Continued revenue and profitability growth
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
Investor enquiries:
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
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About 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 8,800 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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Latest releases from EVRY ASA
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.