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.
Følg saker fra EVRY ASA
Registrer deg med din epostadresse under for å få de nyeste sakene fra EVRY ASA på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra EVRY ASA
EVRY has divested its D365 Microsoft Dynamics unit in Finland to eCraft4.1.2019 09:24 | Pressemelding
The Finnish IT consultancy firm eCraft has acquired EVRY Finland’s D365 Microsoft Dynamics business unit.
Handelsbanken in Finland and EVRY enter into a strategic agreement13.12.2018 06:52 | Pressemelding
(Oslo, 13 December 2018) Handelsbanken in Finland and EVRY have entered into an agreement for the delivery of next-generation core banking and payment solutions. The agreement represents a total contract value of approximately NOK 650 million and runs for a period of eight years. This is an important step for EVRY in the Finnish market as well as in relation to its strategy of continuing to grow its presence in the Nordic and international markets.
New leader of EVRY Sweden6.12.2018 11:59 | Pressemelding
EVRY Sweden has signed a new Executive Vice President (“EVP”) for Business Area Sweden. The name of the new EVP is planned to be announced during January 2019, and the start date will be at the latest in May 2019. The person is recruited externally and has substantial experience and background from the IT-industry in in the Nordics.
DNB and EVRY adopt artificial intelligence to stop fraud27.11.2018 07:51 | Pressemelding
(Oslo, 27 November 2018) DNB has renewed its agreement with EVRY for card fraud prevention solutions. As the solutions work in real time, fraudulent transactions can be stopped before they are completed. Adopting artificial intelligence and machine learning will make the hunt for fraud even more sophisticated and accurate.
EVRY enters into a new partnership with Bankgirot23.11.2018 15:32 | Pressemelding
(Oslo, 23 November 2018) Bankgirot’s new collaboration with EVRY consists of Bankgirot outsourcing its IT operations. The partnership will enable Bankgirot to adopt a more dynamic delivery organisation and will modernise its technical infrastructure.
Per Hove is appointed new CEO of EVRY19.11.2018 08:03 | Pressemelding
Per Hove (52) has been the head of EVRY Norway since June 2018. He is taking over as Group CEO from Björn Ivroth with immediate effect.
I vårt presserom finner du alle våre siste saker, kontaktpersoner, bilder, dokumenter og annen relevant informasjon om oss.Besøk vårt presserom