SmartCraft ASA – Annual Report 2021

SmartCraft ASA today published its Annual Report and Sustainability Report for 2021. The report follows enclosed together with the company’s annual financial statements in European Single Electronic Format (ESEF). The documents are also available on the Company’s website.

“2021 was SmartCraft’s first year as a listed company, and we delivered well on our clear strategy to continue our organic and M&A driven growth combined with high profitability and strong cash flow,” said CEO of SmartCraft Gustav Line.

During 2021 SmartCraft acquired HomeRun and Kvalitetskontroll, broadening the geographical footprint and strengthening the product portfolio. The revenue growth was strong, whereas the adjusted EBITDA margin in 2021 was 40%, in line with SmartCraft’s medium-term guiding. At the end of 2021, SmartCraft’s Annual Recurring Revenue (ARR) was NOK 266.8 million, a yearly growth of 30 percent.

“We see tremendous opportunities in leading the digitalization of small and medium sized construction- and craftsmen companies. We expect that the potential market size, once fully penetrated, is around NOK 10.5 billion in the Nordics alone. This implies an expected 15% annual growth in the period 2020-2025,” said Gustav Line.

SmartCraft’s medium-term targets is annual organic revenue growth of 15-20% and growing EBITDA margins due to scalability of the business.

Visit Reports and presentations to see the full report.

For more information contact:
Gustav Line, CEO SmartCraft ASA
Mobile: +47 952 671 04

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