Pexip Holding ASA (LTS:0A3H)

kr 30.75 -0.75 (-2.38%) Market Cap: 3.13 Bil Enterprise Value: 2.56 Bil PE Ratio: 0 PB Ratio: 1.82 GF Score: 78/100

Q1 2021 Pexip Holding ASA Earnings Call Transcript

May 06, 2021 / 03:00PM GMT

Release Date Price: kr76.1 (-7.98%)

Transcript

Odd Sverre Ã;stlie

Pexip Holding ASA - CEO

Ladies and gentlemen, welcome to Pexip's First Quarter 2021 Earnings Presentation. My name is Odd Ãstlie, and I'm the CEO of Pexip. For today's presentation, I'll be joined by our CFO, Ãystein Hem; and also our Chief Commercial Officer and Co-Founder, Tom Erik Lia.

The presentation will last for approximately 30 minutes, followed by a Q&A session, and the presentation is webcasted on our web page under the IR section, and a recording will be published after the presentation. Questions can be submitted by e-mail to [email protected]. So with that, let's begin and get this started.

So first, the highlights for Q1 can again be arranged on 2 dimensions. First, we are delivering record results, keeping us in line with our growth ambitions. We delivered a Q1 ARR of $87 million. That's a 54% year-on-year growth. In terms of recognized revenues, NOK 180 million for Q1. And we're also executing on our growth strategy, which, as communicated, also resulted in a negative EBITDA margin. However, also a positive NOK 13 million in operating

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