EQS-Adhoc: Incergo S.A.: Incergo delivers €1.4m revenue in the first half of 2023
EQS-Ad-hoc: Incergo S.A. / Key word(s): Half Year Results
Incergo S.A.: Incergo delivers €1.4m revenue in the first half of 2023
29-Sep-2023 / 10:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS
Group AG.
The issuer is solely responsible for the content of this announcement.
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Incergo delivers €1.4m revenue in the first half of 2023
Vienna, 29 September 2023 – Incergo S.A. (“Incergo”), the
franchise-focused company which debuted on the Vienna Stock Exchange in
November 2022, has reported its first revenue of €1.4m, through Vendo Ltd,
which it acquired last year. UK-based Vendo Ltd is a wholly owned
subsidiary of Incergo. It operates through a nationwide network of
experienced franchisees, who provide commercial vehicle cleaning services.
It is the first of a mix of businesses that Incergo plans to acquire over
the coming years.
A franchisor business that provides streamlined corporate systems and
services to customers and franchisees, Incergo embraces a number of
principles which the Directors believe provide competitive advantage.
Firstly, it is committed to maintaining the entrepreneurial spirit and
unique culture of the businesses it acquires. Secondly, Incergo’s flat
structure and nimble approach means that decisions can be made quickly
based on changes to market conditions or client demands. Thirdly, the
group is highly diversified across service offering, geography and sector
vertical. As further acquisitions continue, this diversification will
increase. One of the benefits of maintaining individual company autonomy
is that each business is its own profit and cost centre and thus risk is
hived down to that level.
Eyeing strategic acquisition opportunities that align with the company’s
core values and business objectives, Incergo will in the coming months
identify and engage with synergistic businesses in the franchise sector
that complement their existing portfolio. These acquisitions will not only
accelerate growth but also open new industries for Incergo.
Darren Taylor, Chair, Incergo S.A. said: “As the company moves into the
rest of the fiscal year, we are focused on a dual-pronged approach,
targeting both organic and acquisition growth within the franchise sector.
The company’s commitment to organic growth involves a deepened dedication
to nurturing and expanding our existing franchise operations. In parallel,
Incergo aims to leverage the opportunities provided by the Vienna Stock
Exchange to move up the exchange tiers, and also explore cross listing
opportunities in Europe where the opportunity arises. Our organic and
acquisition growth drive for the next half year will be instrumental in
achieving this goal.”
The complete 2023 half-year report is available on the Group’s website at:
https://www.incergo.net/financial-reports
A German translation of this announcement is attached.
Eine deutsche Übersetzung dieser Ankündigung ist beigefügt.
Contacts for IR and media enquiries:
Incergo S.A, Charlotte Williams, info@incergo.com, +44 (0)770 396 3953
About Incergo S.A.
Incergo S.A (ICG) brings together a wide range of profitable, best in
class businesses with a unique formula for growth. The Company’s business
strategy is a holding company that acquires companies that are master
franchise businesses.
https://www.incergo.net/
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End of Inside Information
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29-Sep-2023 CET/CEST News transmitted by EQS Group AG. www.eqs.com
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Language: English
Company: Incergo S.A.
25C boulevard Royal
2449 Luxembourg
Luxemburg
E-mail: info@incergo.net
Internet: www.incergo.net
ISIN: LU1917297225
Listed: Vienna Stock Exchange (Vienna MTF)
EQS News ID: 1737551
End of Announcement EQS News Service
1737551 29-Sep-2023 CET/CEST
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