Denmark's Konsolidator Q3 revenue rises 

Overview

• Denmark cloud financial software firm's Q3 revenue rose 19% yr/yr

• Contracted annual recurring revenue grew 18% to DKK 26.8m

• Company completed refinancing plan, lowering interest rates and expected to improve liquidity

Outlook

• Konsolidator now guides 2026 contracted ARR at DKK 28–29 mln

• Company expects 2026 revenue of DKK 28–30 mln

• Konsolidator forecasts 2026 EBITDA of DKK 0–1 mln

Result Drivers

• PARTNER SALES - Konsolidator said partners and Konsolidator Iberia accounted for 80% of new sales and delivered above expectations

• CUSTOMER RETENTION - Net retention improved to 98 from 91 and ARR churn rate fell to 9.8%, with further improvement expected in Q4

• DELAYED SALES - Longer customer decision-making processes delayed new sales signings in Q2, with 16 new customers signed in Q3, mainly in Iberia

Company press release:

Key Details

Reuters Recommended Reads

• Oct 29 - Denmark's Netcompany meets Q3 revenue estimates, lifts 2026 revenue growth forecast

• Oct 27 - Manhattan Associates Q3 revenue beats estimates on cloud subscription growth

• Oct 27 - Finland's TietoEVRY Q3 revenue falls on soft demand

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)