OrderYOYO – Current trading update Q4 2022
OrderYOYO is expected to release its current trading update for Q4 2022 on 12 January 2023. The company’s management will present the recent results in a virtual live event with a Q&A session on 13 January at 13:00. Here you can get an update on recent business development as well as insights about the current market conditions.
In the latest Q3 2022 trading update, OrderYOYO announced that ARR grew 25% to a consolidated total ARR of DKK 185m despite challenging market conditions. During Q3 2022, the guidance was raised for the second time this year as the merger with the German app smart was progressing as planned with the realization of expected benefits. Q3 also marked the first quarter with profitability on the EBITDA before other external costs level.
The focus in the Q4 trading update will be whether the positive trends from Q3 2022 regarding growth, the merger, and profitability continued. We will also look for management comments about the market conditions in the takeaway business going into 2023.
OrderYOYO is a Danish Software-as-a-Service (SaaS) company that provides takeaway restaurants with all the necessary software to serve their customers, including online ordering, payment, marketing, and business management solutions.
Disclaimer: HC Andersen Capital receives payment from OrderYOYO for a Corporate Visibility/Digital IR subscription agreement. /Michael Friis 13:12 6 January 2023