Brief: Invibes Advertising FY Organic Revenue Up At EUR 23.3 Mln

Invibes Advertising NV

17/01/2022 17:10

Jan 17 (Reuters) - INVIBES ADVERTISING NV  ALINV.PA :
    * EXCEEDS TARGETS BY DOUBLING ORGANIC REVENUES IN 2021 TO
EUR 23.3
MILLION
    * IN 2021, INVIBES ADVERTISING DOUBLED ITS ORGANIC REVENUE
VERSUS.
2020, TO €23.3M, AN OVERACHIEVEMENT OF ITS 2021 TARGET OF €22M
    * THIS INCREASED VISIBILITY OF ITS MODEL ALLOWS THE COMPANY
TO BE
CONFIDENT IN ACHIEVING A POSITIVE EBITDA FOR THE FISCAL YEAR
2021
    * OVER NEXT FEW YEARS, FULLY EXPECTS TO CONTINUE ITS GROWTH
TRAJECTORY
    * STRATEGY WILL ENABLE INVIBES ADVERTISING TO REACH ITS
AMBITION
OF €100 MILLION REVENUES BY 2024, REPRESENTING AN ANNUAL AVERAGE
GROWTH RATE (CAGR) BETWEEN 2020 AND 2024 OF AROUND +72%

Source text for Eikon:  ID:nGNE4bKy5Z 
Further company coverage:  ALINV.PA 

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