OrderYOYO – M&A and fifth upgrade of 2023 guidance

Name: OrderYOYO – M&A and fifth upgrade of 2023 guidance
Uploaded: 2023-11-24T13:48:49.620Z
Description: OrderYoYo announced on Friday that it has acquired German Gustoco, and at the same time lifted guidance for the fifth time this year, driven by both the acquisition but also better underlying results.

OrderYOYO27.11.2023, 10.00

HC Andersen Capital

OrderYoYo has a strategy to grow organically as well as through acquisitions. The latter both through major acquisitions and mergers to consolidate the European market, as well as smaller acquisitions of local players in existing markets to achieve scale and technology advantages. Gustoco is an acquisition in the latter part of the strategy.

Today we together with management, Discussed the latest acquisition and how it fit into the M&A strategy, and what drives the strong underlying momentum in the business behind the many upward guidance adjustments.

OrderYOYO is a Danish Software-as-a-Service (SaaS) company that provides takeaway restaurants with all the necessary software to serve their customers, including online ordering, payment, marketing and business management solutions.

Disclaimer: HC Andersen Capital receives payment from OrderYOYO for a Corporate Visibility/Digital IR subscription agreement. /Michael Friis 08:15 28. November 2023.

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