The turnover of Icecat N.V. (ISIN: NL0012751226) increased by 11% during Q3 2022 to 3.2 million euros compared to the same period last year. Growth is decelerating a bit compared to the first six months.
Gross profit increased by 12% over the same period. As operating expenses increased, Icecat’s EBT slightly decreased by 9% to 0.68 million euros. This is added to the already solid cash position.
The global e-commerce market is still expanding, although not as fast as in the past years. The outlook for Icecat’s product information management and syndication services is still good.
Despite challenges in the currently heated labor market, Icecat appears to be able to continue to fill its international and local vacancies. In particular, we are happy that local sales representation in the USA is realized.
To cover a new employee stock incentive plan, Icecat International B.V. starts the monthly purchase of depository receipts of Icecat shares via NPEX. Initially, a budget of 25K euros is reserved for that. Not more than 1,000 DRs per month will be purchased.
Press release Icecat Q3 2022 (English)
Persbericht Icecat Q3 2022 (Nederlands)
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