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Regulatory press release

Interim report January-September 2023

Byggfakta
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July–September

  • Net sales increased 17.7% to MSEK 645 (548), of which organic growth amounted to 5.6%
  • ARR increased 16.8% to MSEK 2,140 (1,832), of which organic growth comprised 8.1%
  • Adjusted EBITDA increased 20.0% to MSEK 241 (201), corresponding to an adjusted EBITDA margin of 37.3% (36.6)
  • EBIT was MSEK 83 (70), including items affecting comparability of MSEK -6 (4)
  • Profit for the period totalled MSEK 14 (25)
  • Basic and diluted earnings per share amounted to SEK 0.07 (0.11)
  • Cash flow from operating activities totalled MSEK 160 (72)
  • After the end of the reporting period, Byggfakta Group acquired the American company Construction Monitor LLC. Construction Monitor’s offering focuses on construction information, which is collected and sold primarily as a subscription service, to manufacturers, general contractors and subcontractors within the construction industry.

January–September

  • Net sales increased 16.0% to MSEK 1,884 (1,624), of which organic growth amounted to 4.1%
  • Adjusted EBITDA increased 13.5% to MSEK 632 (557), corresponding to an adjusted EBITDA margin of 33.5% (34.3)
  • EBIT was MSEK 187 (125), including items affecting comparability of MSEK -1 (-34)
  • Profit for the period totalled MSEK 28 (82)
  • Basic and diluted earnings per share amounted to SEK 0.12 (0.37)
  • Cash flow from operating activities totalled MSEK 453 (341)
  • Net debt at the end of the period in relation to adjusted EBITDA for the latest twelve-month period was 3.4x (3.3). At the end of the second quarter 2023, net debt in relation to adjusted EBITDA amounted to 3.7.

Accelerated growth and strong earnings in the third quarter of the year

“Compared with the previous quarter, demand for our subscription services accelerated in the third quarter. This entailed an improvement of the EBITDA margin to 37.3%, an increase in organic growth to 5.6% and the achievement of organic ARR growth of 8.1% during the quarter. Cash flow was strong and we reduced our net debt multiple from 3.7x to 3.4x”, says Dario Aganovic, CEO of Byggfakta Group.

About Byggfakta Group

Byggfakta Group is a global data and software company with roots stretching back to 1936, more than 2,000 employees and operations in 26 countries. We offer services that connect the construction sector, thereby increasing total growth and promoting better construction. Our unique data, insights and software solutions help customers to maximise sales, increase efficiency and build more sustainably. Our core operations encompass five areas: Project Information, Specification, Market Intelligence, Product Information and E-tendering. We mainly generate subscription revenue, which currently exceeds SEK 2 billion annually. Our goal is to grow organically by 10% per year and to grow an additional 5–15% per year through acquisitions. Byggfakta Group has been listed on Nasdaq Stockholm since 2021.

For further information please contact:

Erik Kronqvist, Head of Investor Relations
Tel: +46 (0) 70 697 22 22
Email: erik.kronqvist@byggfaktagroup.com
 
Homepage: www.byggfaktagroup.com

This information is information that Byggfakta Group is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-11-08 08:00 CET.

Attachments

Byggfakta Group Q3 2023 Eng

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