SEVEN PRINCIPLES AG (7P), a German IT consulting and services company with a focus on the digitalization of business processes, has made a solid start to the new year 2024 after a difficult financial year 2023.
According to unaudited quarterly results, the company, which is currently undergoing transformation, generated consolidated revenue of around EUR 17.4 million in the first quarter of 2024 (Q1/2023: around EUR 22.1 million) and gross profit of around EUR 10.4 million (Q1/2023: around EUR 11.6 million). Once again, the company generated positive EBIT of around EUR 0.5 million in this quarter (Q1/2023: around EUR 0.8 million). In addition, the company used its strong cash flow to repay all remaining loans in May and has thus been operating free of financial debt since the beginning of June.
Given the first quarter, Seven Principles remains optimistic about the rest of the financial year and is sticking to its forecast for the year.
Enabling Your Digital Business: For SEVEN PRINCIPLES AG, headquartered in Cologne, this means standing by your side and realising your digital business models. Our three subsidiaries, Seven Principles Solutions & Consulting GmbH, Seven Principles Mobility GmbH and intomarkets GmbH have made it their mission to make your business more sustainable and digital. We help you through your digital transformation. With around 400 colleagues working at several locations in Germany and throughout Europe, we provide innovative IT solutions.
Important note: This announcement constitutes neither an offer to sell nor a solicitation of an offer to buy or to subscribe for securities. This communication does not constitute a securities prospectus. This communication and the information contained in it are not for distribution, directly or indirectly, within or into the United States of America, Canada, Australia or Japan.
