"Increasing legislation demanding digital reporting and document transfer in various countries, combined with the growing trend to intensify automation of administrative tasks, have had a continued positive impact on the overall market trend.
Second quarter of 2022
- Net sales amounted to
SEK 142.7 million (97.6), which is an increase of 46% (43% adjusted for currency). Organic growth amounted to 17% (16%). -
Recurring revenue amounted to
SEK 127.0 million (87.5), which is an increase of 45% (42% adjusted for currency). The increase is a result of a strong growth of transactions in the Pagero Network and the acquisition of Gosocket. Organic growth of recurring revenue amounted to 16% (18%). -
Operating loss after depreciation/amortization (EBITA) amounted to
SEK 48.3 million (12.3). EBITA is affected by external non-recurring costs ofSEK 16.9 million in connection with the acquisition attempt of Tungsten; adjusted EBITA amounts to a loss ofSEK 31.4 million . Performance is otherwise in line with the set strategy and is driven by the international expansion. -
The company is financially strong with a positive cash flow from operating activities of
SEK 12.0 million (-7.0). -
Earnings per share before dilution amounted to a loss of
SEK 0.69 . Pagero withdraws from the bidding process ofTungsten Corporation PLC .Denmark announces national legal requirements for e-invoicing.Pagero launches support for account-to-account payments in accordance with the P27 standard to help Nordic companies meet upcoming requirements.Pagero enters a new financing agreement ofSEK 1,500 million in connection with the bidding process forTungsten Corporation PLC .
First half of 2022
- Net sales amounted to
SEK 279.4 million (187.1), which is an increase of 49% (46% adjusted for currency). Organic growth amounted to 20% (10%). -
Recurring revenue amounted to
SEK 247.5 million (169.2), which is an increase of 46% (43% adjusted for currency). The increase is a result of a strong growth of transactions in the Pagero Network including the acquisition of Gosocket. Organic growth of recurring revenue amounted to 18% (14%). -
Annual Recurring Revenue (ARR) amounted to
SEK 527.6 million (354.8), which is an increase of 49% (15%). Organic growth in the ARR amounted to 19%. ARR from the acquisition of Gosocket amounted toSEK 104.2 million . -
Operating loss after depreciation/amortization (EBITA) amounted to
SEK 61.1 million (20.1). EBITA is affected by external non-recurring costs ofSEK 16.9 million in connection with the acquisition attempt of Tungsten, adjusted EBITA amounts to a loss ofSEK 44.2 million . Performance is otherwise in line with the set strategy and is driven by the international expansion. -
The company is financially strong with a positive cash flow from operating activities of
SEK 19.5 million (15.8). The company's liquid position isSEK 970.2 million . -
Earnings per share before dilution amounted to a loss of
SEK 0.97 . Pagero successfully continues to sign agreements with several Fortune 500 companies and global leaders in the automotive industry, IT and healthcare.Pagero acquiresCreative Technologies , to which it previously outsourced its R&D operations inSri Lanka .
Significant events after the end of the period
- At the beginning of July, a repayment was made on a loan raised of
SEK 750 million as part of the financing agreement in an amount ofSEK 450 million . The financing facility ofSEK 1,500 million remains and is currently being utilized in an amount ofSEK 300 million . Pagero is approved as a Peppol service provider inJapan .
Webcast in conjunction with publication
Interim reports
The interim report is available on
For more information
Bengt.nilsson@pagero.com
Jan-olof.ohlsson@pagero.com
Certified adviser
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