Creactives Group (CREG) H2 2023 earnings summary

Executive summary

• Value of production rose 25% YoY to €3.6M; recurring revenues increased 28% to €1.8M, equal to 62% of total revenues.

• International turnover represented 88%; EBITDA loss narrowed 34% to €272K and net loss improved to €879K from €1.2M.

Financial highlights

• Sales and services revenue, including WIP, reached €3.003M, up 34.9% YoY; consolidated revenues including WIP were reported up 35%.

• Value of production was €3.595M, up 25%; production costs rose 18% to €4.405M, leaving an operating loss of €809K versus €833K.

• Net loss was €879K versus €1.193M; prior-year taxes included a €323K provision related to extraordinary events.

• Internal capitalization declined to €585K from €653K as more resources were deployed on customer projects.

Outlook and guidance

• H2 priorities include partner-led go-to-market activity, with expected contributions to sales and margins; some large-customer contracts delayed anticipated growth by ~6 months.

• Continued AI investment planned for the Vanessa platform and applications, with Add Value supporting product development.

• SAP integration investment was rescheduled to the next fiscal year, prioritizing simpler setup and customer use of the technology.

• Expansion focus includes European enterprises in new industries, warehouse management and master data solutions, plus opportunities in the Americas.