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ISPD's Half-Year Financial Report 2024: Key Highlights
ISPD, a global cognitive marketing firm, announced a temporary 5% decline in sales for the first half of 2024. The decrease followed the end of a significant contract in the USA, partially balanced by solid performance in Europe and Latin America. Despite these setbacks, consolidated revenues rose by 19% to €69.5 million. The gross margin decreased by 9%, attributed to changes in product mix and lowered sales.
The launch of new AI-based products marked a strategic move by ISPD. Investments in products like ISPD Horizon and ISPDCompass resulted in non-recurring expenses, impacting operating expenses and diminishing EBITDA by €3.9 million.
Forecasts suggest a potential rebound in the second half, as ISPD anticipates improved revenue growth and cost efficiency, aiming to counteract first-half losses.
R. E.
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