Continue the journey with organic revenue growth
The company delivered EBITA of NOK 320 million in the first quarter of 2018 as compared to NOK 345 million in the first quarter of 2017.
“We are pleased to announce that, despite a very strong first quarter in 2017, EVRY continued its journey of achieving organic revenue growth in the first quarter of 2018 and was awarded several strategically important contracts. EVRY’s profitability in the quarter was somewhat lower than in the same period in 2017, but this was driven by seasonal effects that will be offset in the second quarter”, comments Bjørn Ivroth, CEO of EVRY.
EVRY Financial Services continued to deliver profitable growth, particularly in the card area. Regulatory changes such as PSD2 also drove increased interest from financial institutions.
EVRY is also experiencing a high level of demand for its digital consultants from both the public and private sectors in the Nordics. With nearly 2,000 consultants in combination with a sustainable order backlog, EVRY is well-positioned for high levels of activity over the coming quarters.
“The application of emerging technology is receiving increased attention from company management teams. The focus on local presence and delivery, as well as the greater attention being paid to security and regulations, are structural changes that EVRY can leverage”, comments Björn Ivroth.
EVRY will continue to increase its focus on scale and repeatability in its Digital Platform Services unit with the purpose of strengthening and building a collaborative cross-Nordic go-to-market model.
“We set up a Nordic infrastructure delivery unit in 2017 to ensure that our service and product development activities are harmonized across the Nordic region. It is important to us that both our local and international customers can leverage our expertise across borders, as this enables the most innovative solutions to be created and technology to be applied in ways that build the digital services of the future”, adds Björn Ivroth in conclusion.
Financial key figures for the first quarter of 2018
- Total revenue of NOK 3,208 million in Q1 2018, compared to NOK 3,177 million in Q1 2017. equivalent to an organic growth of 0.5% in Q1 2018.
- EBITDA* of NOK 374 million in Q1 2018, compared to NOK 408 million in Q1 2017, representing an EBITDA margin* of 11.7% (12.8% in Q1 2017).
- EBITA* of NOK 320 million in Q1 2018, compared to NOK 345 million in Q1 2017, representing an EBITA margin* of 10.0% (10.9% in Q1 2017)
- Order backlog of NOK 17.8bn
- Cash Conversion at 30 September 2017 of 70.3%
- Approved dividend of NOK 1.25 per share to be distributed on 28 May 2018
*Before Other income and expenses
Kontakter
Geir RemmanVP Corporate Communications
Tel:+47 970 55 017geir.remman@evry.comBilder
Om EVRY ASA
EVRY is one of the leading IT services and software providers in the Nordic region and has more than 10,000 customers across the private and public sectors. Every day more than five million people in the Nordic region use solutions delivered by EVRY. Through its strong local presence and in-depth technological and commercial insight, EVRY is a driving force for innovation and modernisation at its customers. EVRY reported turnover of NOK 12.6 billion in 2017 and has 8,500 employees across nine countries. Its headquarters are located at Fornebu just outside Oslo, and the company is listed on Oslo stock exchange. www.evry.com.
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Interim CFO in EVRY ASA15.7.2019 16:10:00 CEST | Press release
Nina Mortensen (43) is appointed Interim Chief Financial Officer in EVRY ASA from 1th of October 2019. She succeeds Henrik Schibler who resigned earlier this year and will leave his position as CFO of EVRY by the end of September.
EVRY reports a second quarter of 2019 with growth in consulting services and application services that drives a favourable revenue mix and supports the strategic direction12.7.2019 07:04:08 CEST | Pressemelding
(12 July 2019, Fornebu) EVRY reports operating revenue of NOK 3 178 million for the second quarter of 2019 as compared to NOK 3 286 million in the second quarter of 2018. Operating revenue for the first six months of 2019 was NOK 6 507 million up from NOK 6 494 million compared to the same period last year. Adjusted for currency impact and acquisitions, the organic growth was 0.1% in the first six months of 2019 relative to the first six months of 2018. Financial Services reported positive organic growth in the second quarter, while the other areas were affected by seasonality.
EVRY’s debt register now launched!27.6.2019 21:00:37 CEST | Press release
The waiting is over as EVRY’s debt register is being launched today. The debt register gives financial companies a new tool for quickly and efficiently assessing potential borrowers’ credit worthiness and for viewing all the unsecured debt they may have. Consumers will also be able to check the amount of consumer debt they have via the debt register’s website, gjeldsregisteret.com, making it easier for them to have an overview of their own financial situation.
EVRY and Tieto joining forces to create a leading Nordic digital services company18.6.2019 07:16:50 CEST | Press release
(Fornebu/ Espoo, 18 June 2019) EVRY and Tieto have today announced a merger agreement to create the most competitive digital services and software company in the Nordics. With combined revenue of close to EUR 3 billion and 24 000 professionals, the combined company will be well-positioned to create digital advantage for Nordic enterprises and society. The transaction will be highly complementary from a geographical, offering and customer perspective. The combined company will be named TietoEVRY and it will serve thousands of enterprise and public sector customers in more than 90 countries.
EVRY and Cybereason Partner to Deliver Next Generation Cybersecurity31.5.2019 11:04:31 CEST | Pressemelding
EVRY and Cybereason today announced a strategic partnership to extend EVRY’s security offerings to its customers. The partnership is built around EVRY’s and Cybereason`s goal to embed cybersecurity as a core function to support todays’ evolving business landscape, and joint commitment to enable defenders in the new digital age.