“This result serves as a solid platform for the coming year, where we will focus on identifying new markets, evaluating expansion options, assessing new partnerships, and focusing on business growth. I am fully committed to driving additional value for our company,” says
Q4 2023 FINANCIAL HIGHLIGHTS
- Revenues in Q4 of 2023 totaled
EUR 22.8 million (EUR 15.7 million ) with an organic growth of 45.3% (23.1%), driven primarily by continued growth within sub-affiliation. - EBITDA amounted to
EUR 6.0 million (EUR 6.4 million ) somewhat impacted by a softer development inSweden , compared against a strong fourth quarter 2022 impacted positively by the FIFA World Cup in in that year. Other regions showed good performance and sub-affiliation continued to grow. - Operating profit amounted to
EUR 2.8 million (EUR 4.3 million ), lower as an effect of increased non-cash affecting amortisation and depreciation on intangibles assets relating primarily to the prior acquisition of Casumba. - Free cash flow increased to
EUR 4.8 million (EUR 2.2 million ) with only minor earnout settlements during the quarter.
DIVIDEND PROPOSAL AND OUTLOOK
- The Board of Directors proposes to the Annual General Meeting 2024 a dividend corresponding to
EUR 0.10 per share (EUR 0.094 ), representing an increase of 6% from last year. - Guidance for 2024:
- EBITDA is expected to come in between
EUR 24-26 million . - Free cash flow is estimated to amount to
EUR 22-24 million before cash settlements of the Casumba earnout ofEUR 18.3 million this year.
- EBITDA is expected to come in between
SUBSEQUENT EVENTS AFTER THE END OF THE PERIOD
- Revenues in
January 2024 amounted toEUR 7.3 million (EUR 5.0 million ).- Supported by positive results from Sub-affiliation
- On
January 11, 2024 , the board of Directors appointedJohan Svensson as Acting CEO, replacing the former CEOOskar Mühlbach .
Read the full report at: https://raketech.com/investor-relations/
REPORT AND PRESENTATION
Acting CEO
Presentation outline:
- Business update by Acting CEO
Johan Svensson - Financials Q4 2023 by CFO
Måns Svalborn - Key takeaways
- Q&A
The presentation can be followed via both a conference call and an online audio cast, including a Q&A session open to all listeners at the end of the presentation.
If you wish to participate via webcast, please use the link below. Via the webcast you are able to ask written questions.
https://ir.financialhearings.com/raketech-q4-report-2023
If you wish to participate via teleconference, please register on the link below. After registration, you will be provided with phone numbers and a conference ID to access the conference. You can ask questions verbally via teleconference.
https://conference.financialhearings.com/teleconference/?id=5007379
© Modular Finance, source