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SmartCraft ASA Class A ( (DE:9YK) ) has issued an update.
SmartCraft ASA reported a 25% year-on-year ARR growth to NOK 482 million for Q4 2024, thanks to acquisitions despite an 8.2% organic revenue growth, which was lower than expected due to a challenging macroeconomic environment. The company experienced a decline in its EBITDA-capex margin due to acquisitions and investments in a new solution for electricians, SmartCraft Spark. Despite these challenges, SmartCraft maintained strong customer acquisition and emphasized the potential for digitalization in the construction sector, expecting a recovery in the second half of 2025.
More about SmartCraft ASA Class A
SmartCraft is the leading Nordic provider of mission-critical SaaS solutions to SMEs in the construction sector, focusing on increasing productivity, margins, and resource efficiency. The company serves over 13,400 customers and employs 260 people across Norway, Sweden, Finland, and the UK. SmartCraft was listed on the Oslo Stock Exchange in June 2021.
YTD Price Performance: -5.49%
Average Trading Volume: 600
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €402M
Learn more about 9YK stock on TipRanks’ Stock Analysis page.
