Better Collective has revealed its preliminary unaudited financials for 2024. The company reports strong revenue growth and cost efficiency improvements. Better Collective EBITDA has exceeded the latest financial guidance, reflecting an earlier-than-expected impact from cost-saving measures.
- Revenue for the full year stands at €371M, aligning with the upper end of the revised guidance of €355-375M. The company continues to benefit from sustained business growth.
- Better Collective EBITDA before special items reached €113M, surpassing the target range of €100-110M. This growth is attributed to both high-end revenue performance and cost savings.
- Net debt of Better Collective EBITDA before special items remains below 3x, in line with the company’s financial targets. Maintaining this ratio ensures financial stability and future investment capacity.
- Cost efficiency measures of €50M took effect earlier than anticipated, contributing to the EBITDA increase. This initiative was a key factor in exceeding financial expectations.
- Regulatory filing No. 1/2025 confirms the strong financial performance. A full detailed report is expected with the final audited results.
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