Acquisition activity was also high with 15 companies joining the Visma family.
Visma’s four primary business areas all had healthy growth in Q1 compared to the same period last year.
Visma Nordics grew by 19 %; Visma Benelux by 18 %; Visma Custom Solutions by 13 %; and Visma’s geographical expansion areas in Central and Eastern Europe and Latin America by 59 %.
15 companies joined Visma in Q1, with a combined annual revenue of € 35 million (pro forma).
Notable acquisitions included Danish company Creditro, provider of Know Your Customer (KYC) and Anti-Money Laundering (AML) software; Dutch company Lyanthe, provider of automation software for accountants; and Swedish provider of cloud accounting software, Bokio, which will close in Q2.
Continuing operations (EUR in millions) | Q1 2022 | Q1 2021 | Growth | 2021 actual |
Revenue | 579 | 491 | 17,8% | 2 081 |
EBITDA | 143 | 134 | 6,0% | 590 |
EBIT | 59 | 47 | 26,8% | 221 |
Profit before tax | 43 | 25 | 69,8% | 107 |
For more information, please contact:
Merete Hverven, CEO of Visma, +47 48 02 14 15