EXASOL AG
ISIN: DE000A0LR9G9
WKN: A0LR9G
05 November 2024 08:02AM

EQS-News: Exasol achieves positive EBITDA for the third consecutive quarter, full-year outlook confirmed and substantiated

EXASOL AG · ISIN: DE000A0LR9G9 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 2022251

EQS-News: EXASOL AG / Key word(s): Preliminary Results/Quarter Results
Exasol achieves positive EBITDA for the third consecutive quarter, full-year outlook confirmed and substantiated

05.11.2024 / 08:02 CET/CEST
The issuer is solely responsible for the content of this announcement.


Exasol achieves positive EBITDA for the third consecutive quarter, full-year outlook confirmed and substantiated

- ARR increases by 11.6% to EUR 40.4 million (September 30, 2023: EUR 36.2 million)
- Revenue grows by 10.6% to EUR 29.1 million in the first nine months (9M 2023: EUR 26.3 million)
- EBITDA increases to EUR 1.0 million in the first nine months (9M 2023: EUR -4.1 million)
- Cash and cash equivalents of EUR 17.8 million as of September 30, 2024 (December 31, 2023: EUR 13.3 million)
- Growth Outlook 2024 confirmed, EBITDA outlook substantiated to EUR 1.5-2.0 million, Cash outlook substantiated to EUR 11-13 million

Nuremberg, November 5, 2024: Exasol AG, a global technology company and provider of a high-performance analytics database, has achieved a positive operating result (EBITDA) of EUR 1.0 million in the first three quarters of the current financial year according to preliminary figures, thus significantly improving its earnings power (9M 2023: EUR -4.1 million). This marks Exasol's third consecutive operationally positive quarter. Revenue also further increased by 10.6% to EUR 29.1 million (9M 2023: EUR 26.3 million).

At the same time, annualized recurring revenue (ARR) increased by 11.6% to EUR 40.4 million as of the quarterly reporting date (September 30, 2023: EUR 36.2 million). With net growth of EUR 0.8 million in the third quarter, the ARR trend picked up again after a net decline of EUR -1.1 million in the first half of 2024 compared to the end of 2023. A further increase in ARR is also expected for the fourth quarter due to seasonally higher new business.

“Our ARR development gained momentum in the third quarter. After seeing elevated absolute churn in the first six months of the year, we are now back on a growth path”, explains Joerg Tewes, CEO of Exasol. “We are also confident about the remaining fourth quarter and are well on track to achieve our outlook for the full year.”

The company's capital position also developed positively in the first three quarters. With a year-to-date net cash flow of EUR 4.5 million (9M 2023: EUR -4.8 million), liquidity remained at a good level. Cash and cash equivalents amounted to EUR 17.8 million at the end of the third quarter of 2024 (31.12.2023: EUR 13.3 million).

“With the third positive quarterly result in a row, we have sustainably reached the profit zone. We want to maintain this trend in the coming quarters and thus further strengthen our capital position,” adds CFO Jan-Dirk Henrich. “The increasing profitability also opens up additional room for further growth.”

Outlook 2024

The outlook for the fiscal year 2024 remains unchanged: Exasol expects an increase in ARR of up to 10% compared to the previous year, while Group revenue is expected to increase by 10-15%. The Executive Board substantiates its expectations for the operating result (EBITDA) to a range of EUR 1.5 and EUR 2.0 million (previously: positive). The expectations for cash and cash equivalents are also substantiated and are expected to be between EUR 11 million and EUR 13 million by the end of 2024 (previously: over EUR 10 million).

Final third quarter figures will be published on November 13, 2024.
 

IR Contakt
Christoph Marx
Head of Investor Relations
Tel: +49 911 2399 114
E-Mail: ir@exasol.com



05.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: EXASOL AG
Neumeyerstraße 22-26
90411 Nuremberg
Germany
Internet: www.exasol.com
ISIN: DE000A0LR9G9
WKN: A0LR9G
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 2022251

 
End of News EQS News Service

2022251  05.11.2024 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 17,72 21,61 23,60 27,46 33,19 35,14 40,00
EBITDA1,2 1,77 -10,96 -29,94 -25,67 -12,16 -5,68 1,85
EBITDA-Margin3 9,99 -50,72 -126,86 -93,48 -36,64 -16,16 4,63
EBIT1,4 -0,10 -13,16 -34,10 -28,50 -14,92 -8,32 0,00
EBIT-Margin5 -0,56 -60,90 -144,49 -103,79 -44,95 -23,68 0,00
Net Profit (Loss)1 -0,63 -13,98 -34,33 -29,30 -15,01 -8,22 0,00
Net-Margin6 -3,56 -64,69 -145,47 -106,70 -45,22 -23,39 0,00
Cashflow1,7 1,23 2,23 -11,21 -36,07 -14,28 -6,29 0,00
Earnings per share8 -0,03 -0,63 -1,40 -1,20 -0,61 -0,30 -0,18
Dividend per share8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: KPMG

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
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Exasol
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A0LR9G DE000A0LR9G9 AG 62,37 Mio € 25.05.2020 Kaufen 8FXHF4J9+8C
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
0,00 0,93 0,00 -4,33 14,17 -9,91 1,77
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,00 0,00 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
20.06.2024 07.05.2024 14.08.2024 13.11.2024 07.05.2024
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+5,45%
2,32 €
ATH 29,48 €
+11,97% +2,52% -26,23% -25,40% -75,58%

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