’s-Hertogenbosch, 27 February 2024 – Business & Cloud Integrator Ctac N.V. (Ctac) (Euronext Amsterdam: CTAC) todays announces its 2023 full-year results.
Highlights 2023
- Revenue +8.1% (+7.1% organic) to € 127.2 million
- One-off charges for Technology2Enjoy, provision related to long-term sickness and streamlining of organisation
- Normalised EBITDA of € 11.8 million, with a margin of 9.3%. (2022: € 13.3 million with a margin of 11.3%). Including one-off charges, EBITDA comes in at € 10.2 million with a margin of 8.0%
- Operating cash flow rises to € 10.7 million and net cash position stands at € 7.0 million
- Dividend proposal of € 0.11 per share in cash (pay out: 37.1% based on normalised net profit)
Highlights fourth quarter 2023
- Revenue comes in at € 31.7 million, revenue growth Cloud services continues
- EBITDA comes in at € 2.6 million with a margin of 8.2%. Normalised EBITDA is € 3.6 million with a margin of 11.4%
Outlook
- Organic revenue growth with the emphasis on improved profitability
- Continued roll-out of recalibrated strategy
