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smartphoto group – 2022 trading update – smartphoto group again grows strongly in turnover and profitability

Maggy Van den Stock

PRESS RELEASE – Regulated information

Wetteren, January 31, 2023 – 06.30 p.m.
smartphoto group – Euronext Brussels: SMAR

  • Increase in revenue from 63.1 million euro in 2021 to 76.3 million euro(1) in 2022 (+21.1%).
  • EBITDA increases from 10.2 million euro in 2021 to 13.0 million euro(1) in 2022 (+27.3%).
  • With a turnover of 15.5 million euro(1) and an EBITDA of 2.7 million euro(1) the B2B division (naYan) also contributes to the group’s growth and profitability from the first full year.
  • Cash flow from operating activities amounts to 14.2 million euro(1) in 2022 compared to 6.4 million euro in 2021. The cash conversion ratio thus amounts to 109.3%(1).

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