Continue the journey with organic revenue growth
(Fornebu, 4 May 2018) EVRY reports total revenue of NOK 3,208 million for the first quarter of 2018, an improvement from NOK 3,177 million in the first quarter of 2017. After adjusting for exchange rate effects and acquisitions, this represents organic growth of 0.5% in the first quarter of 2018.
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
Geir RemmanVP Corporate Communications+47 970 55 firstname.lastname@example.org
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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More innovation and better services for digital employees at SpareBank 112.11.2018 10:30 | Pressemelding
(Oslo, 12 November 2018) The SpareBank 1 Alliance’s new collaboration with EVRY in relation to digital workplace services is intended to enable more innovation and to provide better services for employees. Under the new four-year agreement, EVRY will provide server and client operations services, and it includes options for the banks in the Alliance to access services such as contingency solutions and public and private cloud services.
Monobank launches Google Pay in collaboration with EVRY1.11.2018 17:21 | Pressemelding
(Oslo, 31 October 2018) Monobank has become one of the first banks in the Nordic region to introduce Google’s mobile payment solution for its customers. EVRY has enabled use of Google’s mobile payment solution by digitising customers’ bank cards on their mobile phones.
EVRY reports a strong third quarter 2018 with 4 percent organic growth and solid earnings30.10.2018 07:03 | Pressemelding
(Fornebu, 30 October 2018) EVRY reports operating revenue for the third quarter of 2018 of NOK 3,005 million as compared to NOK 2,917 million in the third quarter of 2017. After adjusting for currency effects and acquisitions, EVRY achieved organic growth of 4.0% in the third quarter of 2018.
EVRY strengthens its focus on health technology across the Nordic region27.8.2018 08:36 | Pressemelding
EVRY is acquiring Exonor, a leading provider of strategic consultancy and support services in relation to implementing clinical IT systems. This acquisition will strengthen EVRY’s expertise in what is an operationally critical area for Nordic health trusts.
Strong organic growth and significant increased order backlog16.7.2018 07:08 | Pressemelding
(Fornebu, 16 July 2018) EVRY reports operating revenue for the second quarter of 2018 of NOK 3,286 million as compared to NOK 3,089 million in the second quarter of 2017. After adjusting for currency effects and acquisitions, EVRY achieved organic growth of 7.5% in the second quarter of 2018. All business areas reported organic growth in the period.
DNB extends its agreement with EVRY9.7.2018 11:43 | Pressemelding
(Oslo, 9 July 2018) DNB is extending its agreement with EVRY for mainframe operations services for the bank's core banking system and other important systems by one year. The agreement represents total contract value of NOK 350 million, and includes an option to extend for a further year.
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