Entersoft had a further 21% revenue boost in the second quarter of this year compared to the same period in 2023, increasing its cumulative six-month growth to 16% from 12% in the first quarter of the current fiscal year, according to a statement.

EBITDA profitability was burdened by non-recurring expenses, resulting in a lower growth rate (+6%) than that of revenues.

Management confirms the assessment made in the first quarter that revenue and profit growth rates will strengthen as we move into the following quarters, as a result of increased demand and a more favourable base of comparison with the previous year.

The key financials for H1 2024 are:

• revenues of €22.34 million, recording an increase of 16% compared to H1 2023 (€19.2 million)
• EBITDA of €7.16 million, up 6% compared to the same period last year (€6.7 million).
• Profit before tax: €5.1 million, +1% compared to the same period last year (€5.01 million)
• Cash and cash equivalents of €11.04 million compared to €11.2 million at the end of last year (2023) and net cash of €4 million after deducting borrowings of €6.4 million

The Group's revenue growth in H1 is mainly organic and is in line with expectations, realising the budget. Of all the Group's activities, the strongest growth is in e-invoicing services, logistics software systems (WMS) and ERP software.