Nuvini Group Limited Reports Strong Growth in First Half 2024 Results
Nuvini Group (NVNI) reported strong financial results for H1 2024, demonstrating significant growth and improved operational efficiency. The company's operating profit surged to R$14.2 million from R$0.3 million in the previous year. Adjusted EBITDA increased by 25% to R$26.5 million, while net revenue grew 12.5% to R$92.2 million compared to H1 2023.
The company generated R$16.3 million in net cash from operating activities, showing strong cash flow generation. Operational improvements included reduced sales and marketing expenses by 11.6%, reflecting enhanced efficiency in customer acquisition. The company continues to invest in AI-driven solutions and platform improvements to enhance customer value.
Il Gruppo Nuvini (NVNI) ha riportato risultati finanziari solidi per il primo semestre del 2024, dimostrando una crescita significativa e un miglioramento dell'efficienza operativa. L'utile operativo dell'azienda è balzato a R$14,2 milioni rispetto a R$0,3 milioni dell'anno precedente. L'EBITDA rettificato è aumentato del 25% a R$26,5 milioni, mentre i ricavi netti sono cresciuti del 12,5% a R$92,2 milioni rispetto al primo semestre del 2023.
L'azienda ha generato R$16,3 milioni di liquidità netta dalle attività operative, mostrando una forte generazione di flusso di cassa. I miglioramenti operativi hanno incluso una riduzione delle spese di vendita e marketing dell'11,6%, riflettendo un aumento dell'efficienza nell'acquisizione dei clienti. L'azienda continua a investire in soluzioni guidate dall'IA e miglioramenti della piattaforma per aumentare il valore per i clienti.
El Grupo Nuvini (NVNI) reportó resultados financieros fuertes para el primer semestre de 2024, demostrando un crecimiento significativo y una mejora en la eficiencia operativa. La utilidad operativa de la empresa se disparó a R$14,2 millones desde R$0,3 millones del año anterior. El EBITDA ajustado aumentó un 25% a R$26,5 millones, mientras que los ingresos netos crecieron un 12,5% a R$92,2 millones en comparación con el primer semestre de 2023.
La empresa generó R$16,3 millones en efectivo neto de actividades operativas, mostrando una sólida generación de flujo de caja. Las mejoras operativas incluyeron una reducción del 11,6% en gastos de ventas y marketing, reflejando una mayor eficiencia en la adquisición de clientes. La empresa continúa invirtiendo en soluciones impulsadas por IA y mejoras de la plataforma para aumentar el valor para los clientes.
누비니 그룹 (NVNI)는 2024년 상반기 강력한 재무 실적을 보고하며 상당한 성장과 향상된 운영 효율성을 보여주었습니다. 회사의 운영 이익은 전년도 R$0.3 백만에서 R$14.2 백만으로 급증했습니다. 조정 EBITDA는 25% 증가하여 R$26.5 백만에 달했으며, 순수익은 2023년 상반기 대비 12.5% 증가한 R$92.2 백만에 이르렀습니다.
회사는 운영 활동으로부터 R$16.3 백만의 순 현금을 창출하여 강력한 현금 흐름 생성을 보여주었습니다. 운영 개선 사항으로는 판매 및 마케팅 비용이 11.6% 감소하여 고객 확보의 효율성이 향상되었습니다. 회사는 고객 가치를 높이기 위해 AI 기반 솔루션 및 플랫폼 개선에 계속 투자하고 있습니다.
Le Groupe Nuvini (NVNI) a annoncé de solides résultats financiers pour le premier semestre 2024, démontrant une croissance significative et une amélioration de l'efficacité opérationnelle. Le bénéfice d'exploitation de l'entreprise a bondi à R$14,2 millions contre R$0,3 millions l'année précédente. Le BAIIA ajusté a augmenté de 25% pour atteindre R$26,5 millions, tandis que les revenus nets ont crû de 12,5% à R$92,2 millions par rapport au premier semestre 2023.
L'entreprise a généré R$16,3 millions de trésorerie nette provenant de ses activités opérationnelles, montrant ainsi une forte génération de flux de trésorerie. Les améliorations opérationnelles comprenaient une réduction des dépenses de vente et de marketing de 11,6%, reflétant une efficacité accrue dans l'acquisition de clients. L'entreprise continue d'investir dans des solutions pilotées par l'IA et des améliorations de plateforme pour accroître la valeur pour les clients.
Die Nuvini-Gruppe (NVNI) berichtete für das erste Halbjahr 2024 über starke finanzielle Ergebnisse, die ein signifikantes Wachstum und eine verbesserte operative Effizienz zeigen. Der Betriebsgewinn des Unternehmens stieg auf R$14,2 Millionen von R$0,3 Millionen im Vorjahr. Das bereinigte EBITDA wuchs um 25% auf R$26,5 Millionen, während der Nettoumsatz im Vergleich zum ersten Halbjahr 2023 um 12,5% auf R$92,2 Millionen zulegte.
Das Unternehmen erzielte R$16,3 Millionen an Nettobarwert aus betrieblichen Aktivitäten und zeigte eine starke Cashflow-Generierung. Zu den operativen Verbesserungen gehörte eine Reduzierung von Vertriebs- und Marketingausgaben um 11,6%, was die Effizienz bei der Kundenakquise widerspiegelt. Das Unternehmen investiert weiterhin in KI-gesteuerte Lösungen und Plattformverbesserungen, um den Kundenwert zu steigern.
- Operating profit increased dramatically from R$0.3M to R$14.2M
- Adjusted EBITDA grew 25% to R$26.5M
- Net revenue increased 12.5% to R$92.2M
- Generated R$16.3M in operating cash flow
- Sales and marketing expenses reduced by 11.6%
- None.
