q.beyond AG (QSCGF.PK), a German IT enterprise, announced on Monday that its consolidated net loss for the second quarter was reduced to €0.8 million, compared to a loss of €2.7 million in the same period last year.
The company's quarterly EBIT saw an improvement, recording a negative €1.0 million, up from a negative €2.3 million the previous year. EBITDA surged to €2.2 million, significantly higher than the €1 million reported a year ago, attributable to the consistent execution of its "2025 Strategy" despite persistent economic challenges.
Revenue increased to €47.3 million, compared to €46.4 million in the same quarter last year.
For fiscal year 2024, q.beyond anticipates an EBITDA growth of at least 40%, expecting figures between €8 million and €10 million, and revenue projections ranging from €192 million to €198 million.
Looking ahead to fiscal 2025, the company aims to achieve a positive consolidated net income, targeting an EBITDA margin between 7% and 8%.
CEO Thies Rixen stated, "q.beyond is well on track to meet the ambitious goals set in the 2025 Strategy. As we enhance our earnings and financial robustness, we are also laying a solid foundation to sustainably increase the company's value."
