XBP Europe Holdings, Inc. Reports First Quarter 2025 Results
- First Quarter 2025 Highlights Revenue of $37.7 million, a decrease of 1.2% year-over-year and increase of 5.7% sequentially Gross margin of 30.1%, a 380 bps increase year-over-year and 190 bps increase sequentially Adjusted EBITDA of $3.7 million, an increase of 25.6% year-over-year and decrease of 16.1% sequentially LONDON and Santa Monica, Calif., May 15, 2025 (GLOBE NEWSWIRE) -- XBP Europe Holdings, Inc. (“XBP Europe” or “the Company”) (NASDAQ: XBP), a pan-European integrator of bills, payments, and related solutions and services seeking to enable the digital transformation of its clients, announced today its financial results for the quarter ended March 31, 2025.
- 05/15/2025
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XBP Europe Holdings, Inc. Reports Fourth Quarter and Full Year 2024 Results
- Full Year 2024 Highlights Revenue of $142.8 million, decrease of 8.0% year-over-year Gross margin of 26.8%, a 110 bps increase year-over-year Operating profit of $3.5 million, an increase of $2.4 million year-over-year Approximately $25M of ACV in active ramp, resulting in an incremental step-up in margin contribution in the second half of 2024 Signed an exclusive, non-binding LOI to acquire Exela Technologies BPA, LLC, a potentially transformational deal that could expand XBP Europe's revenue to ~$1 billion annually Fourth Quarter 2024 Highlights Revenue of $35.6 million, decrease of 7.5% year-over-year and increase of 0.7% sequentially Gross margin of 28.3%, a 480 bps increase year-over-year and 440 bps decrease sequentially Operating profit of $1.0 million, an increase of $3.4 million year-over-year and a decrease of $1.5 million sequentially Net loss of $2.7 million includes $0.5 million of FX losses, an improvement of $2.4 million year-over-year and $0.1 million sequentially LONDON and SANTA MONICA, Calif., March 19, 2025 (GLOBE NEWSWIRE) -- XBP Europe Holdings, Inc. (“XBP Europe” or “the Company”) (NASDAQ: XBP), a pan-European integrator of bills, payments, and related solutions and services seeking to enable the digital transformation of its clients, announced today its financial results for the quarter and full year ended December 31, 2024.
- 03/19/2025
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XBP Europe Holdings, Inc. Signs Exclusive Non-Binding Letter of Intent to Acquire Exela Technologies BPA, LLC
- SANTA MONICA, Calif., March 04, 2025 (GLOBE NEWSWIRE) -- XBP Europe Holdings, Inc. (“XBP Europe”) (Nasdaq: XBP), a pan-European integrator of bills, payments, and related solutions and services, today announced that it has entered into an exclusive, non-binding letter of intent with Exela Technologies, Inc. to acquire Exela Technologies BPA, LLC (“BPA”), a leading provider of business process automation solutions.
- 03/04/2025
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XBP Europe Selected for AGIRC-ARRCO's Digital Transformation Framework
- PARIS, Feb. 20, 2025 (GLOBE NEWSWIRE) -- XBP Europe Holdings, Inc. (“XBP Europe” or “the Company”) (NASDAQ: XBP), a pan-European integrator of bills, payments, and related solutions and services seeking to enable the digital transformation of its clients, announced today that its French subsidiary has been selected as a supplier on a large-scale framework for sourcing data processing and payments services. The AGIRC-ARRCO framework is estimated to be in excess of a cumulative total of €25 million for all suppliers.
- 02/20/2025
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XBP Europe's AI-enabled Verification of Payee (VOP) Solution Simplifies VOP Onboarding for Banks in Europe
- LONDON and SANTA MONICA, Calif., Jan. 16, 2025 (GLOBE NEWSWIRE) -- XBP Europe Holdings, Inc. (“XBP Europe” or “the Company”) (NASDAQ: XBP), a pan-European integrator of bills, payments, and related solutions and services seeking to enable the digital transformation of its clients, is officially registered with the European Payments Council as a vendor of Verification of Payee (VOP) services. This development underscores the company's readiness to help organizations across the Eurozone to achieve compliance with new instant payment regulations.
