January–March 2024
- Revenue was
EUR 41.5 million (EUR 52.8 million in January–March 2023). Revenue decreased by 21%. - EBITDA was
EUR 2.3 million (3.4). - EBIT was
EUR 0.5 million (1.3) and was 1.2% of revenue (2.5%). EUR 0.3 million in personnel expenses related to severance payments were recorded in the result.- Earnings per share was
EUR 0.01 (0.02).
Outlook for 2024
Eezy does not give guidance for 2024.
Key figures (IFRS)
EUR million, unless otherwise specified | 1–3/2024 | 1–3/2023 | 1–12/2023 |
Revenue | 41.5 | 52.8 | 219.0 |
EBITDA | 2.3 | 3.4 | 14.5 |
EBITDA, % | 5.5% | 6.5% | 6.6% |
EBIT | 0.5 | 1.3 | 4.0 |
EBIT, % | 1.2% | 2.5% | 1.8% |
EPS, basic, EUR | 0.01 | 0.02 | 0.03 |
EPS, diluted, EUR | 0.01 | 0.02 | 0.03 |
Net debt / EBITDA | 4.5 x | 3.0 x | 4.0 x |
Chain-wide revenue | 60.0 | 73.8 | 307.6 |
“Demand for staffing in our main sectors, construction and manufacturing, remained weak for the first part of the year. Revenue increased for our Professional services, which is a great achievement in a difficult market. The yearly savings of
In the first quarter, our revenue was
Our Professional Services business area's revenue grew 7% in the first quarter to
Our EBIT for the first quarter was
Our strategy is on track – first results already visible
We published our new strategy "Good Work 2028" in February. Our long-term goals are to grow faster than the market in our Staffing Services, double the revenue of our Professional Services and achieve an EBIT level of 8% in 2028.
A key source for growth is to harness the power of our nationwide network of regional operators, and, of our digital service, which is independent of time and place.
The core of improving profitability lies in leveraging the economies of scale brought by growth and in harnessing technology and artificial intelligence in our core business processes.
In April, we started rolling out the AI-enabled ERP system in Staffing Services with first customers and staffed employees. We see now in practice what a significant source of productivity, growth and competitive advantage our new system, developed by us, is. We will continue the development and deployment work throughout 2024. I am beyond excited about this.
The economic cycle has been exceptionally difficult throughout my time as CEO. However, I still see strong opportunities for growth and productivity gains over this strategic period. Our competitive advantages include the largest national network, a strong and responsible brand, satisfied customers, and a broad client base. We can also offer our customers the widest range of services within the market. We will revolutionize the staffing service industry with our AI-enabled technology. By focusing together with the Eezy team on what we do best in the country, we will achieve our strategic goals.”
Result publication event:
A Finnish-language briefing for analysts and media will be held on
The briefing will be hosted by CEO
Attachment: Interim Report January–March 2024 in PDF format
Further information:
CEO
siina.saksi@eezy.fi
tel. +358 50 550 3912
CFO
joni.aaltonen@eezy.fi
tel. +358 40 524 7270
Communications and Marketing Director
marleena.bask@eezy.fi
tel. +358 50 352 3643
Attachment
- Eezy_Plc_InterimReport_Q1_2024_ENG
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