Crayon reports record Q2 figures

Dec Connolly Editor

Email business@thebusinessjournal.co.uk

Crayon today reported record second-quarter earnings, with gross sales, gross profit, and adjusted EBITDA at an all-time high.  

The strong results were largely driven by growth across all business areas and in markets worldwide. 

“Our quarterly results exemplify the resiliency of our business model which was built on the backbone of a customer-first culture, innovation at its core, and staying focused on supporting our customers with licensing and software cost-savings as well as increasing the share of wallet with cloud-based services,” said Crayon CEO Melissa Mulholland. 

Gross sales were reported at NOK 12,309m, up 53% year-over-year (YoY.) Gross profit was NOK 1,130m, up 39% YoY and adjusted EBITDA was NOK 330m, an increase of 29% YoY. 

The channel business had a record quarter in delivering revenue, gross profit, and EBIDTA, meanwhile the direct business continued to deliver strong momentum across all market clusters, especially in the Nordics, Central Eastern Europe and the Asia Pacific region. 

“Despite fluctuations in the macro-economic environment with inflation and recessionary concerns, the Crayon business has never been stronger,” Mulholland said. “That is due to the strong IT demand we see in delivering improved productivity and cost efficiency as well as our loyal and committed employees.”