- 01/16/2025
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XBP Europe to Present at the Emerging Growth Conference on January 15, 2025
- XBP Europe invites individual and institutional investors, as well as advisors and analysts, to attend its real-time, interactive presentation at the Emerging Growth Conference XBP Europe invites individual and institutional investors, as well as advisors and analysts, to attend its real-time, interactive presentation at the Emerging Growth Conference
- 01/14/2025
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XBP Europe electronic archive solution achieves NF461 certification
- PARIS, Nov. 19, 2024 (GLOBE NEWSWIRE) -- XBP Europe Holdings, Inc. (“XBP Europe” or “the Company”) (NASDAQ: XBP), a pan-European integrator of bills, payments, and related solutions and services seeking to enable the digital transformation of its clients, today announced its achievement of NF461 status for electronic document management in France.
- 11/19/2024
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XBP Europe Holdings, Inc. Reports Third Quarter 2024 Results
- Third Quarter Highlights Revenue of $35.4 million, decrease of 5.6% year-over-year and increase of 5.5% sequentially Gross margin increased to 32.6%, a 800 bps increase year-over-year and 1,300 bps increase sequentially Operating profit of $2.5 million, an increase of $2.2 million year-over-year and $3.8 million sequentially Net loss of $2.8 million includes $0.7 million of FX losses, a decrease of $0.1 million year-over-year and $2.0 million sequentially Adjusted EBITDA from continuing operations of $4.8 million, an increase of $2.6 million year-over-year and $3.6 million sequentially Announced plans to divest on-demand printing operation LONDON and SANTA MONICA, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- XBP Europe Holdings, Inc. (“XBP Europe” or “the Company”) (NASDAQ: XBP), a pan-European integrator of bills, payments, and related solutions and services seeking to enable the digital transformation of its clients, announced today its financial results for the quarter ended September 30, 2024.
- 11/12/2024
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Reaktr.ai Launches AI-Powered SecAi Service on Oracle Cloud Infrastructure
- IRVING, Texas, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Reaktr, the global business unit of Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP), XBP Europe (“XBP”) (NASDAQ: XBP, XBPEW), and a member of the Oracle Partner Network (OPN), today announced the availability of SecAi on Oracle Cloud Infrastructure (OCI) and in the Oracle Cloud Marketplace.
- 11/11/2024
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XBP Europe Selected for UK Government's G-Cloud 14 Framework
- LONDON, Nov. 07, 2024 (GLOBE NEWSWIRE) -- XBP Europe Holdings, Inc. (“XBP Europe” or “the Company”) (NASDAQ: XBP), a pan-European integrator of bills, payments, and related solutions and services seeking to enable the digital transformation of its clients, today announced its UK subsidiary XBP Europe Limited (fka Exela Technologies Limited) has been awarded a place on the UK government sponsored government cloud, or ‘G-Cloud' 14 framework, which replaces the prior G-Cloud 13 framework.
- 11/07/2024
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XBP Europe Approved as a Confirmation of Payee (CoP) Aggregator by Pay.UK
- LONDON and SANTA MONICA, Calif., Aug. 13, 2024 (GLOBE NEWSWIRE) -- XBP Europe Holdings, Inc. (“XBP Europe” or the “Company”) (NASDAQ: XBP and XBPEW), announced that Pay.UK has approved its application to become a Confirmation of Payee (“CoP”) Aggregator.
