Binect AG
MA10.DE
Deutsche Börse1.60
EUR
-0.01
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Binect AG
MA10.DE
(Deutsche Börse)
Recent
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1.60
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Binect AG Binect AG operates as a German technology holding company focused on the digitization of document-based business communications; it provides software and service platforms for secure processing of incoming and outgoing documents, including hybrid mail solutions for printing, enveloping, franking, and delivery in cooperation with Deutsche Post AG. Through its 100%-owned subsidiary Binect GmbH, the company develops and integrates digital modules such as the Binect ONE all-in-one platform, which covers intelligent document processing (IDP), digital output management (DOM) for contracts and invoices, and digital input management (DIM) for automating receipt logistics with artificial intelligence; these solutions serve medium-sized enterprises, authorities, and institutions, handling over 100 million shipments annually with more than 90% recurring revenue. Founded in 2004 and headquartered in Weiterstadt, Germany, Binect AG also holds interests in entities like KeyIdentity GmbH for information security and encrypted communications, targeting primarily the German market with scalable, profitable growth in high-potential sectors like IDP, which studies project at 30% annual growth. Binect AG completed modernization of its Binect ONE platform in fiscal year 2023, ending the investment phase and laying foundations for sustainable profitable expansion with projected 25-30% revenue growth in 2024 and positive adjusted EBITDA. The company reported record growth in its 2023 group financials, including EUR14.8 million in revenue, EUR850,000 EBITDA, and 45 employees, alongside strong operational cash flow of EUR973,000 and a 71.8% equity ratio. Previously known as MAX21 AG, Binect AG lists on the open market segment of German exchanges including XETRA under ticker MA10.DE, emphasizing standardization, internationalization, and AI-enhanced scalability across analog-to-digital transitions for its customers.