Revenue surge of 21% for Acroud in the first half of the year
Acroud, a leading company in the [industry], has announced impressive financial results for the first half of the year, accompanied by a significant cash injection from senior bond financing.
The company's Adjusted EBITDA for the first quarter increased by 55% to 1.8 million euros compared to the same period last year. This growth was sustained throughout the first half of the year, with the adjusted EBITDA rising from 1.5 million euros to 1.8 million euros. The strong performance continued into the second quarter, culminating in a total adjusted EBITDA of 3.6 million euros for the first six months.
Revenue for the first quarter saw a 16% increase to 7.2 million euros, while the number of new customers rose by 20% to over 35 thousand. For the first half of the year, the company recorded a 21% revenue uptick, with the number of new customers growing by 12%, currently sitting at 68.7 thousand. The firm's revenue for the first six months of the year is 14 million euros, a 20% increase from last year's 11.8 million euros.
Profit after tax for the first six months was 2.4 million euros, a significant increase from last year's 480 thousand. The first quarter's profit after tax went from a loss of almost 270 thousand euros to 1.25 million euros. Diluted earnings per share for the first six months experienced a massive jump, now at almost 2 cents per share, in contrast to last year's negative 0.2 cents for the first quarter.
Operating cash flow for the first quarter decreased by about 25% to under 1.5 million euros compared to the same period last year. However, the company secured over 21.5 million euros (225 million Swedish Kronas) in financing from senior bonds, providing a much-needed cash injection. This financing will help ensure the completion of Acroud's goals in case of uncertainties in the industry.
Acroud's strong growth was highlighted in a financial review covering the first half of the year, which the company published recently. The firm is very pleased with their performance so far this year and are looking forward to completing their objectives and fulfilling their strategies in the upcoming months. The banks involved in Acroud's issuance of over 21.5 million euros in senior bonds were not publicly disclosed.
In conclusion, Acroud's financial results for the first half of the year demonstrate a robust and resilient business model. The company's strong performance, coupled with the recent financing, positions Acroud well for future growth and success.
