Omda delivers 11% growth in Q4

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Oslo, Norway, 1 March 2024: Today, Omda AS (“Omda”), a leading provider of specialised software for healthcare and emergency response, published its results for the fourth quarter of 2023.

Omda continues its profitable growth and reported revenues of NOK 109 million for Q4-23, a 11% increase over Q4-22. The company delivered MNOK 415 for the year, 12% more than 2022.

Omda CEO Sverre Flatby emphasises the growth: “We exceed our organic growth targets, beating the NOK 400 million target for the year. And most importantly, 78% of total 2023 revenue is recurring and stems from long-term contracts which generate a diversified revenue stream with minimal customer churn.”

The EBITDA margin was 19% for the quarter compared to -21% in Q4-22.

“Our margin-improvement program and decentralisation now show results. With 23% EBITDA in 2H-23 compared to 8% in 1H-23 we expect EBITDA-margin improvement to continue in 2024,” Flatby concludes.

Highlights from the report:

  • Q4-23 total income 109 MNOK vs 98 MNOK in Q4-22
  • Full-year income 415 MNOK, a 12% increase over 2022
  • Reported EBITDA was 20 MNOK resulting in a 19% EBITDA margin for Q4-23, compared to -21% in Q4-22
  • Recurring revenue 75% of total sales, same as in Q4-22
  • Q4-23 organic growth of 10% in local currency vs Q4-22 (15% in NOK)
  • Full-year organic growth of 9.5% in local currency (13% in NOK)
  • Completed a new bond issue of 500 MNOK, with an additional tap issue of 500 MNOK

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 almost 300 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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Einar Bonnevie
Chief Financial Officer
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Helen Døcker
Chief Marketing & Communications Officer
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She is based in the company’s headquarters in Oslo, Norway.

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