Serviceware SE

Latest Results (14.08.2024):

Revenue Growth

Serviceware SE reported a significant increase in total sales revenues during the first half of the 2023/2024 fiscal year. Revenues rose by 10.2 percent, from EUR 45.7 million to EUR 50.3 million. Notably, the second quarter alone saw record sales revenues of EUR 25.4 million, compared to EUR 23.7 million in the same quarter of the previous year.

SaaS/Service Segment

The SaaS/Service segment of Serviceware SE experienced a disproportionately high increase in revenue. For the first half of the 2023/2024 fiscal year, revenue in this segment rose by 22.2 percent, from EUR 26.8 million to EUR 32.8 million. During the second quarter, SaaS/Service revenues climbed from EUR 13.6 million to a record EUR 16.8 million, accounting for 65.1 percent of total sales revenues.

Profitability Improvement

Serviceware SE significantly improved its profitability in the first half of the 2023/2024 fiscal year. The EBITDA turned around from a loss of EUR -1.2 million in the previous year to a positive EUR +1.6 million. This improvement highlights the company's successful efforts in enhancing its financial performance.

Cash and Cash Equivalents

Serviceware SE saw a substantial increase in its cash and cash equivalents during the first half of the 2023/2024 fiscal year. The company's cash reserves grew by 24.9 percent, reaching EUR 35.3 million. This increase provides a solid financial foundation for future investments and growth initiatives.

Future Outlook

For the full year 2024, Serviceware SE continues to forecast an increase in sales revenues of between 5 and 15 percent. Additionally, the company anticipates a significant improvement in both EBIT and EBITDA, reflecting its positive outlook and strategic growth plans for the remainder of the fiscal year.