Fabasoft AG Confirms Growth Course in 2023/2024 Fiscal Year

Fabasoft AG announced its consolidated financial results for the 2023/2024 fiscal year, showcasing significant growth. Sales revenue rose to EUR 81.0 million from EUR 69.2 million in the previous year, reflecting a 16.9% increase. EBITDA jumped to EUR 21.6 million from EUR 16.8 million, while EBIT improved to EUR 13.4 million compared to EUR 10.0 million in 2022/2023.

Despite ongoing investments in growth measures, the company demonstrated increased profitability. Operating cash flows surged to EUR 19.5 million from EUR 7.0 million. The research and development expenditure stood at 31.4% of revenue, emphasizing the focal areas of proprietary software technology and AI-based applications.

Fabasoft continues to expand its workforce, with employee numbers growing from 451 to 497. At the upcoming Annual General Meeting on 2 July 2024, a dividend distribution of EUR 0.10 per share will be proposed.