Free Cash Flow GenerationSustained FCF (~42M TTM) with FCF roughly 90% of net income provides durable internal funding for capex, dividends, and debt service. Strong cash conversion cushions operating volatility, supports reinvestment in software and services, and underpins financial flexibility over months.
Diversified Recurring RevenueA mix of project fees plus recurring subscription and licensing revenue creates more predictable cash flows and stickiness. Recurring components reduce reliance on one-off projects, smoothing revenue and supporting margin recovery initiatives and long-term client relationships over quarters.
Market Position & PartnershipsLeadership in German digital transformation, ERP and managed services plus strategic vendor partnerships broaden solution scope and enable cross‑sell. This structural market position supports steady deal flow, client retention, and competitive differentiation over the medium term.