Catenon SA (COM:MCE), the Spain-based executive search firm, today reported turnover for the first nine months of 2023 grew by 12% year over year to €8.9 million in its preliminary results.

Contracted sales increased by 8% over the year to €10.8 million. Gross profit also increased. By 12% to €8.8 million.

Catenon reports in three business lines including Catenon, Talent Hackers and Catenon Partners.

Revenue in Catenon grew by 12%. Talent Hackers, which specialises in the search for technological talent, grew by 4% in turnover when compared to the same period a year ago. The group did not disclose turnover information for Catenon Partners, but added that EBITDA grew by 2% over the year.

The company said its sustained growth allows it to close the third quarter of 2023 with a solid financial position due to the generation of operating cash.

Catenon set a new 52-week low during today's trading session when it reached €0.84. Over this period, the share price is down -43.24%. The company last traded at €0.84, down 5.62% on the day. The company has a market cap of €17.24 million.