Penneo – Presentation of Q1 report 2022
Penneo is expected to report its quarterly report for Q1 2022 on May 24, which is the first financial report since the company moved its listing from First North to the Main Market in early April. Following the release of the financial report, you can meet and ask questions to Penneo’s CEO Christian Stendevad and CFO Casper Christian, who will present the Q1 report on May 25 at 14:00.
In the most recent annual report for 2021, Penneo raised its ARR by 50% to a total ARR of DKK 55.5 million. At the end of 2022, Penneo expects to reach a total ARR between DKK 77-82 million, corresponding to a growth rate between 40-49%. EBITDA guidance is between DKK -5 million and -10 million for 2022. The Q1 report will provide the first indications of whether Penneo is on track to deliver on its expectations for 2022. Looking at the latest news, Penneo has raised DKK 60 million from institutional investors. This implies that Penneo has secured financing to invest in further growth initiatives.
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