Awardit AB (publ.) publishes pro forma results for 2022 including Connex
May 09, 2023 at 02:11 am
Share
On 1 February 2023 Awardit AB acquired 100 percent of the Austrian loyalty and giftcard company Connex Marketing GmbH ("Connex"). In the press release that went out in connection with the announcement of the acquisition, it was communicated that the estimated turnover and EBIT result for 2022 for Connex was approximately MEUR 15.6 and at least MEUR 1.4. Now the figures for 2022 have been revised and the turnover for 2022 amounted to MEUR 17.8 (MSEK 189.2) and the EBIT result amounted to MEUR 1.7 (MSEK 18.2), which is better than what was previously communicated. Awardit´s turnover and EBITA result, including Connex for 2022 will thus be MSEK 1,051.5 and MSEK 129.7.
FY 2022
FY 2022
FY 2022
Amounts, TSEK
Excl. Connex
Connex
Incl. Connex
Net revenue
862,297
189,192
1,051,489
Capitalised work for own account
2,387
-
2,387
Other operating revenue
21,870
2,821
24,691
Total operating income
886,554
192,013
1,078,567
Operating expense
Commodities
-607,197
-81,541
-688,739
Other external expenses*
-67,377
-24,444
-91,821
Personnel costs
-98,792
-65,615
-164,407
Depreciations and amortisation of tangible assets**
-293
-1,906
-2,199
Other operating expenses
-1,721
-12
-1,733
Total operating expenses
-775,381
-173,518
-948,899
EBITA
111,174
18,496
129,669
EBITA-margin
12.9%
9.8%
12.3%
Depreciations and amortisation of intangible assets***
-40,264
-311
-40,575
EBIT
70,910
18,185
89,095
EBIT-margin
8.2%
9.6%
8.5%
Gross profit
29.6%
56.9%
34.5%
*) Other external expenses do not include the reclassification of identified leasing contracts (approx. MSEK 4.8 for 2022 in reduced costs). **) Tangible assets do not include depreciation of identified lease contracts (approx. MSEK 4.6 for 2022 in increased depreciations). ***) Intangible assets do not include depreciation of identified overvalues (approx. MSEK 4.4 for 2022 in increased depreciations).
Connex also provides the Awardit Group cash and cash-like items of MSEK 107.8 and financial assets of MSEK 29.8 at the time of acquisition.
”We are very pleased with the acquisition of Connex, which complements our existing business perfectly. The fact that they also manage to exceed estimated turnover and EBIT result for 2022 shows that this is a successful acquisition and an important piece of the puzzle to be able to continue consolidating the DACH region going forward. With Connex as part of the Awardit family, we have now surpassed our short-term goal of becoming a billion-SEK company in terms of turnover.”, says Erik Grohman, CEO and President of Awardit AB.
Awardit AB (publ) is a Sweden-based provider of loyalty and sales motivation programs, digital scoring currencies and scorers. The Company offers a one-stop shop and assists with strategy for the initiative, set-up, technical and operational service. The core of the business consists of a platform, which enables the set-up and operation of loyalty programs as a cloud service. Also, the Company functions as bank for digital scoring currencies and provides everything from independent loyalty programs to complex alliance programs with hundreds of partners and clearing of transactions between them. The Company operates within such product segments as Loyalty program B2C, Loyalty program B2B, Motivation program and Rewardit.