’s-Hertogenbosch, 29 April 2022 – Business & Cloud Integrator Ctac N.V. (Ctac) (Euronext Amsterdam: CTAC) today provides a trading update on the first quarter (Q1) of 2022.
Highlights Q1 2022
- Revenue rises by 8.0% to € 28.5 million through organic growth (+6.1%) and acquisition of Digimij (+1.9%)
- EBITDA falls by 12.5% to € 2.8 million, largely due to investments in Ctac Security and Ignite change programme, as well as inflation-driven higher costs and lower XV licence sales
- Net result comes in at € 1.0 million, the same as in Q1 2021
- Net cash position improves by 80% to € 5.4 million (end-Q1 2022) from € 3.0 million (end-Q1 2021),
driven by higher revenue and the reduction of our long-term bank borrowings
