Ctac closes 2022 with higher revenue and profit

17 February 2023
Financial,
Financieel
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Ctac closes 2022 with higher revenue and profit

17 February 2023

Project phase of Ignite change programme close to completion; basis strengthened for future growth

‘s-Hertogenbosch (the Netherlands), 17 February 2023 – Business & Cloud Integrator Ctac N.V. (Ctac) (Euronext Amsterdam: CTAC) today announces its full year results for 2022.

 

Highlights 2022

  • Revenue +10.6% (+8.0% organic) to € 117.7 million
  • EBITDA +2.5% to € 12.3 million; margin of 10.5% in line with target for 2022
  • Net profit +6.4% to € 5.0 million
  • Operating cash flow of € 6.1 million and net cash of € 5.4 million
  • Optional dividend proposed of € 0.12 per share (pay-out ratio: 35%)

 

Highlights fourth quarter 2022

  • Revenue +8.2% driven by strong contribution Secondment and projects
  • EBITDA +7.9% to margin of 12.9%; EBIT +12.5%

 

Outlook

  • Single-digit organic revenue growth and EBITDA margin of between 11% and 13% in 2023
Key figures
€ mln (unless stated otherwise)
2022 2021 Delta Q4-2022 Q4-2021 Delta
Revenue 117.7 106.4 +10.6% 31.8 29.4 +8.2%
EBITDA* 12.3 12.0 +2.5% 4.1 3.8 +7.9%
EBIT* 6.9 6.5 +6.2% 2.7 2.4 +12.5%
Net result 5.0 4.7 +6.4% 2.1 2.0 +5.0%
Operational cash flow 6.1 9.5 -35.8%
Net cash (per year-end) 5.4 7.5 -28.0%

*) Including one-time effects of € 1.0 miljoen in 2022 and € 1.0 miljoen in 2021 respectively

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