Prologue announces robust growth in its EBITDA in 2023 despite net losses

The Prologue company published its financial results for the year 2023, marking an important step in compliance with its strategic plan planned for 2027. Prologue's turnover increased by 3%, reaching 111.7 million euros. EBITDA grew significantly by 79.7%, reaching a record €6.9 million.

But, despite this operational performance, the year was also marked by significant accounting adjustments. A revaluation of assets led to a non-recurring, non-cash charge of €4.1 million. Additionally, an accounting error correction in Brazil added exceptional losses, with the company's net income showing a loss of 10.1 million euros.

However, Prologue maintained a strong cash flow at the end of the year, with 16.4 million euros available, indicating an increase compared to 2022. The company continues to follow its strategic plan until 2027, putting the emphasis on improving operational profitability in an increasingly competitive IT market.