Better Collective publishes 2022 FY report

Better Collective publishes 2022 FY report

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Better Collective publishes 2022 FY report

Better Collective has recently published its financial analysis for 2022, which reported a healthy period of growth for the company.

Starting with the most important figures, the firm experienced over 50% revenue growth in the year, earning nearly 270 million Euros in comparison to the under 180 million Euros it earned the year prior. Its EBITDA figure saw quite a substantial increase as well, going from under 40 million Euros in 2021 to over 85 million in 2022, which is an over 110% increase.

The firm had an operating profit of just over 70 million Euros, which was also over double that of 2021’s result. After taxes, it was left with 48 million Euros, which contributed to a 0.88 Euro earnings per share statistic in the year.

Moreover, Better Collective’s total asset portfolio grew in the year as well, going from just under 600 million Euros in the year prior to 785 million Euros in 2022, which is an increase of 185 million Euros. Its total liabilities also went up, however by a smaller margin, going from 250 million Euros in 2021 to 370 million Euros.

In addition to all of the financial figures, the company highlighted a few of its targets for the short-term and long-term future, with the key goal for 2023 being a revenue of nearly 300 million Euros. The firm also aims to achieve an EBITDA figure of 100 million Euros in the year. As for longer-term targets, the firm’s main goal is a compounded annual growth rate of over 20% for its revenue over the next half-decade.

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