Better Collective FY 2023 revenue set to exceed guidance
Better Collective is proud to announce full year revenues of 327 mEUR with EBITDA of 111 mEUR, implying growth of 21% and 31% respectively. Revenue thereby exceeded the group’s target while EBITDA ended in the high end of the range.
Revenue for the full year of approximately 327 mEUR (target 315-325 mEUR). EBITDA before special items for the full year of approximately 111 mEUR (target 105-115 mEUR). Net debt to EBITDA before special items below 2.0 (target below 2.0).
During 2023, Better Collective has upgraded its financial targets twice due to strong operational performance and accretive acquisitions. The first guidance set out in the beginning of the year was targeting revenues of 290-300 mEUR and EBITDA of 90-100 mEUR.
The latest guidance targeted revenues of 315-325 mEUR and EBITDA of 105-115, hence exceeding the revenue target and being in the top end of the range of the EBITDA-range. The net debt to EBITDA target was met.