Jacob Zeno Clausen Krøvel’s Post

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Head of Investor Relations | Volue

Volue has just wrapped up reporting of the first quarter of 2024 with subsequent roadshows. We’ve had high quality investor meetings in Oslo, Stockholm and Helsinki that provides us with some clear takeaways:   📍Our annualized ARR base continues to draw attention, exceeding 1.2BNOK. 📍 Since listing in 2020, we’ve been able to deliver on our growth targets. In the period, operating revenues has gone from 892MNOK to 1525 MNOK over the last twelve months, building a track record that is well recognized and appreciated. 📍 SaaS revenues continue to outgrow ARR, which again is outgrowing operating revenues, building a revenue base to the liking of investors. 📍 Churn below 2% is a clear testament to the stickiness of the business critical solutions we provide for our customers, and an important metric for investors.  ✅ This quarter, we disclosed Net Retention Rate (NRR) for the first time, at 117% for 2023. The feedback we got had two elements to it. Firstly, it’s an impressive number. Secondly, along with our churn, ARR base and growth, it really complements our KPI’s and the Volue story, bringing clear evidence to our ability in growing customer relationships.   Thank you to Pareto Securities, Arctic Securities and SpareBank 1 Markets AS for organizing great meetings. Trond Straume, Arnstein Kjesbu, Gard Aarvik, Kristian Mørk Spetalen, Thomas Dowling Næss

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