TIE Kinetix boosts 2023 order intake with 2022 high growth strategy
TIE Kinetix, a leader in 100% supply chain digitalization holds it 2022 Annual General meeting of Shareholders today.
Today, on the 2022 AGM, TIE Kinetix announces that the 2022 high growth strategy results in significantly higher Order Intake. Order Intake for the first 5 months of 2023 (period October 1, 2022 – February 28, 2023) has increased by more than 100% from € 4.2 million (2022) to € 8.6 (2023). The company sees this as a confirmation of the success of its new strategy. Investments in newly formed ‘Customer Success’ teams are paying off through additional sales with existing customers, whereas sales to new business accounts have significantly increased through the revised channel strategy. The company expects that the accelerated growth in Order Intake will become visible in higher SaaS revenues in the second half of 2023 and beyond.
Following the strategic changes initiated in fiscal year 2022, the Company operates as a 100% SaaS (Software as a Service) company, with a focus on long term subscription contracts and annual recurring revenues. In 2022, the Company stepped up its expenditures and investments in marketing, sales, and onboarding to lay the foundation for accelerated growth in all its markets. Increased expenditures in 2022 was visible in increasing staff levels, as well as certain one-off costs for recruitment costs, marketing and projects.
For more information please contact:
TIE Kinetix N.V.
Michiel Wolfswinkel (CFO)
De Corridor 5d
3621 ZA Breukelen
T: +31-88-369-8000 (Europe) or 1-800-624-6354 (USA)
E: Michiel.Wolfswinkel@TIEKinetix.com
W: www.TIEKinetix.com
About TIE Kinetix
At TIE Kinetix, we help companies of all sizes achieve their digitalization goals. From 1% to 100% or anywhere in between, our cloud-native FLOW Partner Automation platform is designed to completely eliminate paper from the supply chain, enabling our customers to focus on three corporate initiatives that drive true organizational change: business process efficiency, compliance, and corporate social responsibility (CSR).
We believe that digitalization (not digitization) is the future. We believe in conscious development, and we believe in moving ourselves and our customers forward. More than 2,500 companies have chosen TIE Kinetix to support their EDI, e-invoicing, and general digitalization projects, and we proudly facilitate the exchange of over 81 million documents through FLOW each year—the equivalent of 10,000 trees saved.
Founded in 1987, TIE Kinetix is a public company (Euronext: TIE) with offices in the Netherlands (HQ), France, Germany, Australia, and the United States. For more information, visit www.TIEKinetix.com, and follow us on Linkedin, Twitter, Facebook, Xing, and YouTube.
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