Purchase Icecat shares for employees and 20% increase orders in Q1-2023

Icecat continues, through Icecat Capital, with the purchase of Icecat depository receipts (DRs) of Icecat shares as part of its employee share incentive plan. Thus far 5,760 DRs have been purchased via NPEX. We expect to purchase around 10K DRs during 2023 outside closed windows.

5.7 billion downloads

The number of product data sheet (PDS) downloads during Q1-2023 increased by 41% to 5.7 billion compared to the same period one year earlier. Icecat’s data-sheet production increased by 4% to 693K new product data-sheets, and the database contains now more than 14 million product data-sheets, each available in around 60 languages. The average number of PDSs updated by brand-type users has been stable. One of the most exciting trends is that the number of active Icecat LIVE users has expanded by 48% year-on-year to 631. Icecat LIVE is a service in which brand product stories, including rich media assets, are real-time displayed in retailer websites.  Overall, these trends imply that the relevance of Icecat has further increased.

20% growth order intake

The revenues of Icecat N.V. (ISIN: NL0012751226) have increased by 7% during the first quarter of 2023 compared to the same period last year. The gross profit increased over the same period by 9%. Due to rather stable operating expenses, the EBT increased by 16%. These earnings contribute to the already very solid cash position. We maintained growth of the business, despite a post-pandemic cooldown in the e-commerce market and recession fears, and we strive to maintain or further improve growth during 2023. The new orders increased during Q1-2023 with around 20%, which indicates that revenues growth is trending upward. Therefore, the outlook for our product information management services appears to remain solid.

Report Icecat Q1-2023 (pdf)

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