Axway anticipates organic growth of between 1 and 3% in 2024 – 02/21/2024 at 6:48 p.m.

(AOF) – In 2023, Axway’s net profit stood at 35.8 million euros, or 11.2% of turnover, while last year the group recorded a net loss of 40 million euros. Its revenues amounted to 319 million euros, up 5.8% organically and 1.6% in total. Operating profit for the 2023 financial year came to 47.6 million euros, or 14.9% of turnover. Last year, Axway posted an operational loss of 46.4 million euros.

Current operating profit was 55.4 million euros in 2023, representing 17.4% of turnover, compared to 37.4 million euros the previous year (or 11.9% of turnover). business). It includes the amortization of allocated intangible assets for 3.2 million euros and an expense linked to share-based payments for an amount of 4.2 million euros.

Net free cash flow reached 18.8 million euros in 2023, compared to 2.2 million euros the previous year.

Axway’s board of directors will not propose a dividend distribution for the 2023 financial year.

For 2024, Axway forecasts organic growth of between 1 and 3%, and an operating profit of around 20% of turnover.


Learn more about the Software Publishers industry

Beautiful dynamics

According to the latest Truffle 100 ranking, the sector’s total turnover in France jumped 15% last year to cross the 25 billion euro mark. The sector has benefited from an unprecedented growth rate and confirms its recovery after the health crisis. The average annual growth over fifteen years is 12 times higher than that of GDP! Dassault Systèmes retains first place with more than 5.6 billion euros in revenue last year. Cegid, specialist in software for accountants, and the fintech Murex are placed in second and third position with respectively 791 and 711 million euros in turnover. Polarization is one of the characteristics of the sector: the gap in turnover between the 50th and the 100th publisher has increased further in 2022 to reach almost 28 million euros. Performance was improved as the profitability rate (as a percentage of turnover) increased from 9.1% to 10.4%. The outlook is good because artificial intelligence, seen as revolutionary, is expected to drive the market in 2023, as is cybersecurity.

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