15.9.2022 07:00:01 CEST | Canopy Holdings AS | Additional regulated information required to be disclosed under the laws of a member state
(Oslo, 15 September 2022) Canopy Holdings AS (Canopy Holdings, Euronext Growth Oslo:CAN) reported revenues of NOK 13.4 million in the financial first quarter ending 31 July 2022. This represents a growth of 59% compared to reported revenues of NOK 8.5 million in the corresponding period last year. The company had a cash position of NOK 51.4 million as per 31 July 2022. The company had EUR 7.9 million in B2B annual recurring revenues at the end of August 2022.
“Since joining Canopy as CEO late June, I have worked with the team to further accelerate our growth and build upon our excellent products. Canopy is an innovative leader within digitization of ski resorts and other leisure activities, and the first quarter results and annual recurring revenues provides a platform for growth and expansion”, says Christian Erlandson, CEO of Canopy Holdings. Erlandson started in the position as CEO 27 June 2022.
As per end of August 2022, Canopy Holdings had total annual recurring revenues of EUR 7.9 million on a consolidated basis, representing an increase of 13% compared to the same time last year. The company had a total of 242 B2B resort customers at the end of August 2022 corresponding to a net increase of 19 customers over the last 12 months.
“I have been impressed by the team, technology and products, which give us solid opportunities to push for profitable and sustainable growth as Canopy will continue to develop and commercialize innovative solutions for our customers that provide strong growth opportunities going forward”, Erlandson concludes.
Canopy Holdings will today host a company presentation at 08:00 CET.
Event: Presentation of Canopy Holdings first quarter FY 2022/2023 financial results, 1 May 2022 to 31 July 2022
Time: 08:00 – 08:30 CET
Presenters: Christian Erlandson, CEO, and Ivar Blekastad, CFO
Streaming details:
https://channel.royalcast.com/landingpage/hegnarmedia/20220915_2/
The presentation will be held in English and will be followed by a Q&A session.
Disclosure regulation
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Contacts
Ivar Blekastad, CFO, +47 48 26 36 70, ivar@canopy.holdings
About Canopy Holdings AS
Canopy Holdings AS is a multi-national technology company listed on Euronext Growth Oslo. The company owns a leading portfolio of brands and companies that provides digitalization solutions to resorts, destinations, parks and attractions in key markets. Canopy Holdings AS currently consists of Catalate, Liftopia.com, Skitude and Spotlio.
Attachments
Canopy Q1 22_23.pdf
