View ValuationFreelance.com 향후 성장Future 기준 점검 0/6Freelance.com 의 수익은 연간 20.3% 감소할 것으로 예상되는 반면, 연간 수익은 1.2% 로 증가할 것으로 예상됩니다. EPS는 연간 18.6% 만큼 쇠퇴할 것으로 예상됩니다.핵심 정보-20.3%이익 성장률-18.57%EPS 성장률Professional Services 이익 성장11.4%매출 성장률1.2%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트22 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesBoard Change • May 20Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. 1 independent director (7 non-independent directors). Independent Lead Director Yassir Khalid was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Feb 26Freelance.com SA, Annual General Meeting, Jun 12, 2026Freelance.com SA, Annual General Meeting, Jun 12, 2026.공시 • Feb 26Freelance.com SA, Annual General Meeting, Jun 13, 2025Freelance.com SA, Annual General Meeting, Jun 13, 2025.공시 • Feb 25Freelance.com SA to Report Fiscal Year 2024 Results on Apr 21, 2025Freelance.com SA announced that they will report fiscal year 2024 results at 5:40 PM, Central European Standard Time on Apr 21, 2025Reported Earnings • Oct 23First half 2024 earnings releasedFirst half 2024 results: Revenue: €517.0m (up 23% from 1H 2023). Net income: €9.90m (up 11% from 1H 2023). Profit margin: 1.9% (down from 2.1% in 1H 2023). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Professional Services industry in Europe.Valuation Update With 7 Day Price Move • Jul 08Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €2.90, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 16x in the Professional Services industry in Europe. Total loss to shareholders of 48% over the past three years.New Risk • May 21New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 57% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Large one-off items impacting financial results.New Risk • Apr 24New minor risk - Dividend sustainabilityThe company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 2.3% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Reported Earnings • Apr 24Full year 2023 earnings releasedFull year 2023 results: Revenue: €857.7m (up 7.2% from FY 2022). Net income: €14.5m (down 20% from FY 2022). Profit margin: 1.7% (down from 2.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe.공시 • Feb 22+ 2 more updatesFreelance.com SA to Report First Half, 2024 Results on Oct 21, 2024Freelance.com SA announced that they will report first half, 2024 results on Oct 21, 2024Valuation Update With 7 Day Price Move • Jan 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €4.01, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 16x in the Professional Services industry in Europe. Total loss to shareholders of 43% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €7.25 per share.공시 • Jan 12Freelance.com SA (ENXTPA:ALFRE) completed the acquisition of Sports Technology Awards Ltd.Freelance.com SA (ENXTPA:ALFRE) agreed to acquire Sports Technology Awards Ltd on October 23, 2023.Freelance.com SA (ENXTPA:ALFRE) completed the acquisition of Sports Technology Awards Ltd on January 11, 2024.Valuation Update With 7 Day Price Move • Dec 22Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €3.59, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the Professional Services industry in Europe. Total loss to shareholders of 45% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €6.79 per share.Valuation Update With 7 Day Price Move • Nov 25Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €2.97, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Professional Services industry in Europe. Total loss to shareholders of 56% over the past year.New Risk • Nov 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results.Reported Earnings • Oct 27First half 2023 earnings releasedFirst half 2023 results: Revenue: €419.5m (up 9.5% from 1H 2022). Net income: €8.90m (flat on 1H 2022). Profit margin: 2.1% (down from 2.3% in 1H 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Professional Services industry in Europe.New Risk • Sep 25New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 99% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company.공시 • Sep 02Freelance.com SA (ENXTPA:ALFRE) acquired Openwork Limited.Freelance.com SA (ENXTPA:ALFRE) acquired Openwork Limited on September 1, 2023. The acquisition was financed entirely from equity. Freelance.com SA (ENXTPA:ALFRE) completed the acquisition of Openwork Limited on September 1, 2023.Reported Earnings • Apr 26Full year 2022 earnings releasedFull year 2022 results: Revenue: €800.2m (up 59% from FY 2021). Net income: €18.1m (up 83% from FY 2021). Profit margin: 2.3% (up from 2.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Professional Services industry in Europe.Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 1 independent director. 