Press release from the issuing company
Cambridge (UK): Hybrid Software Group PLC announces it has published its half-year report and unaudited condensed consolidated interim financial statements for the six months ended 30 June 2024.
The full document is available to download from the financial reports section of the Company’s web site at https://www.hybridsoftware.group/investors/financial-reports.
Mike Rottenborn, Hybrid Software Group CEO comments, “Hybrid Software Group performed well in the first half of 2024, with rising revenues in all business segments. Overall, our revenues grew 8.1% over the first half of 2024, with all three reporting segments seeing growth in the range of 7% - 10%. The first semester also brought a significant boost in profitability, with our EBITDA up 75% and adjusted operating profit up 188% from last year’s figures to €6.48 million and €4.38 million, respectively.”
Financial highlights (unaudited)
For the six months ended 30 June |
||
In thousands of euros |
2024 (unaudited) |
2023 (unaudited) |
Revenue |
26,922 |
24,906 |
Operating profit/(loss) |
2,344 |
(521) |
Profit/(Loss) before tax |
1,870 |
(922) |
Tax credit |
281 |
588 |
Profit/(Loss) for the period |
2,151 |
(334) |
EBITDA from continuing operations |
6,483 |
3,707 |
Adjusted operating profit |
4,383 |
1,518 |
Adjusted net profit |
3,998 |
1,359 |
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