2022/23 half-year results: strong growth in business activity and continued improvement in profitability; increase in net debt

Highlights:

• Half-year revenue growth of +59%, (organic growth of 50%)
• EBITDA up +68% for the 1st half of the financial year and EBITDA margin reaching 7.3%
• Positive current operating income (+€1,8 M) and net profit breakeven for the half-year
• Confirmation of 2022/23 revenue target: more than €170m, representing 30% annual growth
• Net debt (excluding non-recourse factoring) standing at €71.5m, of which €32.2m owed to Paragon Group
• Increasingly complex business environment slowing growth in some Strategic Initiatives