Rubean AG Posts Strong Q4 Growth Despite FY24 Shortfall

Rubean AG reported its preliminary FY24 figures, revealing sales growth of 91% year-over-year to €1.9 million. This, however, fell short of the forecasted €2.5 million, due to slower-than-expected SoftPOS roll-out. The company's Q4 growth, at 44% quarter-on-quarter, signals sustained momentum.

EBITDA improved to €-2.9 million, bolstered by increased sales and strict cost management, with stable operating expenses. Rubean successfully launched over 50,000 terminals across Germany and Spain, maintaining its lead in the SoftPOS market. Key sectors served include logistics, retail, hospitality, and banking.

Looking ahead, Rubean anticipates stronger sales, driven by market expansion in LATAM and the US, alongside potential major customer wins. A capital raise of €146,000 was completed at €6.00 per share, supporting liquidity and growth into FY25. The strategic dialogue with potential partners initiated in FY24 remains promising.