Ctac records more revenue and higher profit in third quarter

‘s-Hertogenbosch, 26 October 2023 – Business & Cloud Integrator Ctac N.V. (Ctac) (Euronext Amsterdam: CTAC) today presents a trading update for the first nine months and third quarter (Q3) of 2023.

Highlights first nine months of 2023

Revenue up 11.2% (+9.5% organically) at € 95.5 million
Normalised EBITDA comes in at € 8.2 million, the same as in the first three quarters of 2022. Including one-time effects, EBITDA comes in at € 7.6 million (-7.3%) with a margin of 8.0%
Normalised net result comes in at € 2.9 million, the same as in the first three quarters of 2022. Including one-time effects, net profit comes in at € 2.4 million (-17.2%)

Highlights third quarter of 2023

Revenue rises 4.5% organically to € 30.5 million with strong contribution from Cloud services
EBITDA up by 8.0% at € 2.7 million with a margin of 8.9%; EBIT up 16.7%
Net result comes in 25.0% higher at € 1.0 million

Key figures € mln (unless stated otherwise)	YTD 2023	YTD 2022	Delta	Q3 2023	Q3 2022	Delta
Revenue (incl. other income)	95.5	85.9	+11.2%	30.5	29.2	+4.5%
EBITDA*	7.6	8.2	-7.3%	2.7	2.5	+8.0%
EBIT*	3.7	4.2	-11.9%	1.4	1.2	+16.7%
Net result**	2.4	2.9	-17.2%	1.0	0.8	+25.0%

*) Including one-off expenses of € 0.6 million over the first nine months of 2023 and € 0 over the first nine months of 2022.
**) Including one-off expenses of € 0.5 million over the first nine months of 2023 and € 0 over the first nine months of 2022.