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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Q3 2024 Crayon Group Holding ASA Earnings Call Transcript

Nov 06, 2024 / 07:30AM GMT
Release Date Price: kr105.8
Kjell Arne Hansen
Crayon Group Holding ASA - Head, Investor Relations

Good morning and welcome to Crayons Q3 results presentation. My name is Kjell Arne Hansen and I'm the head of investor relation with me today presenting the results for the quarter. We have CEO Melissa Mulholland and our CFO Brede Huser. After the presentation, there will be a Q&A session and with that, I hand it over to Melissa.

Melissa Mulholland
Crayon Group Holding ASA - Chief Executive Officer

Thank you for joining our Q3 presentation. Gross profit ended at NOK1.4 billion a growth of 14% overall. We continue to see solid growth, demand for software and cloud remains strong while consulting in the Nordics continues to be cautious and declined 1% year on year and therefore, we have been conservative in hiring as a result of our performance year-to-date. We have revised our outlook for 2024 from 18% to 20% to 15 to 17%.

As we have communicated earlier, the measures we have taken to strengthen profitability yield results. And our adjusted EBITDA ended at NOK238 million which

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