Press contact: Helgrid Jenne

SEVEN PRINCIPLES AG (7P), a German IT consulting and services company focusing on the digitalisation of business processes, has made a solid start to the new year 2024 after a difficult 2023 financial year.

According to unaudited quarterly results, the company, which is currently undergoing transformation, generated consolidated revenue of approximately EUR 17.4 million (Q1/2023: approximately EUR 22.1 million) and gross profit of approximately EUR 10.4 million (Q1/2023: approx. EUR 11.6 million) in the first quarter of 2024. Once again, positive EBIT of around EUR 0.5 million (Q1/2023: approx. EUR 0.8 million) was generated in this quarter. In addition, the company used its strong cash flow to repay all remaining loans in May and has thus been operating debt-free since the beginning of June.

Against the backdrop of the first quarter, Seven Principles remains optimistic about the rest of the financial year and is sticking to its annual forecast.