“This result serves as a solid platform for the coming year, where we will focus on identifying new markets, evaluating expansion options, assessing new partnerships, and focusing on business growth. I am fully committed to driving additional value for our company,” says Johan Svensson, Acting CEO of Raketech.

Q4 2023 FINANCIAL HIGHLIGHTS

• Revenues in Q4 of 2023 totaled EUR 22.8 million (EUR 15.7 million) with an organic growth of 45.3% (23.1%), driven primarily by continued growth within sub-affiliation.
• EBITDA amounted to EUR 6.0 million (EUR 6.4 million) somewhat impacted by a softer development in Sweden, compared against a strong fourth quarter 2022 impacted positively by the FIFA World Cup in in that year. Other regions showed good performance and sub-affiliation continued to grow.
• Operating profit amounted to EUR 2.8 million (EUR 4.3 million), lower as an effect of increased non-cash affecting amortisation and depreciation on intangibles assets relating primarily to the prior acquisition of Casumba.
• Free cash flow increased to EUR 4.8 million (EUR 2.2 million) with only minor earnout settlements during the quarter.

DIVIDEND PROPOSAL AND OUTLOOK

• The Board of Directors proposes to the Annual General Meeting 2024 a dividend corresponding to EUR 0.10 per share (EUR 0.094), representing an increase of 6% from last year.
• Guidance for 2024:
  • EBITDA is expected to come in between EUR 24-26 million.
  • Free cash flow is estimated to amount to EUR 22-24 million before cash settlements of the Casumba earnout of EUR 18.3 million this year.

SUBSEQUENT EVENTS AFTER THE END OF THE PERIOD

• Revenues in January 2024 amounted to EUR 7.3 million (EUR 5.0 million).
  • Supported by positive results from Sub-affiliation
• On January 11, 2024, the board of Directors appointed Johan Svensson as Acting CEO, replacing the former CEO Oskar Mühlbach.

Read the full report at: https://raketech.com/investor-relations/

REPORT AND PRESENTATION
Acting CEO Johan Svensson and CFO Måns Svalborn will present the report in a conference call on Wednesday, February 21, 2024, at 09:00 CET.

Presentation outline:

• Business update by Acting CEO Johan Svensson
• Financials Q4 2023 by CFO Måns Svalborn
• Key takeaways
• Q&A

The presentation can be followed via both a conference call and an online audio cast, including a Q&A session open to all listeners at the end of the presentation.

If you wish to participate via webcast, please use the link below. Via the webcast you are able to ask written questions.

https://ir.financialhearings.com/raketech-q4-report-2023

If you wish to participate via teleconference, please register on the link below. After registration, you will be provided with phone numbers and a conference ID to access the conference. You can ask questions verbally via teleconference.

https://conference.financialhearings.com/teleconference/?id=5007379