Høvik,26 September 2022 :House of Control Group AS ("House of Control " or "the Company") is performing in line with prior guidance, maintaining a solid growth momentum with strengthened focus on cost control and profitability in 2022. The company expects positive EBITDA for the full year 2022 and positive Cash EBITDA after capitalized R&D investments from mid-2023. For the full year 2022, the Company expects revenues betweenNOK 218 - 222 million and adjusted EBITDA betweenNOK 16 - 20 million. For further information please contact: CFOCarl Fabian Flaaten Cell: +47 90 04 31 84 Email: carlfabian@houseofcontrol.no About theHouse of Control Group House ofControl Group is a tech company that develops software as a service (SaaS) solutions for contract management and IFRS 16 compliance. The CFO and the finance departments of medium-sized and large companies are the main target groups, and the group's software helps them improve financial and operational management. Private and public enterprises use the software to manage contracts and assets, communicate with suppliers, and get a faster overview over their business via dashboards. The CFO toolkit contributes to at least four important tasks: Cut costs, save time, reduce risk, and improve compliance - all key ingredients of a better working finance department.House of Control's strong revenue growth is supported by a unique salesforce, with recurring revenues accounting for approximately 95 per cent of total sales. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. Thisstock exchange announcement was published byCarl Fabian Flaaten , CFO atHouse of Control , on26 September 2022 at08:00 CEST .
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