Third quarter 2023
- Net sales decreased by 10.4 percent to
EUR 66.6m (74.3). Growth on a constant currency basis was -4.9 percent. - Gross profit amounted to
EUR 41.4m (47.1) with a gross margin of 62.2 percent (63.4). - EBITDA amounted to
EUR 8.6m (8.2) with an EBITDA margin of 12.9 percent (11.1). - Adjusted EBITDA amounted to
EUR 12.0m (14.1) with an adjusted EBITDA margin of 18.1 percent (19.0). - EPS, before dilution amounted to
EUR -0.09 (-0.01). - Adjusted EPS, before dilution amounted to
EUR 0.02 (0.04).
January -
- Net sales decreased by 9.6 percent to
EUR 194.2m (214.8). Growth on a constant currency basis was -7.2 percent. - Gross profit amounted to
EUR 120.0m (134.6) with a gross margin of 61.8 percent (62.6). - EBITDA amounted to
EUR 14.5m (19.3) with an EBITDA margin of 7.4 percent (9.0). - Adjusted EBITDA amounted to
EUR 24.9m (35.2) with an adjusted EBITDA margin of 12.8 percent (16.4). - EPS, before dilution amounted to
EUR -0.15 (-0.06). - Adjusted EPS, before dilution amounted to
EUR 0.04 (0.09).
CEO
Net sales decreased by 10.4 percent in the third quarter to
Whilst we are experiencing a decline in certain parts of our core business, we are seeing strong growth in Media Measurement. We are increasing investment into this area to help our customers.
The gross margin was 62.2 percent and the EBITDA margin adjusted for items affecting comparability was 18.1 percent (19.0) where we have held operational expenses, mainly personnel costs and other external expenses, steady during the year.
Q3 presentation today at
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