Solid growth in international markets and continued strong working capital performance

21 May 2025 07:00 CEST

Crayon Group Holding ASA today reported its results for the first quarter 2025.
The company delivered a gross profit growth of 5 percent and an adjusted EBITDA
margin of 12.1 percent. Not least, the company delivered strong net working
capital of NOK minus 1,486.   

“I’m pleased with our solid international growth this quarter and that we
continue to demonstrate our ability to deliver strong net working capital.
However, the performance in parts of the Nordics was disappointing, consequently
impacting our overall figures,” said CEO Melissa Mulholland.

“Going forward, we are well positioned to drive continued profitable growth
based on market position, strong CSP capability and service offering. As we
experience strong demand, not least in the public sector, we are scaling up and
onboarding new colleagues across key markets. At the same time, we are preparing
for the combination of SoftwareOne and Crayon, which will further enable us to
capitalize on our mutual strengths, not least our hyperscaler partnerships,
including with Microsoft, Google and AWS,” said Mulholland.

Key figures 

Gross Profit  NOK 1,546m

Adjusted EBITDA NOK 186m

Net Working Capital  NOK -1,486m​

The financial report and presentation for Q1 2025 are enclosed and available
at  https://www.crayon.com/investor-relations. CEO Melissa Mulholland and CFO
Brede Huser will present the results in a live webcast at 8:30 am CET that can
be accessed at www.crayon.com/investor-relations. It will be possible to submit 

questions online.

To join the conference call by telephone and ask questions, please use the
information below:
 
Dial in numbers: 
DK: +45 7876 8490 
SE: +46 8 1241 0952 
NO: +47 2195 6342 
UK: +44 203 769 6819 
US: +1 646-787-0157 
DE: +49 30 21789327 
Conference Code: 115901 
 
A recording of the webcast will be available on-demand after the live event has
concluded. 
 
Investor contact: 
Kjell Arne Hansen 
Head of Investor Relations and Corporate Finance 
ir@crayon.com 

About Crayon

Crayon is a customer-centric innovation and IT services company with over 4000
team members across 46 countries. We optimize businesses’ IT estate to help them
innovate with expertise they can trust. Our services create value for companies
to thrive today, and scale for tomorrow. For more information, visit
www.crayon.com.

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646962_Crayon Group Q125 Earnings presentation.pdf
646962_Crayon Group Q125 Earnings report.pdf