OrderYOYO: The strong momentum continues - ABG

Updating estimates after full release of H1 numbers
More guidance upgrades possible + M&A increasingly likely
FVR reiterated at DKK 6-14


Q2 headline figures already announced in July trading report

OrderYOYO delivered solid 23% ARR and 28% revenue growth y-o-y in H1, coupled with significant improvements in profitability. The adj. EBITDA margin was up 7pp y-o-y to 15%, while cash EBITDA of DKK 10m continued its steep upward trajectory. The FY'24 guidance was, not surprisingly, also reiterated after being raised in July.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/orderyoyo/Equity-research/2024/8/orderyoyo---the-strong-momentum-continues/