Efecte Plc provides preliminary financial information for 10–12/2023 and guidance for 2024
Efecte Plc provides preliminary financial information for 10–12/2023 and guidance for 2024
Efecte Plc – Company Announcement – 18 January 2024 at 8.40 am
Efecte Plc (“Efecte”) provides preliminary information on its key figures for 10-12/2023 and financial guidance for full year 2024 in order to ensure equal access to information for all shareholders in connection with the public tender offer for all its outstanding shares and option rights by European 24 BidCo Oy announced today on 18 January 2024.
Group key figures
Efecte’s preliminary key figures are presented below (all figures are unaudited).
1000 EUR | 10-12/2023 | 10-12/2022 | 2023 | 2022 |
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Net sales | 6 536 | 5 910 | 24 688 | 21 607 |
EBITDA | 97 | -184 | 168 | -13 |
Adjusted EBITDA1 | 532 | -42 | 802 | 519 |
EBIT | -271 | -488 | -1 211 | -864 |
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SaaS MRR | 1 490 | 1 270 | 1 490 | 1 270 |
1 Excludes following costs related to inorganic activities and other non-recurring costs: 0.4 million in 10-12/2023, 0.1 million euro in 10-12/2022, 0.6 million euro in 2023, and 0.5 million euro in 2022.
1000 EUR | 31.12.2023 | 31.12.2022 |
Non-current assets | 8 020 | 7 695 |
Current assets | 7 544 | 7 686 |
Total assets | 15 564 | 15 380 |
Total equity | 3 415 | 4 397 |
Total liabilities | 12 149 | 10 983 |
Non-current liabilities | 1 287 | 1 572 |
Current liabilities | 10 862 | 9 411 |
Equity and liabilities | 15 564 | 15 380 |
Guidance for the year 2024
In 2024, Efecte’s net sales are expected to be approximately EUR 25 – 30 MEUR, SaaS net sales is expected to grow over 15% and adjusted EBITDA margin is expected to be 3 – 9 %.
Guidance for 2023 and long-term financial targets
Efecte’s previously issued guidance for 2023 and long-term financial targets remain unchanged.
Additional information:
Interim CFO Tommi Mäkinen, +358 40 042 1659
CEO Niilo Fredrikson, +358 50 356 7177
Certified adviser:
Evli Oyj, +358 40 579 6210
Efecte Plc
Efecte helps people to digitalize and automate their work. Customers across Europe leverage our cloud service to operate with greater agility, to improve the experience of end-users, and to save costs. The use cases for our solutions range from IT service management and ticketing to improving employee experiences, business workflows, and customer service. We are the European Alternative to the global goliaths in our space. Our headquarters is located in Finland and we have regional hubs in Germany, Poland, Spain and Sweden. Efecte is listed on the Nasdaq First North Growth Market Finland marketplace.
www.efecte.com