Better Collective Exceeds Revenue Targets for 2023

Better Collective has announced its preliminary unaudited financial results for the year 2023, showcasing growth and surpassing its financial targets.

According to the official release from Better Collective, the company’s full-year revenues amounted to approximately 327 million Euros, exceeding the initial target range of 315-325 million Euros. This shows a 21% increase compared to last year. Better Collective also announced an EBITDA of about 111 million Euros, which is more than their target range of 105-115 million Euros, representing a big 31% jump.

The company’s success in 2023 can be attributed to several factors, including strong operational performance and strategic acquisitions. Better Collective highlighted that it had upgraded its financial targets twice during the year to reflect its outstanding performance accurately. The initial guidance set at the beginning of 2023 aimed for revenues of 290-300 million Euros and EBITDA of 90-100 million Euros. However, due to the company’s exceptional performance and strategic moves, these targets were revised upwards throughout the year. The latest guidance, which targeted revenues of 315-325 million Euros and EBITDA of 105-115 million Euros, was not only met but exceeded, with the EBITDA figure landing in the upper end of the range.

Moreover, Better Collective successfully maintained its net debt to EBITDA ratio below 2.0, meeting the targeted threshold.

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