Crayon Group Holding ASA (CRAYF) has released an update.
Crayon Group Holding ASA reported substantial growth in profitability for the third quarter, with an impressive 66% increase in adjusted EBITDA and a significant improvement in working capital by NOK 748 million. Despite a cautious market, the company sees strong demand for Software and Cloud, driven by robust growth in the Nordics and Europe, and remains well-positioned for future opportunities. CEO Melissa Mulholland emphasizes their scalable business model and strategic focus on customer value as key drivers of this success.
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