Planisware: 18% sales growth in Q1
(CercleFinance.com) - Software publisher Planisware has announced an 18.
5% increase in total sales to 40.9 million euros for the first quarter of 2024, mainly driven by the continued success of its SaaS platform.
At constant exchange rates, sales growth reached 19.6%, in line with the company's expected trajectory for the year, including a 26.2% increase in recurring sales (91% of the total), driven by the SaaS offering.
On the strength of this performance, Planisware confirms its 2024 targets, namely sales growth at constant exchange rates of around 19.5%, an adjusted EBITDA margin of around 33%, and a cash conversion ratio of around 80%.
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