Digital Workforce Services Plc: Quarterly comparative figures 2023

Company Announcement April 26, 2024 at 9am EEST

Quarterly comparative figures 2023

Digital Workforce announced in the financial calendar on 20 December 2023 that it will in the future publish quarterly business reviews in addition to the half-yearly and annual publications. Business reviews will be published for the periods 1 January to 31 March and 1 July to 30 September. The review for the period 1 January to 31 March 2024 will be published on 3 May 2024.

Digital Workforce is now publishing comparative figures for the key figures that will be reported in future business reviews. The quarterly figures are unaudited.

Quarterly Key Figures 2023

1 000 euros	1-3/2023	4-6/2023	7-9/2023	10-12/2023
Net sales	6 513	6 077	5 955	6 374
Professional Services net sales	2 608	2 368	2 197	2 520
Continuous Services net sales	3 905	3 710	3 758	3 854
Continuous Services' share of net sales	60,0 %	61,0 %	63,1 %	60,5 %
Gross profit	2 332	1 980	2 002	1 912
% of net sales	35,8 %	32,6 %	33,6 %	30,0 %
EBITDA	253	-114	-74	-716
% of net sales	3,9 %	-1,9 %	-1,2 %	-11,2 %
EBITDA adj. *	253	55	91	-244
% of net sales	3,9 %	0,9 %	1,5 %	-3,8 %
EBIT	211	-174	-120	-761
% of net sales	3,2 %	-2,9 %	-2,0 %	-11,9 %
Net income	90	98	-43	-842
EPS, eur	0,01	0,01	0,00	-0,07
Personnel at the end of the period	194	179	185	177
Average number of personnel	192	186	184	182

* The EBITDA adjustment consists of restructuring costs in 2023.

Formulas for calculating key figures

Professional Services net sales	Professional Services net sales (including Other revenue)
Continuous Services net sales	Continuous Services net sales
Share of recurring revenue	Continuous Services sales as percentage of Group sales
Gross profit	Net sales - materials and services, and direct personnel costs
Gross margin %	Gross profit as percentage of net sales
EBITDA	Operating profit before depreciation and amortization
EBITDA margin	EBITDA as percentage of net sales
EBITDA adj.	Operating profit - non-recurring items that differ from business operations
EBITDA adj. margin	EBITDA adj as percentage of net sales
EBIT	Profit before income taxes, finance income and finance costs (operating profit)
EBIT margin	EBIT as percentage of sales
EPS	Net income divided by shares outstanding
Average number of personnel	Sum of end-of-month employees divided by number of months during the period

For further information, please contact:

Jussi Vasama, CEO, Digital Workforce Services Plc, Tel. +358 50 380 9893

Certified advisor 

Aktia Alexander Corporate Finance Oy, Tel. +358 50 520 4098