itim Group, a technology company that helps store-based retailers to improve financial performance and compete with online rivals, has reported “steady revenue growth” in 2022. However, EBITDA is set to fall below current expectations.
In a trading update, the group reported a 4.5 per cent increase in revenue in the year ended 31 December 2022, from £13.4m to £14m.
Subscription revenues represented 84 per cent of total turnover, compared to 77 per cent in 2021.
itim Group plc (LON:ITIM) is a SaaS-based technology company that enables store-based retailers to optimise their businesses to improve financial performance and effectively compete with online competitors. Itim adds retail value by helping multi-channel retailers optimise their business and their stores to improve financial performance and compete more effectively with the “Amazons”.