Financial information

Medius experienced a record year in 2018 with high sales growth in all countries for both the MediusFlow and Ascendo Invoice solutions.

2018 highlights:

  • Sales success: The total net customer base grew by 24% (10% LY) and new ACV (Annualized Contract Value) sales grew to 68 MSEK (57 MSEK LY) ($7.5M USD). The total ACV stock grew by 24% (23% LY) to 276 MSEK ($31M USD).
  • Revenue growth: Recurring revenue accounted for 72% (69% LY) of total revenue and subscription revenue grew by 28% (33% LY).
  • Product innovation: Medius launched more product innovations than any prior year in the company’s history. Research and development investments continue to focus on helping customers achieve a more efficient AP process and increase their control of the entire business.
  • Global expansion: Medius has seen great traction from investments in key growth markets like North America and APAC, and plan to further accelerate international growth during 2019.

Read the press release: Medius 2018 Corporate Summary

Additional information

If you have any questions or would like any additional information please contact Anders Fohlin, Group CFO by email or phone +46 (0)721-55 77 91.