CYBER1 - Cyber Security in growth markets - Mangold Insight Analysis
Mangold updates Cyber Security 1 ("CYBER1") after the third quarter of 2023. CYBER1’s revenue increased to EUR 33.9 (30.6) million in the first nine months of the year compared to the same period last year. That represents a growth rate of 10.9 percent. Mangold has chosen to adjust down the growth rate given a lower growth than expected. Gross profit increased to EUR 7.3 (6.0) million during the same period, which corresponds to an increase of 22 percent. EBITDA amounted to EUR -0.76 (-2.61) million, which is a significant improvement over the previous year. However, it is lower than