Cm.com N.v. · EURONEXT:CMCOM
Cm.com — Investor Day (May 2025)
104 slides from Cm.com's investor day presentation, May 15, 2025
Slide 1: Capital Markets Day 2025
Capital Markets Day 2025 Ready for the next growth phase 15 May 2025 15 May 2025 Template-set CM.com
Slide 2: Forward Looking Statements
• Forward Looking Statements Statements included in this presentation that are not historical facts (including any statements concerning investment objectives, other plans and objectives of management for future operations or economic performance, or assumptions or forecasts related thereto) are for
Slide 3: Agenda
Agenda Part 1 Part 2 01 Introduction 05 Product 02 Markets & Strategy 06 Sales strategy 03 Financials & Targets 04 Customer Engagement BREAK 07 08 People & Culture Regulatory Compliance 09 Concluding remarks 10 Q&A 11 Networking drinks 15 May 2025 Template-set CM.com 3
Slide 4: Markets & Strategy
Markets & Strategy Jeroen van Glabbeek CEO CM.com 15 May 2025 Template-set CM.com 4
Slide 5: The launch of the iPhone inspired One-Platform for businesses
The launch of the iPhone in 2007 inspired us to develop One-Platform for businesses to interact with consumers One-Platform for all customer experiences: marketing, commerce and service 5
Slide 6: One platform to drive customer experience
One platform to drive customer experience Service Commerce Marketing Operations 6
Slide 7: The ChatGPT moment inspired data driven AI
The ChatGPT moment inspired us to take the next step towards: Data driven AI powered customer engagement 7
Slide 8: Global AI-powered Engagement Platform to connect Businesses with Consumers
Global AI-powered Engagement Platform to connect Businesses with Consumers CM.com Engagement Platform Businesses Consumers 8
Slide 9: Global AI-powered Engagement Platform to connect Businesses with Consumers
Global AI-powered Engagement Platform to connect Businesses with Consumers Webportal Service Communication Data AI API & Payments Marketing Platform Platform Platform Chat Commerce Businesses Consumers Customer Data Platform AI platform Channels Commerce • Private & Public • Conversational AI • Telc
Slide 10: Unique combination of assets and capabilities makes CM.com a trusted partner
The unique combination of assets and capabilities makes CM.com a trusted partner for our clients Global omnichannel Regulated Payment State-of-the-art Technology communication platform Service Provider and Infrastructure Over 600 telecom Acquiring and processing Agentic AI technology operators conne
Slide 11: We operate in large and growing markets
We operate in large and growing markets $140 $120 CAGR: 22% $100 AI market 36% CAGR 125 $80 CDP market bn $60 29% CAGR CCaaS market $40 19% CAGR Total addressable $20 market 2028 1 CPaaS market 8% CAGR $- 2025 2026 2027 2028 11 Source: Juniper (CPaaS, CCaaS, CDP, Conversational & Generative AI) & CM
Slide 12: The global AI market is growing at unprecedented pace
The global AI market is growing at unprecedented pace, with businesses adopting AI to automate processes, personalize customer experiences and drive efficiency AI market reaching $1300bn at 35% CAGR 1 AI agent market reaching $50bn at 46% CAGR AI 1500 60 AI 1250 50 1000 40 CAGR: 35% CAGR: 46% 750 30
Slide 13: CM.com targets mid-segment of the market
CM.com targets mid-segment of the market Enterprise have long sales cycles >1000 employees >1 billion revenue Mid-Market have high deal velocity 100 – 1000 employees Company size 10 million – 1 billion revenue Small businesses have small deal sizes: <100 employees <10 million revenue 13 #Companies
Slide 14: Competition is targeting other parts of the market
Competition is targeting other parts of the market Best of Breed Best of Suite Enterprise Mid-Market Small 14
Slide 15: Our platform connects to many brands in key verticals
Our platform connects to many brands in key verticals 1 30% 16% 12% 10% Technology Leisure Telco & Utility Financial Services & Media & Travel 7% 3% 3% 3% Retail Government Healthcare Mobility & Logistics & E-commerce & Education 15
Slide 16: CM.com global presence: Think Global, Act Local
