Another Successful Business Year 2023 for Smart Commerce

Jena, April 9, 2024 - The Supervisory Board of the eCommerce service provider Smart Commerce SE has confirmed the financial statements for 2023. The auditing firm has issued an unqualified audit opinion.

• The revenue growth of the Smart Commerce Group was at plus 19%, reaching a group revenue of €12.3 million 
• It marks the 12th consecutive profitable fiscal year, with an absolute EBIT exceeding €1.6 million and an EBIT margin at 13.2% 
• The balance sheet total increased by 29% to over €9.1 million 
• In May 2023, Smart Commerce acquired the digital agency deepr from Stuttgart
• Smart Commerce is planning further growth through acquisitions

Considering the continuous growth in employees, revenue, and balance sheet total, Smart Commerce SE has surpassed the criteria of a medium-sized public limited company for the first time, thereby becoming subject to audit requirements. The auditing firm issued an unqualified audit opinion for the 2023 annual financial statements of Smart Commerce SE, effective March 12th.

Since its establishment in 2012, the company has been consistently profitable. 2023 marked the eleventh consecutive fully profitable fiscal year since its founding; including the profitable partial founding year of 2012, it totals 12 profitable fiscal years. The profit expectation was exceeded in the past fiscal year. The EBIT of the Smart Commerce Group (comprising Smart Commerce SE, Quajoo GmbH, and deepr GmbH) exceeded €1.6 million, achieving a margin of 13.3% (target was 10%). The group achieved approximately €12.3 million in revenue for the fiscal year 2023, representing a 19% growth, which aligns precisely with the compound annual growth rate (CAGR) of the last five years, from 2018 to 2023.

The acquisition of the digital agency deepr from Stuttgart in May was the most significant event of 2023. On the path to becoming a full-service provider, deepr enhances Smart Commerce SE with complementary expertise in areas such as Marketing Analysis & Performance Reviews (e.g., Smart Check Up), Creation & UI/UX, and Online Marketing. deepr's clients include Bosch, Mercedes-Benz, Dunkin', Funke Mediengruppe, Caramba, and nexmart.

A core element of the growth strategy for 2028 involves further M&A activities. For 2024 and the subsequent years, the Smart Commerce Group has set ambitious goals, including (1) expanding the current e-commerce-focused service portfolio with CRM, CMS, PIM, Analytics, and AI services, (2) pursuing additional inorganic growth initiatives, and (3) acquiring and developing new Platinum Accounts.

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About Smart Commerce SE:
Smart Commerce offers comprehensive services for the planning, construction, and operation of high-end eCommerce platforms. The company is dedicated to the long-term online success of its business partners. With eCommerce-experienced experts and specialized technical know-how on common platforms, Smart Commerce implements all-encompassing eCommerce processes – from online shops to content management to web analytics. The Smart Way is the company culture: All employees are shareholders, shapers, and oversight bodies. They hold shares in the SE and actively shape the company from job-specific decisions to entrepreneurial values, goals, and leadership principles. The legal form chosen is the European Company (SE).

Mediacontact Smart Commerce SE:
Dr. Ludger Vogt
Vorstandsvorsitzender
Steinweg 10
07743 Jena
03641 3161020
www.smartcommerce.de
pr@smartcommerce.de

PR-Agency:
Tower PR
Heiner Schaumann
Mälzerstraße 3
07745 Jena
03641 87611-80
www.tower-pr.com
smartcommerce@tower-pr.com