EXASOL AG
ISIN: DE000A0LR9G9
WKN: A0LR9G
14 August 2024 08:36AM

EQS-News: Exasol publishes half-year report and confirms preliminary figures

EXASOL AG · ISIN: DE000A0LR9G9 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 1967509

EQS-News: EXASOL AG / Key word(s): Half Year Report/Half Year Results
Exasol publishes half-year report and confirms preliminary figures

14.08.2024 / 08:36 CET/CEST
The issuer is solely responsible for the content of this announcement.


Exasol publishes half-year report and confirms preliminary figures

- ARR increases by 11.8% to EUR 39.7 million year-over-year (June 30, 2023: EUR 35.5 million)
- Group revenue in the first half of 2024 up 9.3% year-on-year at EUR 19.4 million (H1 2023: EUR 17.8 million)
- Operating result (EBITDA) improves to EUR 0.7 million in H1 2024 (H1 2023: EUR -3.4 million*)
- Cash and cash equivalents of EUR 19.7 million as of June 30, 2024 (December 31, 2023: EUR 13.3 million)
- Outlook for 2024 confirmed

Nuremberg, August 14, 2024: Die Exasol AG, a global technology company and provider of a high-performance analytics database, has confirmed the preliminary figures from the beginning of August in the half-year report 2024 presented today. Annualized recurring revenue (ARR) increased by 11.8% to EUR 39.7 million (June 30, 2023: EUR 35.5 million). Gross new business with new and existing customers amounted to EUR 2.3 million in the first half of the year, which represents a slight increase compared to the same period of the previous year (H1 2023: EUR 2.2 million). The acquisition of new customers also developed positively, increasing to nine (H1 2023: six). Due to the expected increase in the churn rate, particularly as a result of the loss of a major customer in the EMEA region, the ARR temporarily decreased by EUR -1.1 million in the first half of the year compared to the figure as of December 31, 2023. ARR is expected to rise again in the second half of 2024 due to a seasonal increase in new business with existing customers as well as a higher level of new customer acquisition.

Revenue increased by 9.3% to EUR 19.4 million in the first half of 2024 (H1 2023: EUR 17.4 million). At the same time, the share of recurring revenue in total revenue increased to 99.8% (H1 2023: 95.5%). In addition, as previously reported, the company achieved significant earnings growth in the second quarter of 2024, confirming the trend from the first quarter of the year. The operating profit (EBITDA) thus amounted to EUR 0.7 million in the first half of 2024 (H1 2023: EUR -3.4 million*).

The increase in profitability visible in the operating result is also reflected in the development of operating cash flow, which rose significantly to EUR 6.3 million in the reporting period (H1 2023: EUR -1.0 million). Accordingly, cash and cash equivalents amounted to EUR 19.7 million as of June 30, 2024 (December 31, 2023: EUR 13.3 million).

Outlook 2024 unchanged

The outlook for the 2024 financial year remains unchanged: Exasol expects ARR to increase by up to 10% year-on-year in the 2024 financial year. In the second half of 2024, the growth initiatives launched at the end of 2023 are expected to take effect and lead to a return to positive ARR development.

Exasol continues to expect consolidated revenue to increase by 10-15% with a positive operating result (EBITDA) for the 2024 financial year.

Cash and cash equivalents are expected to remain stable at over EUR 10 million at the end of 2024 compared to the previous year.

The full report for the first half of 2024 is now available on the Exasol AG homepage in the Investor Relations section under "Publications".
 

Key figures:

(in m€) Q2 2024 Q2 2023 Change H1 2024 H1 2023 Change
ARR (as of 30.6.) 39.7 35.5 +12% 39.7 35.5 +12%
Revenue 9.6 9.0 +7% 19.4 17.8 +9%
EBITDA 0.4 -1.2* >100% 0.7 -3.4* >100%
             
  30.6.2024 31.12.2023 Change      
Liquid funds 19.7 13.3 +6.4      

* EBITDA is adjusted for costs related to the capital increase in June 2023 in the amount of EUR 0.3 million.

 

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

 

 

 



14.08.2024 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.
Archive at www.eqs-news.com


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: 1967509

 
End of News EQS News Service

1967509  14.08.2024 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
©boersengefluester.de
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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