Total operating revenue triples to EUR 1.7 million in 2021(+300%)
EBITDA of approx. 260 TEUR with approx. 21 EBITDA margin
Acquisition of elastic.io on track for success
Publication of annual report planned for April 2022
Cogia achieves positive EBITDA due to strong increase in overall management
cogia AG (ISIN DE000A3H2226), a specialist for AI-based solutions in the areas of Big Data Analytics, customer satisfaction and media monitoring, announces preliminary and as yet unaudited consolidated figures for 2021. Following the majority acquisition of elastic.io at the end of 2021, total operating revenue for the full year was approximately EUR 1.7 million (previous year EUR 0.6 million). Preliminary earnings before interest, taxes, depreciation and amortization (EBITDA) amount to approximately EUR 260 thousand. The EBITDA margin is thus approx. 21% in relation to sales.
According to preliminary figures, the business development in 2021 is thus above the expectations of the published research reports.
Successful acquisition of majority stake in elastic.io GmbH, Bonn, Germany
As part of the pursued growth strategy, cogia AG acquired a majority share in elastic.io GmbH in September 2021. The new colleagues were integrated quickly and are now expanding cogia AG's range of products and services. The acquired part of the business contributed to the overall performance and earnings as of 01.09.2021.
Cogia continues to pursue growth path
The Executive Board continues to see enormous growth potential for future business development. The general conditions in the IT industry remain favorable, and demand for the products offered is unbroken. The focus in the coming years will be on both organic and inorganic growth. In this context, the integration of the acquired targets into the existing cogia Group is of great importance. Growth is to be financed by a mix of equity and debt.