Relesys reports 40% year-over-year growth in Annual Recurring Revenue in H1 2022.
Relesys A/S | Half-year Report H1 2022
Company Announcement No. 7-2022
Copenhagen, August 29th, 2022
Financial report for the period 1 January 2022 - 30 June 2022
Relesys achieved an Annual Recurring Revenue (ARR) of DKKm 38.2 which is in accordance with the plan.
Current financial guidance is kept unchanged.
Summary:
Six months into the year Relesys has executed on the strategy as presented in the IPO prospectus by increasing sales efforts in existing markets and by establishing an office in the United Kingdom to also expand into the UK market.
- ARR increased from DKKm 27.4 in H1 2021 to DKKm 38.2 in H1 2022, corresponding to 40% year-over-year growth.
- NRR was 108% for the period and 116% year-over-year.
- ARR churn rate was 2% for the period.
- ARR uplift was 13% for the period.
- ARR from new customers increased by DKKm 3.4 during the period.
- Revenue increased from DKKm 15.5 in H1 2021 to DKKm 20.7 in H1 2022, corresponding to 34% growth year-over-year.
Financial Outlook 2022:
For 2022, Relesys expects continued growth in ARR and maintains ARR guidance of DKKm 40–42 at the end of 2022, which is in line with the expectations for the future presented in the IPO prospectus and unchanged from what was communicated in the Quarterly Announcement Q1 2022.
Furthermore, Relesys expects the revenue to grow to DKKm 41–45 at the end of 2022, which is also in line with the expectations for the future presented in the IPO prospectus and unchanged from what was communicated in the Quarterly Announcement Q1 2022.
CONTACT INFORMATION
Relesys A/S
Jesper Roesgaard, CEO
Mobile (+45) 28 45 97 97
Email: [email protected]
Mads Stoffer Larsen, CFO
Mobile (+45) 26 71 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 to an intuitive user-friendly app, with all the information they need to succeed in 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.
On the 30. June 2022, Relesys had 171 customers in 91 countries and supports 24 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.
