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Crayon Group Holding ASA (CRAYF)
:CRAYF
Holding CRAYF?
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.2Last Year’s EPS
-0.08Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2018
|% Change Since: 10.10%
|Next Earnings Date:Aug 22, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a strong quarter with significant improvements in gross profit, adjusted EBITDA, and working capital, alongside successful business expansions and customer achievements. However, challenges remain with market caution in the Nordics, difficulties in the Channel business in Europe, and slower demand in APAC.Company Guidance
During Crayon's Q3 2024 earnings call, the company reported a gross profit of NOK 1.4 billion, marking a 14% growth year-over-year. Despite a cautious Nordic consulting market with a 1% decline, Crayon adjusted its 2024 growth outlook to 15-17% from 18-20%, reflecting their ongoing profitability measures. The adjusted EBITDA improved significantly to NOK 238 million, up NOK 95 million from the same quarter in 2023, with the EBITDA margin reaching a record 17%. Working capital also saw a substantial improvement, ending at NOK 157 million, an increase of NOK 748 million from the previous year. The Software & Cloud segment showed robust performance, growing 18% with adjusted EBITDA margins rising from 45% to 54%. Additionally, the company upgraded its full-year outlook for net working capital to minus 10% to minus 15%, up from minus 5% to minus 12.5%. Crayon highlighted continued strong demand in the Software & Cloud sectors, especially in Europe, and emphasized its strategic positioning to capitalize on future growth opportunities, including a significant focus on AI and security services.Strong Financial Performance
Gross profit ended at NOK 1.4 billion, a growth of 14%. Adjusted EBITDA improved by NOK 95 million compared to the same quarter in 2023, ending at NOK 238 million with a record high margin of 17% for Q3.
Improved Working Capital
Working capital measures improved significantly, ending at NOK 157 million, an improvement of NOK 748 million from last year.
Software & Cloud Growth
Software & Cloud business grew 18% across direct and channel in Q3. The Direct business saw a 28% growth, with notable growth in the Nordics and Europe at 32% and 37%, respectively.
Consulting Profitability
Consulting segment gross profit increased by 5% to NOK 460 million, with adjusted EBITDA improving from 5% to 10%.
Successful Expansion and Achievements
Crayon was selected as one of 9 global partners in the Generative AI Partner Innovation Alliance, and developed a successful image recognition app for Coca-Cola.
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CRAYF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CRAYF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $9.60 | $10.13 | +5.52% |
| Aug 29, 2024 | $10.94 | $12.25 | +11.97% |
| May 07, 2024 | $7.82 | $9.20 | +17.65% |
| Feb 14, 2024 | $8.62 | $7.90 | -8.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Crayon Group Holding ASA (CRAYF) report earnings?
Crayon Group Holding ASA (CRAYF) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Crayon Group Holding ASA (CRAYF) earnings time?
Crayon Group Holding ASA (CRAYF) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CRAYF EPS forecast?
CRAYF EPS forecast for the fiscal quarter 2024 (Q4) is 0.2.
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