ORDERYOYO A/S Company Announcement No. 35 -2022
OrderYOYO A/S
Inside Information
Highlights
Strong performance in Q3 2022 with ARR of
Continued strong focus on profitability leads to positive Q3 22 EBITDA of
Merger with app smart progressing according to plan with the realization of the expected benefits - cross-selling of Growth Marketing to the German market enhancing our
December ARR guidance was raised in announcement released
2023 guidance released showing December ARR guidance of
2023 thereby continues our journey with strong focus on profitability and balancing growth and profit in all activities we carry out, including market consolidations
Financial Highlights
DKKm | Consolidated | ||
| Q3 2022 | Q3 2021 | Growth (%) |
Annual Recurring Revenue (ARR- Annualized September MRR) | 185 | 148 | 25% |
GMV (Annualized September GMV) | 1,868 | 1,702 | 10% |
Net Revenue | 45.1 | 40.5 | 11% |
** Annualized September ARR of
** Q3 Net revenue of
** Annualized September GMV of
** Positive EBITDA before other external costs for Q3 2022 of
Merger with app smart develops according to plan
** The OrderYOYO and app smart combination announced at the end of H1 2022 creates the largest restaurant liberator in
** The combination of two market leaders, extending the number of market leading positions in
** The integration of the two companies is progressing as planned and all the expected benefits of merging the two companies has been proven. The two companies share the same vision, mission, and market approach, and has in addition proven to be a strong cultural fit. All reasons for strong merger improvements already experienced
** Cross-selling of Growth Marketing to the German market and cross-selling of POS to the
Consolidated 2022 guidance was raised in Guidance Announcement
As the merger with app smart progress successfully consolidated guidance was changed as follows:
**
** EBITDA before other external costs full-year 2022 guidance was raised from
**
DKKm | Guidance | |
| Current | Updated |
180-195 | 185-200 | |
2,050-2,200 | 2,050-2,200 | |
Net Revenue 2022 | 140-155 | 140-155 |
EBITDA before other extraordinary items 2022 | (10)-0 | (5)-0 |
Consolidated 2023 guidance released
As the merger between OrderYOYO and app smart has created a somewhat different company the board of directors have decided to release 2023 guidance following the Q3 2022 Current Trading update.
DKKm | Consolidated Guidance | ||
| FY 2023 | FY 2022 | Growth (%) |
215-230 | 185-200 | 15-16% | |
2,200-2,400 | 2,050-2,200 | 7-9% | |
Net Revenue* | 190-205 | 140-155 | 32-36% |
EBITDA | 5-15 | (5)-0 | nm |
*FY 2022 contains 6 months of app smart Net Revenue (July-December) |
| ||
**
** Positive EBITDA before other external costs full-year 2023 guidance of
** Net revenue full-year 2023 guidance of
**
For additional information, please contact
OrderYOYO A/S
Mobile (+45) 21 67 84 92
Email jesper.johansen@orderyoyo.com
OrderYOYO A/S Masnedøgade 26, 2100 Copenhagen Ø
Certified Advisor
Mobile (+45) 31 79 90 00
Grant Thornton Stockholmsgade 45, 2100 Copenhagen Ø
About OrderYOYO
OrderYOYO is the market leading European online ordering, payment, and marketing software solution provider. OrderYOYO's solution is offered as Software-as-a-Service (SaaS) and enables small independent takeaway restaurants to have their own-branded online presence direct to consumers. OrderYOYO helps takeaway restaurants drive online takeaway orders through their own tailored software solution in the individual takeaway restaurant's own brand. We liberate restaurants.
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