Crayon software sales send EBITDA soaring 40 per cent

Nima Green
clock • 2 min read
Crayon software sales send EBITDA soaring 40 per cent

Nordic giant says it saw growth across the board, but said software segment was star performer

Crayon Group's EBITDA has rocketed by 40 per cent in its Q4, which the Norwegian partner credits as being down to a spike in software sales. For the quarter ending 31 December, adjusted EBITDA hit NOK 137m (€13.41m). Revenues also rose, by 33 per cent, to NOK 563bn (€524.48m). For its full fiscal year 2020, adjusted EBITDA was up by a similar margin, growing 41 per cent year on year to NOK 412m (€40.32m). FY 2020 revenues rose by 47 per cent to NOK 3.69bn (€328.52m). In an audi...

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