Volue publishes its 2023 Annual Report and ESG Report

Oslo, April 5th, 2024: Volue ASA (OSE: VOLUE) today published its Annual Report and ESG Report for 2023.

The reports are available to read at https://www.volue.com/investors.

Highlights of 2023:

• Operating revenues of NOK 1,464 million, 20 per cent overall growth

• Adjusted EBITDA of NOK 267 million with margin of 18 per cent

• EBITDA of NOK 208 million with a margin of 14 per cent

• Solid performance in ARR business, with steady growth in new SaaS business

• Sales of strategic importance in all segments

• Strong traction in Japan and increased European footprint

Reflecting on 2023, Trond Straume, CEO Volue, said: “I wrote in our 2022 annual report that our central ambition for 2023 was to continue the growth of our revenues. I also made clear that we would increase our focus on profitability, noting that we would introduce measures in order to deliver this. I am delighted that this annual report illustrates the success of this strategy, and I greatly welcome the opportunity to present the financial and operational highlights of last year.

“Through digital platforms and innovative solutions, Volue delivers software and services critical to society for a cleaner, better, and more profitable future. 2023 saw this message told to audiences new and old, from the Nordics, Europe, and increasingly, within East Asia. We have developed and delivered products and services that support all market operators to take part in the energy transition. We have worked hard to lay the groundwork for all participants to do so, and 2023 has seen this strategy come to fruition.

“The work of my colleagues last year directly supported our ongoing organic growth and increased revenues, which in turn supported our steadfast ambition: to become the number one software and software-backed service provider to the European energy system by 2030.

“By focusing on the energy systems of tomorrow, we are delivering growth and profitably for our customers today.”

Volue has also published its annual ESG report today.

Trond Straume, continued: “Sustainability is in the core of everything Volue does. Volue was founded with the purpose of enabling the green transition, and we achieve this by delivering software and services critical to society for a cleaner, better and more profitable future.

“The transition to a sustainable tomorrow is happening now, and we enable our customers to be part of it. Whether it is established energy producers adjusting their asset portfolios to accommodate more renewables or new players entering the renewable energy sector, our suite of products and services remains relevant to all. Our goal is to enable and allow any participant in the energy system to make a positive contribution towards the green transition.”