24SevenOffice

Stockholm, Sweden - 24SevenOffice Group AB, a leading provider of cloud-based business management systems, today announced its financial target for the short term following the management's plan of profitable growth to reach a minimum recurring revenue of 500 million.

24SevenOffice's financial target states that the company shall reach revenues of minimum 500 million SEK within the next 500 days with an EBITDA of minimum 50 million SEK.

"500 million in 500 days, with 50 million in profitability is a catchy and easily communicated target we can use in the short term both internally and towards the investor market", says Eirik Aalvik Stranden, CEO of 24SevenOffice Group AB.

To align the financial target with the quarterly reporting the financial target shall be reached during the quarter in which 500 days ends, which is the fourth quarter of 2025. The target is a direct result of the company's recent investments in new technology, brand enhancement, and expansion into new business areas over the last 2-3 years where we now have seen good traction. This is in line with the communicated profitable growth strategy.

"We see good returns from these strategic investments and expect that our operational capabilities and increased market position will continue to provide results. The financial targets are seen as a minimum target and will be the baseline for 24SevenOffice's profitable growth in the next 500 days," stated Eirik Aalvik Stranden, CEO of 24SevenOffice Group AB.

The company intends to invite shareholders to a capital markets day in the autumn of 2024 following the change to Nasdaq and the published Q2 report.