Skip to main content

Konsolidator realized 70% growth in Annual Recurring Revenue in 2021 – Regulatory

Written by Customer Service on . Posted in Public Companies.

Company announcement 1-2021

Søborg, January 4, 2021

Konsolidator realized 70% growth in Annual Recurring Revenue in 2021

Konsolidator A/S continued the strong development in Q4 2021 both in Denmark and internationally, including a record high December with 14 new customers. In line with expectations, Konsolidator realized 70% growth in Annual Recurring Revenue (ARR) in 2021.

In Q4 2021, Konsolidator experienced a high demand for the company’s financial consolidation software, thus in line with expectations, Konsolidator achieved an Annual Recurring Revenue (ARR) of DKK 13.6 million, corresponding to a growth of 70% in 2021 (2020: DKK 8.0 million). Since the IPO in May 2019, Konsolidator has achieved a growth in ARR of 318%.

14 new customers in December 2021
Konsolidator had a record high December with 14 new customers, including the first audit customer in the UK. In total, Konsolidator signed 25 new customers in Q4 2021. The positive development covers all four main markets with 8 new customers in Denmark, 2 in Sweden, and 4 from UKI.

At the end of 2021, Konsolidator had 224 customers in 18 countries, which is an increase of 86 customers, up from 138 customers in 12 countries in 2020.

Claus Grove Finderup, CEO at Konsolidator comments: “In 2021, we delivered on both our operational and financial targets. We realized growth in ARR of 70%, and since the IPO in May 2019, Konsolidator has realized a growth in ARR of 318%, which underlines our solid growth case. We have invested a huge number of resources building a strong foundation internationally, and at the threshold to 2022, we are confident of growing both the top line and the profitability in the future.“

The Annual Report for 2021 will be released on February 9, 2021

Contacts

Certified Adviser

About Konsolidator
Konsolidator A/S is a financial consolidation software company whose primary objective is to make Group CFOs around the world better through automated financial consolidation and reporting in the cloud. Created by CFOs and auditors and powered by innovative technology, Konsolidator removes the complexity of financial consolidation and enables the CFO to save time and gain actionable insights based on key performance data to become a vital part of strategic decision-making. Konsolidator was listed at Nasdaq First North Growth Market Denmark in 2019. Ticker Code: KONSOL

 

Attachment

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.