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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EVRY enters into a Nordic agreement with Bank Norwegian for card and mobile services8.4.2019 09:24:47 CEST | Pressemelding
(Oslo, 8 April 2019) EVRY is expanding its collaboration with Bank Norwegian and entering into a five-year agreement for card-related services. The agreement that has been signed includes services in the areas of transaction and processing and dispute management.
Johan Torstensson is leaving Ericsson – and becoming the Executive Vice President for DPS at EVRY21.3.2019 12:01:40 CET | Pressemelding
Johan Torstensson has been appointed as the Executive Vice President for Digital Platform Services (DPS) at EVRY. He is leaving his role as CIO of Ericsson, where he has worked since 2010. His other previous senior roles include Global Delivery Executive at Hewlett-Packard and Senior Advisor at Technology Partner International.
Strong Net Profit and Free Cash Flow combined with significant increase in Backlog8.2.2019 06:59:34 CET | Pressemelding
(Fornebu, 8 February 2019): The EVRY Group reported total revenue for the fourth quarter of 2018 of NOK 3 413 million, equal to an organic growth of 0.4%. For the full year 2018 EVRY delivered an organic growth of 3.0%, equal to a total revenue of NOK 12 912 million, compared to NOK 12 596 million in 2017. The adjusted EBITA for the fourth quarter was NOK 475 million (13.9%), compared to NOK 495 million (14.5%) in the fourth quarter of 2017. The adjusted EBITA margin for the full year 2018 ended in line with the guidance at 12.3% (NOK 1 582 million), compared to 12.5% (NOK 1 569 million) in 2017.
EVRY making everyday life more efficient for the Norwegian Tax Administration’s 6,500 employees28.1.2019 09:12:52 CET | Pressemelding
EVRY has entered into an agreement to provide the Norwegian Tax Administration with services related to server and client operations. The goal is to increase the efficiency of administrative tasks and to ensure that the Administration’s 6,500 employees have the best digital tools available.
Karin Schreil is new Head of EVRY Sweden17.1.2019 10:00:00 CET | Pressemelding
(Stockholm 14. Jan, 2019) Karin Schreil (48) is appointed Executive Vice President of EVRY Sweden. She will start in her new position in May 2019.
EVRY has divested its D365 Microsoft Dynamics unit in Finland to eCraft4.1.2019 09:24:49 CET | Pressemelding
The Finnish IT consultancy firm eCraft has acquired EVRY Finland’s D365 Microsoft Dynamics business unit.
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