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An update from SmartCraft ASA Class A ( (DE:9YK) ) is now available.
SmartCraft ASA reported a successful 2024 with a 25% increase in annual recurring revenue, reaching NOK 482 million, despite challenging macroeconomic conditions. The company made significant progress with two strategic acquisitions in Sweden and the UK, expanding its total addressable market. SmartCraft remains optimistic about future growth, targeting 15-20% medium-term organic growth and improved EBITDA margins as market conditions improve. The company also published its first standalone ESG report, highlighting its commitment to sustainability in the construction industry.
More about SmartCraft ASA Class A
SmartCraft ASA is a leading Nordic provider of mission-critical SaaS solutions for small and mid-sized companies in the construction sector. The company focuses on increasing productivity, margins, and resource efficiency for its clients, and has over 13,400 customers across Norway, Sweden, Finland, and the UK. SmartCraft was listed on the Oslo Stock Exchange in June 2021.
YTD Price Performance: -10.13%
Average Trading Volume: 900
Technical Sentiment Signal: Strong Buy
Current Market Cap: €371.2M
Find detailed analytics on 9YK stock on TipRanks’ Stock Analysis page.