Breukelen, the Netherlands – January 3, 2023 at 8 AM CEST – TIE Kinetix, a leader in 100% supply chain digitalization, announced today a record high Q1 Order Intake, achieving the strongest Q1 Order Intake (Oct 1, 2022 – Dec 31, 2022) ever in its existence with € 6 million (Q1, 2021: € 2.8 million). This unprecedented strong Q1 Order Intake follows an already very strong Order Intake in Q4, 2022 of € 5.4 million. The company historically reported around € 12-13 million Order Intake per full year (2022: € 12.9 million; 2021: € 11.3 million).

Q1 Order Intake benefitted from the close co-operation with Microsoft partners Avanade and To-Increase and includes substantial new business of around € 1.5 million (Q1, 2022: € 300k). Q1 Order Intake also includes new landmark contracts for e-Invoicing with new customer Volkswagen Financial Services AG (valued at € 450k) and an almost 100% expansion of the existing contract with Deutsche Ges. für Int. Zusammenarbeit GmbH GiZ (valued at € 1.7 million). Q1 Order Intake further benefitted from the new Customer Success teams with staff onboarded in 2022. 

With a strong sales funnel TIE Kinetix considers the increased Order Intake as a fist proof of its high growth strategy, initiated in 2022. TIE Kinetix’ high growth strategy required investments and expenditures in new sales staff, customer success roles, in marketing and in the development of the indirect channel, with the goal to achieve revenue growth in 2023 and beyond. 
  
This document may contain expectations about the financial state of affairs and results of the activities of TIE Kinetix as well as certain related plans and objectives, and may be expressed in a variety of ways, such as ‘expects’, ‘projects’, ‘anticipates’, ‘intends’ or similar words. TIE Kinetix has based these forward-looking statements on its current expectations and projections about future events. Such expectations for the future are naturally associated with risks and uncertainties because they relate to future events, and as such depend on certain circumstances that may not arise in future. Various factors may cause real results and developments to deviate considerably from explicitly or implicitly made statements about future expectations. Such factors may for instance be changes in expenditure by companies in important markets, in statutory changes and changes in financial markets, in the salary levels of employees, in future borrowing costs, in future take-overs or divestitures and the pace of technological developments. TIE Kinetix therefore cannot guarantee that the expectations will be realized. TIE Kinetix also refuses to accept any obligation to update statements made in this document. 

About TIE Kinetix 

At TIE Kinetix, we help companies of all sizes achieve their digitalization goals. From 1% to 100% or anywhere in between, our cloud-native FLOW Partner Automation platform is designed to completely eliminate paper from the supply chain, enabling our customers to focus on three corporate initiatives that drive true organizational change: business process efficiency, compliance, and corporate social responsibility (CSR).  

We believe that digitalization (not digitization) is the future. We believe in conscious development, and we believe in moving ourselves and our customers forward. More than 2,500 companies have chosen TIE Kinetix to support their EDI, e-invoicing, and general digitalization projects, and we proudly facilitate the exchange of over 81 million documents through FLOW each year—the equivalent of 10,000 trees saved.  

Founded in 1987, TIE Kinetix is a public company (Euronext: TIE) with offices in the Netherlands (HQ), France, Germany, Australia, and the United States. For more information, please visit www.TIEKinetix.com, and follow us on Linkedin, Twitter, Facebook, and YouTube. 

Contact us for more information: 

TIE Kinetix N.V.
Jan Sundelin (CEO) or Michiel Wolfswinkel (CFO) 
De Corridor 5d
3621 ZA Breukelen

T: +31 (0) 88 3698060
E: Michiel.Wolfswinkel@TIEKinetix.com 
W: www.TIEKinetix.com