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8-K: XBP Europe Holdings, Inc. Reports Third Quarter 2024 Results

8-K: XBP Europe Holdings, Inc. Reports Third Quarter 2024 Results

8-K:XBP 歐洲控股公司公佈2024年第三季度業績
美股SEC公告 ·  2024/11/13 06:23

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XBP Europe Holdings reported Q3 2024 revenue of $35.4M, down 5.6% YoY but up 5.5% QoQ. Operating profit increased significantly to $2.5M, up $2.2M YoY, while gross margin improved to 32.6%, an 800 bps increase YoY. The company posted a net loss of $2.8M, including $0.7M in FX losses.The Bills & Payments segment generated revenue of $24.6M, declining 3.1% YoY due to lower postage revenue and volumes, while Technology segment revenue decreased 10.8% YoY to $10.8M. Adjusted EBITDA from continuing operations reached $4.8M, more than doubling YoY with a margin expansion to 13.7%.The company announced plans to divest its on-demand printing operation, which generated $6.8M in YTD revenue with negative $3.3M Adjusted EBITDA. XBP Europe maintained adequate liquidity with $7.8M in cash and additional funding available through secured facilities, including a €15M factoring facility.
XBP Europe Holdings reported Q3 2024 revenue of $35.4M, down 5.6% YoY but up 5.5% QoQ. Operating profit increased significantly to $2.5M, up $2.2M YoY, while gross margin improved to 32.6%, an 800 bps increase YoY. The company posted a net loss of $2.8M, including $0.7M in FX losses.The Bills & Payments segment generated revenue of $24.6M, declining 3.1% YoY due to lower postage revenue and volumes, while Technology segment revenue decreased 10.8% YoY to $10.8M. Adjusted EBITDA from continuing operations reached $4.8M, more than doubling YoY with a margin expansion to 13.7%.The company announced plans to divest its on-demand printing operation, which generated $6.8M in YTD revenue with negative $3.3M Adjusted EBITDA. XBP Europe maintained adequate liquidity with $7.8M in cash and additional funding available through secured facilities, including a €15M factoring facility.
XBP歐洲控股公司報告2024年第三季度營業收入爲3540萬美元,同比下降5.6%,但環比上升5.5%。營業利潤顯著增加至250萬美元,同比增加220萬美元,同時毛利率改善至32.6%,同比提升800個點子。公司公佈淨虧損280萬美元,包括70萬美元的外匯期貨損失。賬單與支付部門產生的營業收入爲2460萬美元,同比下降3.1%,原因是郵費收入和交易量減少,而科技部門的營業收入同比下降10.8%,降至1080萬美元。來自持續事件的調整後EBITDA達到480萬美元,同比翻倍,利潤率擴大至13.7%。公司宣佈計劃出售其按需印刷事件,該事件年初至今營業收入爲680萬美元,調整後EBITDA爲負330萬美元。XBP歐洲保持足夠的流動性,擁有780萬美元現金,並通過擔保融資渠道獲得額外資金,包括1500萬歐元的保理融資。
XBP歐洲控股公司報告2024年第三季度營業收入爲3540萬美元,同比下降5.6%,但環比上升5.5%。營業利潤顯著增加至250萬美元,同比增加220萬美元,同時毛利率改善至32.6%,同比提升800個點子。公司公佈淨虧損280萬美元,包括70萬美元的外匯期貨損失。賬單與支付部門產生的營業收入爲2460萬美元,同比下降3.1%,原因是郵費收入和交易量減少,而科技部門的營業收入同比下降10.8%,降至1080萬美元。來自持續事件的調整後EBITDA達到480萬美元,同比翻倍,利潤率擴大至13.7%。公司宣佈計劃出售其按需印刷事件,該事件年初至今營業收入爲680萬美元,調整後EBITDA爲負330萬美元。XBP歐洲保持足夠的流動性,擁有780萬美元現金,並通過擔保融資渠道獲得額外資金,包括1500萬歐元的保理融資。
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