XBP Europe Holdings, Inc. Reports Full Year 2023 Results
LONDON and SANTA MONICA, Calif., April 01, 2024 (GLOBE NEWSWIRE) -- XBP Europe Holdings, Inc. (“XBP” or the “Company”) (NASDAQ: XBP), a pan-European integrator of bills and payments and related solutions and services seeking to enable the digital transformation of its clients, announced today its financial results for the full year ended December 31, 2023.
- “We start the year as a newly listed public company, having completed our long-awaited business combination towards the very end of 2023.
- We will keep our employees and the investor community apprised of our progress in the coming weeks and months,” said Andrej Jonovic, Chief Executive Officer of XBP.
- Net Loss: Net loss for 2023 was $11.0 million, compared with a net loss of $7.9 million in 2022.
- Adjusted EBITDA(1): Adjusted EBITDA for 2023 was $11.6 million, a decrease of 20.0% compared to $14.5 million in 2022.