OrderYOYO (YOYO) H2 2024 earnings summary

Executive summary

• Achieved 25% net revenue growth to DKK 316m in 2024, driven by acquisitions and new product offerings.

• Strengthened European market leadership with acquisitions in the UK and Germany, including App4 in 2024.

• Net loss narrowed to DKK (19.7)m in 2024 from DKK (31.2)m in 2023, reflecting improved operational efficiency.

• Entered agreement for acquisition by Pollen Street Capital, leading to delisting from Nasdaq First North in April 2025.

Financial highlights

• Net revenue rose to DKK 315.8m in 2024 from DKK 253.0m in 2023 (25% year-over-year growth).

• Gross profit increased 27% to DKK 262.5m, with gross margin improving to 83% from 82%.

• EBITDA before other external and staff costs was DKK 55.7m, up from DKK 25.6m in 2023.

• Depreciation and amortization rose to DKK 58m, mainly due to acquisitions and R&D capitalization.

• Cash at year-end was DKK 46.3m, down from DKK 55.3m, mainly due to M&A and financial expenses.

Outlook and guidance

• Focus remains on consolidating local market leadership and expanding through further acquisitions.

• Continued investment in software development and product innovation to drive future growth.