Q.beyond Increases EBITDA by €1.2 Million to €2.2 Million and Affirms Forecast

Cologne, 12 August 2024 – q.beyond has seen a growth in its earnings and financial strength, largely thanks to the “2025 Strategy”. For Q2 2024, EBITDA rose by €1.2 million to €2.2 million. Additionally, the company’s quarterly revenues increased by €0.9 million to €47.3 million, and free cash flow improved by €1.9 million to €0.8 million. These improvements have increased net liquidity to €39.0 million, up from €37.6 million at the end of 2023.

The first half of 2024 highlights positive development, with EBITDA reaching €4.2 million compared to €-0.2 million in the same period last year. First-half revenues rose to €94.4 million from €93.0 million, and free cash flow improved to €1.4 million from €0.0 million in 2023. The company reaffirms its full-year forecast for 2024, projecting an EBITDA increase of at least 40% to a range between €8 million and €10 million, alongside revenues of €192 million to €198 million and a sustained positive free cash flow.

The “Managed Services” segment showed robust growth, with revenues rising to €33.7 million, while the “Consulting” segment saw a reduction due to macroeconomic conditions, bringing in €13.5 million. EBIT for the quarter improved by €1.3 million to €-1.0 million, and consolidated net income rose by €1.9 million to €-0.8 million.