Fabasoft AG: Fabasoft achieves revenue growth in the first quarter of 2024/2025

EQS-News: Fabasoft AG / Key word(s): Quarterly / Interim Statement Fabasoft AG: Fabasoft achieves revenue growth in the first quarter of 2024/2025 09.08.2024 / 07:24 CET/CEST The issuer is solely responsible for the content of this announcement. Fabasoft AG (ISIN AT0000785407, WKN 922985, Prime Standard) announced on 9 August 2024 Group figures for the first three months of the fiscal year 2024/2025 (01/04/2024-30/06/2024):

• Sales revenue: EUR 20.4 million (EUR 19.7 million in the first three months of the fiscal year 2023/2024)
• EBITDA: EUR 3.7 million (EUR 4.5 million in the first three months of the fiscal year 2023/2024)
• EBIT: EUR 1.7 million (EUR 2.6 million in the first three months of the fiscal year 2023/2024)
• Cash flows from operating activities: EUR 0.1 million (EUR 1.0 million in the first three months of the fiscal year 2023/2024)
• Cash and cash equivalents: EUR 23.3 million as of 30 June 2024 (EUR 25.3 million as of 30 June 2023)

 

Linz, 9 August 2024 – In the first three months of the 2024/2025 fiscal year, the Fabasoft Group generated revenues of EUR 20.4 million, an increase of 3.8% compared to the same period of the previous year. The increase in revenues is closely linked to the continued positive development of recurring revenues, which improved by 11.1% to around EUR 11.7 million in the reporting period.
 

Investment focus on product innovations and artificial intelligence

Artificial intelligence applications are currently shaping the digital transformation of the economy and society. Fabasoft supports its customers with AI innovations to increase the automation of business processes, which also cushion the ongoing shortage of skilled workers. In order to ensure that the Fabasoft Group continues on its growth trajectory, significant investments in the areas of innovative proprietary software product technology and the Cloud offerings based on it, artificial intelligence including the expansion of AI capacities in the data centers as well as international marketing and sales are therefore still necessary.