“High activity in our strategic markets, both from new and existing customers, has driven this growth.”
Norway-based seafood software outfit Maritech has reported a turnover of NOK 195.8 million ($18.21 million) and a profit before tax of NOK 13.5 million ($1.26 million).
The company saw a 31% growth in long-term license income and an adjusted EBITDA margin of 17%, up from 13% in 2022.
“We continue to deliver on schedule,” said CEO Odd Arne Kristengård in a press release.
“High activity in our strategic markets, both from new and existing customers, has driven this growth. We are converting our customer base to Maritech Cloud and signing agreements with some of our largest and most strategic customers. Our cloud solutions are positively affecting our customers’ performance and margins.”
CFO Thomas Brevik highlighted the company’s strong start in 2024, with a 20% revenue growth in the first quarter compared to the previous year and an adjusted EBITDA margin of 22%.
“We are seeing increasing interest in our solutions globally and have secured several new clients. With major ongoing strategic projects and a robust order book, prospects for 2024 are promising.”
