Crayon reports strong gross profit growth in Q1

Adjusted EBITDA ended at NOK 203m, reflecting a margin of 14%. Measures to improve profitability within Consulting was implemented in Q124 and will have effect from Q2 and in the second half of the year, supporting the company's Adjusted EBITDA Outlook of 18-20% for the full year. 

Cash flow from operations ended at NOK 97m. Net Working Capital ended at NOK -1.1bn, an improvement of NOK 867m compared to the same quarter previous year. Crayon continues to implement measures to strengthen working capital. 

CEO Melissa Mulholland and CFO Brede Huser will present the results in a live webcast at 8:30 am CET that can be accessed at www.crayon.com/investor-relations. It will be possible to submit questions online. A recording of the webcast will be available on-demand after the live event has concluded.

Kjell Arne Hansen
Head of Investor Relations
[email protected]
+47 950 40 372

Melanie Coffee
VP of PR and Communications
[email protected] 
+47 46 74 86 48

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