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Visma achieves 28% growth in Annualised Repeatable Revenue (ARR) in Q1, reaching € 1 744m

Press release -

Visma achieves 28% growth in Annualised Repeatable Revenue (ARR) in Q1, reaching € 1 744m

Acquisition activity was also high with 15 companies joining the Visma family.

Read the full Q1 report

Summary – Q1, 2022

Notable results for Visma

  • Annualised Repeatable Revenue (ARR) grew 28 % year over year to reach € 1 744 million
  • Visma’s revenue grew 18 % compared to Q1 last year, to € 579 million
  • SaaS remains a key driver of revenue growth, with combined revenue from SaaS subscriptions and transactions growing 27 % compared to the same period last year.
  • Visma now has over 1 260 000 customers, and SaaS customer contracts grew 20 % year over year. 81 % of Visma’s total revenues now come from cloud software and related services.
  • Visma’s software now accounts for over 18,1 million invoices and 10,3 million payslips across Europe every month.

Performance of business areas

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 new companies joined the family

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.


Q1 2022 by the numbers

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

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Visma is a leading provider of mission-critical business software for a more efficient and resilient society. By simplifying and automating the work of companies and organisations of all sizes, we improve people's everyday lives. With 14,000 employees, 1,200,000 private and public sector customers across the Nordics, Benelux, Central and Eastern Europe and Latin America, and net revenue of € 2,081 million in 2021, we are committed to making tomorrow better than today. Visit us at visma.com.

Press contacts

Aase Settevik

Aase Settevik

Press contact Director of Brand & Communication +47 920 49 559

Shaping the future of society through technology

Visma is a leading provider of mission-critical business software for a more efficient and resilient society. By simplifying and automating the work of companies and organisations of all sizes, we improve people's everyday lives. With 13,500 employees, 1,400,000 private and public sector customers across Europe and Latin America, and net revenue of € 2,081 million in 2021, we are committed to making tomorrow better than today. Visit us at visma.com.

Visma
Karenslyst Allé 56
0277 Oslo
Norway