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q.beyond increases EBITDA by € 3.3 million to € 2.0 million in Q1 2024 - Seite 2
Growing earnings strength in 2024 and beyond
Following its good business performance at the start of the year, q.beyond can confirm its outlook for the 2024 financial year. The company has budgeted for its EBITDA to increase to between € 8 million and € 10 million, with a resultant EBITDA margin of 4% to 5%, and for revenues of between € 192 million and € 198 million and sustainably free cash flow.
For the coming year, the company has set itself the target within its 2025 Strategy of raising its EBITDA margin to between 7% and 8%, and generating sustainably positive consolidated net income.
The measures to reach this target include raising the share of nearshoring and offshoring activities from 12% currently to at least 20%, and pressing ahead with automating processes with the
assistance of artificial intelligence.
Key figures at a glance
€ million | Q1 2023 | Q1 2024 |
Revenues | 46.6 | 47.1 |
- Managed Services (“Operations”) | 31.1 | 32.9 |
- Consulting (“Consulting & Development”) | 15.5 | 14.2 |
Gross profit | 6.0 | 8.2 |
EBITDA | (1.3) | 2.0 |
EBIT | (4.6) | (1.1) |
Consolidated net income | (5.0) | (1.1) |
Free cash flow | 1.1 | 0.6 |
Net liquidity at 31 March | 37.0 | 38.2 |
Equity ratio at 31 March | 74% | 66% |
Employees at 31 March | 1,090 | 1,109 |
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