Genexis Group presents Q3 2024 financial report (correction)

This is an update of our press release, distributed on Nov 22, 09.00 CET. The text was difficult to read, due to a problem in the distribution system.

Genexis Group’s net sales Q3 2024 were EUR 16.2 million, EUR 0.9 million higher than Q3 2023. Order intake was EUR 14.8 million, EUR 4.7 million above Q3 2023.

The consolidated adjusted EBITDA for Q3 was EUR 2.8 million (EUR 2.2 million Q3 2023), and the operating cash flow after investment activities in Q3 2024 was EUR -0.3 million.

“The market was stable in our core regions, however still showing limited signs of recovery in the short term. Our volumes and revenue increased year-over year, and gross margins were good, partly due to good software sales and partly due to positive geographic mix effect” says Genexis Group CEO Gerlas van den Hoven. “Our geographical expansion in the UK and North America continues and feedback on our offerings is very positive.

During the quarter we signed one new customer in the USA, and we expect several engagements converting to tangible business in 2025”. During the quarter Genexis was awarded a prestigious Gold Medal from Eco Vadis for the second consecutive year. The achievement, where the company moved to top 2% in the industry from top 4% 2023, underlines Genexis’ dedication to sustainability and being a frontrunner in our industry.

You find the complete report on the Genexis website

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