Ctac (CTAC) Q4 2024 earnings summary

Executive summary

• Revenue declined by 2.3% to €124.3 million in 2024, but EBITDA rose 4.9% to €10.7 million, and net profit surged to €3.9 million from €1.0 million year-over-year.

• Organisational transition and investments in marketing and sales increased indirect costs but improved the order pipeline and cross-selling.

• Cloud services revenue declined due to hosting migration, but growth in cloud-based licences offset most of the loss.

• Dividend of €0.11 per share proposed, maintaining a 39.8% payout ratio.

Financial highlights

• EBITDA margin improved to 8.6% from 8.0% year-over-year; EBIT margin rose to 4.5% from 3.2%.

• Net cash position at year-end was €9.6 million, up 37.1% from €7.0 million.

• Operating cash flow slightly decreased to €10.3 million from €10.7 million.

• Earnings per share increased to €0.28 from €0.07 year-over-year.

• Equity rose to €30.9 million at year-end 2024 from €28.5 million.

Outlook and guidance

• Profitability expected to remain stable or improve slightly in 2025, with revenue stable to slightly higher despite market changes.

• Focus remains on strengthening the foundation, operational efficiency, and accelerating growth, supported by a strong order book and increased ERP cloud migrations.