Record turnover for the quarter
Consolidated revenue for the third quarter of 2022 amounted to €40.4 million, up +21% in published data and +13% at constant exchange rates compared to the same quarter of 2022. ‘Previous exercice. For the first 9 months of 2022, Group sales amounted to €116.8 million, up +19% in published data (+13% at constant exchange rates).
Despite the accumulation of uncertainties, Esker achieves the best quarter in its history.
The difference between growth at constant exchange rates and published growth is mainly due to the rise in the US dollar against the euro. The average euro/dollar exchange rate was 1.00 in the third quarter of 2022, compared to 1.18 in the same quarter of 2021.
SaaS revenue (+26% as reported and +17% at constant exchange rates) drives the Group’s growth to represent 81% of all activity. This excellent performance, despite an unfavorable base effect, is the result of numerous customer contracts signed during the previous quarters which are gradually entering production.
This momentum more than compensates for the slight signs of a slowdown in volumes observed in Europe.