EWG reports double-digit revenue growth and margin expansion
EWG posted double-digit net revenue growth and robust margins. Over 65% of customers now use the integrated EW Office platform, recurring revenue was 47% of net revenue, and net leverage improved to 1.8x.
Double-digit net revenue growth and strong margins were achieved, with more than 65% of customers now using the integrated EW Office platform. 8x, and recurring revenues accounted for 47% of net revenue. FX losses and high fuel prices weighed on net income and customer sentiment.