EQS News: Binect AG: HALF-YEAR REPORT PUBLISHED – CONTINUED ON GROWTH PATH; AGAIN STRONG LARGE CUSTOMER BUSINESS
EQS News: Binect AG / Key word(s): Half-Year Report/Half-Year Results BINECT AG: HALF-YEAR REPORT PUBLISHED - CONTINUED ON GROWTH PATH; STRONG LARGE CUSTOMER BUSINESS AGAIN 18.09.2025 / 08:51 CET/CEST The issuer is solely responsible for the content of this announcement. Binect AG: HALF-YEAR REPORT PUBLISHED - CONTINUED ON GROWTH PATH; AGAIN STRONG LARGE CUSTOMER BUSINESS
Sales, earnings and asset situation Overall, consolidated revenue increased to EUR 10,984 thousand in the first half of 2025 (H1 2024: EUR 9,184 thousand). This represents an increase of 19.6% compared to the same period of the previous year. Sales from major customers were significantly above target, while sales in the standard business were below target in the reporting period. The realized new business growth was offset by the loss of a high-volume customer in the previous fiscal year, so that revenue growth in the SME business was lower than expected at 1.5% to EUR 5,443 thousand (H1 2024: EUR 5,355 thousand). At 49%, the share of SME products in total revenue in the first half of 2025 was below the previous year's figure (H1 2024: 57%). Two developments can be observed on the cost side: Firstly, the revenue mix realized in the first half of 2025 led to a changed margin mix. In particular, the significant expansion of business with AOK Niedersachsen led to a disproportionate increase in material costs, which primarily consist of the purchase of printing and delivery services. Secondly, personnel costs decreased despite the significant increase in revenue due to the significantly improved automation and scaling options resulting from "Project ONE." Overall, these effects had a positive impact on EBITDA, which improved by EUR 98 thousand to EUR 338 thousand in the reporting period (H1 2024: EUR 240 thousand). EBIT improved by EUR 87 thousand to -EUR 29 thousand (H1 2024: -EUR 116 thousand). The consolidated net loss, excluding deferred taxes, which are only determined at the end of the financial year, amounted to EUR -47 thousand (H1 2024: EUR -124 thousand). This represents an improvement of EUR 77 thousand, despite the reduction in the amount of own work capitalized by EUR 46 thousand. Binect AG remains financially sound. Cash flow from operating activities was positive at EUR 118 thousand in the first half of 2025 (H1 2024: EUR 13 thousand). Total cash flow after investing and financing activities amounted to EUR -56 thousand in the reporting period (H1 2024: EUR -201 thousand). Cash and cash equivalents thus totaled EUR 2,260 thousand as of June 30, 2025 (December 31, 2024: EUR 2,316 thousand) and the equity ratio improved to 72.7% (December 31, 2024: 61.6%) due to the significant decline in total assets.outlook In the first half of 2025, Binect AG increased revenue more significantly than expected and also improved EBITDA despite the difficult overall economic environment. This successful development is expected to continue in the second half of the year, with a key focus on achieving stronger growth in the strategic SME business than recently through the "Product-Led Growth" approach launched with Binect ONE. Targeted, sales-supported upselling is intended to increasingly convert new customers from the lower market segment into high-volume medium and enterprise customers. However, the market environment remains extremely volatile; economic uncertainty and the economic challenges facing many SMEs make the further business performance of 2025 difficult to predict for SMEs. With its business model geared towards various market segments, Binect continues to succeed in winning new, long-term (large-scale) customer orders despite the aforementioned challenges. Larger tender customers acquired in the last fiscal year are also reporting increasing shipment volumes, and the onboarding backlog that still existed at the beginning of the year is gradually dissipating. Furthermore, the current strategic initiatives to further develop the offering toward a (ONE!) platform for input and output (management of incoming and outgoing documents) and digital AI-supported value-added services demonstrate that Binect is becoming increasingly interesting for strategic partnerships that allow digital value-added services to be implemented relatively easily on the ONE platform. Discussions with potential partners offering complementary services are ongoing. Based on the development to date in all business areas, as well as taking into account the aforementioned challenges and the unpredictability of bulk mailings by major customers in the year-end business, the Management Board currently adheres to its original forecast for the full year. This forecast envisages revenue growth of 2.5 to 5% with a disproportionately high increase in EBITDA. Binect management will closely monitor developments, consistently pursue strategic direction, and take all necessary measures to achieve the company's short- and long-term goals. The full 2025 Half-Year Report is available for download on Binect's website at www.binect.com. The Management Board will present the figures in a conference call today at 11:00 a.m. (CEST).18.09.2025 CET/CEST Publication of a Corporate News/Financial News, transmitted by EQS News - a service of the EQS Group. The issuer is solely responsible for the content of this announcement. EQS Distribution Services include regulatory announcements, corporate/financial news and press releases. Media archive at https://eqs-news.com |
| Language: | German |
| Company: | Binect AG |
| Brunnenweg 17 | |
| 64331 Weiterstadt | |
| Germany | |
| Phone: | +49 (0)6151 9067-0 |
| Fax: | +49 (0)6151 9067-295 |
| E-mail: | [email protected] |
| Internet: | www.binect.com |
| ISIN: | DE000A3H2135 |
| WKN: | A3H213 |
| Stock exchanges: | Open market in Berlin, Düsseldorf, Frankfurt (Basic Board), Hamburg, Munich, Tradegate Exchange |
| EQS News ID: | 2199478 |
| End of message | / EQS News Service |
2199478 18.09.2025 CET/CEST
© 2025 EQS Group
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