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An announcement from Crayon Group Holding ASA ( (CRAYF) ) is now available.
Crayon Group Holding ASA reported its preliminary Q4 2024 unaudited financial results, highlighting a 28% growth in gross sales driven by the public sector and larger enterprise agreements. However, the company experienced weaker than expected sales in enterprise software, impacting gross profit growth. Despite this, the Microsoft CSP business showed strong performance, positioning Crayon well for future demand. CEO Melissa Mulholland expressed confidence in the company’s ability to achieve profitable growth in 2025, with projected gross profit growth of 15-20% and an adjusted EBITDA margin of 19-22%.
More about Crayon Group Holding ASA
Crayon is a customer-centric innovation and IT services company with over 4,000 team members across 46 countries. It focuses on optimizing businesses’ IT estates to help them innovate, providing trusted expertise to create value and enable companies to scale.
YTD Price Performance: 1.23%
Average Trading Volume: 155
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $977.5M
For a thorough assessment of CRAYF stock, go to TipRanks’ Stock Analysis page.
