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OrderYOYO: The strong momentum continues - ABG

Updating estimates after full release of H1 numbers
More guidance upgrades possible + M&A increasingly likely
FVR reiterated at DKK 6-14


Q2 headline figures already announced in July trading report

OrderYOYO delivered solid 23% ARR and 28% revenue growth y-o-y in H1, coupled with significant improvements in profitability. The adj. EBITDA margin was up 7pp y-o-y to 15%, while cash EBITDA of DKK 10m continued its steep upward trajectory. The FY'24 guidance was, not surprisingly, also reiterated after being raised in July.
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