on Cliq Digital AG (isin : DE000A0HHJR3)
CLIQ Digital Releases Third Quarter 2024 Financial Results
CLIQ Digital AG announced its third-quarter 2024 financial results, emphasizing a focus on enhancing profitability. Despite a 21% decrease in group sales to €54 million, the EBITDA remained steady at €6 million quarterly. This outcome resulted from strategic cost-cutting measures and a decisive reduction in customer acquisition costs, which dropped by 26% to €21 million. The EBITDA margin improved to 11% due to these efficiency efforts.
The company advanced its "Fit For Future" transformation program, targeting operational efficiency and sales channel diversification. A share buyback initiative saw 84% of shares repurchased for €5 million, reflecting confidence in the company's growth strategy. CLIQ's focus remains on profitability and enhancing product offerings in varied regions.
R. E.
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