reports
cBrain appoints new CFO
cBrain appoints new CFO Company Announcement no. 07/2025 cBrain appoints new CFO Copenhagen, June 11, 2025 cBrain (NASDAQ: CBRAIN) is happy to announce that Lars Møller Christiansen has accepted the role as new CFO starting August 1st, 2025. Lars Møller Christiansen comes from a position as Deputy Director at the Environmental Protection Agency (EPA), now known as the Agency for Green Land Use Planning and Aquatic Environment. Lars was responsible for financial management and digitization at the Danish EPA. cBrain’s current CFO, Ejvind Jørgensen, wishes to step down after nine year...
- ABGSC IT Research
- Mikkel Kousgaard Rasmussen
Minutes of meeting – AGM 2025
Minutes of meeting – AGM 2025 Company Announcement no. 06/2025 Minutes of meeting – AGM 2025 Copenhagen, April 29, 2025 At cBrain's ordinary general meeting on April 29 The Board of Directors' report on the Company’s activities in the past year was approved,The Annual Report 2024 was adopted and resolution regarding discharge for the Management and the Board of Directors was passed,Appropriation of profit or covering of loss according to the approved annual report approved (dividend of DKK 0.64 per share),Henrik Hvidtfeldt, Lisa Herold Ferbing, Peter Loft, Thomas Qvist and Per Tej...
- ABGSC IT Research
- Mikkel Kousgaard Rasmussen
cBrain aims to create and lead two new global solution niches
cBrain aims to create and lead two new global solution niches Company Announcement no. 05/2025 cBrain aims to create and lead two new global solution niches Copenhagen, April 29, 2025 The faster-than-anticipated shift in the government IT market toward COTS government software presents new strategic opportunities for cBrain. As a result, cBrain (NASDAQ: CBRAIN) has announced to adjust its growth strategy during the first half of 2025 to capitalize on these market changes. Consequently, the growth strategy is extended by adding a focus on two market niches with global potential. Ut...
- ABGSC IT Research
- Mikkel Kousgaard Rasmussen
- ABGSC IT Research
- Mikkel Kousgaard Rasmussen
- ABGSC IT Research
- Mikkel Kousgaard Rasmussen
cBrain reports EBT of 32% and raises payout ratio to 20%
cBrain reports EBT of 32% and raises payout ratio to 20% Company Announcement no. 03/2025 cBrain reports EBT of 32% and raises payout ratio to 20% Copenhagen, February 20, 2025 cBrain (NASDAQ: CBRAIN) reports revenue grew by +12% to DKK 268m in 2024, up from DKK 239m in 2023, aligning with the expected revenue growth range of 12-13%. Software revenue is 78% of total revenue, while implementation and support services account for 22% of total revenue. Software subscriptions, the majority based on long-term contracts with Danish government customers, account for more than 50 % of ...
cBrain intends to take lead in COTS for government industry
cBrain intends to take lead in COTS for government industry Company Announcement no. 02/2025 cBrain intends to take lead in COTS for government industry Copenhagen, February 20, 2025 cBrain (NASDAQ: CBRAIN) revenue grew by +12% to DKK 268m in 2024, up from DKK 239m in 2023. Earnings before tax (EBT) grew to DKK 86m in 2024, up from DKK 81m in 2023, thereby reaching an EBT margin of 32%. Results are in line with expectations, forecasting a revenue growth range of 12-13% and EBT margin of 30-32%. Strong positive cash flow from operating activities enables an increase in dividends, ...
- ABGSC IT Research
- Mikkel Kousgaard Rasmussen
- ABGSC IT Research
- Mikkel Kousgaard Rasmussen
cBrain raises expected 2024 EBT margin to 30-32%
cBrain raises expected 2024 EBT margin to 30-32% Company Announcement no. 01/2025 cBrain raises expected 2024 EBT margin to 30-32% Copenhagen, January 20, 2025 For the year 2024, cBrain (NASDAQ: CBRAIN) has forecasted revenue growth of 10-15% and earnings before tax (EBT) of 24-30%. Revenue growth is now narrowed from 10-15% to 12-13%, aligning with the middle of the previous range. In parallel cBrain raises expected EBT from 24-30% to 30-32%. The expected revenue growth is in line with the three-year growth plan, while earnings exceed expectations. Due to fast...
- ABGSC IT Research
- Mikkel Kousgaard Rasmussen
- ABGSC IT Research
- Mikkel Kousgaard Rasmussen
cBrain executes growth plan, remaining on target
cBrain executes growth plan, remaining on target Company Announcement no. 11/2024 cBrain executes growth plan, remaining on target Copenhagen, November 7, 2024 Driven by expanding partnerships and large contracts globally, cBrain (NASDAQ: CBRAIN) intends to become a leading supplier of COTS (commercial off-the-shelf) software for government. Based on solid development in Denmark and a solid growing international pipeline of customer projects, cBrain foresees significant growth in 2025. Commercial off-the-shelf (COTS) software redefines and accelerates government digital transforma...
- ABGSC IT Research
- Mikkel Kousgaard Rasmussen
- ABGSC IT Research
- Mikkel Kousgaard Rasmussen
Correction: cBrain lowers expected yearly revenue growth to 10-15%, bu...
Correction: cBrain lowers expected yearly revenue growth to 10-15%, but maintains EBT margin of 24-30% Company Announcement no. 10/2024 cBrain lowers expected yearly revenue growth to 10-15%, but maintains EBT margin of 24-30% Copenhagen, November 28, 2024 cBrain (NASDAQ: CBRAIN) is executing its international growth plan with a financial goal of reaching total revenue of 350 million DKK in 2025. This goal is anchored in two primary revenue streams, referred to as “Base” and “Stepping stones”. The “Base” stream aims to achieve annual revenue growth of 10-15% by stre...
cBrain lowers expected yearly revenue growth to 10-15%, but maintains ...
cBrain lowers expected yearly revenue growth to 10-15%, but maintains EBT margin of 24-28% Company Announcement no. 10/2024 cBrain lowers expected yearly revenue growth to 10-15%, but maintains EBT margin of 24-28% Copenhagen, November 28, 2024 cBrain (NASDAQ: CBRAIN) is executing its international growth plan with a financial goal of reaching total revenue of 350 million DKK in 2025. This goal is anchored in two primary revenue streams, referred to as “Base” and “Stepping stones”. The “Base” stream aims to achieve annual revenue growth of 10-15% by strengthening and expanding ex...
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