9 non-independent directors. Independent Lead Director Yassir Khalid was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Oct 25First half 2022 earnings releasedFirst half 2022 results: Revenue: €383.0m (up 81% from 1H 2021). Net income: €8.90m (up 173% from 1H 2021). Profit margin: 2.3% (up from 1.5% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Professional Services industry in Europe.Valuation Update With 7 Day Price Move • Oct 21Investor sentiment improved over the past weekAfter last week's 18% share price gain to €6.37, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Professional Services industry in Europe. Total loss to shareholders of 16% over the past year.Valuation Update With 7 Day Price Move • Jul 02Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €5.78, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Professional Services industry in Europe. Total loss to shareholders of 4.3% over the past year.Reported Earnings • Apr 27Full year 2021 earnings releasedFull year 2021 results: Revenue: €502.6m (up 55% from FY 2020). Net income: €9.90m (up 20% from FY 2020). Profit margin: 2.0% (down from 2.5% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 59%, compared to a 9.8% growth forecast for the industry in Germany.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Jerome Teissier was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Mar 10Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €6.15, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Professional Services industry in Europe.Reported Earnings • Oct 27First half 2021 earnings releasedThe company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: €212.2m (up 60% from 1H 2020). Net income: €3.26m (up 48% from 1H 2020). Profit margin: 1.5% (down from 1.7% in 1H 2020). The decrease in margin was driven by higher expenses.Board Change • Jul 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Director Claude Tempe was the last director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.이익 및 매출 성장 예측DB:9B4 - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20271,079161522112/31/20261,057151522112/31/20251,0532358N/A9/30/20251,05824N/AN/AN/A6/30/20251,063241922N/A3/31/20251,056211923N/A12/31/20241,050181925N/A9/30/20241,00217N/AN/AN/A6/30/2024955151824N/A3/31/2024906152126N/A12/31/2023858152327N/A9/30/202384716N/AN/AN/A6/30/2023837182731N/A3/31/2023818182530N/A12/31/2022800182428N/A9/30/202273717N/AN/AN/A6/30/2022673152529N/A3/31/2022588131720N/A12/31/202150310911N/A9/30/202145410N/AN/AN/A6/30/20214059-11-9N/A3/31/20213659-20N/A12/31/20203258810N/A9/30/20202927N/AN/AN/A6/30/202025851314N/A3/31/20202485911N/A12/31/2019237667N/A9/30/20192246N/AN/AN/A6/30/20192106N/A3N/A3/31/20191995N/A2N/A12/31/20181884N/A0N/A9/30/20181784N/AN/AN/A6/30/20181673N/A2N/A3/31/20181613N/A2N/A12/31/20171542N/A2N/A9/30/20171272N/AN/AN/A6/30/2017991N/A1N/A3/31/2017711N/A1N/A12/31/2016440N/A2N/A9/30/201643-1N/AN/AN/A6/30/201640-2N/A-1N/A3/31/201639-2N/A-2N/A12/31/201537-3N/A-3N/A9/30/201538-1N/AN/AN/A6/30/2015400N/A-1N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 9B4 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -20.3%).수익 vs 시장: 9B4 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -20.3%).고성장 수익: 9B4 의 수익은 향후 3년간 감소할 것으로 예상됩니다.수익 대 시장: 9B4 의 수익(연간 1.2%)이 German 시장(연간 6.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 9B4 의 수익(연간 1.2%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 9B4의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YCommercial-services 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/24 02:38종가2026/05/22 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Freelance.com SA는 4명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Stephanie LefebvreGilbert DupontChristel ClemeGilbert DupontValentin-Paul JahanStifel, Equities Research1명의 분석가 더 보기
Board Change • May 20Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. 1 independent director (7 non-independent directors). Independent Lead Director Yassir Khalid was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Feb 26Freelance.com SA, Annual General Meeting, Jun 12, 2026Freelance.com SA, Annual General Meeting, Jun 12, 2026.
공시 • Feb 26Freelance.com SA, Annual General Meeting, Jun 13, 2025Freelance.com SA, Annual General Meeting, Jun 13, 2025.
공시 • Feb 25Freelance.com SA to Report Fiscal Year 2024 Results on Apr 21, 2025Freelance.com SA announced that they will report fiscal year 2024 results at 5:40 PM, Central European Standard Time on Apr 21, 2025
Reported Earnings • Oct 23First half 2024 earnings releasedFirst half 2024 results: Revenue: €517.0m (up 23% from 1H 2023). Net income: €9.90m (up 11% from 1H 2023). Profit margin: 1.9% (down from 2.1% in 1H 2023). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Professional Services industry in Europe.
