cBrain is pleased by the continued positive development in Q4. This includes both Denmark as well as internationally, where both the number of incoming orders and deliveries are in line with expectations.
In November, cBrain raised its revenue growth expectations for the year to 23-25%.
As a result of the continued positive development in Q4, cBrain once again raises its expectations for revenue growth in the financial year 2021 from 23-25% to 25-27%.
In the financial year 2020, cBrain could report its best year to date with revenue growth of 25% compared to revenue growth of 16% in the financial year 2019.
With the latest upward adjustment where cBrain expects revenue growth in the financial year 2021 of 25-27%, cBrain is thus facing the largest revenue growth in the company’s history.
The upward adjustment showcases that cBrain is well on its way in implementing the company’s international growth plan.
Following this, it should be noted that cBrain’s growth is based solely on organic growth. This showcases that cBrain’s growth and business model is both healthy and scalable.
cBrain thus manages to continuously increase revenue without long-term investments or acquisitions, as the increased revenue growth is financed directly through operating profits. Furthermore, this means that cBrain has a positive cash flow, and additionally that cBrain’s accounts have a solid cash position without debts related to investments in growth.
cBrain has previously announced expected earnings of 14-17%. The increased growth has a positive effect on earnings. However, cBrain is currently involved in a number of bigger investments related to a new domicile and expansions in Germany. Therefore, both earnings and the margin for earnings are increased as expectations for earnings before tax (EBT) are raised from 14-17% to 15-19%.