COHERIS: 2024 financial results

COHERIS announces a turnover of €13.5 million for the year 2024. This figure shows a slight increase of 0.5% compared to 2023. The growth is explained by an increase of 6.1% in the second half of the year, offsetting a decrease of 3.6% in the first half of the year.

Annualized subscriptions contributed strongly to this performance, increasing by 14% to reach €6.9 million. They now represent 51% of total revenues, compared to 45% in 2023. In contrast, perpetual license revenues decreased to 21% of total revenues.

Services provided fell by 7%, generating €3.8 million, or 29% of overall turnover. In addition, the stock of recurring revenues, ARR, amounted to €10.3 million, marking an increase of 1% compared to the previous year.