Arribatec Group ASA ( (DE:B7Z0) ) has shared an announcement.
Arribatec Group ASA reported a 5.3% increase in fourth-quarter revenues for 2024, reaching NOK 150.5 million, driven by growth in Cloud and ERP activities. Despite undergoing significant organizational and financial restructuring, the company secured 610 new contracts valued at NOK 285 million, marking a 33% increase from the previous year. However, the company faced challenges with a negative EBITDA of NOK 11.7 million due to one-time restructuring costs, impacting its overall financial performance.
More about Arribatec Group ASA
Arribatec Group ASA is a software and consulting company based in Oslo, specializing in creating long-term strategic partnerships through a customer-centric engagement model. The company serves over 1700 companies across 25 countries in both private and public sectors, employing more than 320 people in 11 countries. It is listed on the Oslo Stock Exchange under the ticker code ARR.
YTD Price Performance: 20.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €12.76M
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