Genexis Group presents Q1 2024 financial report
Genexis Group’s net consolidated sales Q1 2024 were EUR 19.0 million, up by EUR 3.7 million from Q4 2023 and slightly behind the EUR 20.4 million in Q1 2023The consolidated adjusted EBITDA of Q1 was EUR 3.1 million (EUR 2.1 million Q1 2023), and the operating cash flow was positive. Operating Expenses continued to decrease during Q1, the result of the cost-reduction initiatives executed in 2023. Most of the cost synergies have now come into effect, as expected. “We see a continuous increase of our sales funnel for the year and see a large base of our smaller customers forecasting