Crayon Group Holding ASA (CHIX:CRAYNo)
kr 110.75 0 (0%) Market Cap: 11.02 Bil Enterprise Value: 13.11 Bil PE Ratio: 83.67 PB Ratio: 3.81 GF Score: 76/100
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Q2 2023 Crayon Group Holding ASA Earnings Call Transcript

Aug 24, 2023 / 06:30AM GMT
Release Date Price: kr105.35
Operator

Good morning, and welcome to Crayon's second-quarter result presentation. My name is Kjell Arne Hansen; I'm the Head of Investor Relations for the company. With me today presenting the results for the quarter, we have our CEO, Melissa Mulholland; and our CFO, Jon Birger Syvertsen.

(Operator Instructions) And with that, I hand it over to Melissa.

Melissa Mulholland
Crayon Group Holding ASA - CEO

Crayon delivered over NOK1.5 billion in gross profit in Q2, up 23% year on year, demonstrating strong growth momentum in the market, driven by demand for software and cloud. Savings on software and cloud spend continues to resonate in this macro-economic environment where CIOs are faced with cost pressures and expectations to deliver maximum return on investment, which Crayon is well positioned to provide to customers through our cloud economic and FinOps offering.

We delivered solid gross profit growth, driven by strong performance in the Nordics at 16%, Europe growing at 50%, and the US at 31%. The US growth performance reflects the investments made

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