CSAM Health Group’s results for the first quarter of 2022

On 27 September 2023, CSAM Health Group AS changed its name to Omda AS. For articles on historical events such as transactions, financial results etc. we will not retroactively change the name.
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Oslo, Norway, 19 May 2022: Today, CSAM Health Group AS (CSAM), a leading provider of specialised software for healthcare, published its results for the first quarter of 2022.

CSAM Health Group AS grew its income by 25% vs Q1-21, and recorded EBITDA margins at 16%. Recurring revenue also increased by 25%.

Sverre Flatby, CEO of CSAM, highlights the solid performance: “We look back at Q1-22 and record yet another quarter of growth and profitability. We delivered continued growth vs Q1-21; EBITDA is improving compared to Q4-21, and we see that software-related recurring revenue solidifies its position as the cornerstone of the business.”

“Yet another company was added to the CSAM family as we acquired the health analytics company Carmona. CSAM’s growth ambition is founded on a targeted M&A strategy and with this acquisition, CSAM has taken another important step on our growth journey. Together with MedSciNet, the new company has established a promising Health Analytics domain. Our customers report that this domain is increasingly instrumental in developing the next generation of healthcare solutions,” Flatby said.

 

Report highlights include:

  • Increased income by 25% Q/Q
  • Recurring revenue grew by 25% Q/Q
  • EBITDA was 15.0 MNOK resulting in a 16% EBITDA margin
  • Organic growth of 10.5% Q/Q
  • Acquired the health analytics company Carmona
  • Divested inconsiderable Swedish scanner business that falls outside CSAM’s core business
  • Reorganised CSAM’s operations to establish domain-centric business areas

Download the report here: https://link.assetfile.io/7fgf9HC8ousXCGvpbdVVwu.pdf

 

For more information, please contact:
Einar Bonnevie
Chief Financial Officer
+47 91 55 45 32
einar.bonnevie@csamhealth.com

 

About CSAM
CSAM Health Group is the leading provider of specialised software for healthcare in the Nordics. From this solid foundation the company has grown to serve more than 500 customers in 25 countries. Our highly specialised software solutions are instrumental in the clinical care processes of healthcare providers and in enabling emergency responders to enhance public safety. CSAM’s headquarters are in Oslo, Norway. CSAM has almost 300 dedicated specialists in ten countries across Europe, Asia, Oceania and North America, including a wholly-owned software engineering subsidiary in the Philippines.

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Einar Bonnevie
Chief Financial Officer
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