Coheris (COH) Trading Update summary

Annual revenue performance

• 2024 business revenue reached €13.5M, up 0.5% year-on-year, with a strong second half (+6%) offsetting a weaker first half (-3.6%).

• Subscription (annual licence) revenue rose 14% to €6.9M, now 51% of total revenue, up from 45% in 2023.

• Perpetual licence and maintenance revenue declined, now 21% of total revenue versus 24% in 2023.

• Service revenue fell 7% to €3.8M, representing 29% of total revenue.

• Annual recurring revenue (ARR) increased 1% to €10.3M as of December 31, 2024.

Business model evolution

• Shift towards subscription-based model continues, with subscriptions now the majority of revenue.

• Decline in perpetual licence and maintenance revenue reflects this transition.

• Service revenue contraction suggests changing client demand or delivery model.

• Recurring revenue base remains stable, supporting future visibility.

Company background and outlook

• Coheris specializes in CRM, client intelligence, and data analytics solutions.

• Over 500 companies in 80+ countries use Coheris solutions.

• Next financial results will be published on April 23, 2025.