Analyst Group: Analyst Group Comments on OrderYOYO’s Q1 Performance and Acquisition of Kingfood
OrderYOYO announced on Monday, April 17th, the company’s performance during Q1-23. OrderYOYO’s ARR amounted to DKK 226m in March 2023, corresponding to a growth of 39% compared to 2022 consolidated proforma figures. Proforma net revenue amounted to DKK 54m and EBITDA before other extraordinary items was positive all months during Q1-23, which amounted to DKK 2.7m during the period. In connection to the Q1-23 trading update, the company announced the acquisition of Kingfood, a vertical market leader within the Asian cuisine segment serving more than 500 takeaway restaurants. Due to the strong Q1-23 performance and the acquisition of Kingfood the company raised its consolidated 2023 guidance.
Read Analyst Groups comment here
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This is a press release from Analyst Group regarding the publication of an comment on OrderYOYO. Readers may assume that Analyst Group has received compensation for making the comment. The Company has not been given an opportunity to influence the parts where Analyst Group has had opinions about the Company, future valuation or anything else that could be considered a subjective assessment.