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Spir Group’s Q4 2024: Strong Financial Growth Driven by Real Estate Upsurge

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Spir Group’s Q4 2024: Strong Financial Growth Driven by Real Estate Upsurge

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Sikri Holding AS ( (DE:57U0) ) has shared an announcement.

Spir Group reported a strong financial performance in Q4 2024, with revenues rising by 13% to NOK 274.4 million and EBITDA improving by 47% to NOK 50.9 million, driven by significant growth in their real estate business. The company’s annual recurring revenue also increased by 11%, showcasing the effectiveness of strategic initiatives and market recovery in Norway and Sweden. The Group remains well-positioned within its market, with all business areas experiencing double-digit growth and a focus on providing innovative digital tools to enhance market share and profitability.

More about Sikri Holding AS

Spir Group is a Nordic software company providing mission-critical software and data solutions in Real Estate and Public Administration. In Real Estate, they offer niche software to streamline complex processes, while in Public Administration, they deliver case management and quality management solutions to the public sector in Norway. Their clientele includes municipalities, governmental agencies, real estate agents, banks, and several other sectors, focusing on digitization through software, data, and AI.

YTD Price Performance: 8.70%

Average Trading Volume: 500

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €100.6M

Learn more about 57U0 stock on TipRanks’ Stock Analysis page.

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