DATAGROUP Publishes 2023/2024 Financial Results; Proposes Reduced Dividend

DATAGROUP SE has released its audited consolidated financial statements for the fiscal year 2023/2024, reporting a revenue growth of 6% to EUR 527.6 million. This growth, including contributions from recent acquisitions, aligns with the upper end of company projections. Despite the increase, net profit for the year was EUR 26.1 million, down from EUR 28.3 million the previous year, largely due to higher borrowing costs.

The company's management has proposed a dividend of EUR 1.00 per share, a reduction from the previous year's EUR 1.50, following a share buyback program worth EUR 2.1 million. This proposal aligns with DATAGROUP’s distribution policy of a payout ratio around 40% of net income. Incoming orders in the CORBOX business remain strong, instilling confidence in future growth.