Obiz 2023 Annual Results: Strong Growth and Robust Performance

Obiz, specializing in relationship marketing, closed the year 2023 with a turnover of 83.1 million euros, reporting an increase of 108% compared to the previous year. This performance exceeds forecasts which targeted 75 million euros.

The gross margin doubled, reaching 11.0 million euros, and EBITDA followed this upward trend with an increase of 110% to reach 2.2 million euros. The evolution of Obiz's activities, including relational and affinity programs as well as e-commerce stores, has strongly contributed to this growth.

In terms of financial structure, available cash increased considerably, from 2.8 to 9.2 million euros in one year, thanks in part to a capital increase of 8 million euros and the acquisition new loans.

For 2024, Obiz is setting itself ambitious objectives with an expected consolidated turnover of more than 125 million euros and an EBITDA exceeding 3.5 million euros. The company also plans to sign more than 35 new relational and affinity programs.