SmartCraft ASA (SMCRT) - Annual Report 2022

28 Mar 2023 07:15 CEST

28.3.2023 07:15:01 CEST | SmartCraft ASA | Annual financial and audit reports

28 March 2023 - SmartCraft ASA, the leading Nordic provider of mission-critical
SaaS solutions to small and mid-sized companies in the construction sector,
today published its Annual Report and Sustainability Report for 2022. The report
is enclosed, together with the company's annual financial statements in European
Single Electronic Format (ESEF). The documents are also available on the
Company's website.

"Reflecting on 2022, we are happy to conclude that we continue our strong track
record of high revenue growth and continued high margins even in a market with
global turmoil. Low churn and increased number of customers is a proof point
that our SaaS based solutions for construction companies and craftsmen are
attractive even in turbulent times. They are easy to use, affordable and
contribute strongly to increased efficiency and control for the customer," said
CEO of SmartCraft Gustav Line.

SmartCraft grew revenues by 23 percent to NOK 333 million in 2022, and the
adjusted EBITDA margin was 39 percent.

"The construction industry is among the least digitalized, and as a leading
player in the field we have a solid growth outlook. Our SME customers are mainly
operating with upgrades, services and maintenance of existing buildings, jobs
that needs to be done regardless of the economic climate. Additionally, the
majority of our users are electricians and plumbers who experience great demand
due to all the energy savings initiatives from their customers as well as
tougher environmental regulations. We maintain our medium-term target of 15-20
percent organic revenue growth with increasing margins due to scalability of the
business. In addition, we will seek to continue to grow our business through
value accretive bolt-on acquisitions," said Gustav Line.

SmartCraft's Sustainability report 2022 is expanded compared to the previous
year, and the company releases its first ESG score card.

"The construction industry plays a hugely important role with regards to
decarbonization and net zero, and there are significant opportunities for
SmartCraft to support the industry on the journey. During 2023 we will establish
short-and long-term sustainability targets and strengthen the way we report
progress," said Gustav Line.

DISCLOSURE REGULATION

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation, and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act.

The stock exchange announcement was published by the contact person, at the date
and time as set out above.

CONTACTS

* Gustav Line, CEO, +47 952 67 104, gustav.line@smartcraft.com
* Kjartan Bø, CFO, +47 410 27 000, kjartan.bo@smartcraft.com

ABOUT SMARTCRAFT ASA

SmartCraft is the leading Nordic provider of mission-critical SaaS solutions to
SME's in the construction sector. The company's business model is highly
scalable, based on 96% recurring revenue and low churn. The construction sector
is among the least digitalized industries and represents a NOK 10bn software
market in the Nordics, growing at a double-digit rate. SmartCraft's solutions
help customers to increase their productivity, margins, and resource efficiency.

ATTACHMENTS

SmartCraft Annual report 2022.pdf -
https://kommunikasjon.ntb.no/ir-files/17847761/2209/2990/SmartCraft%20Annual%20r
eport%202022.pdf

smartcraftasa 2022 12 31 en.zip -
https://kommunikasjon.ntb.no/ir-files/17847761/2209/2992/smartcraftasa%202022%20
12%2031%20en.zip

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586308_en_smartcraftasa 2022 12 31 en.zip
586308_en_SmartCraft Annual report 2022.pdf