Sikri Group ASA: Annual report 2022

28 Apr 2023 06:30 CEST

Oslo, 28 April 2022: Sikri Group ASA today publishes its annual report for 2022.

The Board of Directors of Sikri Group has approved the annual accounts for 2022.
The financial statements and annual report for the financial year 2022 are
attached to this announcement. The ESEF file is also attached.

“The financial year 2022 was another transitional year for Sikri Group with
several important steps towards our ambition to become the leading Nordic data
driven software provider for public case management and proptech. With our
platform and solid base of annual recurring revenue across all segments, we are
well positioned to secure continued growth in our software business in 2023,”
said Nicolay Moulin, CEO of Sikri Group.

Sikri Group acquired Metria AB in April 2022, securing a stronger presence in
the Swedish market. Furthermore, Sikri Group divested Prognosesenteret in
November 2022 to sharpen the focus on software and software related services.

“We have built a foundation for long-term value creation for shareholders.
During the last two years, our M&A strategy has transformed Sikri Group to a
comprehensive provider of data driven software solutions with strong footprint
in two attractive markets: Norway and Sweden. The acquisition of Metria last
year was the most recent large piece of the puzzle, following the acquisition of
Ambita in 2021,” said Moulin.

During 2022, Sikri Group has also strengthened the Company’s financial position
significantly by divesting Prognosesenteret and by raising additional equity.

“The rapid M&A driven and organic growth also transformed our balance sheet, and
during 2022 we reduced our debt by raising more than NOK 300 million in new
equity, which combined with the divestment of Prognosesenteret contributed to
establishing a strong financial platform for continued growth,” said Moulin.

Key financial highlights for 2022:

• Revenue of MNOK 1,032 (up from MNOK 543 in 2021)
• Adjusted EBITDA margin of 17 percent
• Total Annual Recurring Revenue (ARR) of MNOK 373 at the end of 2022
• Raised MNOK 317 of new equity during the year

There are no significant changes to Sikri Group’s consolidated statement of
profit and loss and financial statement compared to the preliminary numbers
disclosed in the Q4 interim report.

The annual report is also available in the investors section of the Company’s
website:
https://sikrigroup.com/reports-and-presentations

For further queries, please contact:

Sikri Group ASA:

Nicolay Moulin
Chief Executive Officer
Tel: +47 90 59 19 83
Email: Nicolay.moulin@sikri.no

Camilla Aardal
Chief Financial Officer
Tel: +47 97 10 51 55
Email: Camilla.aardal@sikri.no

About Sikri Group ASA

Sikri Group is a software house providing highly specialized software and
services towards the public sector and a leading company within property data,
property technology and data economics in the Nordics. Our customer base spans
public sector as well as private businesses within real estate, banking,
insurance, property developers, media companies, builders, property owners,
taxation companies, engineers, power companies and building materials
production. We create value for public sector, private businesses, and citizens,
with an innovative approach to the use of data and data analysis. Our ambition
is to build the leading Nordic ecosystem for public administration, property
technology, analysis and data.

More information:
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588878_SikriGroup_ASA_2022-12-31_EN.zip
588878_Sikri Group Annual Report 2022.pdf