OrderYOYO – Presentation of Q3 2023 trading update
In OrderYOYO's Q3 2023 results, OrderYOYO continued this year's strong momentum with 38% and 31% ARR growth and revenue growth, respectively. The momentum was further highlighted by the fourth upward revision of 2023 guidance this year on both the top line and bottom line.
In addition to continued strong revenue growth, earnings focus continues, with an EBITDA result of DKK 16m in the first nine months of the year, an improvement of DKK 20m vs 2022. Q3 also was the first full quarter with positive cash EBITDA, and thus growth momentum is fully funded by operations. In the report, they also released guidance for 2024, where they expect to continue double-digit growth on both topline and EBITDA.
The results, how this is achieved in challenging market conditions, and what's behind the guidance for the rest of 2023 and 2024 were some of the subjects we touched upon in this event, where we were joined by CEO Jesper Johansen, CFO Jesper Hyveled, and deputy CEO Matthias Thom.
OrderYOYO is a Danish Software-as-a-Service (SaaS) company that provides takeaway restaurants with all the necessary software to serve their customers, including online ordering, payment, marketing and business management solutions. The software enables restaurants, primarily within takeaway, to have their own-branded online presence direct to consumers instead of via food portals.
Disclaimer: HC Andersen Capital receives payment from OrderYOYO for a Corporate Visibility/Digital IR subscription agreement. /Michael Friis 11.28, 19 October 2023.
