Brief: New Work Q1 Total Revenues 10% Down Y/Y At Eur 68.2 Mln

New Work SE

07/05/2024 06:41

May 7 (Reuters) - NEW WORK SE  NWOn.DE :
    * REAFFIRMS FORECAST AMID A CHALLENGING MARKET ENVIRONMENT
    * REVENUES IN THE HR SOLUTIONS & TALENT ACCESS SEGMENT FELL
BY 6
PER CENT TO EUR 50.4 MILLION (Q1 2023: €53.3 MILLION).
    * TOTAL REVENUES WERE TEN PER CENT LOWER THAN THOSE OF THE
PREVIOUS YEAR’S QUARTER (€68.2 MILLION IN Q1 2024 COMPARED TO
€75.9 MILLION IN Q1 2023)
    * B2C SEGMENT, AS EXPECTED, FELL BY 18 PER CENT TO €15.9
MILLION
(Q1 2023: €19.5 MILLION)
    * EBITDA DOWN 50 PER CENT AT €9 MILLION COMPARED TO THE
PREVIOUS
YEAR (Q1 2023: €17.9 MILLION).
    * OUTLOOK 2024: REAFFIRMS FORECAST, EXPECTS A PRO FORMA
EBITDA IN
THE RANGE OF €55-65 MILLION
    * Q1 ADJUSTED PRO FORMA CONSOLIDATED PROFIT FELL BY 87 PER
CENT TO
1.1 MILLION EUROS (Q1 2023: €8.4 MILLION)

Further company coverage:  NWOn.DE 

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