Azerion Results Presentation Deck
Consolidation and integration update
Continued progress in cost management and efficiency programmes
Revenue per FTE development
€ FTE
105
100
95
90
85
80
75
70
65
60
73
Legal
Entities
76
-16
Revenue per FTE '000
azerion
78
96
Selected examples of consolidation execution
Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023
74
Hosting
Contracts
-8 LTM
FTES
1FTE count at the end of the quarter
93
100
Office
Leases
-22
# FTE¹
1,600
1,500
1,400
1,300
1,200
1,100
1,000
Continued progress in the integration and consolidation of previous
acquisitions, as well as ongoing cost optimisation
Continued significant improvement in productivity with ~28% increase
in Net revenue per FTE in Q3 2023 YOY
Continued focus on operational simplification and cost optimisation
leading to, for example:
Reduction of 16 legal entities across the Group since 1 Jan 2023
8 hosting contracts consolidated to AWS in last twelve months
Reduction of 22 office leases since 1 Jan 2023View entire presentation