Ctac (CTAC) Q3 2024 TU earnings summary

Executive summary

• Q3 2024 revenue was €30.2 million, stable compared to Q3 2023, with profit also unchanged at €1.0 million.

• EBITDA for Q3 2024 remained at €2.7 million, with an 8.9% margin.

• Nine-month revenue declined 3.6% year-over-year to €92.1 million, mainly due to lower hosting revenue and market challenges.

• Operational cash flow was negative at €0.2 million for the first nine months, with net cash at €0.9 million.

• Focus on cost control and flexible workforce deployment supported stable profitability.

Financial highlights

• Q3 2024 revenue: €30.2 million (down 1.0% year-over-year); nine-month revenue: €92.1 million (down 3.6%).

• Q3 2024 EBITDA: €2.7 million (flat year-over-year); nine-month EBITDA: €7.1 million (down 6.6%).

• Q3 2024 EBIT: €1.4 million (flat year-over-year); nine-month EBIT: €3.3 million (down 10.8%).

• Q3 2024 net profit: €1.0 million (flat year-over-year); nine-month net profit: €2.2 million (down 8.3%).

• Operational cash flow for nine months: negative €0.2 million; net cash at end-Q3: €0.9 million.

Outlook and guidance

• Order pipeline quality has improved due to investments in sales capabilities.

• Anticipates increased demand for cloud solutions as more organizations transition to the cloud.

• Plans to increase hiring, especially young talent, to meet expected market needs.

• Focus remains on improving conversion rates and utilization on shorter projects.