Non-IFRS measures reconciliations In € million 23'FY 22'FY Current operating profit after share of profit of equity-accounted investee 43.2 34.5 Depreciation and amortization of intangible, tangible and right-of-use assets 7.2 6.4 IPO costs included in current operating profit 0.0 0.4 Share-based payments 1.9 0.0 Adjusted EBITDA 52.2 41.4 In € million 23'FY 22'FY Net cash from operating activities 47.3 34.2 Capital expenditures -4.9 -4.8 Other finance income/costs -2.8 -3.0 IPO costs paid 4.2 0.2 Adjusted Free Cash Flow 43.8 26.7 Disclaimer It should be noted that: the consolidated statement of financial position, consolidated statement of profit or loss and consolidated statement of cash flow of Planisware as at December 31, 2023 have been prepared under the responsibility of the Board of Directors on March 10, 2024 for the purposes of this press release;the Group's consolidated financial statements of Planisware as at December 31, 2023 will be approved at a later date by the Board of Directors and the consolidated financial statements of Planisware as at December 31, 2023 are currently being audited,some information presented in this press release is not included in the consolidated financial statements and thus not audited by the statutory auditors, including in particular Net Retention Rate, churn rate, and the breakdown of total revenue by pillar.
Press Release Disclaimer : this press release must not be shared in the following countries : USA, Japan, Canada and Australia Strong FY 2023 results, Planisware consistently delivering sustainable profitable growth Planisware exceeds 2023 objectives for revenue growth and adjusted EBITDA marginSolid commercial dynamic with both existing clients and new logosSignificant progress on Corporate Social Responsibility roadmap2024 objectives confirmed and 2026 ambition reiterated Paris, France, March 11, 2024 – Planisware, a leading B2B provider of SaaS in the rapidly growing Project Economy market, announces today its financial results for FY 2023.
Adjusted EBITDA In 2023, Adjusted EBITDA, which Planisware considers to be a meaningful financial measure to assess and compare the Group’s profitability, reached € 52.2 million, a strong increase compared to 2022 (€+10.8 million, or +26.1%).It represented 33.4% of 2023 total revenue, c.+200 basis points compared to 31.3% in 2022.
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