DJ Lepermislibre: Revenue for the third quarter of 2023 Lepermislibre Lepermislibre: Revenue for the third quarter of 2023 05-Oct-2023 / 17:40 CET/CEST Dissemination of a French Regulatory News
Lepermislibre 05-Oct-2023 / 17:40 CET/CEST Dissemination of a French Regulatory News, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
The 7% drop in revenue from candidates financing their learning with the CPF scheme is linked to the strengthening of digital identity verification measures introduced at the end of 2022 by the public authorities, reducing the amount of orders received via this channel and impacting with a few months' delay the number of driving hours performed in the field.
As of September 30, 2023, revenue generated from traditional candidates represent 43% of the activity, compared with 30% for the same period in 2022. This development, which the company had committed to, has positive impacts on operating cycle financing, lightening working capital requirements, as service purchases are paid cash by customers as soon as orders are placed. In Q4 2023, lePERMISLIBRE anticipates a more dynamic growth in activity in line with September pace.
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