Axway anticipates organic growth of between 1 and 3% in 2024

(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.

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