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8-K: XBP Europe Holdings, Inc. Reports Fourth Quarter and Full Year 2024 Results

8-K: XBP Europe Holdings, Inc. Reports Fourth Quarter and Full Year 2024 Results

8-K:XBP 歐洲控股公司公佈2024年第四季度和全年業績
美股SEC公告 ·  03/19 21:31

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XBP Europe reported FY2024 revenue of $142.8M, down 8.0% YoY, while achieving improved profitability with operating profit increasing by $2.4M to $3.5M. Gross margin expanded 110 basis points to 26.8%, driven by cost optimization and operational leverage. The company's Bills & Payments segment contributed 71.3% of total revenue, while the Technology segment accounted for 28.7%.Q4 2024 showed sequential improvement with revenue of $35.6M, up 0.7% QoQ, marking two consecutive quarters of growth. The quarter benefited from approximately $25M of active project ramp-ups, including the recent go-live of His Majesty's Passport Office project. Gross margin in Q4 improved significantly to 28.3%, up 480 basis points YoY.The company announced entering into an exclusive, non-binding letter of intent to acquire Exela Technologies BPA, LLC, a potentially transformational deal that could expand XBP Europe's revenue to approximately $1 billion annually from the current $145 million on a pro forma basis. The company maintained adequate liquidity with cash and cash equivalents of $12.1M as of December 31, 2024.
XBP Europe reported FY2024 revenue of $142.8M, down 8.0% YoY, while achieving improved profitability with operating profit increasing by $2.4M to $3.5M. Gross margin expanded 110 basis points to 26.8%, driven by cost optimization and operational leverage. The company's Bills & Payments segment contributed 71.3% of total revenue, while the Technology segment accounted for 28.7%.Q4 2024 showed sequential improvement with revenue of $35.6M, up 0.7% QoQ, marking two consecutive quarters of growth. The quarter benefited from approximately $25M of active project ramp-ups, including the recent go-live of His Majesty's Passport Office project. Gross margin in Q4 improved significantly to 28.3%, up 480 basis points YoY.The company announced entering into an exclusive, non-binding letter of intent to acquire Exela Technologies BPA, LLC, a potentially transformational deal that could expand XBP Europe's revenue to approximately $1 billion annually from the current $145 million on a pro forma basis. The company maintained adequate liquidity with cash and cash equivalents of $12.1M as of December 31, 2024.
XBP 歐洲報告了2024財年的營業收入爲14280萬,較去年下降8.0%,同時實現了盈利能力的改善,營業利潤從240萬增加到350萬。毛利率提高了110個點子,達到了26.8%,這得益於成本優化和運營槓桿。公司的賬單與支付部門貢獻了總營業收入的71.3%,而科技部門佔28.7%。2024年第四季度顯示出順序改善,營業收入爲3560萬,環比增長0.7%,標誌着連續兩個季度的增長。本季度受益於約2500萬的活躍項目提升,包括最近啓動的陛下護照辦公室項目。第四季度的毛利率顯著提升至28.3%,同比上升480個點子。公司宣佈簽署了一份排他性、非約束性的意向書,以收購Exela Technologies BPA, LLC,這可能是一個具有變革性的交易,按假設基準可將XBP 歐洲的營業收入從目前的14500萬擴大至約10億每年。截止至2024年12月31日,公司保持了足夠的流動性,現金及現金等價物爲1210萬。
XBP 歐洲報告了2024財年的營業收入爲14280萬,較去年下降8.0%,同時實現了盈利能力的改善,營業利潤從240萬增加到350萬。毛利率提高了110個點子,達到了26.8%,這得益於成本優化和運營槓桿。公司的賬單與支付部門貢獻了總營業收入的71.3%,而科技部門佔28.7%。2024年第四季度顯示出順序改善,營業收入爲3560萬,環比增長0.7%,標誌着連續兩個季度的增長。本季度受益於約2500萬的活躍項目提升,包括最近啓動的陛下護照辦公室項目。第四季度的毛利率顯著提升至28.3%,同比上升480個點子。公司宣佈簽署了一份排他性、非約束性的意向書,以收購Exela Technologies BPA, LLC,這可能是一個具有變革性的交易,按假設基準可將XBP 歐洲的營業收入從目前的14500萬擴大至約10億每年。截止至2024年12月31日,公司保持了足夠的流動性,現金及現金等價物爲1210萬。
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