"2024 was another year of progress in the business as we continue to deliver relevant and modern digital solutions for our customers. I am encouraged that in 2024 we have achieved 24% year on year growth in platform revenue, and that true underlying growth in the business is starting to materialise.
Looking ahead, the Board remains confident that Datalex will continue to play a pivotal role in helping airlines excel as digital retailers. Datalex has significant expertise in the industry and has some of the world’s leading airline brands as part of its customer base. In 2025, we will mark Datalex’s 40th year of being in business which is a great milestone and a testament to the resilience and underlying strength of the business."
David Hargaden, Datalex Chairman
"We achieved several positive developments in 2024, including the launch of our Offer and Order solution, ‘Stellex’, and the successful activation and migration of four airlines to this new platform. Additionally, we raised €25 million in equity to strengthen our balance sheet.
Whilst it was disappointing to see revenue decline, after excluding non-recurring revenue, the underlying performance and momentum in platform revenue is promising. The financial performance in 2024 does not reflect the progress made, and I am confident that the actions we have taken will deliver stronger financial performance in 2025.
2025 has kicked off with the launch of a new modular standalone product, DLX Pay, which is planned to go-live with our launch customer, Air Transat, later this year.
Our focus for 2025 is to drive strong platform revenue growth, improve margins, and achieve EBITDA profitability."
Jonathan Rockett, Datalex CEO
Access to all results, reports and presentations.