Solutiance AG Achieves Impressive Growth and Exceeds Own Earnings Forecast

Solutiance AG, an innovative service provider in the real estate sector, recorded an impressive revenue growth of 83 percent to 5,409 kEUR in 2023, thus significantly exceeding its own forecasts for the fiscal year. The dynamic increase in the fourth quarter deserves special mention, with revenues climbing to 2,731 kEUR – more than a doubling compared to the same quarter of the previous year. With an increase of 226 new contracts for roof management and a rise of 161 percent in repair services to 3,080 kEUR, the company was able to further expand its market position. The Operator Obligations Controlling also made a considerable contribution, gaining 81 new property contracts and generating total sales of 1,020 kEUR – a substantial growth of 30 percent over the previous year. Uwe Brodtmann, CRO of Solutiance AG, emphasizes the importance of the digital strategy in challenging times for the real estate sector. The efficiency of this approach and the cooperation with numerous partner companies in the roofing network contribute significantly to the company's success. Operating costs were further reduced despite the increase in sales, resulting in a reduced annual net loss of -313 kEUR and significantly improved the consolidated results. The EBIT ended the year at -213 kEUR, an improvement of 88 percent over the previous year. Especially in the last quarter, a turnaround was initiated with an EBIT of 544 kEUR and a sustainably positive consolidated result of 520 kEUR, highlighting the scalability and efficiency of the business model. CEO Jonas Enderlein points to the scalability of the platform and sees the company well prepared for further growth steps. With a targeted revenue corridor of 9,300 kEUR +/- 10% for the current fiscal year, the management reaffirms its confidence in the existing business strategy. Interested investors can find current key figures and further information about the company on the corporate website. With these positive developments, Solutiance AG is poised to continue to expand its position in digital real estate management and to consistently pursue its growth trajectory.