Visma, the Norwegian company behind Vintage Altaroc Odyssey 2022, Odyssey 2023 and Altalife 2023, posted sales of 694 million euros in Q3 2024, up 17% year-on-year over the same period. This performance is mainly due to increased spending by existing customers and an expanding customer base. Earnings before interest, tax, depreciation and amortization (EBITDA) also rose significantly, reinforcing the company's financial strength.
SaaS solutions, which form the core of Visma's offering, continued to grow significantly, accounting for an ever-increasing share of total sales. Visma thus combines healthy organic growth with strategic acquisitions, having integrated several new software companies during the quarter.
The company continued its expansion in European markets, notably with the acquisition of Quarksup, a provider of human resources management and payroll solutions in France. Visma also invested in Pathway Solutions, a specialist in e-commerce solutions in Germany, while strengthening its HR Tech offering in Chile with the acquisition of Rex+ Group.