CM.com global presence: Think Global, Act Local Countries where we are situated 15 1 NL 523 Rest of Europe Middle East 96 13 Our local offices APAC 34 around the world 24 India 1 16 Total Americas Headcount 705 11 1 # Headcount YE 2024 Africa 1 Year-End 2024 16 12
Slide 17: Growth in client base and data led to growth of interactions
The growth in our client base and Driving growth in data led to growth of interactions # customer interactions Relative growth (2021 = 100%) Growing Leading to exponential 300% client base growth in our CDP 250% # customers 1 CDP profiles 10000 200% 150% 8000 100% 6000 50% 4000 0% 2021 2022 2023 202
Slide 18: Cross-sell increases customer value and usage
Cross-sell increases customer value and usage Gross Profit accelerates with the number of products 1 Usage Monthly Gross Profit 1 Product 2 Products 3x 3 Products 8x Multi 1 product product 4+ Products 21x 18
Slide 19: Ready for the next growth phase
Ready for the next growth phase Growth & Expansion Value over Volume Profitable Growth 2019 - 2022 2022 - 2025 2025 - 2028 • Expansion portfolio: product & • Optimalisation portfolio: • Global AI-powered customer geographic product & geographic engagement platform • Add-on acquisitions, including •
Slide 20: Financials & Targets
Financials & Targets Jörg de Graaf CFO CM.com 20
Slide 21: Value-over-volume strategy delivered EBITDA and Cash Flow turnaround
Value-over-volume strategy delivered EBITDA and Cash Flow turnaround Change of strategic focus led to Gross Margin and Gross Profit uptake Strong Cost control improved efficiency and profitability x€ M Gross Profit % Gross Margin x€ M Operating Expenses € 100 € 120 30% € 80 € 100 20% € 80 € 60 € 60
Slide 22: We delivered on our mid term Outlook from 2022
We delivered on our mid term Outlook from 2022 Target Realization 1 Gross Margin High 20’s 30% Opex to Revenue Low mid 20’s 24% EBITDA Margin Mid single digit 6% 22 1 Realization based on Actuals FY2024
Slide 23: Strengthened balance sheet as foundation for growth
Strengthened balance sheet as foundation for growth Successful Refinancing transaction Reduced net debt position by €27M (Feb 2025) and reduced leverage ratio to 2.8x Net Debt x €M 1 Leverage ratio 2 Convertible bond €100M buyback € 90 5.0 for €87M (13% discount) € 80 4.5 4.0 € 70 3.5 € 60 Bank Faci
Slide 24: Business Model: Customer interactions driving volume growth
Business Model: Customer interactions driving volume growth Data Communication AI & Payments Platform Platform Platform Exponential growth in CDP profiles Significant growth in transactional volumes CDP profiles Relative growth (2021 = 100%) 300% 44% Payments 250% Service Cloud volume Tickets 200% M
Slide 25: Shift to high-margin products fuels Gross Margin increase
Shift to high-margin products fuels Gross Margin increase Product portfolio consists of both low and Connect Gross Margins keep increasing high-margin Products Gross Margin % Gross Margin % Connect 1 High-margin Products 100% 20% 18.3% 17.6% 90% 18% 15.5% 80% 16% 14.5% 70% 14% 60% 12% 50% 10% 40% 8%
Slide 26: Shift to high-margin products fuels Gross Margin increase
Shift to high-margin products fuels Gross Margin increase High-margin products dominate New Business 1 Product Portfolio shift from 26% to 30% Gross Margin Regional dominant landing products for New Business Gross Profit x€ M Gross Margin % High-margin products: 90 35% 73% of NL 80 Engage New Busine
Slide 27: Structural Gross Profit growth with short-term volatility
Structural Gross Profit growth with short-term volatility Long term growth with short-term volatile QoQ Revenue swings driven by business 1 volatile Connect customers x€ M Gross Profit x€ M Revenue 6 90 80 4 70 60 2 50 - 40 30 (2) 20 10 (4) - 2021 2022 2023 2024 (6) Δ Q4 '23 Δ Q1 '24 Δ Q2 '24 Δ Q3 '
Slide 28: We operate in large and growing markets
We operate in large and growing markets $140 $120 CAGR: 22% $100 AI market 36% CAGR 125 $80 CDP market bn $60 29% CAGR CCaaS market $40 19% CAGR Total addressable $20 market 2028 1 CPaaS market 8% CAGR $- 2025 2026 2027 2028 28 Source: Juniper (CPaaS, CCaaS, CDP, Conversational & Generative AI) & CM
Slide 29: We continue to expand our success globally
