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Founded Year

1990

Stage

Corporate Majority - P2P | IPO

Total Raised

$47.06M

Market Cap

0.78B

Stock Price

4.69

Revenue

$0000 

About Pagero

Pagero is a company that focuses on digitalizing and automating business transactions, operating within the business-to-business (B2B) network industry. The company offers solutions that help businesses automate their purchase-to-pay and order-to-cash processes, including electronic invoicing, accounts payable and receivable automation, and transport management. It was founded in 1990 and is based in Gothenburg, Sweden.

Headquarters Location

Västra Hamngatan 1

Gothenburg, 411 17,

Sweden

+46 (0)10 457 68 00

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Expert Collections containing Pagero

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Pagero is included in 1 Expert Collection, including Fintech.

F

Fintech

12,502 items

Excludes US-based companies

Latest Pagero News

Pagero publishes 2023 Year End Report: An eventful end to a year with continued strong growth

Feb 23, 2024

Pagero AB Fri, Feb 23, 2024 07:30 CET Pagero Group AB (publ) publishes Year End Report for the period January-December 2023 “During the year, Pagero’s commercial expansion continued and the organization delivered an organic growth of 33% (23%) in net sales. Our strategy to grow the organization globally in parallel with our continued investment in product development has proven to be right. Have we reached the top of the global adaptation curve in the digitalization of business communications? No, the world has just begun to realize the automation potential of connecting business systems with each other, and authorities have just begun to realize the importance of digitally obtaining continuous reporting of business transactions, the primary basis of taxation. We are still just at the beginning of our journey”, says Bengt Nilsson, CEO at Pagero. Fourth quarter of 2023 Net sales amounted to SEK 223.0 million (169.6), which is an organic increase of 31% (26%) and 28% adjusted for currency. Recurring revenue amounted to SEK 179.7 million (143.2), which is an organic increase of 25% (24%). The increase is a result of a strong growth of both transactions and licences in the Pagero Network. Operating loss after depreciation/amortization (EBITA) amounted to SEK 17.4 million (25.5). Adjusted EBITA amounted to a loss of SEK 16.3 million (25.5). The result is in line with the international expansion strategy. Cash flow from operating activities amounted to an outflow of SEK 5.9 million (7.7) for the quarter. Pagero and Vertex established a partnership to deliver a global e-invoice solution. January-December of 2023 Net sales amounted to SEK 795.4 million (600.1), which is an increase of 33% (36%) and 31% adjusted for currency. Organic growth amounted to 33% (24%). Recurring revenue amounted to SEK 677.2 million (520.7), which is an increase of 30% (33%). The increase is a result of a strong growth of both transactions and licences in the Pagero Network. Organic growth of recurring revenue amounted to 30% (20%). Annual Recurring Revenue (ARR) amounted to SEK 764.5 million (604.2), which is an organic growth of 27% (27%). Operating loss after depreciation/amortization (EBITA) amounted to SEK 75.1 million (103.0). Adjusted EBITA amounted to a loss of SEK 74.1 million (86.1). The result is in line with the international expansion strategy. Cash flow from operating activities amounted to an outflow of SEK 50.6 million (30.1). The company’s cash and cash equivalents amounted to SEK 217.6 million. Carnegie Investment Bank AB (publ) is Certified Adviser This information is information that Pagero Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-02-23 at 07:30 CET. About Pagero Pagero provides a Smart Business Network that connects buyers and sellers for automated, compliant, and secure exchange of orders, invoices, payment instructions and other business documents. With an open network and a wide range of value-added apps, Pagero helps businesses streamline their order-to-cash and purchase-to-pay processes while unlocking the full potential of accurate and reliable business data. All of this, regardless of location, industry, size or systems. Pagero’s share is traded on Nasdaq First North Growth Market under ticker PAGERO and ISIN SE0016830517. Find out more on www.pagero.com

Pagero Frequently Asked Questions (FAQ)

  • When was Pagero founded?

    Pagero was founded in 1990.

  • Where is Pagero's headquarters?

    Pagero's headquarters is located at Västra Hamngatan 1, Gothenburg.

  • What is Pagero's latest funding round?

    Pagero's latest funding round is Corporate Majority - P2P.

  • How much did Pagero raise?

    Pagero raised a total of $47.06M.

  • Who are the investors of Pagero?

    Investors of Pagero include Thomson Reuters, Summa Equity, Sjätte AP-fonden and Swedbank Robur.

  • Who are Pagero's competitors?

    Competitors of Pagero include Link4 Cloud and 2 more.

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