New company at ABGSC - OrderYOYO

Today ABG Sundal Collier sponsored research initiates coverage of OrderYOYO. Read the full report here!

Spinning orders into profitable growth

OrderYOYO is a provider of white-label online ordering, payment, marketing and POS
software solutions to independent local takeaway restaurants. Since its inception
in 2015, it has grown into a European market leader (with Germany and the UK as
its key geographies) through a combination of organic and inorganic growth. ARR
(comprised of both a usage-based and a fixed subscription model) has grown at a
CAGR of 58% from '18-'23 to DKK 296m, with a GMV ("Gross Merchandise Value")
reaching DKK ~2.9bn. After prioritising growth historically, OrderYOYO now expects
to be cash EBITDA-positive in all quarters ahead, driven by operating leverage,
market leadership and M&A.