Profitable Growth mid-term outlook Q3 2023
September 2023 YTD | Ebitda Adjusted + 16% vs 2022
YTD 2023
YTD 2022
% 23 vs. 22
GTV (€m)
2,841
2,506
+13%
•
Revenues (€m)
261.5
239.7
+9%
•
Thereof: B2B
106.2
86.8
+18%
Thereof: B2C
155.4
153.0
+2%
Gross Profit (Em)*
101.6
87.1
+17%
in % of Revenues
39%
36%
•
Thereof: B2B
41.5
36.6
+12%
Thereof: B2C
60.1
50.5
+19%
Adjusted EBITDA (€m)
37.4
32.4
+16%
in % of Revenues
14%
13%
Highlights YtD Sept 2023
Strong Revenue growth driven by DP higher
volumes
Gross Profit benefited from the increased
efficiency in performance marketing,
especially in B2C (DP and flights) and from
the growth of B2B affiliation and
comparketing business
Increase in Gross profit translated into
Adjusted EBITDA even if average
headcounts for the nine months are
substantially higher in 2023 vs 2022 (+96HC
compared previous years)
* Gross Profit includes Non-Performance Marketing cost as well as advertising revenues formerly reflected in the MEDIA segment
Note: The financials included in this presentation referring to Q3 2023 and 9M 2023 are unaudited figures.
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