Visma had a solid quarter with excellent top-line revenue and EBITDA growth. SaaS and SaaS transactions continue to be the strongest driver of organic growth.
In the third quarter, Visma delivered revenue of NOK 1 998 million, compared with the same period last year, an increase of 23.7 percent. The EBITDA came in at NOK 502 million, compared with NOK 399 million in the third quarter 2014, representing an increase of 25.8 percent.
Strong revenue growth in all divisions
Visma continues its strongest growth in the two Software divisions. Organic growth was robust and the strategic acquisitions of e-conomic, SpeedLeder and Aditro Sweden Public were completed during the quarter. Compared to the third quarter in 2014, revenues in Software GLA grew by 26.4 percent and Software sales in Software SMB grew by 29.2 percent. BPO division continued the trend in increasing revenue growth rate, growing at 10.8% for the quarter.
The demand for SaaS services is steadily increasing. The growth in SaaS solutions revenue was 79 percent for the third quarter compared with Q3 2014, driven by strong organic growth and strategic SaaS acquisitions.
Acquisition activity
Visma continues its strategy of organic and acquisitive growth. Visma acquired the leading Swedish public sector provider of ERP/HRM software from Aditro.
-With this acquisition Visma complements its leading public sector position in Norway, with a similar position in the Swedish market, says Øystein Moan, CEO of Visma.
Visma also acquired Viklo Oy and expands the Finnish consulting business. Viklo Oy has a strong position in the Business intelligence and data warehouse market, delivering solutions and consulting to large Finnish corporations.
-The acquisition strengthens the position in the Finnish IT consulting market. Viklos expertise in business intelligence and data warehouse solutions complements our competences, says Moan.
For more information, please contact:
Øystein Moan, CEO, Visma AS, +47 920 80 000
