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Preliminary Q4 2021 Exasol AG Earnings Call Transcript
Welcome to today's investor call on the preliminary 2021 figures for the EXASOL AG and thank you very much for taking the time to join us for this webcast.
Upfront, of course, our standard disclaimer with regard to forward-looking statement and your presenters for today's webcast are Jan-Dirk Henrich, our Chief Financial Officer; and myself, Aaron Auld, the Chief Executive Officer of EXASOL.
So let's kick things off with a summary of the key points. In 2021, we increased our annual recurring revenues versus 2020 by 29% to EUR30.5 million on a like-for-like basis. And in reaching this target, we squarely hit our revised 2021 outlook.
Revenue came in at EUR27.5 million, which represents an increase of 16.6% versus 2020. Adjusted EBITDA decreased to minus EUR30.9 million in 2021, as opposed to minus EUR8.7 million in 2020 as a result of the rapid ramp-up in the January to September 2021 timeframe.
The reorganization, which we subsequently initiated from October 2021, is already making an appreciable difference in terms of our EBITDA for Q4 of
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