COHERIS announces its results for the 2023 financial year

COHERIS, a major French player in the CRM and Data Analytics software sector, published the financial results for the year 2023. Turnover increased by 5.8%, reaching 14.6 million euros compared to 13.8 million in 2022. In detail, sales in the business sector are 13.4 million euros, marking an increase of 5.5%.

Current operating profit saw notable growth of 32%, amounting to 2.6 million euros. This performance is notably attributable to an increase in subscription sales which now represent 45% of total turnover. However, net revenues showed a decline of 31.4%, mainly due to a positive tax adjustment in 2022.

COHERIS continues its robust profitability trajectory, as evidenced by the increase in shareholders' equity to 17.6 million euros and net cash of 13.0 million euros. A dividend of 0.08 euros per share will be proposed at the next general meeting on June 26, 2024.