audius publishes figures for the first quarter of 2024 and confirms forecast
audius publishes figures for the first quarter of 2024 and confirms forecast. Total operating performance for the first quarter down slightly at EUR 18.8 million.
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Since 2020, Melanie Ilg is supporting audius in the area of investor relations and corporate development.
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- Total operating performance for the first quarter down slightly at EUR 18.8 million (previous year: EUR 19.5 million)
- EBITDA and EBIT below previous year's level: EBITDA EUR 1.1 million (previous year: EUR 2.3 million), EBIT EUR 0.6 million (previous year: EUR 1.9 million)
- 2024 starts with high order intake and record order backlog
- Forecasts confirmed
Weinstadt, May 31, 2024. audius SE publishes figures for the first quarter of 2024.
Accordingly, the audius Group achieved a total operating performance of EUR 18.8 million (previous year: EUR 19.5 million). The operating result (EBITDA) amounted to EUR 1.1 million, falling short of the very strong figure for the same quarter of the previous year. Group EBIT amounted to EUR 0.6 million.
The reasons for the slow start to the year were the ongoing delays in the awarding of contracts in 2023 and early 2024 and the restrained momentum in projects, particularly in the first few weeks of the year. The operating result and thus the profit margin continued to be depressed by investments in the new business fields and new services.
The order backlog as at March 31, 2024 reached a new high of EUR 61.8 million, an increase of EUR 11.8 million (previous year: EUR 50.0 million). This includes major long-term new orders and extensions. In addition, international business is beginning to pick up speed and is growing more strongly than expected. audius received further significant orders at the start of the second quarter, meaning that the order backlog will increase significantly again by the end of the second quarter.
As already announced when the annual figures for 2023 were published, the figures for the first quarter were still subdued. A look at the current second quarter already shows improvements here. audius therefore remains very optimistic that it will achieve its forecasts for the year as a whole. At the same time, the incoming orders in recent months underpin the expected growth for the coming years.