OTRS AG

TR9

Equity

ISIN DE000A0S9R37 / Valor 10851989

Xetra (2024-09-17)

EUR 4.66%

OTRS AG
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About company

OTRS AG is a global company known for its OTRS software, which is widely recognized for its effectiveness in process and communication management. The company has experienced significant growth since its establishment in 2000, becoming a leading service provider in the industry. With over 100 employees spread across six international branches, OTRS AG has solidified its position as a key player in the market. Since 2009, the company has been listed on the stock exchange, further showcasing its success and stability in the business world.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

In the 2023 financial year, OTRS AG reported a revenue increase of 4.0%, reaching EUR12,312 thousand compared to EUR11,839 thousand in 2022. This growth aligns with the company's forecasted revenue range of EUR12.3 million to EUR12.7 million.

Recurring Revenues

OTRS AG's strategic focus on recurring revenues paid off, with a 3.9% increase to EUR11,158 thousand in 2023, up from EUR10,743 thousand in 2022. Recurring revenues now account for 90.6% of the company's total revenue.

EBITDA Decline

Despite the revenue growth, OTRS AG's EBITDA fell to minus EUR340 thousand in 2023, a significant drop from EUR1,270 thousand in the previous year. This decline is attributed to substantial investments made during the year.

Net Profit

OTRS AG reported a net loss of EUR1,079 thousand for the 2023 financial year, compared to a net profit of EUR335 thousand in 2022. This resulted in earnings per share of minus EUR0.56, down from EUR0.17 the previous year.

2024 Outlook

Looking ahead, OTRS AG's Management Board anticipates a revenue growth of around 2% for the 2024 financial year, targeting approximately EUR12.6 million. Earnings are expected to remain at the same level as the previous year.

Summarized from source with an LLMView Source

Key figures

-32.9%1Y

-70.3%3Y

-45.2%5Y

Performance

26.6%1Y

30.4%3Y

41.3%5Y

Volatility