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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EVRY strengthening its focus on artificial intelligence7.5.2018 09:08 | Pressemelding
EVRY has entered into a technology partnership with ADDO AI from Singapore that will see the companies collaborate on new concepts and solutions based on artificial intelligence.
EVRY is improving patient safety with a patient record solution delivered to nearly three million people7.5.2018 09:01 | Pressemelding
The South-Eastern Norway Regional Health Authority (Helse Sør-Øst) and EVRY have signed a new agreement for an electronic patient record solution, MetaVision Suite from iMDsoft, which will be implemented by EVRY. The agreement represents total contract value of NOK 338 million and runs for five years. This clinical IT solution will replace a large number of paper-based work processes, improving patient safety, enabling new ways of working, and enhancing the service provided to patients.
Continue the journey with organic revenue growth4.5.2018 07:55 | Pressemelding
(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.
EVRY acquires Findwise to expand its capabilities in Cognitive Analytics and Enterprise Search11.4.2018 07:00 | Pressemelding
(Oslo, 10, April 2018) EVRY has acquired Findwise AB, a leading Nordic provider of advanced search, advanced analytics and big data services. EVRY and Findwise will jointly expand their capabilities to support their customers in unlocking new intelligence and insight as they seek faster and more precise decision-making.
Storebrand extends and expands its agreement with EVRY6.3.2018 12:23 | Pressemelding
EVRY and Storebrand have extended the partnership and entered into a new long-term agreement that will give Storebrand higher flexibility to develop new services. The agreement includes outsourcing of IT services, including cloud services, and represents a contracted value of more than NOK 400 million over five years.
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.
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