Back to Newsroom

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

Financials
The front page of Visma's Q2 2021 report, shown on an iPad.

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

Read the full report

 

Summary

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.


Q2 2021 by the numbers

Continuing operations
(EUR in millions)
Q2 2021 actual Q2 2020 actual Growth 1st half year 2021 actual 1st half year 2020 actual Growth Year 2020 actual

Revenue

520

418

24,5%

1 012

835

21,2%

1 741

EBITDA

140

114

23,2%

274

221

24,1%

500

EBIT

47

29

59,9%

94

57

63,7%

158

Profit before tax

17

11

54,2%

42

13

224,8%

68


For more information, please contact:
Merete Hverven, CEO of Visma, +47 48 02 14 15