12/8/2021 In a year when companies in many European industries were challenged by COVID-19, Nextway has succeeded in delivering on its strategy and generated a solid financial result. More industry focus, more subscription, and more cloud generated sales growth of 167% in ARR (Annual Recurring Revenue) and 206% in the insurance industry. EBITDA is up by 428% to €1,428K from an unsatisfactory last year.
"I’m proud to deliver growth on all parameters in the first annual report with me as the CEO. It reconfirms my belief in our mission, our strategy, and in my team” - Thomas Hougaard-Enevoldsen, CEO of Nextway.
Subscription, Cloud, and SaaS in focus
Nextway’s strategic focus on subscription, cloud, and software as a service (SaaS) is a success in the Nordics. And now it also starts to gain traction in the DACH region (Germany, Austria, and Switzerland). This is a natural consequence of not all industries and geographies being first movers when it comes to the adaption of subscription, cloud, and SaaS. Still, Nextway has it in the strategy to change that.
“This year, our ARR (Annual Recurring Revenue) from new deals rose by 167%. And next year, the growth will be higher” – adds the CEO.
Nextway serves customers all over the world and in almost any industry. Still, Nextway has strategic focus on four industries, where experience tells that digital workplace solutions bring exceptional value – Insurance, Finance, Manufacturing, and Logistics & Transport.
“Especially in the Insurance industry, we have seen our strategic focus gain traction with a growth of 206%. Last year brought major new customers, not only in the Nordics, but also in Germany and Switzerland” - says Thomas Hougaard-Enevoldsen, CEO of Nextway.
COVID-19 has brought a lot of uncertainty to most companies. Also, to companies like Nextway and Nextway’s customers. At the same time, the pandemic has also accelerated the digitalization that was already set in motion. Working on and off from home has highlighted the value of having a full digital workplace. In almost all industries this has become an unquestionable requirement.
“At no time in our 30+ years in business, have our mission, our strategy, our product, and our international team been a better match for the market. Therefore, I expect to see a continued solid growth for our business for the coming years.”
About Nextway Software
Nextway makes companies more efficient and people’s lives at work easier. Replacing processes that involve paper, pdfs, spreadsheets, and emails, with their easy-to-use software, Next® Digital Workplace.
Since 1986, Nextway has served customers from all over the world through a network of certified partners and own offices throughout Europe.
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Jørn M. Christensenjmc@nextway.software
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