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…
QUOTE FROM OSKAR MÜHLBACH, CEO “As expected, activity picked up during the third quarter, driven by seasonality and a continuous positive momentum within our core affiliation segment as well as…
QUOTE FROM OSKAR MÜHLBACH, CEO“Q2 of 2022 was yet another stable quarter for Raketech Group. Our core portfolio of affiliation marketing assets delivered results in line with Q1, despite challenging…
QUOTE FROM OSKAR MÜHLBACH, CEO“The first quarter of 2022 was yet another revenue record for Raketech Group, much thanks to our recent ATS acquisition that contributed with substantial and important…
QUOTE FROM OSKAR MÜHLBACH, CEO“The fourth and final quarter of 2021 was a strong quarter for Raketech, and I am happy to see that we have continued to deliver on…
QUOTE FROM OSKAR MÜHLBACH, CEO“Q3 of 2021 was another operationally and financially strong quarter for Raketech. Total revenues amounted to EUR 9.6m which is a new all-time high, corresponding to…
