ThemenmitKopf (@topicswithhead) on getquin

Financial results

Net revenue: EUR 498.3 million in Q3 2024, an increase of 20% year-on-year; on a constant currency basis, year-on-year growth was 21%.
Volume processed: 320.6 billion euros, an increase of 32% year-on-year.

Balance sheet and cash flow overview

Balance sheet: The report does not contain any specific balance sheet information.
Income statement: Apart from net sales, no further details on the income statement are provided.
Cash flow: Cash flow details are missing from the report.

Key figures and profitability metrics

EBITDA margin: The company is aiming to improve its EBITDA margin to over 50% by 2026.

Segment information

Platforms: Volume processed increased by 44% year-on-year; excluding eBay, growth was 54%.
Digital: Processed volume increased by 29 % year-on-year.
Unified Commerce: Volume processed increased by 33% year-on-year.

Competitive position

Scaling the customer base: The company is constantly expanding its customer base; 25 platforms currently process over one billion euros annually, compared to 17 in the previous year.

Management forecasts and comments

Net sales growth: Expected to grow net sales between low and high 20 percent ranges annually through 2026.
Capital expenditure: Capital expenditure to be maintained at up to 5% of net sales.

Opportunities and risks

Opportunities: Expansion in North America and improvements to the product range, such as the "Intelligent Payment Routing" solution.
Risks: Dependence on a single large customer, which could affect volume growth.

Positive aspects

Strong sales growth: Net sales increased by 20% year-on-year.
Platform expansion: Processed volume via platforms increased by 44 % year-on-year.
Unified Commerce growth: Processed volume increased by 33% year-on-year.
Product innovation: Launch of new products such as the SFO1 terminal and "Intelligent Payment Routing".
Expansion of the customer base: Increasing number of platforms with a processed volume of over one billion euros annually.

Negative aspects

Dependence on volume growth: Limited volume growth due to a single large customer.
Lack of financial details: No detailed balance sheet, income statement or cash flow information.
Unchanged financial targets: No adjustment to financial forecasts despite market conditions.
Hiring challenges: Non-linear hiring processes, yet focus on key investments.
Currency effects: Currency fluctuations slightly affect net sales growth.