HC Andersen Capital Events 25/5: Meet the management of Djurslands Bank, Xplora and Penneo


HC Andersen Capital is hosting digital events today where you can meet and ask questions directly to management. It is free for all to attend.

Bank of Djurslands – Presentation of the Q1 report
Bank of Djurslands published its accounts for the first quarter of 2022 on Monday, where the bank, despite a good start to the year, maintains its forecast for 2022. At the same time, it is announced that the bank will initiate an ongoing generational change by expanding in a first time the Executive Board with a new bank manager.

Djursland comes out of the first 3 months of the year with a basic result of 47.2 million Danish kroner. versus DKK 24.0 million. at the same time last year. Similar to what we have seen from a number of other banks, Bank of Djurslands is also affected by negative price adjustments due to equity and bond market volatility. The pre-tax profit is therefore DKK 36.0 million. quarter against 15.1 million Danish kroner. Last year. It is largely driven by good activity in the housing market and an increase in business loans.

Despite the fact that Bank of Djurslands delivers a record quarterly result, expectations for 2022 of a pre-tax profit of DKK 100-130 million are maintained. This is due to the general uncertainty linked both to the development of society in general and to the effects derived from the war in Ukraine More precisely. Therefore, the Corona buffer of the bank is also kept unchanged at 45 million Danish crowns.

The announcement also states that the bank manager Lars MollerKristensen61-year-old will be complemented by a new bank manager who will eventually take over as CEO when Lars MollerKristensen to retire. Thus, the management board was enlarged to two members, and a recruitment process was launched to fill the vacant position.

Meet and ask questions of the bank manager Lars MollerKristensen when he examines the accounts

Wednesday, May 25 12:00 p.m. – 12:30 p.m.

Register here.

Xplora – Q1 Report Presentation
Xplora is expected to release its first quarter 2022 accounts today. Join us for a presentation of Xplora’s results, along with Xplora’s CEO, Sten Kirkbak and Chief Financial Officer, Mikael Clementwhere you can understand how the company has grown so far in 2022 and ask management questions.

Xplora had a good year 2021, its annual report published on 27.04.22 details a year in which Xplora increased revenue by 115% annually, grew its subscriber base by 61%, and consolidated its connectivity and value-added services as a key revenue driver for the company.

Xplora has already announced its sales report for Q1 22 (the 13 April 22), providing an overview of its progress towards its 2022 goals, announcing 37% year-over-year revenue growth, 45% of which came from annual recurring revenue.

2021 has seen significant developments so far, with Xplora announcing developments including new partnerships in the UK and in the United States and the planned launch of three new watch models that will be released in 2022, the new X6 and X6 Pro, the next generation of X5 Play and XG03 watches from Xplora.

Wednesday, May 25 1:00 – 1:30 p.m.

Register here.

peneo – Presentation of the Q1 report
Penneo A/S released its first quarter 2022 results yesterday. Annual Recurring Revenue (ARR) increased to 58.5 million Danish kronercorresponding to a growth of 43% compared to Q1 2021. EBITDA amounted to -6 million Danish crowns due to investments. Compared to that, peneo lowers its EBITDA guidance at the interval -20 million Danish kroner to -15 million for 2022 (before -10 million Danish kroner to -5 million) due to the intensification of investments in the long-term growth of ARR in line with the capital increase of 59 million Danish kroner (net proceeds) in Q1 2022.

Looking at ARR quarter over quarter (Q1 2022 vs. Q4 2021), ARR increased by approx. 3 million Danish crowns. This figure is lower than the level of the same quarter in the first quarter of 2021 (3.9 million DKK), which is explained by a 25% drop in the number of new customers.

ARR growth is driven by increased ARR for existing customers of c. 23% over one year. With regard to recovery, peneo re-prioritized its sales organization to focus on upselling the KYC solution. ARR churn is kept at a low level of approx. 3%, implying a net ARR retention rate of 120% year-over-year. peneo maintains its ARR forecast of DKK 77-82 million (growth of 40 to 49%) at the end of 2022.

Meet and ask questions at Penneo’s CEO Christian Stendevad and financial director Casper Nielsen Christiansenwho will present the Q1 report.

Wednesday, May 25 2:00 p.m. – 2:30 p.m.

Register here.

Warning: HC Andersen Capital receives payment from Bank of DjurslandsXplora and peneo through a Digital IR/Corporate Visibility agreement.

Mie HalseDigital and Events Manager
[email protected]
+45 28746640

HC Andersen Capital digitizes the relationship between listed companies and investors. We work long-term for companies that want more visibility in the market. #DemocraticIR – HC Andersen Capital works to democratize access to financial markets.

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