(Boursier.com) — At the end of the 2022 financial year, Munich recorded an annual turnover of 21.6 ME, up +12% compared to the 2021 financial year.
After a start to the year marked by strong growth, the end of the year was marked by a slightly less dynamic pace of activity given a very high comparison base in the 2nd half of 2021 and the postponement of large orders during the last quarter of 2022. These postponed orders will be fully honored in 2023.
Munic confirms its objective of reaching 25 MEUR in turnover generated through the EKKO platform combining the sale of Smart Dongle and the associated multi-year subscriptions by 2025.
Given the postponement of several large orders, the overall turnover target of €100 million, accompanied by a gross margin rate of more than 40% of turnover, has been postponed by one year and is now targeted at the horizon of 2026.
©2023 Boursier.com