Excluding amortization related to the intangible assets identified after purchase price allocation, the current operating margin was 8.9%.Īfter booking remaining operating revenue and expenses (€0.4m), primarily related to the external growth strategy (i.e., the acquisition of SixSq in November 2021), operating income was €3.0m. The increase in operating expenses was contained (11%), while enabling the company to make the investments required to step up its development, notably with 25 net hires over the period mainly in R&D.ĮBITDA margin set another record, at 16.9% versus 15.9% for FY 2020 and 16.0% for 2019.Īfter net depreciation, amortization and provisions (€11.3m, of which €5.8m of amortization charges related to intangible assets following purchase price allocation) share-based payments expenses (€2.8m), current operating income amounted to €3.4m in 2021, representing 3.3% of revenue. In 2021, Ekinops posted EBITDA 1 of €17.6m, up 19% YoY. Record annual EBITDA 1 margin at nearly 17%
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