SmartCraft ASA Class A (DE:9YK) has released an update.
SmartCraft ASA, a Nordic SaaS provider for the construction industry, reported a 29% annual growth in ARR, reaching NOK 461 million for Q2 2024. The company saw a 32% increase in revenue, with a significant portion being recurring, and is focusing on organic growth and strategic acquisitions in Sweden and the UK. Despite challenging market conditions, SmartCraft maintains a strong balance sheet and is confident in achieving its medium-term financial goals.
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