EQS-News

q.beyond generates positive free cash flow one year earlier than expected - Seite 2

q.beyond expects its profitability to increase significantly in the current financial year, with EBITDA set to rise to between € 8 million and € 10 million. This will be accompanied by revenues of between € 192 million and € 198 million and a continued sustainably positive free cash flow. The measures q.beyond will take to boost its efficiency include raising the share of its nearshoring and offshoring activities from 11% currently, promoting the automation of processes and increasingly deploying generative artificial intelligence.

Profitability ahead of growth

In its 2025 Strategy, the company set itself the target of achieving an EBITDA margin of 7% to 8% and positive consolidated net income in 2025. Thies Rixen, q.beyond’s CEO, sees the company as being well on the way to meeting these targets. The EBITDA margin is budgeted to rise to 4% to 5% in 2024. Here, Rixen has set clear priorities: profitability ahead of growth! The core goal of the 2025 Strategy is to sustainably and significantly increase q.beyond’s earnings and financial strength.
 

Key figures at a glance

€ million	2023	2022	Change
Revenues	189.3	173.0	+9%
- Cloud	151.2	139.2	+9%
- SAP	38.1	33.8	+13%
EBITDA	5.7	5.4	+6%
EBIT	(10.9)	(32.3)	+66%
Consolidated net income	(16.4)	(33.1)	+50%
Free cash flow	1.7	(9.7)	n/a
Net liquidity at 31 December	37.6	35.9	+5%
Equity ratio at 31 December	64%	72%	n/a
Employees at 31 December	1,111	1,112	0%