Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Trustpilot Group PLC - Copenhagen-based online consumer reviews platform - Expects to report $149 million in revenue for 2022, up 13% on $131.4 million in 2021 and up 23% at constant currency. Annualised recurring revenue as of the end of the year is $162 million, up 12% from $144.5 million a year before, and total bookings are $165 million, up 11% from $149.6 million. Says adjusted earnings before interest, tax, depreciation and amortisation for 2022 will be ahead of the range of expectations, which it doesn’t provide. In 2021, adjusted Ebitda was $3.9 million, down from $6.1 million in 2020. At the half-year stage of 2022, adjusted Ebitda was a loss of $5.4 million, swung from a $3.8 million profit a year before.
At the pretax level, Trustpilot is loss-making. It lost $25.9 million in 2021, widened from $12.3 million in 2020. Full 2022 results will be released on March 21.
‘We are pleased with our performance in 2022, continue to make clear progress on our path to profitability, and the board remains confident in our strategy and the significant and growing long-term market opportunity,’ says Chief Executive Officer Peter Holten Muhlmann.
Current stock price: 104.80 pence, up 12% on Thursday morning in London
12-month change: down 62%
By Tom Waite, Alliance News editor
Comments and questions to newsroom@alliancenews.com
Copyright 2023 Alliance News Ltd. All Rights Reserved.