Beaconsmind AG: Strategic Acquisitions Fuel Growth

beaconsmind AG's latest H1 '24 management report reveals a robust 122% increase in sales year-on-year, totaling CHF 5.9 million. The growth is primarily attributed to strategic acquisitions, including FREDERIX, Socialwave, Netopsie, T2, and Kadsoft, which had a significant impact on revenues.

The adjusted EBITDA reached CHF 1.1 million, reflecting the successful integration of these acquisitions despite CHF 0.6 million in related expenses. The company aims to achieve sales of CHF 12.9 million and an adjusted EBITDA of CHF 2.5 million by year-end based on strong first-half performance and secured contracts.

beaconsmind continues to expand its customer base, securing contracts with entities like the Semperoper in Dresden and retailer Müller. Additionally, it has strengthened its presence in the Spanish market and formed a new technology partnership targeting the MENA region.