New Work SE
NWO
ISIN DE000NWRK013 / Valor 49073138
New Work SE
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About company
New Work SE's business focuses on providing smart digital solutions for talent acquisition through their Talent Acquisition Platform onlyfy. This platform combines active and passive sourcing with efficient applicant management to create a unique candidate experience. As part of New Work SE, onlyfy collaborates with sister brands XING and kununu to offer customers access to a large pool of talents in German-speaking countries and other modern hiring solutions. Additionally, New Work SE's global community platform, InterNations, serves as a networking and socializing hub for expatriates around the world, both online and through local events.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (20.08.2024):
Revenue Performance
New Work SE reported pro forma revenues of €305.6 million for the fiscal year 2023, slightly down from €313.4 million in 2022. This minor decline reflects the challenging economic environment and strategic repositioning efforts undertaken by the company.
EBITDA Results
For Q4 2023, New Work SE achieved a pro forma EBITDA of €97.1 million, compared to €104.1 million in the previous year. Despite the decrease, the company comfortably met its updated guidance range of €92 – 100 million.
Net Profit
New Work SE's pro forma consolidated net profit for 2023 was just under €39 million, a decrease from around €47 million in 2022. This reduction is attributed to the economic downturn and strategic investments in repositioning the XING platform.
Dividend Proposal
Despite the financial challenges, New Work SE plans to distribute a dividend of €1.00 per share at the Annual General Meeting on June 4, 2024. This decision underscores the company's commitment to shareholder value even during a transformative phase.
Future Outlook
Looking ahead, New Work SE has set a pro forma EBITDA guidance of €55 – 65 million for 2024, reflecting the anticipated impact of ongoing transformation and increased investments. The company expects to return to historic profitability levels by 2026.
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