EQS-News 117 0 Kommentare Fabasoft AG: Fabasoft remains on course for growth

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Fabasoft AG reports sales revenue of EUR 60.7 million in the first nine months of fiscal year 2023/2024, an increase from the previous year.
EBITDA and EBIT also show growth, reaching EUR 16.8 million and EUR 11.0 million respectively.
The company focuses on new AI applications and has the highest R&D intensity in Austria, investing in user-oriented AI solutions.

EQS-News: Fabasoft AG / Key word(s): Quarter Results
Fabasoft AG: Fabasoft remains on course for growth

09.02.2024 / 07:13 CET/CEST
The issuer is solely responsible for the content of this announcement.

Fabasoft AG (ISIN AT0000785407, WKN 922985, Prime Standard) announced on 9 February 2024 Group figures for the first nine months of the fiscal year 2023/2024 (01/04/2023-31/12/2023):

Sales revenue: EUR 60.7 million (EUR 49.9 million in the first nine months of the fiscal year 2022/2023)
EBITDA: EUR 16.8 million (EUR 11.9 million in the first nine months of the fiscal year 2022/2023)
EBIT: EUR 11.0 million (EUR 7.0 million in the first nine months of the fiscal year 2022/2023)
Cash flows from operating activities: EUR 9.6 million (EUR 1.4 million in the first nine months of the fiscal year 2022/2023)
Cash and cash equivalents: EUR 21.5 million as of 31 December 2023 (EUR 22.8 million as of 31 December 2022)

Fabasoft remains on course for growth

The Fabasoft Group continued to grow in the first three quarters of the current fiscal year 2023/2024 and generated higher revenue and profit compared to the same period of the previous year.
Investment focus on new AI applications in the Fabasoft PROCECO Ecosystem.

Linz, 9 February 2024 – The Fabasoft Group increased its revenue in the first three quarters of the 2023/2024 fiscal year by 21.6% year-on-year to EUR 60.7 million. The third quarter also developed particularly well, generating consolidated revenue of EUR 21.3 million.

Increase in EBIT margin despite ongoing investments

The operating result (EBIT) increased year-on-year to around EUR 11.0 million in the first nine months of 2023/2024. EBITDA increased to around EUR 16.8 million in the same period of the previous year. The increase in the EBIT margin was achieved despite the investments in the further expansion of Fabasoft PROCECO Solutions and international sales activities as well as the hiring of additional, highly qualified specialists.

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