We continue to expand our success globally Gross Profit growth outpaces Revenue Increased international Revenue share growth across international regions 1 Gross Profit growth (CAGR) 2021 70% 54% US 60% 2024 71% 50% Rest of the world Netherlands APAC 40% 30% ROW Strong reduction Payback period 2 20%
Slide 30: Successful cross sell: More products per customer
Successful cross sell: More products per customer Increasing the number of products per customer of Each year, new customers start at a higher existing business 1,2 average nr of products 1,2 # Customers Avg. products Avg. products 10,000 2.1 2.3 9,000 2023 2.2 2024 2021 8,000 2.0 2.1 7,000 2022 6,0
Slide 31: Cross-sell increases customer value and retention
Cross-sell increases customer value and retention Gross Profit accelerates with the number of products 1 Monthly Gross Profit vs Reduction in 1-product customers Attrition 2 Monthly Gross Profit 1 Product Gross Profit accelerates with the number of 2 Products products 1 x3 x 1/2 3 Products x8 x 1/2
Slide 32: Gross Profit growth acceleration expected towards >15%
Gross Profit growth acceleration expected towards >15% Additional investments in growth1 Increased Sales effectiveness International markets >15% Cross-sell Growth Increased usage 32
Slide 33: Operational leverage increasing cash conversion
Operational leverage increasing cash conversion Every additional euro Gross Profit expected to convert to €0.70 in cash €1.00 €0.75 €0.70 -€0.25 -€0.05 Gross Profit Opex EBITDA CAPEX Cash 33
Slide 34: Financial targets 2028
Financial targets 2028 Guidance Gross Profit growth >15% Gross Margin ~35% EBITDA Margin 12-15% 34
Slide 35: Target 2028: Continued financial discipline
Target 2028: Continued financial discipline Lowering debt and increasing cash conversion Guidance Capital Allocation Leverage ratio 1 <2.0 Investment in growth Cash Conversion 2 >50% Investment in product Selective M&A Further lowering leverage 1 Leverage ratio = Net debt / L12M Normalized EBITDA 35
Slide 36: Customer engagement
Customer engagement Gilbert Gooijers COO CM.com 36
Slide 37: 2000: SMS Messaging
"Can you send this SMS YEAR Message to my Database?" 2000 Data + planning + SMS channel SMS Messaging 37
Slide 38: 2005: Interaction
"Can you help me interact YEAR with my audience?" 2005 + Interaction Premium SMS & voice YEAR 2000 Data + planning + SMS channel SMS Messaging 38
Slide 39: 2010: Monetization
"Can you help me monetize YEAR all my interactions?" 2010 + Monetization PSP & iDeal QR YEAR YEAR 2000 2005 Data + planning + + Interaction SMS channel Premium SMS & SMS Messaging 39 voice
Slide 40: 2015: Multiple channels
"Can you help me reach my YEAR customers on all 2015 channels?" + Multiple channels WhatsApp, WeChat & RCS YEAR YEAR YEAR 2000 2005 2010 Data + planning + + Interaction + Monetization SMS channel Premium SMS & SMS Messaging PSP & iDeal QR 40 voice
Slide 41: 2020: Multiple capabilities
"Can you help me optimize YEAR the customer journey from 2020 Discovery to Delivery?" + Multiple capabilities (Soft)POS, CDP, IDIN, SIGN, MSC & MM YEAR YEAR YEAR YEAR 2000 2005 2010 2015 Data + planning + + Multiple + Interaction + Monetization SMS channel channels Premium SMS & WhatsApp, SMS Messag
Slide 42: 2025: Agentic AI
"Can an agent do this YEAR optimization for me?" 2025 + Agentic AI HALO YEAR YEAR YEAR YEAR YEAR 2000 2005 2010 2015 2020 Data + planning + + Multiple + Multiple + Interaction + Monetization SMS channel channels capabilities Premium SMS & WhatsApp, CDP, (Soft)POS, IDIN, SMS Messaging PSP & iDeal QR
Slide 43: 2030: True living service
"I want my product to be a YEAR true living service." 2030 YEAR YEAR YEAR YEAR YEAR YEAR 2000 2005 2010 2015 2020 2025 Data + planning + + Multiple + Multiple SMS channel + Interaction + Monetization channels capabilities + Agentic AI Premium SMS & WhatsApp, CDP, (Soft)POS, IDIN, SMS Messaging PSP &
Slide 44: Usage
Usage Multi 1 product product 44
Slide 45: Landing products
Landing products The majority of customer entry points are through recurring subscription models Mobile Marketing Cloud U Mobile Service Cloud Event App HALO POS Payments Business Messaging API Customer Data Platform 1 product 45
Slide 46: From one product, we can easily upsell to more products