Valuation Update With 7 Day Price Move • Jul 08Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €2.90, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 16x in the Professional Services industry in Europe. Total loss to shareholders of 48% over the past three years.
New Risk • May 21New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 57% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Large one-off items impacting financial results.
New Risk • Apr 24New minor risk - Dividend sustainabilityThe company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 2.3% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Reported Earnings • Apr 24Full year 2023 earnings releasedFull year 2023 results: Revenue: €857.7m (up 7.2% from FY 2022). Net income: €14.5m (down 20% from FY 2022). Profit margin: 1.7% (down from 2.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe.
공시 • Feb 22+ 2 more updatesFreelance.com SA to Report First Half, 2024 Results on Oct 21, 2024Freelance.com SA announced that they will report first half, 2024 results on Oct 21, 2024
Valuation Update With 7 Day Price Move • Jan 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €4.01, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 16x in the Professional Services industry in Europe. Total loss to shareholders of 43% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €7.25 per share.
공시 • Jan 12Freelance.com SA (ENXTPA:ALFRE) completed the acquisition of Sports Technology Awards Ltd.Freelance.com SA (ENXTPA:ALFRE) agreed to acquire Sports Technology Awards Ltd on October 23, 2023.Freelance.com SA (ENXTPA:ALFRE) completed the acquisition of Sports Technology Awards Ltd on January 11, 2024.
Valuation Update With 7 Day Price Move • Dec 22Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €3.59, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the Professional Services industry in Europe. Total loss to shareholders of 45% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €6.79 per share.
Valuation Update With 7 Day Price Move • Nov 25Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €2.97, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Professional Services industry in Europe. Total loss to shareholders of 56% over the past year.
New Risk • Nov 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results.
Reported Earnings • Oct 27First half 2023 earnings releasedFirst half 2023 results: Revenue: €419.5m (up 9.5% from 1H 2022). Net income: €8.90m (flat on 1H 2022). Profit margin: 2.1% (down from 2.3% in 1H 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Professional Services industry in Europe.
New Risk • Sep 25New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 99% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company.
공시 • Sep 02Freelance.com SA (ENXTPA:ALFRE) acquired Openwork Limited.Freelance.com SA (ENXTPA:ALFRE) acquired Openwork Limited on September 1, 2023. The acquisition was financed entirely from equity. Freelance.com SA (ENXTPA:ALFRE) completed the acquisition of Openwork Limited on September 1, 2023.
Reported Earnings • Apr 26Full year 2022 earnings releasedFull year 2022 results: Revenue: €800.2m (up 59% from FY 2021). Net income: €18.1m (up 83% from FY 2021). Profit margin: 2.3% (up from 2.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Professional Services industry in Europe.
Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 1 independent director. 9 non-independent directors. Independent Lead Director Yassir Khalid was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Oct 25First half 2022 earnings releasedFirst half 2022 results: Revenue: €383.0m (up 81% from 1H 2021). Net income: €8.90m (up 173% from 1H 2021). Profit margin: 2.3% (up from 1.5% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Professional Services industry in Europe.
Valuation Update With 7 Day Price Move • Oct 21Investor sentiment improved over the past weekAfter last week's 18% share price gain to €6.37, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Professional Services industry in Europe. Total loss to shareholders of 16% over the past year.
Valuation Update With 7 Day Price Move • Jul 02Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €5.78, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Professional Services industry in Europe. Total loss to shareholders of 4.3% over the past year.
Reported Earnings • Apr 27Full year 2021 earnings releasedFull year 2021 results: Revenue: €502.6m (up 55% from FY 2020). Net income: €9.90m (up 20% from FY 2020). Profit margin: 2.0% (down from 2.5% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 59%, compared to a 9.8% growth forecast for the industry in Germany.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Jerome Teissier was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Mar 10Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €6.15, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Professional Services industry in Europe.
Reported Earnings • Oct 27First half 2021 earnings releasedThe company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: €212.2m (up 60% from 1H 2020). Net income: €3.26m (up 48% from 1H 2020). Profit margin: 1.5% (down from 1.7% in 1H 2020). The decrease in margin was driven by higher expenses.
Board Change • Jul 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Director Claude Tempe was the last director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.