Insights
Nuvini's H1 2024 results reveal a compelling transformation in operational efficiency and profitability metrics. The standout achievement is the 47-fold increase in operating profit to
The reduction in sales and marketing expenses by
Three key factors make these results especially significant:
- The improving unit economics indicate successful implementation of operational synergies across acquired companies
- Strong cash generation provides a competitive advantage in pursuing future acquisitions in a potentially distressed market
- The investment in AI-driven solutions positions Nuvini to capture increased market share in the rapidly digitalizing Latin American B2B sector
The combination of robust profitability metrics and strategic technology investments suggests Nuvini is establishing a sustainable competitive advantage in the Latin American SaaS consolidation space, setting the stage for continued value creation through both organic growth and strategic acquisitions.
Adjusted EBITDA Up
NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Nuvini Group Limited (Nasdaq: NVNI) (“Nuvini” or the “Company”), a leading acquirer of private SaaS B2B companies in Latin America, today announced its unaudited financial results for the first half of 2024, reflecting continued revenue growth, operational efficiencies, and financial resilience. The company will file a 6-K with the SEC today.
Key Financial Highlights:
- Operating Profit: R
$14.2 million , a dramatic increase from R$0.3 million in the prior year period, demonstrating improved operational efficiencies and cost management. - Adjusted EBITDA: R
$26.5 million , a25% increase from R$21.2 million in H1 2023, reflecting improved profitability and disciplined cost control. - Net Revenue: R
$92.2 million , a12.5% increase compared to R$81.9 million in H1 2023. - Net Cash from Operating Activities: R
$16.3 million , further reinforcing the Company’s ability to generate strong cash flow from its growing operations.
“Nuvini’s H1 2024 results showcase our ability to drive sustainable growth and optimize operational performance,” said Pierre Schurmann, CEO of Nuvini. “We have made significant strides in improving profitability while continuing to expand our revenue base. Our disciplined acquisition strategy and operational enhancements are positioning Nuvini as a leader in the Latin American SaaS market.”
Operational and Strategic Highlights:
- Revenue Growth Across Portfolio: Increased customer retention and a growing client base contributed to the double-digit revenue growth.
- Improved Cost Management: Sales and marketing expenses decreased by
11.6% , demonstrating greater efficiency in customer acquisition. - Enhanced Cash Flow: The Company’s strong net cash from operations of R
$16.3 million further solidifies its ability to fund future growth initiatives. - Technology and Product Enhancements: Continued investments in AI-driven solutions and platform improvements, aimed at delivering enhanced value to customers.
About Nuvini
Headquartered in São Paulo, Brazil, Nuvini is the leading private serial software business acquirer in Latin America. The Nuvini Group acquires software companies within SaaS markets in Latin America. It focuses on acquiring profitable “business-to-business” SaaS companies with a consolidated business model, recurring revenue, positive cash generation and relevant growth potential. The Nuvini Group enables its acquired companies to provide mission-critical solutions to customers within its industry or sector. Its business philosophy is to invest in established companies and foster an entrepreneurial environment that would enable companies to become leaders in their respective industries. The Nuvini Group’s goal is to buy, retain and create value through long-term partnerships with the existing management of its acquired companies.
Nuvini Investor Relations and Media Contact:
Deb Toledo
ir@nuvini.co
Forward-Looking Statements
Some of the statements contained in this press release include or may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created by those laws. These forward-looking statements include, but are not limited to, statements regarding the expectations, hopes, beliefs, intentions or strategies regarding the future. The forward-looking statements contained in this press release are based on current expectations and beliefs concerning future developments and their potential effects on Nuvini. There can be no assurance that future developments affecting Nuvini will be those that we have anticipated. Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. All statements other than statements of historical fact may be forward-looking statements. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “forecast,” “outlook,” “aim,” “target,” “will,” “could,” “should,” “may,” “likely,” “plan,” “probably” or similar words may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements contained in this press release include, but are not limited to, statements about the ability of Nuvini to: realize the benefits expected from this strategic partnership; achieve projections and anticipate uncertainties relating to the business, operations and financial performance of Nuvini, including (i) expectations with respect to financial and business performance, including financial projections and business metrics and any underlying assumptions, (ii) expectations regarding market size, future acquisitions, partnerships or other relationships with third parties, (iii) expectations on Nuvini’s proprietary technology and related intellectual property rights, and (iv) future capital requirements and sources and uses of cash, including the ability to obtain additional capital in the future; enhance future operating and financial results; comply with applicable laws and regulations; stay abreast of modified or new laws and regulations applying to its business, including privacy regulation; anticipate rapid technological changes; and effectively respond to general economic and business conditions.
While forward-looking statements reflect Nuvini’s good faith beliefs, they are not guarantees of future performance. Nuvini disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. For a further discussion of these and other factors that could cause Nuvini's future results, performance or transactions to differ significantly from those expressed in any forward-looking statement, please see the section “Risk Factors” of the Registration Statement in Form F-4 filed by Nuvini with the U.S. Securities and Exchange Commission on September 6, 2023 under number 333-272688. You should not place undue reliance on any forward-looking statements, which are based only on information currently available to Nuvini.
FAQ
What was Nuvini's (NVNI) revenue growth in H1 2024?
How much did NVNI's operating profit improve in H1 2024?
What was Nuvini's (NVNI) Adjusted EBITDA growth in H1 2024?
How much operating cash flow did NVNI generate in H1 2024?
What cost reductions did Nuvini (NVNI) achieve in H1 2024?
