Crayon Group Holding ASA Reports Strong Q1 2025 Growth

Crayon Group Holding ASA ( (CRAYF) ) has released its Q1 earnings. Here is a breakdown of the information Crayon Group Holding ASA presented to its investors.

Crayon Group Holding ASA is a Norwegian company specializing in IT services, providing support for complex technology ecosystems across various industries globally. In its Q1 2025 financial report, Crayon Group Holding ASA reported a 25% increase in gross sales to NOK 17.4 billion, while gross profit rose by 5% to NOK 1,546 million. The company noted a decrease in adjusted EBITDA to NOK 186 million, reflecting a margin of 12.1%, primarily due to increased payroll expenses and a high incentive payout in the previous year. Crayon’s financial performance was marked by significant growth in international markets, with Europe and APAC & MEA regions showing strong gross profit increases of 19% and 12%, respectively. The company also achieved a record improvement in net working capital, ending at minus NOK 1,486 million, indicating effective management of its financial resources. Looking ahead, Crayon Group Holding ASA remains focused on securing new contracts and optimizing its operations to drive future growth, with management expressing confidence in maintaining strong financial performance through strategic initiatives and market expansion.