Trifork Holding AG Annual Financial Report |
Trifork Group - 2023 annual report and interim report for the quarter ending 31 December 2023 Company announcement no. 12 / 2024 Schindellegi, Switzerland - 28 February 2024 Trifork Group reports revenue growth of 12.4% for 2023 and 10.4% in Q4 2023 Full-year 2023
Fourth quarter 2023
Comment from CEO Jørn Larsen: "2023 was a challenging year for Trifork and our industry colleagues. Despite a slower business environment, I am happy to see that we maintained double-digit revenue growth with good profitability. There are still plenty of growth opportunities for an innovative company like Trifork in the current state of the market. That is why we invested in business development throughout the year, even though this reduced our margins on Build revenue. Our 72 business units have increased their outreach, leading to more active engagements with new customers. At the same time, our business units continued pursuing the strategy of becoming an even closer innovation partner to our existing and loyal customers. In the coming years, our customers will need to continuously improve their offering with technology and data insights, reduce their costs and environmental footprint, and comply with new data and cybersecurity regulations. I believe our strong capabilities across the technology landscape - from design- and ERP-optimized mobile applications to AI and security operations - will take us further in 2024. That is also why we expect our profitable growth journey to continue." Financial outlook for 2024
Mid-term financial targets The mid-term financial targets (average over a rolling three-year period) remain unchanged:
Main events in 2023
Results presentation Trifork will host a results presentation and Q&A session with CEO Jørn Larsen and CFO Kristian Wulf-Andersen today, 28 February 2024 at 11:00 CET in a live webcast that can be accessed via the following link: https://trifork.zoom.us/j/98723267006?pwd=T1ZoN1Y1cExvRU1KaCtxdkpLQXBEZz09 A recording will be made available on our investor website. More information can be found at https://investor.trifork.com/events/. For more information, please contact: Investors Frederik Svanholm, Group Investment Director & Head of Investor Relations frsv@trifork.com, +41 79 357 7317 Kristian Dollerup, CCO Trifork Smart Enterprise & Investor Relations kdo@trifork.com, +41 76 561 1256 Media Peter Rørsgaard, CCO Fintech & Head of Press Relations pro@trifork.com, +45 2042 2494 About Trifork Trifork is a global NextGen IT group that develops innovative software solutions in collaboration with its customers. The group has more than 1,200 employees across 72 business units in 15 countries. Trifork works in six business areas: Digital Health, FinTech, Smart Building, Smart Enterprise, Cloud Operations, and Cyber Protection. Trifork's research and development takes place in Trifork Labs, where Trifork continuously invests in and develops technology companies. Trifork owns and operates the software conference brands GOTO and YOW! and the global GOTO tech community with more than 62 million video views online. Trifork Holding AG is a publicly listed company on Nasdaq Copenhagen. Learn more at trifork.com. |