CSAM delivers growth in ARR and 5% EBITDA margin in Q3-22.

30 Nov 2022 08:00 CET

Oslo, Norway, 30 November 2022: Today, CSAM Health Group AS (CSAM), a leading
provider of specialised software for healthcare, published its results for the
third quarter of 2022.

CSAM reports an EBITDA margin of 5% for Q3-22 and an increase of ~5% in
recurring revenue compared to Q3-21. CSAM’s long-term relations with healthcare
providers and emergency services across 25 countries underline the benefits of
its business model, especially in times of macroeconomic uncertainty.

CSAM CEO Sverre Flatby highlights the development: “This quarter, 82% of the
total revenue is recurring and with 92% gross margin the backbone of our
business is gradually getting stronger.”

Several contracts were renewed and expanded last quarter. For instance, in the
Public Safety area, the CoordCom team renewed contracts with region Valencia’s
112 and emergency response organisation in Spain, as well as the public
emergency services provider in Moldova. Another product line in Public Safety,
Optima, also reached several successful milestones in Q3, with new and renewed
contracts in Australia, Canada, the US and the UK.

“The predictability that comes from our long-term customer relationships allows
us to keep a steady course towards our NOK 1 billion goal in 2025,” says Flatby.

“We are always ready to strike M&A deals, but only when the fundamentals are
right and on opportunities which increase the likelihood of value creation for
our shareholders.”

Highlights Q3-22:
• Total income 86.5 MNOK
• Recurring revenue grew by ~5% (Q3 2022 vs Q3 2021)
• EBITDA was 4.7 MNOK resulting in a 5% EBITDA margin
• Organic growth of 2.4% in local currencies, 5.4% YTD
• Gross margin 92%
• Reorganising to increase operational efficiencies and enhance profitability

For more information, please contact:
Einar Bonnevie
Chief Financial Officer
+47 91 55 45 32
einar.bonnevie@csamhealth.com

About CSAM
CSAM Health Group is the leading provider of specialised software for healthcare
in the Nordics. From this solid foundation the company has grown to serve more
than 500 customers in 25 countries. Our highly specialised software solutions
are instrumental in the clinical care processes of healthcare providers and in
enabling emergency responders to enhance public safety. CSAM’s headquarters are
in Oslo, Norway. CSAM has more than 300 dedicated specialists in ten countries
across Europe, Asia, Oceania and North America, including a wholly-owned
software engineering subsidiary in the Philippines.

For more information, visit www.csamhealth.com
Follow us on LinkedIn
Subscribe to our newsletter: http://eepurl.com/dsoOJH

More information:
Access the news on Oslo Bors NewsWeb site

577003_2022-11-30 CSAM Health Group AS - Quarterly Report Q3-22_Final.pdf
577003_CSAM QR 2022 Q3.pdf