16th Jun 2022 10:10
(Alliance News) - Trustpilot Group PLC on Thursday said it expects to reach adjusted earnings before interest, tax, depreciation and amortization breakeven in 2024.
Speaking at the company's capital markets day, Founder and Chief Executive Peter Holten Muhlmann said the business is "very resilient, with a product that is sticky and embedded in our customers' businesses".
As a result, the CEO expects the company to "get better as [it] get[s] bigger". Holten Muhlmann also asserted that the strength of the business means the company should achieve adjusted Ebitda breakeven in 2024.
Shares in Trustpilot were down 3.4% at 83.17 pence on Thursday morning in London.
By Heather Rydings; [email protected]
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