January - March
- Net sales increased 14.0% to MSEK 684 (600), of which organic growth amounted to 7.0%
- ARR increased 20.6% to MSEK 2,409 (1,998), of which organic growth comprised 11.0%
- Adjusted EBITDA increased 10.4% to MSEK 213 (193), corresponding to an adjusted EBITDA margin of 31.1% (32.2)
- EBIT was MSEK 70 (32), including items affecting comparability of MSEK -12 (-19)
- Profit for the period totalled MSEK 20 (-16)
- Basic and diluted earnings per share amounted to SEK 0.09 (-0.08)
- Cash flow from operating activities totalled MSEK 122 (182)
- On 5 January 2024, a consortium announced that it will make a recommended voluntary public cash offer for all the shares outstanding in Byggfakta Group.
- On 2 April 2024, the consortium announced that the acceptance period had been extended until 18 April 2024.
- On 19 April, the consortium announced that it was completing the public cash offer to the shareholders of Byggfakta Group, thereby becoming the owner of 99.0% of the shares in the company.
- On 22 April 2024, the Board of Byggfakta Group announced that, as per the consortium's written request, the Board had decided to initiate compulsory redemption of any remaining shares in the company and to apply to have the company's shares delisted from Nasdaq Stockholm. Refer to page 7 for more information about the offer.
- On 5 February 2024, Byggfakta Group acquired the Polish company Marketplanet. The purchase consideration totalled MSEK 143. Refer to Note 4 for more information.
- Net debt at the end of the period in relation to adjusted EBITDA for the latest twelve-month period was 3.5x (3.5).
Stable start to the year with continued healthy demand for our services
"2024 began much the same as 2023 concluded. Demand is high for our services, and new sales and retention rates among existing customers are both high, which has resulted in organic ARR growth of 11.0% and organic revenue growth of 7.0% for the first quarter of 2024", says Dario Aganovic, CEO of Byggfakta Group.
About Byggfakta Group
Byggfakta Group is a global data and software company with roots stretching back to 1936, more than 2,000 employees and operations in 26 countries. We offer services that connect the construction sector, thereby increasing total growth and promoting better construction. Our unique data, insights and software solutions help customers to maximise sales, increase efficiency and build more sustainably. Our core operations encompass five areas: Project Information, Specification, Market Intelligence, Product Information and E-tendering. We mainly generate subscription revenue, which currently exceeds SEK 2 billion annually. Our goal is to grow organically by 10% per year and to grow an additional 5-15% per year through acquisitions. Byggfakta Group has been listed on Nasdaq Stockholm since 2021.
For further information please contact:
Erik Kronqvist, Head of Investor Relations
Tel: +46 (0) 70 697 22 22
Email: erik.kronqvist@byggfaktagroup.com
Homepage: www.byggfaktagroup.com
This information is information that Byggfakta Group is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-04-25 08:00 CEST.
