Quarterly report, Q1 2018
Revenue and EBITDA growth up 30 percent in the first quarter

Quarterly report, Q1 2018

Revenue and EBITDA growth up thirty percent in the first quarter

Visma delivers a strong first quarter with excellent top-line revenue and continued profit growth. Total revenue growth was 29.5 percent, while EBITDA grew by over 30.2 percent over Q1 2017 to reach NOK 608 million.

Download Q1 report

Revenues in Visma’s three largest divisions grew by more than 20 percent year-on-year. The SMB division increased revenues by 24 percent, the Enterprise division grew by an impressive 51% (with the addition of Bluegarden), and Custom Solutions achieved 46 percent growth compared to the first quarter one year ago.

Strong cloud revenue

SaaS and SaaS transactions continue to be the strongest drivers of organic growth in Visma, and cloud annualised revenue grew by 51 percent to reach 6,660 million.

The demand for SaaS services is steadily increasing, and we continue to focus our investment and development in this area. We are pleased to see such an impressive growth in cloud revenue in the first quarter, said CEO Øystein Moan.

Two cloud acquisitions

Visma continues its proactive and high-tempo acquisitions, completing two cloud software companies during the quarter, Optiway and Co3. Swedish provider of geographic IT services Optiway strengthens Visma’s offering in an area of high demand. Danish Co3 is an e-commerce software and solutions provider.


For more information, please contact:

Øystein Moan, CEO, Visma AS, +47 920 80 000


 

 First quarter 2018 

 First quarter 2017 

 Growth 

Revenue

2,722

2,101

29.5%

EBITDA

608

467

30.2%

EBIT

305

267

14.2%

Profit before tax 

212

227

-6.6%

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