Ctac posts relatively strong revenue increase and maintains medium-term outlook

30 July 2021
Financial,
Financieel
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Ctac posts relatively strong revenue increase and maintains medium-term outlook

30 July 2021

’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

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