’s-Hertogenbosch, 30 July 2021 – Business & Cloud Integrator Ctac N.V. (Ctac) (Euronext Amsterdam: CTAC) today announces its results for the first half of 2021.
Highlights first half 2021
- Net revenue rises 23.2% to € 52.1 million, driven by broad-based organic growth and the acquisition of Oliver
- EBITDA rises to € 5.7 million, an increase of 46.2%
- Net result almost triples to € 1.9 million, compared with € 0.7 million in H1 2020
- Free cash flow comes in at € – 5.4 million due to the payment of deferred taxes (Covid-19) and the acquisition of Oliver
Highlights second quarter 2021
- Net revenue rises to € 25.7 million, an increase of 26.0%, with 18% of this organic, largely driven by higher contribution from secondment and projects
- EBIT comes in at € 1.2 million, an increase of 140%
- Cash position normalised due to the absence of Covid-19 measures seen in second quarter 2021
| Key figures € mln |
H1 2021 | H1 2020 | Delta | Q2-2021 | Q2-2020 | Delta |
|---|---|---|---|---|---|---|
| Revenue* | 52,1 | 42,3 | +23,2% | 25,7 | 20,4 | +26,0% |
| EBITDA* | 5,7 | 3,9 | +46,2% | 2,5 | 1,7 | +47,1% |
| EBIT* | 2,9 | 1,3 | +123,1% | 1,2 | 0,5 | +140,0% |
| Net result | 1,9 | 0,7 | +171,4% | |||
| Free cash flow | -5,4 | 7,2 | +175,0% | |||
| Net cash (30 June) | 1,7 | 6,7 | -74,6% |
*) Excluding discontinued operations in France
