Half-Year Report 1 January 2020 – 30 June 2020
19 August 2020
Risk Intelligence A/S (“Risk Intelligence” or the “Company") hereby publishes the Half-Year Report for the period January 2020 - June 2020.
The report is available for download here.
Due to the impact of COVID-19 specifically from February to mid-June total revenue in 1H 2020 (5,495 TDKK) decreased by 7% compared to 1H 2019 (5,904 TDKK). The satisfactory growth in Q1 2020 (+16%) reduces the Q2 2020 significant negative impact (-34%) on the first half year. Q2 revenue would have been significantly better and subsequently 1H revenue growth would have been positive due to timing of two renewal contracts moved from Q2 to Q4 2020. The renewal rate was 98% (churn 2%) for the period.
CEO Hans Tino Hansen says:
“The difficult period from February to mid-June has had its impact on our result, but with cost reductions, we have managed an acceptable result. The cautious optimism we have witnessed in end-June and following months makes us believe that we will continue to see an uptake in our business with new contracts and that we can deliver on our budget during second half of the year.
Furthermore, we have secured a funding package of DKK 8m from investors, Vækstfonden and Danske Bank in July. With more than DKK 9m in known/recurring revenue in 2H and a range of potential new clients in the pipeline for both the maritime and land-based business, we have a solid foundation for further growth in revenue during 2020.
The combination of strong relationships with our clients, a high-quality product and recurring revenue has provided a strong core for the company which is even more important in times of global crisis – a core combination, which will continue to increase in strength and further accelerate growth.”
Reporting period 1H: January 2020 – June 2020
Revenue: TDKK 5,495 (5,904) -7%
Earnings before interest, taxes, depreciation and amortization (EBITDA): TDKK -4,624 (-5,155)
Earnings before taxes (EBT): TDKK -6,253 (-5,832)
Net income for the period: TDKK -4,880 (-4,549)
Earnings per share: DKK -0.59 (-0.63)
Reporting period Q2: April 2020 – June 2020
Revenue: TDKK 1,787 (2,704) -34%
Earnings before interest, taxes, depreciation and amortization (EBITDA): TDKK -2,695 (-2,788)
Earnings before taxes (EBT): TDKK -3,587 (-3,035)
Net income for the period: TDKK -2,800 (-2,367)
Earnings per share: DKK -0.33 (-0.29)
Contact investor relations:
Hans Tino Hansen, CEO
Jens Krøis, CFO
Telephone: +45 7026 6230
E-mail: investor@riskintelligence.eu
Press relations:
Hanne Klintøe, Head of Communication
Mobile: +45 3144 9914
E-mail: hk@riskintelligence.eu