Preliminary results for 2023. The App is moving forward. EARNINGS/SALES RELEASES MHM has given an update on the development of its Matching application. It has also published preliminary results for 2023 in line with our estimates. FACT MyAgency, the Concierge segment of MHM (MyAgency), will have generated €12m in revenue over 2023 and c€0.7m in EBIT. Work on the Matching application continues with successive upgrades. MHM expects to be ready by the end of 2024 to welcome an acceleration...
Strong growth in H1 23, imminent launch of the App EARNINGS/SALES RELEASES MyAgency’s excellent financial performance has offset a large part of the investment required to prepare for the launch of the Matching application in a fortnight’s time. FACT MyAgency (luxury concierge services) reported a 37% increase in H1 23 sales. Operating profit was €-0.6m, stable year on year. The cash burn was limited to €1m, despite preparations for the launch of the Matching application. Cash flow befor...
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