Figures in parentheses refer to the equivalent period in the previous year unless otherwise stated. Figures presented in this business review are unaudited.
January-
- Revenue
EUR 7,259 (6,850) thousand, growth 6.0% -
Annual recurring revenue contract base
EUR 24,711 (23,036) thousand, growth 7.3% -
EBITDA
EUR 916 (685) thousand, 12.6% (10.0) of revenue
CEO
"
Profitability secures growth despite market swings
Last year, we focused more and more on profitability. That work continued and bore fruit during the first quarter of 2023, as our EBITDA was
Our revenue grew by 6.0%, and our annual recurring revenue contract base grew by 7.3% compared to the equivalent period last year. I'm super happy that the start of our new VP of Sales has boosted our sales in the small and medium-sized enterprises (SME) segment. In the Enterprise segment, i.e., our large customer segment, our growth was slowed down as the general economic uncertainties made customers more cautious about their decision-making.
As the growth of the annual recurring revenue contract base was slower than revenue growth last year, we set a moderate revenue target for the first quarter of 2023. Typically, annual recurring revenue contract base growth is visible in revenue in the next quarter. Overall, revenue growth in the first quarter is within our targets.
Our contracts allow regular price increases. A large share of the price increases will occur in the second quarter of this year. Increased prices will support the growth of the annual recurring revenue contract base during the next quarter and revenue growth during the rest of the year.
The rapid development of AI solutions continues
At the moment, Artificial Intelligence solutions are developing rapidly. We are doing our part to speed up the development by investing heavily in the development of new AI solutions. AI is already an essential part of our product. Its significance will only strengthen in the future. New AI solutions help us further enhance the competitiveness of our products. Our goal is that all
AI solutions will make customer service more efficient. Customers will receive faster and better service as artificial intelligence helps agents work more efficiently. For example, shorter waiting times can significantly improve operations in many overburdened industries, such as health care. High-quality customer service and high-performing sales will continue to rely on the collaboration between humans and technology.
Towards a successful year
During the first quarter of 2023, we progressed according to our plans in recruiting and have again succeeded in recruiting awesome talent. We will continue to recruit sensibly and in line with our profitability goals.
I'm super proud of our
Future outlook
Guidande for 2023 remains unchanged
The company expects 6-14% annual revenue growth for 2023 and 11-16% profitability as measured by EBITDA. The outlook does not consider the impact of significant acquisitions on revenue or profitability.
Financial publications
The company will publish the H1 report on
Board of Directors
More information
Olli Nokso-Koivisto, CEO,
+358 44 066 5765
olli.nokso-koivisto@leaddesk.com
Approved advisor:
Distribution:
Nasdaq
Relevant media
http://www.leaddesk.com
www.leaddesk.com
https://news.cision.com/leaddesk-oyj/r/q1-2023--profitable-growth---13--ebitda-margin,c3756375
(c) 2023 Cision. All rights reserved., source