SEVEN PRINCIPLES AG (7P) reports another profitable and successful financial year in 2024.
With consolidated sales of approximately EUR 66.2 million (2023: EUR 71.0 million), the company generated EBITDA of EUR 2.3 million (2023: EUR 1.8 million), EBIT of EUR 1.6 million (2023: EUR 1.0 million), and consolidated net income of EUR 1.4 million (2023: EUR 1.2 million). Financial debt was fully repaid over the course of the year. The annual forecast raised in September 2024 was fully met.
2024 marked the second consecutive recessionary year in Germany, which was reflected in the development of IT budgets and our customers’ willingness to invest. The economy is also expected to stagnate at best in 2025 – accordingly, we maintain a conservative outlook on future investment activity within our customer base. 7P will continue its transformation and – supported by a significantly improved balance sheet – expects another profitable and successful financial year in 2025.
The 2024 Annual Report is available for download on the website www.7p-group.com in the Investor Relations section.
Enabling Your Digital Business: The SEVEN PRINCIPLES Group, headquartered in Cologne, offers innovative IT services supporting the digitalisation of business models and processes. The range of services covers the entire IT value chain from process and architecture consulting, software development and system integration to managed services. The company was founded in 1998 and is now a group with around 360 employees working at ten locations in Germany and throughout Europe.
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.
