We have set clear subscription revenue targets for the next 12 months, and with continued discipline, collaboration, and focus, we are well-placed to make progress on our objectives.” Key financial figures – Continuing operations1 (unless otherwise stated) (EUR thousands)FY 2024FY 2023Change (%)Group revenue and income from client money84.27394.169-10,5%Digital service revenue47.13250.336-6,4% Subscription14.43513.343+8,2% Transaction20.19218.472+9,3% of which includes income from client money2 723-N/A Other12.50518.521-32,5%Traditional communication service revenue37.14143.833-15,3%Gross profit digital services (incl.net income from client money)28.11929.207-3,7%Gross margin digital services 59,7%58,0%+1,7%ptsEBITDA (incl.net income from client money)(9.204)(11.032)16,6%Profit/(loss) for the period (continuing and discontinuing operations)571.195(83.146)N/ACash and cash equivalents at the end of the period614.52522.534 -35,5% Portfolio rationalisation and value crystallisation Throughout 2024, Unifiedpost executed several strategic divestments of non-core assets that substantially strengthened its financial position while maintaining valuable commercial partnerships.
Strategic & Operational Highlights Completed divestments of FitekIN/ONEA and Wholesale Identity Access BusinessDe-risked balance sheet through partial repayment of Francisco Partners’ senior facility loan by €95mSignificantly reduced net debt position by ~€ 73m at year-endEnhanced governance structure with a strengthened Board and new CEOStrategic partnerships delivering value creation across key markets FY 2024 Financial Highlights – Continuing operations1 Reported first contributions from income from client money2 amounting to €0,7mSteady growth in Subscription and Transaction3 revenue of 8,2% y/y and 9,3% y/y, respectivelyDigital service gross margin (incl.net income from client money) increased by 1,7%pts y/y to 59,7%EBITDA (incl.net income from client money) improved to € -9,2m from € -11,0m in FY 2024 FY 2025 Guidance (based on current reporting structure) ~25% increase in Subscription revenue, with a gradual improvement expected throughout the yearFCF4 positive by year-end Commenting on the FY 2024 results, Nicolas de Beco, CEO, remarked: "2024 was marked by strategic refocusing and important structural changes.
Management remains committed to achieving a positive free cash flow7 position by the end of 2025. Statement from the external auditor We are currently finalising the financial statements for the year ended 31 December 2024.
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