ENALYZER A/S Omsætningsvækst på 4% EBITDA vækst på 18% Positivt resultat før skat
Enalyzer First North Announcement 118, March 18, 2021
Revenue growth of 4%
EBITDA growth of 18%
Positive result before tax
ÅRSREGNSKABSMEDDELELSE 2020
ANNUAL REPORT 2020
Enalyzer First North Meddelelse 118, 18. marts 2021
Udviklingen i selskabets økonomiske aktiviteter og forhold Fra årsregnskabet fremhæves følgende:
Omsætningsvækst på 4% og EBITDA vækst på 18%. Positivt resultat før skat.
Enalyzer koncernens omsætning blev på t. DKK 24.627 i 2020 mod t.DKK 23.637 i 2019. EBITDA var i 2020 på t.DKK 5.388 mod t.DKK 4.564 i 2019. Resultat før skat i 2020 var på 48 t.DKK mod -491 t.DKK i 2019.
Enalyzer hovedprodukt er en Insight platform anvendt til at analysere kunde- og medarbejdertilfredshed. Platformen er leveret som software as a service (SaaS). Per 31.12.2020 havde Enalyzer over 100.000 brugere fra hele verden, hvoraf ca. 4% var betalende.
Året var initielt præget af usikkerhed grundet Covid-19 og dermed af en forsigtig tilgang til organisk investering i yderligere vækst. Som året skred frem, stod det klart, at markedet stadig var der, og at Enalyzers SaaS platforms konkurrenceevne var styrket. Dels ved;
• En række produktlanceringer, der eksempelvis styrkede afrapportering af data.
• En fortsat attraktiv prismodel for kunder med lave entre punkter og store volumen rabatter.
• En god synergi mellem on-line forretningen og Enalyzers direkte kontorer.
Og endelig fordi Enalyzer gennem længere tid har oparbejdet et godt brand og en god referencekundeportefølje
(både offentlige og private) i de direkte markeder med datterselskaber; Danmark, Norge, Sverige og Holland.
På baggrund heraf besluttede Enalyzer ultimo 2020, at timingen i forhold til opskalering af salgsstyrken, rettet mod nye potentielle kunder i de direkte markeder, var gunstig. Derfor har Enalyzer ekspanderet salgsstyrken på denne del signifikant. Ligeledes har Enalyzer opskaleret sin customer succes funktion med henblik på at reducere churn og foretage mersalg til eksisterende kunder. Initiativerne forventes at bidrage til yderligere toplinje vækst i 2021.
Den omtalte opskalering af salgsaktiviteter foretages indenfor Enalyzers organiske økonomiske råderum, under hensyntagen til Enalyzer forsatte ønske om at have en relativ stor udviklingsfunktion ift. virksomhedens størrelse, og til at generere et mindre, men stabilt, overskud
Enalyzer er igennem året blevet løst kontaktet af en række nationale og udenlandske venture-og M&A selskaber, som har ønsket en indledende sondering af Enalyzers eventuelle interesse for yderligere vækstfinansiering. Henvendelserne har været initiale og har ikke afstedkommet yderligere forløb, da Enalyzer ikke aktivt har forfulgt og stadig ikke forfølger andet end et organisk scenarie på nuværende tidspunkt, men forholder sig åbent til de muligheder, der måtte opstå undervejs.
Enalyzer Consulting gennemførte mange interessante projekter i året og i stigende grad på Enalyzers SaaS platform. Som tidligere år er der høj tilfredshed med gennemførte projekter og en stor anbefalingsvillighed. Enalyzer realiseredeen Net Promoter Score (NPS) på 50. En NPS score over 50 anses i branchen som fremragende.
Trods et uforudsigeligt år med Covid-19, øgede Enalyzer antallet af brugere, forbedrede SaaS platformen og vækstede omsætningen mm. På baggrund heraf anser bestyrelsen årets resultat for tilfredstillende.
Betydningsfulde hændelser indtruffet efter regnskabsårets afslutning
Udover en stadigt eksisterende risiko fra udviklingen i Covid 19 pandemien, er der ikke indtruffet begivenheder efter regnskabsårets afslutning, som vil kunne forrykke selskabets finansielle stilling væsentligt.
Selskabets forventede udvikling
Enalyzer koncernen forventer overskudsgivende drift og yderligere vækst i 2021.
Development in the company's financial activities and conditions
From the annual accounts, the following is highlighted:
Revenue growth of 4% and EBITDA growth of 18%. Positive result before tax.
The Enalyzer Group's revenue was DKK 24,627 thousand in 2020 against DKK 23,637 thousand in 2019. EBITDA was DKK 5,388 thousand in 2020 against DKK 4,564 thousand in 2019. Profit before tax in 2020 was DKK 48 thousand against DKK -491 t.DKK in 2019.
Enalyzer's main product is an Insight platform used to analyze customer and employee satisfaction. The platform is delivered as software as a service (SaaS). As of 31.12.2020, Enalyzer had over 100,000 users from all over the world, of which approx. 4% were paying.
The year was initially marked by uncertainty due to Covid-19 and thus by a cautious approach to organic investment in further growth. As the year progressed, it became clear that the market was still there and that Enalyzer's SaaS platform competitiveness had been strengthened. Partly through;
• Several product launches that, for example, strengthened the reporting of data.
