Brief: Orderyoyo Acquires German Online Ordering Company Gustoco

Orderyoyo A/S

24/11/2023 14:01

Nov 24 (Reuters) - OrderYOYO A/S  YOYO.CO :
    * ORDERYOYO A/S ACQUIRES GERMAN ONLINE ORDERING COMPANY
GUSTOCO.
2023 GUIDANCE RAISED FOR THE FIFTH TIME DUE TO STRONG OCTOBER
AND THE ACQUISITION OF GUSTOCO
    * ORDERYOYO A/S ACQUIRES GERMAN ONLINE ORDERING COMPANY
GUSTOCO.
2023 GUIDANCE RAISED FOR THE FIFTH TIME DUE TO STRONG OCTOBER
AND THE ACQUISITION OF GUSTOCO
    * DECEMBER ARR GUIDANCE RAISED TO DKK 270-275M
    * DECEMBER ARR GUIDANCE RAISED TO DKK 270-275M
    * FULL YEAR NET REVENUE 2023 GUIDANCE RAISED TO DKK 240-245M
    * FY EBITDA GUIDANCE RAISED TO DKK 22-24M, EBITDA MARGIN OF
9-10%
    * DECEMBER 2023 ANNUALIZED GMV GUIDANCE IS RAISED FROM DKK
2,500-2,700M TO DKK 2,600-2,800M
    * ACQUIRES GUSTOCO IN DEAL VALUING GUSTOCO AT DKK 8.8M
    * WILL PAY DKK 5.3M IN NEWLY ISSUED SHARES, DKK 3.5M IN CASH
    * CLOSING IS EXPECTED TO OCCUR ON NOVEMBER 30, 2023

Source text for Eikon:  ID:nWkr4tzKXj 
Further company coverage:  YOYO.CO 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))