Erg chebbi schreef op 29 februari 2024 07:52:
FY 2023 financial highlights
• Gross profitincreased by 9% YoY to €78.5 million, supported by growth in all segments, especially Ticketing with
a growth of 29%.
• Gross margin improved to 29.5% in 2023 (2022: 25.4%), with CPaaS showing the strongest margin improvement
YoY.
• Normalized EBITDA for the full year was -€0.9 million, before €1.8 million restructuring costs, compared to -€ 22.3
million in FY 2022, before €4.2 million one-off bad debt hit.
• Normalized EBITDA H2 2023 was €2.8 million positive, before €1.0 million restructuring cost, meeting guidance.
• Revenue developed to €266.2 million (-6% YoY), as revenue from higher margins products remained strong, and
CPaaS focused on improving profitability.
• Normalized OPEX decreased 16% YoY to €79.5 million, in accordance with our guidance.
• The FTE count declined by 23% to 720 FTE per year-end 2023