As a result, the Group’s net cash position* as of December 31, 2024 amounted to € 176.1 million, compared to € 142.6 million as of December 31, 2023.2025 objectives Taking into account its strong commercial pipeline on one hand and uncertainties in the timing of contract starts and the evolution of sales cycle length on the other hand, Planisware’s 2025 objectives are: Mid-to-high teens revenue growth in constant currenciesc.35% adjusted EBITDA margin*Cash Conversion Rate* of c.80% Appendices Q4 2024 revenue by revenue stream In € millionQ4 2024Q4 2023VariationYoYVariationin cc*Recurring revenue44.738.3+16.7%+16.2%SaaS & Hosting22.417.9+25.3%+24.8%Annual licences1.1-N/AN/AEvolutive support12.812.2+5.0%+4.6%Subscription support3.43.1+9.8%+9.0%Maintenance5.05.1-2.5%-2.8%Non-recurring revenue5.25.8-11.2%-11.5%Perpetual licenses1.32.1-36.4%-36.7%Implementation & others non-recurring3.83.7+3.1%+2.8%Total revenue49.944.1+13.0%+12.5% * Revenue evolution in constant currencies, i.e.at Q4 2023 average exchange rates Non-IFRS measures reconciliations In € millionFY 2024FY 2023Current operating profit after share of profit of equity-accounted investee51.843.2Depreciation and amortization of intangible, tangible and right-of-use assets7.77.2Share-based payments5.11.9Adjusted EBITDA**64.652.2 In € millionFY 2024FY 2023Net cash from operating activities59.047.3Capital expenditures-5.5-4.9Other finance income/costs-4.7-2.8IPO costs paid5.74.2Adjusted Free Cash Flow**54.643.8 ** Non-IFRS measure.
Planisware delivered strong revenue growth, profitability and cash generation in 2024 Revenue up +17.4% in constant currencies to € 183.4 millionAdjusted EBITDA* up +23.7% to € 64.6 million, representing 35.2% of revenue (+180bps year-on-year)Adjusted FCF* up +24.5% to € 54.6 million, representing a 84.5% cash conversion rate*Proposed dividend representing 50% of profit for the period, above Group policy2025 objectives: Mid-to-high teens revenue growth in constant currenciesc.35% adjusted EBITDA margin*Cash Conversion Rate* of c.80% Paris, France, February 27, 2025 – Planisware, a leading B2B provider of SaaS in the rapidly growing Project Economy market, announces today its FY 2024 results.
FY 2024 revenue by region In € millionFY 2024FY 2023VariationYoYVariationin cc*Europe87.276.1+14.7%+14.5%North America80.368.5+17.3%+17.3%APAC & ROW15.911.2+41.8%+44.0%Revenue with customers183.4155.7+17.8%+17.9%Other revenue-0.7 Total revenue183.4156.4+17.3%+17.4% * Revenue evolution in constant currencies, i.e.at FY 2023 average exchange rates In 2024, all key geographies contributed to Planisware revenue growth, although with contrasted contributions for each semester of the year: Representing 44% of total revenue in 2024, North America strongly contributed to year-end growth (+19.0% in H2 2024) after having faced elongated customer' decision-making processes translating into slower growth in non-recurring activities and Implementation services in particular over the first periods of the year (+15.6% in H1 2024).
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