copenhagen, March 28th, 2022
Inside Information
Financial report for the period 1 January 2021 - 31 December 2021
Relesys achieved an Annual Recurring Revenue (ARR) growth of 40% thus exceeding the ARR guidance of DKK 30.6m for FY2021.
Summary:
Relesys continued to deliver double-digit growth rates of ARR and revenue. Sweden and the Benelux regions both showed strong growth rates, and sales are continuously accelerating in both areas. Furthermore, Relesys continued to sign top industry brands such as Vestas and Carlsberg Danmark.
- ARR increased from DKKm 22.4. to DKKm 31.3 corresponding to 40% growth end for 2021.
- Client retention rate amounted to 94%
- ARR churn rate amounted to 3%
- ARR uplift amounted to 10%
- ARR from new customers increased by 32% end of 2021 compared to 2020
- EBITDA amounted to negative DKKm 1.2 as a result of the planned investments presented in the IPO prospectus.
Financial Outlook 2022:
Relesys continues to focus on growing the existing markets in Scandinavia and Benelux. In addition, Relesys will enter the UK market during 2022, which means that Relesys will increase both staff costs and other external expenses significantly.
For 2022, Relesys expects continued growth in ARR and guides ARR at DKKm 40–42 at the end of 2022, which is in line with the expectations for the future in the IPO prospectus.
Furthermore, Relesys expects the revenue to grow to DKKm 41–45, at the end of 2022.
Chairman of The Board of Directors, Alexander Martensen-Larsen says:
“The Board of Directors is very pleased that we in Relesys are delivering on our promises with a strong ARR, and revenue growth driven by high customer retention and a growing client base among industry-leading brands. We look forward to continuing the strong collaboration with the Executive Management Team during the exciting times that lie ahead.”
Jesper Roesgaard, CEO of Relesys says:
”We are immensely proud to deliver a solid set of financial results, thus meeting our guidance for FY2021. It’s been the most eventful year in Relesys’ history, where we have had to balance our existing business and grow our client base while preparing for the business for going public. I am so grateful for the trust and confidence our clients show us every day and humbled that we welcomed more than 1,100 new investors when we listed on Nasdaq First North Premier Growth Market Denmark in December. But of course, this couldn’t have happened without the incredible team in and around Relesys whom every day go above and beyond to ensure our growth while delivering on our continuous high standards.”
CONTACT INFORMATION
Relesys A/S
Jesper Roesgaard, CEO
Mobile (+45) 28 45 97 97
Email: [email protected]
Mads Stoffer Larsen, CFO
Mobile (+45) 26 61 01 02
Email: [email protected]
Certified Adviser
Grant Thornton
Mads Riis Møller
Mobile (+45) 22 83 82 34
ABOUT RELESYS
Relesys is a Software-as-a-Service (SaaS) company founded with the sole purpose to create a more engaged and united workforce. The communication and performance platform enables companies to strengthen their internal communication and performance by providing employees access via an intuitive user-friendly app, with all the information they need to succeed with their jobs, thus improving the overall performance.
Relesys has a strong product-market-fit within the retail industry, but the platform has proven valuable for other industries where a large proportion of the workforce is not working from a desk in front of a computer and who are isolated from the rest of the organization. Relesys provides a scalable software solution and has already a proven track record internationally.
End of year 2021, Relesys has 161 customers in 91 countries and supports 23 different languages. The customer base of Relesys includes brands such as Salling Group, Specsavers, Bauhaus, Matas, Telia, Carlsberg Danmark, Amcor, and Vestas, together with several other market-leading brands.