Exasol Reports Positive 2024 Financial Results

Exasol AG has released its 2024 annual report, showing audited results in line with earlier forecasts. The company achieved an EBITDA of EUR 2.0 million, marking a significant improvement from the previous year's EUR -5.7 million. Consolidated net income reached EUR 0.2 million, a first positive performance since its IPO in 2020.

Revenues rose by 12.9% to EUR 39.6 million, underlining Exasol's strategic focus on on-premise and hybrid solutions. Key growth sectors, including finance, telecommunications, and healthcare, contributed to a 19% increase, consolidating Exasol’s competitive edge.

Looking ahead, Exasol confirms its 2025 guidance, expecting at least a 50% rise in EBITDA to EUR 3-4 million. Although challenges remain from sectoral terminations, core markets continue to show strong double-digit growth. The strategic shift is expected to further bolster Exasol's market position.