SmartCraft ASA Reports Strong ARR Growth Amidst Challenging Market Conditions

The latest announcement is out from SmartCraft ASA Class A ( (DE:9YK) ).

SmartCraft ASA reported a 23% year-on-year growth in annual recurring revenue, reaching NOK 494 million in the first quarter of 2025, driven by acquisitions. Despite a challenging macroeconomic environment leading to increased customer churn and a decline in EBITDA margins, the company achieved a 25% increase in revenue. SmartCraft remains optimistic about future growth potential, anticipating improvements in customer retention and profit margins as the market recovers.

More about SmartCraft ASA Class A

SmartCraft ASA is a leading Nordic provider of mission-critical SaaS solutions tailored to small and mid-sized enterprises in the construction sector. With a focus on enhancing productivity, margins, and resource efficiency, SmartCraft serves over 13,400 customers across Norway, Sweden, Finland, and the UK. The company has been publicly listed on the Oslo Stock Exchange since June 2021.

Average Trading Volume: 101,056

Current Market Cap: NOK4.34B

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