Believe: reduced net loss for 2023
At €880.3 million, annual sales were up 15.7% at current exchange rates, including organic growth of 14.4%, reflecting a return to growth in line with expectations in the fourth quarter of 2023.
Believe expects organic growth of around 18% and an adjusted EBITDA margin of around 6.5% for 2024. It thus intends to pursue its profitable growth trajectory towards its long-term objective of a 15% adjusted EBITDA margin.
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