Quarterly results Q2 2023 | 14 August 2023 Thies Rixen, CEO | Nora Wolters, CFO
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This presentation contains forward-looking statements based on management estimates and reflects the current views of q.beyond AG's ("q.beyond's") management board with respect to future events. These forward-looking statements correspond to the situation at the time this presentation was prepared. Such statements are subject to risks and uncertainties, which q.beyond is mostly unable to influence. These risks and uncertainties are covered in detail within the risk report section in our financial reporting.
Although the forward-looking statements are made with great care, their correctness cannot be guaranteed. Actual results may therefore deviate from the expected results described here. q.beyond does not intend to adjust or update any forward-looking statements after publication of the presentation.
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Q2 2023: growth in Cloud and SAP businesses
Continued double-digit revenue growth
The continued high rate of growth is due to
organic rise in revenues in both segments
consolidation of productive-data
high share of recurring revenues (Q2 2023: 74%)
concentration on focus sectors - 58% of revenues generated in retail, logistics and manufacturing sectors
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Growth despite weak economic backdrop
Economy weakens further, defying expectations at beginning of year - ifo index falls
Economic researchers (IfW, RWI) now expect GDP to contract in 2023
Economic slowdown holds back IT sector - Bitkom halves IT revenue growth forecast (January 2023: +6.3%, July 2023: +3.0%)
q.beyond will grow faster than market once again in 2023
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q.beyond AG published this content on 14 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 August 2023 13:46:10 UTC.
q.beyond AG is a Germany-based company engaged in the providing digital solutions. The Company offers cloud management, Systems Applications and Products (SAP), Internet of things (IoT), and other information technology (IT) services. The Company operates in two segments: Cloud & IoT and SAP. The Cloud & IoT segment include IT outsourcing, private enterprise cloud, multi cloud, digital workplace and German data centers, as well as consulting, software development, hardware provision, customer-specific IoT platforms and security and connectivity. The SAP segment focuses on the operation and management of SAP application. Its customers include small- to mid-size enterprises (SME).
Q.BEYOND AG 