From one product, we can easily upsell to more products E-commerce Leisure SMS Gateway + Online Payments + Ticketing Platform + Online Payments e Email Campaigns + HALO + Service + Access Control + POS Cloud For order confirmations, seamless checkout For streamlined ticket sales, secure processes, a
Slide 47: From one product, we can easily upsell to more products
From one product, we can easily upsell to more products Telecommunications Government & Education Customer Data Platform + Push Digital Identity Verification + SMS e Notifications + Voice API + HALO Gateway + Voice API + POS For personalized offers, usage updates, and For secure citizen identificati
Slide 48: From one product, we can easily upsell to more products
From one product, we can easily upsell to more products Healthcare Logistics Digital Identity Verification + SMS Gateway + Voice API + e SMS Gateway + Conversational AI Mobile Service Cloud For patient authentication, appointment For real-time tracking updates, delivery reminders, and 24/7 virtual a
Slide 49: Our products generated more platform usage
Our products generated more platform usage SMS messages Digital payments Verified identities Voice calls WhatsApp Business messages Processed tickets Automated chatbot conversations Usage 49
Slide 50: HALO is speeding up the process
Usage HALO is speeding up the process Multi 1 product product 50
Slide 51: Encouraging the use of AI Agents in the Workplace
Building an AI-First CM.com Encouraging the use of AI Agents in the Workplace
Slide 52: Agent of the week: Connectly
Ga) cram AGENT OF THE WEEK Connectly Member of the Connect Business Unit Creator: Koen & Brian This omnichannel agent takes messaging to a whole new level! It simplifies multi-channel communication, allowing you to send me s via SMS, RCS, WhatsApp, and Viber with just a small amount of input data By
Slide 53: AI Agents as part of our organizational structure
Building an AI-First CM.com Encouraging the use of AI Agents in the Workplace AI Agents as part of our organizational structure
Slide 54: Integrating AI Agents in the CM.com organizational Teamtree
Integrating AI Agents in the CM.com organizational Teamtree CM.com launched novelty in its organizational structure: AI Agents
Slide 55: The SMS Wholesale Specialist
Welcome! I am the SMS wholesale specialist. You can ask me about mobile network connections, SMS message counts, delivery rates, supplier products, pricing, and I’ll provide detailed insights. Can you tell me about the delivery options in Norway? Of course, here's the gathered information for suppli
Slide 56: The Recruitment Agent
Hi there! I'm part of the Recruitment Team at CM.com, powered by the amazing Halo AI. How can I help you today? Are you curious about career opportunities with us? I'm a Developer, looking for a 1. I'm a Developer, new challenge! looking for a new challenge! That's wonderful to hear! At CM.com, we p
Slide 57: The Policy Agent
Hello, my name is Norma, your Policy Search Agent. Good that you are interested in the policies of CM.com. How can I assist you today? Does CM.com have an environmental policy, and who can I ask questions to if I want to know more? Yes, CM.com has an Environmental Policy in place. This policy is des
Slide 58: The AI Team to help reinvent business processes
Building an AI-First CM.com Encouraging the use of AI Agents in the Workplace AI Agents as part of our organizational structure The AI Team to help reinvent business processes
Slide 59: Agenda
Agenda Part 1 Part 2 01 Introduction 05 Product 02 Markets & Strategy 06 Sales strategy 03 Financials & Targets 04 Customer Engagement BREAK 07 08 People & Culture Regulatory Compliance 09 Concluding remarks 10 Q&A 11 Networking drinks 59
Slide 60: Product
Product Communication Data AI & Payments Platform Platform Platform Businesses Consumers Bart de Peuter Rutger de Ruiter Stijn van Soest Product Manager Head of Product Head of Client Engage Engage Connect 60
Slide 61: Agenda
Agenda Part 1 Part 2 01 Introduction 05 Product 02 Markets & Strategy 06 Sales strategy 03 Financials & Targets 04 Customer Engagement BREAK 07 08 People & Culture Regulatory Compliance 09 Concluding remarks 10 Q&A 11 Networking drinks 61
