Total revenue for the quarter was EUR 520 million, while EBITDA increased 23,2% to EUR 140 million.
Steady growth in all business areas
Visma’s core business areas grew substantially compared to Q2 of 2020. Visma Nordics grew by 23%; Visma Benelux by 20%; Visma Custom Solutions by 27%; and Visma’s geographical expansion areas in Central and Eastern Europe and Latin America by an impressive 71%.
Visma reached an Annualized Repeatable Revenue of EUR 1 534 million, an increase of 21,4% compared to one year ago. Visma also grew 36,5% in cloud customer contracts year over year, and now serves 1 100 000 customers.
Revenues from cloud subscriptions and transactions continue to be Visma’s primary growth driver, increasing 36,2% year over year to EUR 274 million during the quarter.
Strong acquisition activity
Visma welcomed 12 new companies to the Visma family in Q2, most notably the fast-growing Holded, which offers ERP solutions in the Spanish market. In Romania, Visma expanded its offering by acquiring Keez, provider of a Solutions as a Service platform for payroll and accounting customers.
Q2 2021 by the numbers
(EUR in millions)
|Q2 2021 actual||Q2 2020 actual||Growth||1st half year 2021 actual||1st half year 2020 actual||Growth||Year 2020 actual
|Profit before tax||17||11||54,2%||42||13||224,8%||68|