Three Acquisitions and Highest Quarterly Revenue to Date
Oslo, Norway, 26 February 2025: Today, Omda AS (“Omda”), the leading Nordic provider of software for specialist healthcare and emergency medicine, published its results for the fourth quarter of 2024.
Revenue for the quarter increased to NOK 116 million, marking Omda’s highest ever. Recurring revenue grew by 6% in the quarter to NOK 86 million. The full-year revenue for 2024 of NOK 429 million and the adjusted EBITDA margin of 15% are both marginally above Omda’s guidance published on 20 December. The reported EBITDA margin of 5% for the quarter reflects one-off costs that ensure significantly reduced expenses going into 2025.
Omda’s CEO, Sverre Flatby, commented on the quarter:
“The completed restructuring has resulted in significantly lower run rate on the cost side. This, combined with more than 30 consecutive quarters of increasing recurring revenue, gives us confidence in our 2025 guidance.”
With an organic business on track to reach the 30% EBITDA margin guiding and a reassuring liquidity position, Flatby considers the fourth quarter of 2024 to include key events with long-term value creation potential:
“The closing of Predicare, along with the announced acquisitions of Aweria and Dermicus, introduces new AI functionality and medical decision support, opening up further cross-selling opportunities,” says Flatby.
“As a niche provider, we are becoming increasingly specialised through selective acquisitions that create added value for both customers and shareholders,” he concludes.
Highlights from the report:
- Q4 2024 total revenue: 116 MNOK vs. 109 MNOK in Q4 2023
- Recurring revenue grew 6% to 86 MNOK, accounting for 75% of total sales in the quarter
- Adjusted EBITDA (excl. one-offs) at 14%; reported EBITDA at 5%
- Net working capital improved to a record -31% in the quarter
- Acquisition of Predicare was completed, followed by the announcement of the acquisitions of Aweria and Dermicus
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For more information, please contact:
Einar Bonnevie
Chief Financial Officer
+47 91 55 45 32
einar.bonnevie@omda.com
About Omda
Omda is the leading provider of specialised software for healthcare and emergency services in the Nordics with a growing presence in Europe, North America and the Pacific region. The company has more than 500 customers in 27 countries and employs more than 250 dedicated specialists. Our highly specialised healthcare solutions empower medical professionals and emergency responders, enabling them to know more and work smarter. With a focus on user-centric design, value-driven development and close working relationships with customers, Omda delivers solutions that enhance patient safety and improve healthcare outcomes.
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