CTAC N.V. : Revenue mix shift to challenge gross margins in the medium term
>Good growth in 2023, but at lower profitability due to slowdown in large IT capex - FY 2023 was a challenging year for CTAC. Revenue grew 8.1% YoY, which is decent, however missed company initial forecast of 9-12% YoY. Reported EBITDA came in at € 10.2m, a margin of 8.0% and declining by 17.2% YoY. The reason for margin contraction is two-fold: 1) revenue mix shift, and 2) few one-off elements (€ 1.6m EBITDA impact). Consulting business was the main drag to the busin...Ctac is an Information and Communication Technology (ICT) service supplier based in the Netherlands. Co. specializes in setting up, maintaining and updating its clients' ICT infrastructure, offering them customized products and services at the interface of business and ICT. In addition, Co. offers business consultancy services and Composed Solutions (modular cross-industry solutions). Co. is also a Systems Applications Products (SAP) Gold Partner and Microsoft Gold Partner, engaged in SAP reselling to medium-sized companies in the Netherlands. Co. spreads its business activities across four focal areas: SAP services, Managed services, Microsoft services, and other services.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.