- 08/13/2024
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XBP Europe Holdings, Inc. Reports Second Quarter 2024 Results
- Second Quarter Highlights ● Revenue of $36.1 million, down 14.8% year-over-year (14.2% on a constant currency basis)● Gross margin declined to 18.4%, a 630 bps decrease sequentially and 920 bps decrease year-over-year● Net loss of $4.7 million includes $0.7 million of FX losses ● Active revenue ramp of approximately $25 million in ACV (Annual Contract Value)● Completed a comprehensive financing transaction with HSBC to provide up to $33 million of incremental liquidity LONDON and SANTA MONICA, Calif., Aug. 12, 2024 (GLOBE NEWSWIRE) -- XBP Europe Holdings, Inc. (“XBP Europe” or the “Company”) (NASDAQ: XBP), a pan-European integrator of bills, payments, and related solutions and services seeking to enable the digital transformation of its clients, announced today its financial results for the quarter ended June 30, 2024.
- 08/12/2024
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XBP Europe Holdings, Inc. Completes $48 Million Financing to Fund Growth
- Transaction Refinances Existing Indebtedness and Secures Incremental Liquidity to Fund Growth Financing includes $30 million committed and $18 million accordion feature LONDON, United Kingdom and SANTA MONICA, Calif., June 27, 2024 (GLOBE NEWSWIRE) -- XBP Europe Holdings, Inc. (“XBP Europe” or the “Company”) (NASDAQ: XBP), a pan-European integrator of bills, payments, and related solutions and services seeking to enable the digital transformation of its clients, today announced that certain of the Company's subsidiaries have entered into a comprehensive financing agreement with HSBC UK Bank plc (“HSBC”).
- 06/27/2024
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XBP Europe Holdings, Inc. Reports First Quarter 2024 Results
- First Quarter Highlights ● Revenue of $40.4 million, down 5.7% year-over-year (7.3% on a constant currency basis)● Gross margin grew to 24.6%, a 270 bps increase sequentially and 250 bps increase year-over-year● Net loss of $2.2 million includes $0.8 million of FX losses ● High margin Technology segment grew to 28.4% of revenues, a 120 bps increase sequentially and 690 bps increase year-over-year● Awarded a multi-year contract with His Majesty's Passport Office (“HMPO”) for a nationwide project in the UK with a Total Contract Value (“TCV”) of approximately $40 million LONDON and SANTA MONICA, Calif., May 13, 2024 (GLOBE NEWSWIRE) -- XBP Europe Holdings, Inc. (“XBP Europe” or the “Company”) (NASDAQ: XBP), a pan-European integrator of bills, payments, and related solutions and services seeking to enable the digital transformation of its clients, announced today its financial results for the first quarter ended March 31, 2024.
- 05/13/2024
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XBP Europe Awarded a Transformation Project for His Majesty's Passport Office (HMPO)
- LONDON, May 02, 2024 (GLOBE NEWSWIRE) -- XBP Europe (“XBP Europe” or the “Company”) (NASDAQ: XBP and XBPEW), today announced that the Company has been selected by His Majesty's Passport Office (“HMPO”) as its technology and services partner on a nationwide project, which aims to make documents dating back to 1837 digitally available to the General Register Office (“GRO”). This multi-year contract in the UK has an approximate total contract value of $40 million.
- 05/02/2024
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XBP Europe Holdings, Inc. Reports Full Year 2023 Results
- Full Year Highlights 2023 revenue of $166.6 million, down 7.7% year-over-year (8.4% on a constant currency basis) Net loss of $11.0 million includes restructuring charges of $6.7 million and transaction fees of $3.0 million High margin Technology segment grows year-over-year to 27% of total revenue in 2023 compared to 24% in 2022 Gross margin at 23%, which is inclusive of the restructuring charges Won a ~$48 million TCV contract in 2023, the largest contract win of the past five years Won ~$58 million of ACV in 2023 and expanded solutions launching Reaktr.ai and XBP Omnidirect LONDON and SANTA MONICA, Calif., April 01, 2024 (GLOBE NEWSWIRE) -- XBP Europe Holdings, Inc. (“XBP” or the “Company”) (NASDAQ: XBP), a pan-European integrator of bills and payments and related solutions and services seeking to enable the digital transformation of its clients, announced today its financial results for the full year ended December 31, 2023.
- 04/01/2024
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