Icecat H2-2021 profit grows explosively and launch Smart Fund

Avatar for icecat
By
H1 2021 report
Likethumbsup(4)Dislikesthumbsdown(0)

The gross profit of Icecat has exploded in the second half of 2021 to 27 million euros. This is mainly due to a one-off income of 26 million euros, based on the book profit on the recent sale of Icecat’s share in Hatch. An amount of approximately 8 million euros has been rolled over in shares of the American buyer, PriceSpider. As the Hatch share was in the books for 4 million euros, the net contribution to the cash position is therefore approximately 22 million euros.

In the second half of 2021, Icecat’s regular turnover also increased by 14% to 5.8 million euros, and the operational Icecat profit (EBT) increased slightly to 960K euro (from 923K euro).

2021 was our best year ever, in all respects. We have the exceptional situation that the annual profit was significantly higher than the turnover. The sale of minority shareholding Hatch will not affect Icecat’s future revenues and earning capacity. On the contrary, because with the extensive cash position we can participate in other promising SaaS companies and also invest heavily in accelerating Icecat’s growth.

Martijn Hoogeveen, CEO Icecat

Smart Fund

Based on its general reserves, Icecat creates a fund of 30 million euros for investing in e-commerce SaaS or cloud companies. “This is Icecat’s sweet spot in which we have approximately 25 years of experience. So, this is so-called smart capital,” says Martijn Hoogeveen. “As we can leverage our global relations and knowledge of the industry.”

Board

The board appoints René Rozendal as Chief Business Development Officer per 1st of January. He focuses on the expansion of Icecat in new branches. In addition, Guillaume Stritmatter becomes the new Chief Technology Officer. He oversees the integration of the various platforms within the Icecat group into one ecosystem.

For further details see Icecat’s press release (persbericht).


Subscribe to our newsletter and stay updated.
Loading

Leave a Reply

Your email address will not be published.

Icecat xml
 November 3, 2019
 October 4, 2018
Manual

Manual for Icecat Live: Real-Time Product Data in Your App

Icecat Live is a (free) service that enables you to insert real-time produc...
 June 10, 2022
Manual for Icecat CSV Interface

Manual for Icecat CSV Interface

This document describes the manual for Icecat CSV interface (Comma-Separate...
 September 28, 2016
Manual

Manual for Open Icecat JSON Product Requests

JSON (JavaScript Object Notation) is an increasingly popular means of trans...
 September 17, 2018
icecat add ons

Icecat Add-ons including Magento, PrestaShop, Shopify, Magento, Google Shopping. NEW: Pimcore

Icecat has a huge list of integration partners, that make it easy for clien...
 August 1, 2020
Manual

Manual for Personalized Interface File and Catalog from Icecat

With Icecat, you can generate personalized or customized CSV or Excel files...
 May 3, 2022
Manual

Manual: How to Import Free Product Content Into Your Webshop via Icecat

This guide will quickly show you how to import free product content from Ic...
 February 25, 2022