Press release

Visma delivers impressive 24,5% top-line growth in the second quarter of 2021

Visma delivers impressive 24,5% top-line growth in the second quarter of 2021
This is some text inside of a div block.

Total revenue for the quarter was EUR 520 million, while EBITDA increased 23,2% to EUR 140 million.

Read the full report

Steady growth in all business areas

Visma’s core business areas grew substantially compared to Q2 of 2020. Visma Nordics grew by 23%; Visma Benelux by 20%; Visma Custom Solutions by 27%; and Visma’s geographical expansion areas in Central and Eastern Europe and Latin America by an impressive 71%.


Notable milestones

Visma reached an Annualized Repeatable Revenue of EUR 1 534 million, an increase of 21,4% compared to one year ago. Visma also grew 36,5% in cloud customer contracts year over year, and now serves 1 100 000 customers.

Revenues from cloud subscriptions and transactions continue to be Visma’s primary growth driver, increasing 36,2% year over year to EUR 274 million during the quarter.

Strong acquisition activity

Visma welcomed 12 new companies to the Visma family in Q2, most notably the fast-growing Holded, which offers ERP solutions in the Spanish market. In Romania, Visma expanded its offering by acquiring Keez, provider of a Solutions as a Service platform for payroll and accounting customers.

Categories
Aase Settevik

Contact

Visma Group

Aase Settevik

Director of Communications

+47 920 49 559

Subscribe me to...



Drag