q.beyond Achieves Positive Free Cash Flow a Year Ahead of Schedule

• q.beyond AG generated positive free cash flow one year earlier than expected, improving its free cash flow by €11.4 million to €1.7 million in 2023.
• The company's revenues rose by 9% to €189.3 million and EBITDA improved by 6% to €5.7 million in 2023, meeting targets.
• For 2024, q.beyond has budgeted EBITDA growth to €8 million to €10 million, with revenues of €192 million to €198 million and sustainably positive free cash flow.
• The company underwent a far-reaching restructuring in 2023, including a clearer focus on its business model, increased effectiveness of its go-to-market approach, and simplified and standardised processes and structures.
• Both cloud revenues and SAP revenues contributed to the company's growth in 2023, increasing by 9% to €151.2 million and 13% to €38.1 million respectively.
• q.beyond expects its profitability to increase significantly in 2024, with EBITDA set to rise to between €8 million and €10 million, revenues of between €192 million and €198 million, and a continued sustainably positive free cash flow.

The next important date, Publication of the annual report 2023, at q.beyond is on 28.03.2024.

q.beyond

-1,28 %

-4,04 %

+4,04 %

+4,04 %

-20,77 %

-66,99 %

-57,73 %

-82,95 %

-95,96 %

ISIN:DE0005137004WKN:513700

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