q beyond (QBY) Q1 2025 earnings summary

Executive summary

• Q1 2025 delivered improved earnings and financial strength, with EBITDA up 15% to €2.3 million and net income improving to (€0.3) million, nearing break-even despite a challenging economic environment.

• Strategy 2025 and 2025plus are proving effective, focusing on profitability, service leadership in IT, and efficiency gains.

• High share of recurring revenues (73%) and concentration on five core sectors (70%) support resilience.

• Committed team of 1,118 employees, with 16% nearshoring/offshoring and high staff retention (91%).

Financial highlights

• Revenues were €46.4 million, slightly down from €47.1 million year-over-year, reflecting a focus on profitability.

• Gross profit increased to €8.9 million from €8.2 million, with gross margin rising to 19%.

• EBITDA rose 15% to €2.3 million (5% margin); EBIT improved to (€0.4) million from (€1.1) million.

• Consolidated net income improved to (€0.3) million, nearing break-even, versus (€1.1) million last year.

• Free cash flow increased to €0.8 million from €0.6 million; net liquidity rose to €39.9 million.

Outlook and guidance

• Full-year 2025 guidance confirmed: revenues of €184–190 million, EBITDA expected between €12–15 million, and positive consolidated net income.

• Targeting at least a 10% EBITDA margin in the midterm (2027–2028).

• Plans to expand business outside Germany, targeting 15% of business from international markets in the midterm.

• AI, nearshore, and offshoring strategies to support margin improvement.