Sustainable growth for retail tech company

The itim Group has published a trading update on its performance in 2022

itim Group, a technology company that helps brick-and-mortar retailers improve their financial performance and compete with online rivals, has reported “steady sales growth” for 2022. However, EBITDA is expected to be below current expectations.

In a trade update, the group reported a 4.5 per cent increase in sales in the year ended 31 December 2022 from £13.4m to £14m.

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”.

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