Slide 62: Agentic AI – supercharged by our established engagement platform
Agentic AI – supercharged by our established engagement platform CHANNELS AI AGENTS HALO APPLICATIONS AI Marketing Cloud AI Service Cloud DATA AI Customer Data Platform INTEGRATIONS Marketplace TRANSACTIONS Payments Platform Tickets, Identity & More End-to-end AI Driven Low-/no code 62
Slide 63: Strong engagement starts with knowing your customer
STRONG ENGAGEMENT STARTS WITH KNOWING YOUR CUSTOMER STRONG ENGAGEMENT STARTS WITH KNOWING YOUR CUSTOMER 63
Slide 64: The basis for hyper-personalized experiences across all interactions
The basis for hyper-personalized experiences across all interactions Unify Data from all Interactions AI Driven Predictions Enrich the Profile Email clicked (Marketing automation) Churn Risk Low Page Viewed (Web Tracking) Channel Preference WhatsApp Complaint filed (Customer Service) Purchase made (
Slide 65: CDP Demo
15:30 € < 68 @ CM.com Club-Mall @ stylish top is perfect for spring! It features a vivid rainbow of colors, making it ideal for men who love to stand out. It's part of the "Colorful Collection: Where Color Comes to Life," which aligns perfectly with your preferences. Add some cheer to your wardrobe
Slide 66: Customer Data Platform & AI
Customer Data Platform & AI Bart de Peuter Rutger de Ruiter Sr. Product Manager Head of Product Engage 66
Slide 67: Short term | Assistents
SHORT TERM | ASSISTENTS
Slide 68: Short term | Assistents
SHORT TERM | ASSISTENTS CAIP CCaaS MarTech 68
Slide 69: Medium term | Agents
MEDIUM TERM | AGENTS External Internal 69
Slide 70: Long term | Orgs
LONG TERM | ORGS Audit
Slide 71: Mission-critical non-functionals
MISSION-CRITICAL NON-FUNCTIONALS Prompt Injection Protection GDPR Compliant Automatic PII Redactions & Advanced Guardrails & ISO Certified & Stewardship of Data
Slide 72: Demo
SHORT TERM | ASSISTENTS DEMO
Slide 73: 2025. A big year for agentic AI...
2025. A BIG YEAR FOR AGENTIC AI... 73
Slide 74: ..and another year of consolidation
..AND ANOTHER YEAR OF CONSOLIDATION 74
Slide 75: Communication channels
Communication channels Stijn van Soest Head of Client Connect CM.com 75
Slide 76: CM.com built a global Omnichannel Communication platform in 25 years
CM.com built a global Omnichannel Communication platform in 25 years Over 600 telecom operators connected Recognized as Global Established leader in CPaaS Strategic partnerships with Meta & Google 76
Slide 77: CPaaS market trend sees rich messaging rise
CPaaS market trend sees rich messaging rise CPaaS key technology enabler for client interaction From Basic to Rich Messaging Rich messaging drives the need for software and is conversational by nature 77
Slide 78: From basic messaging to solutions for every use case
From basic messaging to solutions for every use case Projected market growth • Consumers want to be always connected • Communication channels become more advanced • AI applications support this trend • A complete customer engagement platform needs a CAGR: 10% complete communication and payment platf
Slide 79: We see the market trends in our channels
We see the market trends in our channels 2,000,000,000 Trend to 1,800,000,000 advanced 1,600,000,000 messaging is 1,400,000,000 growing fast 1,200,000,000 1,000,000,000 800,000,000 600,000,000 400,000,000 200,000,000 0 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 SMS Advanced Mess
Slide 80: Where we play
Where we play Basic Messaging Notify Validate Draw attention to Use a messaging channel as an important information additional factor of validation Advanced Messaging Interact Convert Direct interaction Sell or deliver a service or with end-users product 80
Slide 81: We are ready for the future
We are ready for the future • Broad portfolio of channels Basic Messaging Notify • Flows builders to offer simple flow in-conversation • Convenience solutions for customer (One Time Password) Validate • Identity services (Mobile Identity) Advanced Messaging • Adding Generative AI capabilities in-con
Slide 82: Sales strategy
Sales strategy Roel Jansen Head of Commerce Engage CM.com 82
Slide 83: Bow-Tie SaaS supercharged by Agentic AI
