“We are pleased to report another strong quarter, in line with the updated trading guidance for 2023. The team reached an all-time high in revenue performance and organic growth and a solid EBITDA, supported by the strong demand for our infrastructure solutions in Sub-Affiliation, and complemented by stable growth at higher margins in our core segment Affiliation Marketing,” says Oskar Mühlbach, CEO of
Q3 2023 FINANCIAL HIGHLIGHTS
- Q3 of 2023 reached an all-time high in terms of revenues, totaling
EUR 21.5 million (EUR 13.0 million ) with an organic growth of 65.8% (14.2%). - Adjusted EBITDA grew by 16.5% Y/Y to
EUR 5.6 million , driven by strong development in Casumba, part of our Flagship strategy, and significant growth within sub-affiliation. - With three solid quarters behind us, we expect to comfortably close 2023 in line with our previously increased guidance of EBITDA at
EUR 23-25 million as well as net cash flow in the interval ofEUR 13-15 million , while beating guidance with regards to revenue ofEUR 65-70 million . - Adjusted Operating profit amounted to
EUR 2.3 million (EUR 2.9 million ), impacted by increased non-cash affecting amortisation following adjustments attributable to amounts committed on acquisitions relating to Casumba. - The calculation period for the largest share of the contingent consideration relating to the acquisition of Casumba is coming to an end in December this year, which means that we can, with a high degree of certainty, determine the majority of the earnout.
SUBSEQUENT EVENTS AFTER THE END OF THE PERIOD
- Revenues in
October 2023 amounted toEUR 7.7 million (EUR 5.0 million )
Read the full report at: https://raketech.com/investors/
REPORT AND PRESENTATION
CEO
Presentation outline:
- Business update by CEO
Oskar Mühlbach - Financials Q3 2023 by CFO
Måns Svalborn - A detailed plan regarding earnouts in Casumba
- 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-q3-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=5001817
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