Company Announcement No. 38 -2023
OrderYOYO A/S
Inside Information
Highlights
Strong performance in Q4 2022 with ARR of
Performance significantly above the original consolidated guidance as of
2023 guidance raised. December ARR guidance raised to
December annualised GMV of
Unaudited net revenue of
Full-year EBITDA to be released following auditing, however, EBITDA expected to be just below zero in the upper end of the raised guidance interval of
Merger with app smart still progressing according to plan with the realization of the expected benefits
Capital base as planned and sufficient to realise OrderYOYO strategy
Financial Highlights
| Consolidated | ||
(DKKm) | 2022 | 2021 | Growth (%) |
Annual Recurring Revenue (ARR - Annualized December MRR) | 212 | 173 | 23% |
GMV (Annualized December GMV) | 2,227 | 2,066 | 8% |
Pro forma Net Revenue (app smart consolidated full year) | 184 | 165 | 12% |
Accounting Net Revenue (app smart only consolidated in H2 2022) | 148 | 108 | nm |
** Annualized December ARR of
** Full year Net revenue of
** Annualized December GMV of
** Positive EBITDA trend from Q3 2022 continued in Q4 2022. Positive EBITDA before other external costs for H2 2022 of around
** Audited full year Net Revenue and EBITDA will be released together with the annual report to be released
Merger with app smart develops according to plan
** The OrderYOYO and app smart combination announced at the end of H1 2022 creates the largest restaurant liberator in
** It is the combination of two market leaders and extends the number of market leading positions in
** The integration of the two companies is progressing as planned and all the expected benefits of merging the two companies has been proven. The two companies share the same vision, mission, and market approach, and the combination has been a strong cultural fit. All reasons for strong merger improvements already experienced
** The combined entity is taking market share in all markets
Consolidated 2023 guidance raised
**
** Net Revenue 2023 guidance is raised from
** EBITDA before other external costs full-year 2023 guidance is raised from
**
| 2023 Guidance | |
(DKKm) | Current (October) | Updated |
215-230 | 220-235 | |
2,200-2,400 | 2,300-2,500 | |
Net Revenue 2023 | 190-205 | 195-210 |
EBITDA before other extraordinary items 2023 | 5-15 | 10-15 |
New Chairman to be appointed on extraordinary general assembly
Following the passing of
In addition, Victor is an active investor in the European and North American technology ecosystem and is passionate about entrepreneurship, growth, and innovation.
With OrderYOYO's strong consolidation agenda, Victor brings valuable insights and knowledge to OrderYOYO. In addition, he brings strong knowledge and relationships with the international software industry in general, both in
The board of directors would like to give Victor a warm welcome and both the board of directors and the senior management team look forward to working together with him.
Conference call
The 2022 Commercial Update will be presented at an online conference call on
Register for the conference call at:
https://www.inderes.dk/videos/orderyoyo-current-trading-update-q4-2022
For additional information, please contact
OrderYOYO A/S
Mobile (+45) 21 67 84 92
Email jesper.johansen@orderyoyo.com
OrderYOYO A/S Masnedøgade 26, 2100 Copenhagen Ø
Certified Advisor
Mobile (+45) 31 79 90 00
Grant Thornton Stockholmsgade 45, 2100 Copenhagen Ø
About OrderYOYO
OrderYOYO is the market leading European online ordering, payment, and marketing software solution provider. OrderYOYO's solution is offered as Software-as-a-Service (SaaS) and enables small independent takeaway restaurants to have their own-branded online presence direct to consumers. OrderYOYO helps takeaway restaurants drive online takeaway orders through their own tailored software solution in the individual takeaway restaurant's own brand. We liberate restaurants.
https://news.cision.com/orderyoyo-a-s/r/2022-commercial-update-for-orderyoyo-a-s,c3696322
https://mb.cision.com/Public/20605/3696322/be2812dcee9b7a16.pdf
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