cBrain makes upward adjustment of earnings before taxes (EBT)

cBrain are pleased to announce that earnings are higher than the previously announced expectation. This is because revenue growth is at the upper end of the announced interval, while some budgeted costs at the end of the financial year were lower than expected.

For the financial year 2022, cBrain has previously announced an expected revenue growth of 20-22% and earnings before taxes (EBT) of at least 22%.

The preliminary accounts for the financial year 2022 show revenue growth of 22% and earnings before taxes (EBT) of 26%.

cBain can thus be pleased that earnings are higher than the previously announced expectation. This is because revenue growth is at the upper end of the announced interval, while some budgeted costs at the end of the financial year are lower than expected.

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