EQS-News

CHAPTERS Group AG finishes successful 2023 financial year; Strong momentum continues in 2024 - Seite 2

Overall, our vision of building the ideal home for mission-critical businesses took great steps this year.”

Strong Growth in 2023

In the 2023 fiscal year, the growth of the group continued again. The platforms belonging to the group have acquired majority stakes in 18 additional operating companies. In addition, CHAPTERS Group AG increased its ownership in Fintiba GmbH from 39.9% to 55% and spun-off the property services group of NGC Nachfolgekapital. At the end of 2023, the group encompassed a total of 41 operating companies, one of which was a minority holding.

Based on preliminary numbers, the group achieved c. Euro 93m in revenue in 2023, an increase of c. 39% to the comparable period in 2022. EBITDA (adjusted) for 2023 of all operating companies is expected to amount to c. Euro 25m, an increase of 49% over 2022.

In addition to very strong inorganic growth in 2023, the group also saw c. 30% organic growth in EBITDA. This performance was strongly driven by excellent results at Fintiba. Excluding Fintiba, organic EBITDA growth in 2023 was in the mid-single digits.

Continued Progress in 2024 Year to Date 

In the first few months of the current fiscal year, three additional operating companies were added to the group contributing c. Euro 2.3m in adjusted EBITDA, thereof c. Euro 1.6 million attributable to CHAPTERS. Total capital invested in relation to those transactions amounts to Euro 15 million. CHAPTERS Group AG also increased its stake in Software Circle plc to c. 29.9%. Software Circle is a serial acquirer of great vertical market software business in the UK and Ireland and has invested in 6 business to date. CHAPTERS Group AG has been a minority shareholder since 2023.

In addition, CHAPTERS Group AG resolved a capital increase against contribution in kind in January 2024 issuing c. 1.4 million in new shares.

Team Additions

In March 2024, CHAPTERS Group AG brought three new professionals onto the team. Marc Maurer joined as Chief Operating Officer for Vertical Market Software. Marc brings two decades of experience in the software space, both as an investor and operator with companies like Constellation Software, SAP, and Nokia. To support him in his ambition to help our platforms and operating companies to scale and grow, Christian Kappes joined Marc’s team. Christian has successfully driven growth at three CHAPTERS subsidiaries in the last two years. Melissa Koenigsberg joined the Finance Team as Head of Finance. Having worked in a similar role at a fast-growing M&A aggregator holding before, she is well equipped to scale the Finance organization of the group.