Audius SE Announces 2023 Financial Results and Proposes Dividend

Audius SE, the publicly listed IT service provider, released its annual financial report for 2023, disclosing a total operating performance of EUR 78.4 million, a 6% increase from the previous year. Despite the revenue growth, the profit levels slightly dipped with EBITDA at EUR 7.6 million and EBIT at EUR 5.7 million, attributing the decline mainly to rising personnel and operating costs amidst investments in new technologies such as Mobile Device Management and AI-based products.

The company also reported a strong balance sheet with an equity ratio of 63.3% and cash reserves of EUR 10.0 million. The order backlog by the end of 2023 grew significantly to EUR 56.8 million, setting a robust foundation for future growth. Furthermore, the company’s management proposes to maintain a dividend payment of 35 cents per share, reflecting ongoing shareholder value creation.

With positive developments in the first quarter of 2024 and a strategic focus on expanding both existing and new business streams, Audius SE is optimistic about meeting its medium-term revenue target of more than EUR 115 million by 2026.