Our insights

cBrain and The United Nations Development Programme (UNDP) have partnered to accelerate Africa’s digital transformation by leveraging proven Danish government digital solutions.

cBrain reports revenue grew by +12% in 2024 with an EBT margin of 32%, in line with expectations. cBrain sees faster-than-expected adoption of Commercial Off-The-Shelf (COTS) solutions for government, presenting strategic opportunities for international expansion.

To capitalize on the growing Commercial Off-The-Shelf (COTS) for government market, cBrain is evaluating its international growth strategy, planning increased investments and strategic adjustments.

cBain are pleased to announce that earnings are higher than the previously announced expectation. This is because revenue growth is at the upper end of the announced interval, while some budgeted costs at the end of the financial year are lower than expected.

cBrain is happy to report a good year in which the company successfully maintained a solid, organic growth and high earnings while moving to a new domicile and initiating the next steps of its international growth plan.

The preliminary results for the first half of 2023 have exceeded expectations with higher revenue growth and earnings. As a result, cBrain's full-year revenue growth guidance for 2023 is now revised and increased.

Financial results for first half-year, 2023, show all-time record high revenue growth and earnings, confirming that cBrain is on track to execute the growth plan.

cBrain has signed a partnership agreement with Kodumburar Solutions in India and established cBrain India, a joint venture based subsidiary located in Chennai, Tamil Nadu, India.

Nasdaq has informed cBrain that as of 1. December 2023, cBrain will be included as a new company in the OMX Copenhagen Benchmark index.

The Danish Ministry of Finance has run a public tender and signed an 8-year agreement with cBrain. cBrain has to deliver F2 as the digital platform for the finance ministry group. This includes the Ministry and the 4 group agencies.

cBrain is pleased to recognize a significant jump in subscription revenue during the fourth quarter of 2023 due to increased usage of the F2 digital platform across the user base.

The cBrain 2023-2025 growth plan is based on organic growth and strong positive cash flow. In order to execute the plan, cBrain has reallocated internal resources to help build a climate software market position and a partner ecosystem.

cBrain is well on track and executes the 2023-2025 growth plan, reporting record high earnings before tax margin (EBT margin) of 34%.

cBrain leads in AI for government with the launch of F2 AI Assistant, a secure, on-premises module designed for government needs. The company reports 27% growth in 2023 and forecasts 20-25% growth in 2024, driven by international expansion and innovative climate and AI solutions.

With 12 points out of a possible 14, cBrain came top of the list in this year's Tax Governance Rating for mid cap companies as compiled by “Økonomisk Ugebrev”.

cBrain has signed an agreement with the Ministry of Innovation, Science and Technology in Nigeria to deliver a Proof of Concept project.

cBrain maintains its full-year guidance and continues executing its 2023-2025 growth plan, driven by international expansion, strategic partnerships, AI-driven innovations, and the scaling of F2-for-Partners strategy.

The Danish government recently announced the creation of a new Ministry for Elderly Affairs and a new Ministry for Tripartite Affairs. Shortly after the announcement, cBrain agreed to deliver and implement F2 as the digital platform for the two new ministries.

Driven by expanding partnerships and large contracts globally, cBrain intends to become a leading supplier of 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.

The United Nations Development Programme (UNDP) and Denmark-based digital solutions provider cBrain today signed an agreement to partner to fast-track digital transformation across Africa. This collaboration aims to bridge the digital divide, drive inclusive growth, and strengthen resilience in African communities through innovative and scalable digital solutions.

cBrain adjusts expectations, raising EBT to 30-32% as the shift toward standard government software accelerates and creates new strategic opportunities.

cBrain is executing its international growth plan with a financial goal of reaching total revenue of 350 million DKK in 2025.

Based on a good first half of the year and continued positive development, cBrain stated in connection with the quarterly announcement for Q3 that the company, as part of the company's long-term growth plan, has now advanced and begun the implementation of a number of new strategic measures.

cBrain has proudly received the ESG Transparency Award 2024 during the European Sustainability Week, held at the ESG Summit in Bonn.