s-Hertogenbosch, 28 July 2023 – Business & Cloud Integrator Ctac N.V. (Ctac) (Euronext Amsterdam: CTAC) today publishes its results for the first half of 2023.
Highlights H1 2023
- Revenue +14.5% (+12.3% organically) to € 64.9 million
- Normalised EBITDA comes in at € 5.5 million, equal to H1 2022. Including one-time effects, EBITDA decreased to € 4.9 million (-14.0%) at a 7.6% margin
- Normalised net profit comes in at € 1.9 million, equal to H1 2022. Including one-time effects, net profit decreased to € 1.4 million (-33.3%)
- Operating cash flow of € 1.9 million and net cash position of € 3.0 million
Highlights Q2 2023
- Revenue +13.5% due to strong contribution from Projects and secondment and growth of Cloud services activities
- Normalised EBITDA stable at € 2.4 million
Outlook 2023
- While maintaining the long-term targets, the outlook for 2023 is partially revised based on the one-time effects and adjusted to higher organic revenue growth of 9 to 12% at a lower EBITDA margin of 8 to 10%
- Realignment of strategy under new leadership team expected in the second half of 2023
