Analyst Group Comments on OrderYOYO’s Q1 Performance and Acquisition of Kingfood

OrderYOYO announced on Monday, April 17th, the company’s performance during Q1-23. OrderYOYO’s ARR amounted to DKK 226m in March 2023, corresponding to a growth of 39% compared to 2022 consolidated proforma figures. Proforma net revenue amounted to DKK 54m and EBITDA before other extraordinary items was positive all months during Q1-23, which amounted to DKK 2.7m during the period. In connection to the Q1-23 trading update, the company announced the acquisition of Kingfood, a vertical market leader within the Asian cuisine segment serving more than 500 takeaway restaurants. Due to the strong Q1-23 performance and the acquisition of Kingfood the company raised its consolidated 2023 guidance.

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