• A continued attractive pricing model for customers with low entrance points and large volume discounts.
• A good synergy between the online business and Enalyzer's offices.
And finally, because Enalyzer has for a long time built up a good brand and a good reference customer portfolio (both public and private) in the direct markets with subsidiaries; Denmark, Norway, Sweden, and the Netherlands.
Against this background, Enalyzer decided at the end of 2020 that the timing concerning upscaling the sales force, aimed at new potential customers in the direct markets, was favorable. Therefore, Enalyzer has significantly expanded its sales force in this area. Likewise, Enalyzer has scaled up its customer success function to reduce churn and make additional sales to existing customers. The initiatives are expected to contribute to further top-line growth in 2021.
The mentioned upscaling of sales activities is done within Enalyzer's organic financial leeway, taking into account Enalyzer's continued desire to have a relatively large development function in relation to the company's size, and to generate a smaller, but stable, profit.
Throughout the year, Enalyzer has been loosely contacted by several national and foreign venture and M&A companies, who have requested an initial exploration of Enalyzer's possible interest in further growth financing. The inquiries have been in the initial stages and have not caused any further progress, since Enalyzer has not actively pursued and still does not currently pursue anything other than an organic scenario but is open about the opportunities that may arise along the way.
Enalyzer Consulting completed many interesting projects during the year and increasingly on the Enalyzer SaaS platform. As in previous years, there is high satisfaction withcompleted projects and a great willingness to recommend. Enalyzer achieved a Net Promoter Score (NPS) of 50. An NPS score above 50 is considered excellent in the industry.
Despite an unpredictable year with Covid-19, Enalyzer increased the number of users, improved the SaaS platform and grew revenue etc. Based on this, the Board of Directors considers the result for the year to be satisfactory.
Important events occurring after the reporting period Apart from the existing risk from the development of the Covid 19 pandemic, no events have occurred after the end of the financial year that could significantly alter the company's financial position.
The company's outlook
The Enalyzer Group expects profitable operations and further growth in 2021.
HOVEDTAL 2020
KEY FIGURES 2020
RESULTAT PROFIT/LOSS
Beløb i t.DKK | Udvikling | ||
Figures in DKK '000 | 2020 | 2019 | Development |
Nettoomsætning (Revenue) | 24.627 | 23.637 | 4% |
EBITDA* | 5.388 | 4.564 | 18% |
Afskrivninger (Depreciation/amortization) | -5.058 | -4.950 | 2% |
Finansielle poster (Net financials) | -282 | -105 | 169% |
Resultat før skat (Profit/loss before tax) | 48 | -491 | |
Earnings/share | 0,01 | -0.13 | |
Earnings/share, diluted | 0,01 | -0.13 | |
*) Earnings Before Interest, Tax, Depreciation and Amortization | |||
BALANCE BALANCE SHEET | |||
Beløb i t.DKK | Udvikling | ||
Figures in DKK '000 | 2020 | 2019 | Development |
Likvider (Cash) | 3.424 | 172 | 1891% |
Debitorer (Trade Receivables) | 4.209 | 4.707 | -11% |
Aktiver i alt (Total assets) | 25.450 | 23.200 | 10% |
Egenkapital (Equity) | 4.401 | 4.052 | 9% |
EGENKAPITALFORKLARING STATEMENT OF CHANGES IN EQUITY | |||
Beløb i t.DKK | |||
Figures in DKK '000 | 2020 | 2019 | |
Egenkapital 01.01.2020 (Equity as at 01.01.2020) | 4.491 | 4.490 | |
Resultat efter skat (Profit/loss after tax) | 36 | -398 | |
Valutakursreguleringer (Foreign currency translation adjustments) | 313 | -40 | |
Betalt udbytte (Distributed dividend) | 0 | 0 | |
Egenkapital 31.12.20 (Equity 12.31.20) | 4.401 | 4.052 | |
PENGESTRØMSOPGØRELSE CASH FLOW STATEMENT | |||
Beløb i t.DKK | |||
Figures in DKK '000 | 2020 | 2019 | |
Resultat før skat (Profit/loss before tax) | 48 | -491 | |
Reguleringer hertil (Adjustment hereof) | 5.966 | 4.612 | |
Driftens likviditetsvirkning (Cash flow from operating activities) | 6.014 | 4.121 | |
Investeringernes likviditetsvirkning (Cash flow from investing activities) | -4.613 | -5.129 | |
Finansieringens likviditetsvirkning (Cash flow from financing activities) | 3.364 | 476 | |
Ændring i likvider (Change in cash) | 4.765 | -532 | |
Likvider og bankgæld, primo (Cash and bank debt, beginning of period) | -1.341 | -809 | |
Likvider og bankgæld, ultimo | 3.424 | -1.341 |
Hovedtallene er konsoliderede koncerntal for selskaberne Enalyzer A/S, Enalyzer Software A/S, Enalyzer Consulting A/S, Enalyzer AB, Enalyzer Software Netherlands B.W. og Enalyzer Software Norge AS
The above figures are concern consolidated from the companies Enalyzer A/S, Enalyzer Software A/S, Enalyzer Consulting A/S, Enalyzer AB,
Enalyzer Software Netherlands B.W. and Enalyzer Software Norge AS
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Enalyzer A/S published this content on 18 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 March 2021 16:01:02 UTC.
