(Boursier.com) — The turnover of Wallix amounts to a record 30.2 million euros in 2023, growing by 19.9%. Kleverware, consolidated since May 16, 2023, contributed 0.5 MZ to the 2023 turnover. Over the whole year, the pace of commercial acquisition remained very dynamic with an increase in the number of active contracts by 29%, or 656 contracts won in one year. At the end of December, the Group held a portfolio of nearly 3,000 active contracts with a retention rate of more than 95%.
The operating result is -9.49 ME in 2023 (-7.13 ME in 2022), and reveals a net result of -8.53 ME (-6 ME in 2022). “2023 was a pivotal year marking the end of an investment cycle focused on enriching our offering and developing our human capital in the 16 countries where the company is present today,” explains Jean-Noël by Galzain, Chairman and CEO of Wallix Group.
At the end of 2023, the Group has a solid financial base to ensure the next stages of its development, with gross cash flow of 17.6 ME, up 4.1 ME over 1 year. Cash flow net of financial debts stands at 8.9 ME for equity of 15.1 ME.
Outlook
Wallix has reached critical size and benefits from a solid base of nearly 3,000 active contracts with significant recurrence of its revenues. This new dimension allows the Group to enter a new phase of its development combining ‘ramp-up’ and return on investment, with the objective of generating strong, recurring and profitable growth under the effect of a performance plan in 5 points: enhance the customer base by increasing the basket of existing customers; support Key Accounts in the deployment of their projects; capitalize on Wallix One, the new platform deployed in SaaS mode; optimize pricing policy; reduce the overall volume of purchases and investments linked to operations by approximately 10%.
©2024 Boursier.com