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2022-06-30 14:45 Efecte Plc's business review on 1-3 / 2021 - 26 % SaaS growth and positive EBIT efecte Efecte Plc's business review on 1-3 / 2021 - 26 % SaaS growth and positive EBIT Released : April 29 , 2021 Category : Company Announcement EFECTE PLC -- COMPANY ANNOUNCEMENT -- 29 APRIL 2021 at 13.00 Efecte Plc's business review on 1-3 / 2021 - 26 % SaaS growth and positive EBIT 1-3 / 2021 : • SaaS grew by 26 % and international SaaS by 46 % • EBITDA was 0.2 million euro ( -0.3 ) and EBIT 0.1 million euro ( -0.4 ) • • EBITDA margin improved to 4 % ( -8 % ) Second phase of international expansion advanced , including first pilot order in new markets Services grew by 2 % , reversing the declining trend of previous quarters Guidance for 2021 ( unchanged ) : SaaS net sales is expected to grow 20-24 % and EBITDA margin to be 1-4 % . Group key figures MEUR Net sales EBITDA EBIT SaaS MRR ( 1000 eur ) CEO Niilo Fredrikson : 1-3 / 2021 1-3 / 2020 2020 4.2 3.7 14.9 0.2 -0.3 0.1 0.1 -0.4 -0.3 855 680 808 The first quarter of 2021 was a successful start for the year . We executed operationally to a high standard and helped numerous service organizations digitalize and automate their work . Our strategy advanced as we continued to develop Efecte as the European Alternative for the global goliaths in this space . SaaS annual recurring revenue ( ARR ) exceeded 10 million euros , marking another milestone in the Efecte growth story . Operational execution a key enabler for our growth story Succeeding in operational sales and services execution is important as it allows us to stay focused on our long - term growth plan . Q1 was strong with 26 % SaaS growth and 2 % services growth , marking our best services quarter since the beginning of the pandemic . Our ability to generate cash was again highlighted , resulting in cash and liquid assets growing to 6.5 million euro ( 4.5 ) . On a rolling 12 - month basis , recurring gross margin stood at 79 % , gross churn at 3.7 % and net retention rate at 112 % . Total recurring revenue ( SaaS and maintenance ) amounted to 66 % of net sales ( 62 % ) . European expansion plan on track https://otp.tools.investis.com/clients/fi/efecte2/omx/omx-story.aspx?cid=2334&newsid=72552&culture=en-US 1/3