The Q1 2021 report is published ^
Arribatec Solutions ASA today reported revenues of NOK 99.2 million in the first quarter of 2021, up from 35.8 million in the corresponding quarter last year, and an EBITDA of NOK 9.9 million (4.3). The company has an ambitious international growth and M&A strategy and reiterates the strong outlook.
“We grew our annual recurring revenues by fivefold in the first quarter of 2021 and entered into over 100 new contracts, proving our accretive M&A capabilities, business offering and ability to cross-and upsell our solutions“, Stav adds.
Arribatec has an ambitious M&A strategy and has acquired six companies since the OSE listing in November 2020: Maksit, Innit, Qualisoft, Facil, Microsky and IB Marine, and has announced the intention to acquire Integra.
“The first quarter of 2021 was a busy period for Arribatec with strong revenue and EBITDA growth, high M&A activity and significant business development initiatives across the company. We continue to receive enthusiastic feedback from our customers and entered into several important recurring revenue contracts in our rapidly expanding global organisation; all delivered as Software-as-a-Service or Solution-as-a-Service”
"We have more than tripled our workforce, and pro¬forma revenue for 2021 compared to 2020 and have a solid outlook with our extended solutions and customer base derived from these acquisitions. Combined with organic growth and our realized group synergies, Arribatec looks forward to further implementing our growth and expansion strategy."
