Raketech Group Holding PLC (OSTO:RAKE)
kr 4.395 0.065 (1.5%) Market Cap: 198.76 Mil Enterprise Value: 169.45 Mil PE Ratio: 0 PB Ratio: 0.18 GF Score: 59/100

Q2 2023 Raketech Group Holding PLC Earnings Call Transcript

Aug 17, 2023 / 07:00AM GMT
Release Date Price: kr19.04 (-0.73%)
Oskar Mühlbach
Raketech Group Holding PLC - CEO

Good morning, and welcome to Raketech report presentation. MÃ¥ns and I are here to present our Q2 numbers for the year of 2023, followed by Q&A. Once again, welcome and let's start.

And as always, let's begin with the financial details and highlights. I mean, a high-level revenues and EBITDA came in line with our previously communicated trading updates. And with revenues totaling EUR17.6 million, this means Q2 marked yet another all-time high for the group, beating the previous record set in Q1.

Compared to last year, this corresponds to an organic growth of 56%. And just like in Q1, the higher-than-expected revenue levels can primarily be attributed to paid sub-affiliation, which we called network, but also, to continue solid performance from most other parts, with Casumba standing out positively once again.

Our margin came in at 31.1%, which is slightly lower than previous year, but a natural consequence of the sub-affiliation network, which in itself is lower in margin, making up a larger portion of total than before.

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