- Total revenue increases by 9.2% to EUR 21.5 million in the third quarter (previous year: EUR 19.7 million)
- EBITDA increases by 14.6% to EUR 2.1 million (previous year EUR 1.8 million)
- Growth in total revenue after 9 months of 6.2% to EUR 61.9 million (previous year EUR 58.3 million)
Weinstadt, 21.11.2024
The audius Group can look back on a successful third quarter with strong organic growth of 9.2% compared to Q3 2023. The Group is also showing solid growth again for the year as a whole.
According to unaudited figures, total revenue increased by 6.2% to EUR 61.9 million in the first nine months (total revenue 9 months 2023: EUR 58.3 million). Total revenue in the third quarter amounted to EUR 21.5 million (total revenue Q3 2023: EUR 19.7 million). This means that the third quarter once again saw significant, purely organic growth of 9.2% thanks to good capacity utilization and higher license sales compared to the previous year.
At EUR 5.2 million, the operating result EBITDA after nine months was below the level of the same period of the previous year (EBITDA 9 months 2023: EUR 6.2 million). EBITDA for the third quarter amounted to EUR 2.1 million, which in turn represents an increase of 14.6% compared to Q3 of the previous year. The EBITDA margin in the reporting period was 9.6%. EBIT after nine months amounted to EUR 3.7 million (EBIT 9 months 2023: EUR 4.8 million).
The reason for the decline in earnings after nine months is the lack of revenue in the first quarter, a fundamental increase in personnel and material costs and third-party services as well as the ongoing investments in the new Mobile Device Management and AWS/Cloud business areas, which also had a negative impact on earnings in the third quarter.
At around EUR 76.3 million as at September 30, 2024 (as at September 30, 2023: EUR 55.7 million), orders on hand increased significantly compared to the previous year and therefore continue to form a very good basis for growth in the coming months and years.
In particular, audius will not be able to fully make up for the lower than planned total revenue of the first quarter in the remaining year and therefore expects total revenue of around EUR 83 million in 2024 as a whole. In the fourth quarter of 2024 license sales are not expected to be comparable to the two previous quarters, but from today's perspective, the Management Board continues to believe that the EBITDA forecast of EUR 7.0 - 7.5 million will be achieved.
In the current economic environment, it was not possible to establish the new business areas Mobile Device Management and AWS/Cloud on the market with the necessary speed. At the same time, these areas are already showing initial sustainable success and measures have been introduced to optimize the earnings situation. Adjusted for these investments with an impact on earnings, audius remains within its own planned target corridor and is aiming for a sustainable return to the desired margin level in the course of 2025.
About audius
The audius ICT group was founded in 1991 and operates with around 700 employees at over 20 locations worldwide with a focus on the DACH region.
The portfolio comprises 3 business units: IT Services and Software/Cloud with customized solutions for public clients, SMEs and international corporations, as well as Mobile Networks & Telecommunications with a focus on network infrastructures and the development and expansion of the 5G network.
audius' customers include global corporations and medium-sized companies, and the focus of its support is on the use of future-oriented technologies such as artificial intelligence and best practices. The strategic goal is to grow both organically and through acquisitions.
The shares of audius SE are listed on the Basic Board of the Frankfurt Stock Exchange and in the m:access SME segment of the Munich Stock Exchange.
For further information please contact:
audius SE
Investor Relations
t.: +49 7151 369 00 359
ir@audius.dehttps://www.audius.de/en
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