Continued revenue and profitability growth
(Fornebu, 6 February 2018) EVRY is pleased to announce organic revenue growth of 3.7% and an adjusted EBITA margin of 14.5% for the fourth quarter of 2017. Total operating revenue ended at NOK 12,596 million for the full year 2017, with an adjusted EBITA margin of 12.5% as compared to 10.8% in 2016. A dividend of NOK 1,25 per share is proposed.
EVRY’s operating revenue in the fourth quarter of 2017 totalled NOK 3,413 million. After adjusting for currency effects and acquisitions and divestments, this is equivalent to an organic revenue growth of 3.7%, compared to 0.3% in the fourth quarter of 2016. EVRY’s adjusted EBITA margin for the fourth quarter of 2017 was 14.5%, compared to 12.5% in the fourth quarter of 2016.
– We are pleased to announce both robust revenue growth and higher margins in the fourth quarter of 2017 relative to the same quarter in 2016. We generated strong earnings for 2017, confirming that the change journey we are on at EVRY is having a positive effect, comments Björn Ivroth, CEO of EVRY.
EVRY reports total operating revenue for 2017 of NOK 12,596 million, as compared to NOK 12,246 million in 2016. This represents an organic revenue growth of 2.4% on an annual basis. The group’s EBITA increased from NOK 1,322 million in 2016 to NOK 1,569 million in 2017, representing an EBITA improvement of 18.7%.
Disruptive technologies driving demand
In 2017 EVRY experienced stronger demand for application development and digitalisation services. The company set up a new centre specialising in the development of cognitive services and automation solutions, in order to ensure high-quality deliveries in relation to disruptive technologies.
– Digitalisation is high on the agenda of both senior executives and board members in most industries. We are also seeing that new regulations and a greater focus on compliance are creating new business opportunities. In 2018 we will strengthen both our service offering and our focus on small and medium-sized businesses to ensure good scalable solutions for this important part of Nordic business and industry”, comments Björn Ivroth.
Financial key figures for the fourth quarter of 2017
- Total operating revenue of NOK 3,413 million in Q4 2017, compared to NOK 3,238 million in Q4 2016. After adjusting for currency effects and acquisitions and divestments, this represents organic growth of 3.7% (0.3% in the fourth quarter of 2016).
- Adjusted EBITA increased by 22.8% to NOK 495 million in Q4 2017 (NOK 403 million in Q4 2016), giving an EBITA margin of 14.5% (12.5% in Q4 2016).
Last twelve months (LTM) cash conversion at 31 December 2017 ended at 91.6%, a decrease of 16.4 percentage points from LTM cash conversion at 31 December 2016.
- A strong order backlog of NOK 18.0 billion was in place at 31 December 2017.
- A proposed dividend for FY 2017 of NOK 1,25 per share
Frank Stangnes, Head of Group Treasury and Investor Relations, tel.: +47 47453275
For media enquiries:
Unni Strømstad, Executive Vice President Communications and Marketing, tel.: + 47 97753453
Om EVRY ASA
EVRY is one of the leading IT companies in the Nordic region and has a strong local and regional presence. Our employees have in-depth expertise and extensive experience, and we offer both local and global delivery models. We develop solutions that give our customers a digital advantage, modernise business processes, and make IT operating services more efficient. Through our insight, solutions and technology, we contribute to the development of the information society of the future, for the benefit of our customers and society as a whole.
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Landkreditt Bank and EVRY expand their collaboration6.2.2018 07:30 | Pressemelding
Landkreditt Bank has entered into a new agreement with EVRY for banking solutions. The contract runs for five years and represents total contract value of NOK 150 million. As part of the agreement, EVRY will deliver next-generation core banking and payment solutions. The agreement also includes further improvements in respect of self-service and automation in the loan and credit area for the bank's private customers and agriculture-related customers.
Swedbank Norway enters into long-term agreement with EVRY16.1.2018 08:37 | Pressemelding
In order to be in a position to offer the banking services of the future, Swedbank has chosen to renew its agreement with EVRY for the delivery of solutions for banking operations, including next-generation core banking and payment solutions. The new agreement runs for five years, with an option to extend for a further year.
EVRY and Gassco enter into IT agreement15.1.2018 10:28 | Pressemelding
EVRY and Gassco have entered into a strategic framework agreement with estimated total contract value, including option periods, of approximately NOK 300 million. The agreement is for an initial three-year period, with options to extend for a further 2+2 years. The agreement provides for EVRY to deliver a broad range of IT services that will help Gassco to maximise value creation from the natural gas resources on the Norwegian continental shelf.
Vipps Invoice moving beyond the app19.12.2017 08:01 | Pressemelding
EVRY and Vipps have entered into a strategic collaboration in relation to Vipps Invoice (Vipps Faktura) with the aim of making the processes associated with paying invoices simpler and more efficient for both businesses and private individuals.
Sbanken chooses EVRY for another five years7.12.2017 08:42 | Pressemelding
(Oslo 7 December 2017) Sbanken (formerly Skandiabanken) and EVRY have entered into a five-year agreement worth approximately NOK 300 million that will see EVRY deliver next-generation core banking and payment solutions in addition to banking services. The agreement also covers future collaboration in relation to open banking and innovation.
EVRY and GitHub enters into a strategic partnership with GitHub to accelerate DevOps adoption in the Nordics5.12.2017 10:09 | Pressemelding
EVRY has announced a strategic partnership with GitHub that makes EVRY the first Managed Service Provider for GitHub in pan-EMEA. This partnership will accelerate the growth of DevOps in the Nordics, fostering an agile and efficient way of working.
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