COLOGNE (dpa-AFX) - q.beyond AG (QSCGF.PK), a German IT company, reported
that its first quarter net loss narrowed to 1.1 million euros from 5.0 million
euros in the previous year.

Revenues for the first quarter grew to 47.1 million euros from 46.6 million
euros last year.

q.beyond confirmed its outlook for the 2024 financial year. The company has
budgeted for its EBITDA to increase to between 8 million euros and 10 million
euros, with a resultant EBITDA margin of 4% to 5%, and for revenues of between
192 million euros and 198 million euros and sustainably free cash flow.

For the coming year, the company has set itself the target within its 2025
Strategy of raising its EBITDA margin to between 7% and 8%, and generating
sustainably positive consolidated net income.

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