Transcom Holding AB (publ): First quarter report 2024
Q1 2024 highlights · Revenue decreased to 189.1M€ (192.8) · EBITDA excluding non-recurring items decreased to 21.9M€ (25.5) · EBITDA margin excluding non-recurring items amounted to 11.6% (13.2%) · Operating cash flow amounted to 18.8M€ (17.9) · Net debt/EBITDA amounted to 4.0 (3.4) Comments by the CEO: Subdued start of the year, as expected Transcom's performance in the first quarter of 2024 was subdued as expected, with a slight decline in revenue of -1.9% (comparable organic development of -0.6% excluding exited business in Spain). EBITDA margin was 11.6%. While