First quarter 2023
- Net sales decreased by 11.1 percent to
EUR 59.9m (67.3). Organic growth was -10.9 percent and on a constant currency basis -11.9 percent. -
Gross profit amounted to
EUR 35.9m (41.3) with a gross margin of 60.0 percent (61.3). -
Adjusted EBITDA amounted to
EUR 3.7m (8.1) with an adjusted EBITDA margin of 6.1 percent (12.1). -
EPS, before dilution amounted to
EUR -0.04 (-0.03). -
Adjusted EPS, before dilution amounted to
EUR 0.00 (0.02).
Significant events during and after quarter
- In January,
Giles Palmer was appointed new CEO as of1 April 2023 . - On 26 January, an EGM resolved on a new long-term incentive program.
-
In March, Bregje Meuwissen assumed the position as Human Resources Officer and in
April Alesia Braga assumed the position as Chief Technology Officer, both new additions to the global Group management team.
CEO
"The first quarter continued to be impacted by macro headwinds, integration work and reversals. A high growth streamlined organization powered by a unified global platform will only come to fruition when all the hard work of integration is complete.
Despite the current challenging conditions, the long-term fundamentals of
Q1 presentation today at
The report will be presented by
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The presentation material and a recorded version of the conference will be available at
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Tel: +33 615 01 00 55
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Carolina Strömlid
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E-mail: carolina.stromlid@cint.com
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