Forecast for 2022 and revised financial targets with increased focus on organic EBITDA growth
The Board of Acroud AB (publ) has decided to provide the market with its forecast for FY2022, and update the Company's financial objectives to reflect the new leaner business and align with Acroud's reshaped structure. Through various strategic acquisitions and decisions executed during 2021, Acroud has been transformed from a conventional player with comparison sites into a powerful ecosystem offering not only iGaming affiliation services but also B2B SaaS solutions. Acroud now has a new solid foundation to rewrite its story.
Forecast for FY2022
Following the strong start to 2022, Acroud is expected to reach between EUR 8 million and EUR 10 million in EBITDA during the year. EBITDA during 2021 amounted to EUR 4.7 million.
New Financial Targets
With the new foundation in place, Acroud’s board of directors has set new financial targets:
- To grow EBITDA organically by 20%, on average, annually during the financial years 2023 - 2025, and
- Decrease the net interest-bearing debt/adjusted EBITDA to a maximum of 2.5x by December 2025.
Acroud aims to grow its revenue organically at an efficient cost base to ensure consistent and sustainable EBITDA growth. Additionally, operations will be conducted at low financial risk by decreasing net debt to 2.5x by the end of FY2025.
Acroud’s new financial objectives should not be considered as a forecast, but rather as the ambition that the board of directors and management believe to be reasonable long-term expectations for Acroud.
Dividend policy
The dividend policy remains unchanged. Over the next few years, Acroud will continue to prioritise lower net debt, good liquidity and internal growth investments above dividends.
Responsible parties
This information constitutes inside information that Acroud AB (publ) is required to disclose under the EU Market Abuse Regulation 596/2014. The information in this press release has been published through the agency of the contact persons below, at the time specified by Acroud AB’s (publ) news distributor Cision for publication of this press release. The persons below may also be contacted for further information.
For further information, please contact:
Robert Andersson, President and CEO
+356 9999 8017
Roderick Attard, CFO
+356 79254722
ACROUD AB (publ)
Telephone: +356 2132 3750/1
E-mail: [email protected]
Website: www.acroud.com
From August 2021 (Q221 Report) report Acroud has changed reporting and company language to English. This means that onwards press releases will only be communicated in English. However, Interim Reports and the correlated press releases will be issued in both English and Swedish, with the English version superseding the Swedish version.
About ACROUD AB
ACROUD is a fast-moving challenger in the space of iGaming Affiliation and B2B SaaS Solutions. Along with its core affiliate business, which contains 30+ comparison and news sites under strong digital brands in multiple verticals, Acroud develops and offers SaaS (Software as a Service) solutions within the affiliate industry. The company also provides streaming services and runs the innovative gaming event – The Festival Series. Following a number of mergers in 2020 and 2021, many talented industry experts have joined Acroud's journey, leading the organization towards a Software-Based Affiliation company. Driven by the sustainable growth and profitability of our partners, our mission is to connect People, Content Creators (Youtubers, Streamers, Affiliates) and Businesses.
Acroud has been listed on the Nasdaq First North Growth Market under the ticker symbol ACROUD since June 2018. The appointed Certified Adviser is FNCA Sweden AB, [email protected], +46 8 528 00 399.