Original-Research: q.beyond AG - from NuWays AG 13.08.2024 / 09:01 CET/CEST Dissemination of a Research, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the
Dissemination of a Research, transmitted by EQS News - a service of EQS Group AG.
Q2 sales increased by 1.8% yoy to EUR 47.3m , which was again driven by the Managed Services segment, where revenues grew by 6.1% yoy to EUR 33.7m . On the other hand, the ongoing economic weakness continued to negatively impact on the Consulting segment, as the business is usually characterized by shorter-term contracts compared to the Managed Services segment. Segment revenues hence decreased by 7.6% yoy to EUR 13.
Despite the weaker gross margin, Q2 EBITDA strongly improved by 113% yoy to EUR 2.2m , implying a 4.7% margin. The drivers behind the improvement were significant reductions in sales & marketing as well as G&A expenses following the successful implementation of the One q.beyond strategy. You can download the research here: http://www.more-ir.de/d/30445.pdf For additional information visit our website: www.nuways-ag.com/researchEmail: [email protected]: Mittelweg 16-17, 20148 Hamburg, GermanyDiese Meldung ist keine Anlageberatung oder Aufforderung zum Abschluss bestimmter Börsengeschäfte.
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