Techie schreef op 12 februari 2025 18:42:
Q4 2024 Financial Highlights
Gross profit increased 6% YoY to €21.8 million and Gross margin reached 29.2% (Q4 2023: 31.1%)
Normalized EBITDA consequently grew 71% YoY to €5.3 million. No one-offs to report, therefore Normalized EBITDA equals reported EBITDA
Revenue grew 13% YoY to €74.5 million, the strongest acceleration in the quarter in 2024 YoY, mostly driven by Engage and Connect
FY 2024 Financial Highlights
Record level Normalized EBITDA of €18.1 million (2023: -€0.9 million), meeting top end of guided range
Gross profit increased by 6% YoY to a record level of €83.1 million
Gross margin improved to 30.3% in 2024 (2023: 29.5%)
Revenue grew 3% YoY to €274.2 million, and Annual Recurring Revenue grew 6% YoY to €33.7 million
Normalized OPEX declined 18% YoY to €65.0 million, in accordance with our guidance
The FTE count declined by 6% to 666 FTE per year-end 2024
Free Cash Flow over FY 2024 turned positive and reached €3.4 million, realizing an important milestone
Unrestricted cash position year-end 2024 was €18.1 million versus €26.2 million end 2023
In 2024, CM.com reached all of its mid-term growth targets as communicated in the Deep Dive in June 2022
Q4 2024 Business Highlights
CM.com signed several eye-catching contracts with blue-chip names in Q4 2024, amongst others AS Watson, as a first Agentic AI client within the Engage Business Unit, and a booking system for handling 15 million visitors for Notre-Dame de Paris for the Live Business Unit
Revolutionary AI Playground tool was launched and development of the Agentic AI platform HALO completed
CM.com Live Business Unit won 50 Cent UK tour ticketing deal
Outlook
CM.com expects EBITDA to grow within a range of €22-27 million for FY 2025
CM.com expects Gross profit momentum to continue into 2025 and push for further growth