Company Announcement No. 59 - 2023
OrderYOYO A/S
Inside Information
Highlights
2023 guidance raised. December ARR guidance raised to
Strong performance in Q2 2023 with June ARR of
EBITDA for H1 2023 of
June annualised GMV of
Integration of Kingfood acquired
Financial Highlights
| Consolidated | ||
(DKKm) | H1 2023 | H1 2022 | Growth (%) |
Annual Recurring Revenue (ARR - Annualized June MRR) | 246 | 167 | 47% |
GMV (Annualized June GMV) | 2,304 | 1,785 | 29% |
Net Revenue (2022 pro forma) | 116 | 87 | 33% |
EBITDA before other extraordinary items (2022 pro forma) | 9.0 | -6.0 | nm |
Accounting Net Revenue (app smart only consolidated in H1 2023) | 116 | 51 | 127% |
** Annualized June ARR of
** H1 2023 Net revenue of
** Annualized June GMV of
** Positive EBITDA before other external costs for H1 2023 of
Consolidated 2023 guidance raised
Due to our strong performance in Q2 2023 consolidated 2023 guidance is changed as follows:
| 2023 Guidance | |
(DKKm) | Current | Updated |
245-255 | 250-260 | |
2,500-2,700 | 2,500-2,700 | |
Net Revenue 2023 | 215-230 | 220-235 |
EBITDA before other extraordinary items 2023 | 13-18 | 15-20 |
**
** Net revenue 2023 guidance is raised from
** EBITDA before other external costs 2023 guidance is raised from
OrderYOYO consolidation strategy and focus on profitability
As European market leader, we keep seeing increased consolidation opportunities in our markets. Our consolidation strategy focuses on two types of acquisition targets:
- Local market leaders in European countries where OrderYOYO is currently not present to expand our European market leading position, and
- Local participants in the markets where OrderYOYO is already market leader to drive economies of scale and increased profitability for the Group
In H2 2022 and Q1 2023 OrderYOYO was EBITDA profitable in all months. A strategic milestone for us driven by market leadership focus, strong commitment to profitable growth, increased economies of scale resulting from the OrderYOYO/app smart merger and a strict focus on cost management. The monthly EBITDA profitability has continued into Q2 2023 securing an H1 2023 EBITDA of
It is our goal to continue to be EBITDA profitable and our raised guidance for 2023 EBITDA of
As we continue our growth, both organically and through consolidation, economies of scale and cost control will increase EBITDA. In addition, acquisitions of local participants in markets where we are already market leader will provide the opportunity to increase profitability through cost savings and efficiency gains.
We are confident that our strategy will result in a continued expansion of our EBITDA margin in the coming years.
Video presentation
The Q2 2023 current trading will be presented at a recorded video uploaded to the OrderYOYO website and
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.
https://news.cision.com/orderyoyo-a-s/r/orderyoyo-a-s-publishes-continued-strong-performance-in-q2-showing-47--arr-growth-and-significant-in,c3806529
https://mb.cision.com/Public/20605/3806529/a2915773a3e7d52f.pdf
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