Fabasoft AG Achieves Revenue Growth in First Quarter of 2024/2025

Fabasoft AG reported its financial results for the first quarter of the fiscal year 2024/2025. The company generated revenues of EUR 20.4 million, a 3.8% increase from the same period last year. This growth is mainly driven by a rise in recurring revenues, which improved by 11.1% to EUR 11.7 million.

The company continues to invest in product innovation and artificial intelligence to support automation and address the skilled labor shortage. Despite these significant investments, EBITDA for the quarter was EUR 3.7 million, down from EUR 4.5 million the previous year, and EBIT was EUR 1.7 million, compared to EUR 2.6 million last year.

As of 30 June 2024, Fabasoft's cash and cash equivalents stood at EUR 23.3 million, and the company employed 495 people, up from 466 a year ago.