Bow-Tie SaaS supercharged by Agentic AI Customer Customer retention Acquisition and expansion Awareness Education Selection Onboarding Adoption Expansion Mutual Commit POC / Trial Upsell extended Product Demo Outreach usage Cross-sell & Demand campaign Generation The GTM system Account Executives &
Slide 84: Shift to Engage as landing product confirms market trend
Shift to Engage as landing product confirms High-margin Products market trend channels 73% of New Business High-margin products Regional dominant landing products for New Business dominate New Business NL Engage More clients buy Engage products Rest of Europe Middle East Connect Engage This is fuele
Slide 85: A Go-To-Market Strategy built to empower clients while fueling our growth
A Go-To-Market Strategy built to empower clients while fueling our growth Both sides of the Bow-Tie Model are equally important How? Bonus accelerators & multipliers 01 Complete and competitive SPIFFs 01 Grow together with clients product suite 02 The right products in every MAGP growth Increase sha
Slide 86: Basic-Fit & CM.com
Basic-Fit & CM.com Saskia Dekkers Lead AI Specialist CM.com 86
Slide 87: U Haul & CM.com
U Haul & CM.com David White Country Manager US 87
Slide 88: Middle East region
Middle East region Wael Ali Regional Director Middle East 88
Slide 89: People & Culture
People & Culture Marijn Helmons Head of HR CM.com 89
Slide 90: Development of the organization
Development of the organization 1000 The future: FTE Scalable 900 Organic Growth 800 700 • Platform 600 Integrations 500 • Scalable 400 infrastructure 300 200 • AI automation 100 • Process 0 Optimalisation 2018 2019 2020 2021 2022 2023 2024 future • Organizational Efficiency 35.8 4.7 72/28 74 years
Slide 91: How we are organized
How we are organized Team Tree. Global Focus Local Presence. AI Integrations. AI Agents working alongside humans in Team Tree 91
Slide 92: Our shared values
Our shared values Drive & Grow & Lead Learn • Entrepreneurship • Innovation • Empowerment • Experimentation • Ambition • Personal Growth Together & Speed & Care Change • Social • Flexiblility • Culture • Agility • Togetherness • Versatility 92
Slide 93: AI & Regulatory Compliance
AI & Regulatory Compliance Aard Kegge Head of Legal CM.com 93
Slide 94: Is my data safe with CM.com?
The key question all customers ask Is my data safe with CM.com? 94
Slide 95: Building the foundation for responsible growth
Building the foundation for responsible growth of proven compliance in 25 years highly regulated industries Internal Audit (telecom, payments) Risk & Security Compliance Compliance framework built on Embedded “Gold Standard” of “compliance by Legal Product EU privacy design” culture regulation Prove
Slide 96: Certified to deliver & state of the art cloud infrastructure
Certified to deliver & state of the art cloud infrastructure Industry-grade certifications and global cloud infrastructure AI Governance: ISO 42001 (under implementation) Privacy & Security: ISO 27001, 27017, 27018, 27701 Global certification scope, monitored, maintained annually CM.Com Private Clou
Slide 97: Compliance, why is it important?
Compliance, why is it important? Trust, Resilience, and Competitive Advantage Enable faster time-to-market for AI innovations Reduces regulatory risk for CM.com and its customers Reinforces long-term brand trust in sensitive sectors Positions CM.com as a safe and future-ready AI partner 97
Slide 98: Latest developments
Latest developments Jeroen van Glabbeek CEO CM.com 98
Slide 99: News of the week
New Resale Platform for LIVE released this week, News generating higher margin per transaction Offline Payment feature saved major festival last weekend of the week Vast majority online card payments processed in house Visa and Mastercard In-person Payments certified Shopper recognition feature feed
Slide 100: One more thing…
One more thing… 100
Slide 101: New HALO launch
@ New HALO launch fin
Slide 102: Closing Remarks
Closing Remarks Jeroen van Glabbeek CEO CM.com 102
Slide 103: On our way to our next journey of profitable growth
On our way to our next journey of profitable growth 103
Slide 104: Thank you
• Thank you If you have any questions, don’t hesitate to contact us. You can find our socials here: