Doxee: Doxee reduces loss in 2024 and Ebitda returns positive; revenues grow

(Alliance News) - Doxee Spa reported that the 2024 fiscal year ended with a group net loss of EUR3.7 million, an improvement from the loss of EUR5.1 million reported in 2023. Earnings before taxes were negative EUR3.1 million, compared to minus EUR5.6 million in 2023. Revenues rose to EUR26.5 million, up 2.4 percent from EUR25.8 million in the previous year, driven in particular by growth in the DACH region-Germany, Austria, Switzerland-which advanced 30 percent from EUR3.9 million to EUR5.1 million. In Italy, revenues remained more or less stable. Subscription revenues increased by 3.0% to EUR19.2 million, accounting for 73% of revenues, while Professional Services revenues remained essentially stable at EUR7.2 million. Ebitda returned to a positive EUR2.9 million, after a negative EUR200,000 recorded in 2023. Ebit was negative EUR2.3 million, improving from the negative figure of EUR4.5 million in 2023. Contribution margin improved by 8.3 percent to EUR16 million, while production value was EUR29.8 million compared to EUR29.5 million in 2023. The group's net financial debt improved to EUR19.3 million from EUR21.6 million at the end of 2023. Cash and cash equivalents increased to EUR1.1 million from EUR800,000. Consolidated shareholders' equity increased to EUR8.5 million from EUR6.5 million as of December 31, 2023. At the parent company level, Doxee Spa reported revenues of EUR20.5 million, down from EUR21.2 million in 2023. Ebitda rose to EUR3.2 million from EUR200,000, while net income was negative EUR3.5 million, an improvement from minus EUR5.9 million in the previous year. Net financial debt decreased to EUR14.2 million from EUR16.4 million. For 2025, the company believes that improved margins, international relaunch, and renewal of multi-year contracts, with ARR stable at 73 percent, support favorable forecasts for the coming years, with the goal of maintaining positive Ebitda. The directors consider financial debt sustainable, forecasting adequate cash flows to cover future commitments due to the expected strengthening of operating performance. By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter Comments and questions to redazione@alliancenews.com Copyright 2025 Alliance News IS Italian Service Ltd. All rights reserved. (Alliance News) - Doxee Spa reported that the 2024 fiscal year ended with a group net loss of EUR3.7 million, an improvement from the loss of EUR5.1 million reported in 2023. Earnings before taxes were negative EUR3.1 million, compared to minus EUR5.6 million in 2023. Revenues rose to EUR26.5 million, up 2.4 percent from EUR25.8 million in the previous year, driven in particular by growth in the DACH region-Germany, Austria, Switzerland-which advanced 30 percent from EUR3.9 million to EUR5.1 million. In Italy, revenues remained more or less stable. Subscription revenues increased by 3.0% to EUR19.2 million, accounting for 73% of revenues, while Professional Services revenues remained essentially stable at EUR7.2 million. Ebitda returned to a positive EUR2.9 million, after a negative EUR200,000 recorded in 2023. Ebit was negative EUR2.3 million, improving from the negative figure of EUR4.5 million in 2023. Contribution margin improved by 8.3 percent to EUR16 million, while production value was EUR29.8 million compared to EUR29.5 million in 2023. The group's net financial debt improved to EUR19.3 million from EUR21.6 million at the end of 2023. Cash and cash equivalents increased to EUR1.1 million from EUR800,000. Consolidated shareholders' equity increased to EUR8.5 million from EUR6.5 million as of December 31, 2023. At the parent company level, Doxee Spa reported revenues of EUR20.5 million, down from EUR21.2 million in 2023. Ebitda rose to EUR3.2 million from EUR200,000, while net income was negative EUR3.5 million, an improvement from minus EUR5.9 million in the previous year. Net financial debt decreased to EUR14.2 million from EUR16.4 million. For 2025, the company believes that improved margins, international relaunch, and renewal of multi-year contracts, with ARR stable at 73 percent, support favorable forecasts for the coming years, with the goal of maintaining positive Ebitda. The directors consider financial debt sustainable, forecasting adequate cash flows to cover future commitments due to the expected strengthening of operating performance. By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter Comments and questions to redazione@alliancenews.com Copyright 2025 Alliance News IS Italian Service Ltd. All rights reserved.