Raketech Group Holding Plc (“Raketech” or “the Company”), today announced that the Company has reached an agreement to divest its non-core US advisory business. The total sale proceeds amount to USD 2.25 million settled partially on closing and via an ongoing revenue share agreement.
QUOTE FROM JOHAN SVENSSON, ACTING CEO“In the first quarter of 2024, we delivered EUR 19.0 million in revenues, representing an organic increase of 20.1%, primarily driven by Sub-affiliation. Adjusted EBITDA…
After careful consideration and in order to best serve the business’s needs, increase the company’s long-term financial flexibility, and serve the long-term interests of both the company and its shareholders, the Raketech Board of Directors has decided to withdraw its previously announced proposal to the Annual General Meeting on 16 May 2024 to distribute dividends in 2024.
Raketech Group Holding Plc (Nasdaq: RAKE) today issued preliminary results for the first quarter 2024 and revised its guidance for the full year 2024.
February 21, 2024 – Raketech Group Holding Plc (Nasdaq: RAKE) today announced the fourth quarter report for 2023 in line with previously increased guidance, with a total revenue of EUR 22.8 million and an organic growth of 45.3% Y/Y. The full-year 2023 revenue amounted to EUR 77.7 million and an organic growth of 47.6%. Raketech also updates guidance for 2024, where EBITDA is expected to come in between EUR 24-26 million.
The Board of Directors of Raketech and Oskar Mühlbach have jointly agreed that Mühlbach will leave his role as CEO, due to different views on the strategic direction of the company. Co-founder and former Board member Johan Svensson will take on the role as Acting CEO until a new permanent CEO has been appointed.
November 15, 2023 – Raketech Group Holding Plc (Nasdaq: RAKE), today announced the third quarter interim report in line with the increased trading update from July 24th with a total revenue of EUR 21.5 million and an organic growth of 66% Y/Y, adjusted EBITDA grew by 16.5% Y/Y to EUR 5.6 million. The company is expected to close 2023 in line with previously increased guidance of EBITDA at EUR 23-25 million as well as net cash flow in the interval of EUR 13-15 million, while beating guidance with regards to revenue of EUR 65-70 million.
QUOTE FROM OSKAR MÜHLBACH, CEO “Raketech continued to deliver strong growth during the second quarter of 2023, with total revenues of EUR 17.6 million, another all-time high for the group,…
Raketech Group Holding p.l.c. (the “Company”) today issued preliminary results for the second quarter and revised its guidance for the full year 2023.
QUOTE FROM OSKAR MÜHLBACH, CEO “2023 started on a strong note for Raketech, with revenues totaling EUR 15.8 million, which is a new all-time high for the group, corresponding to…
QUOTE FROM OSKAR MÜHLBACH, CEO“2022 ended with a strong quarter for Raketech, with revenues totalling EUR 15.7 million, corresponding to 32.5% growth, compared to the same quarter last year. For…
To better reflect Raketech’s current business mix, the Board of directors has today decided to replace the current financial targets with a more detailed near-term guidance for revenues, EBITDA and…
