XBP Europe (XBP) - 2024 Q2 - Quarterly Results

Exhibit 99.1 COXBPEUROPE XBP Europe Holdings, Inc. Reports Second Quarter 2024 Results August 12, 2024 Second Quarter Highlights ● Revenue of $36.1 million, down 14.8% year-over-year (14.2% on a constant currency basis) ● Gross margin declined to 18.4%, a 630 bps decrease sequentially and 920 bps decrease year-over-year ● Net loss of $4.7 million includes $0.7 million of FX losses ● Active revenue ramp of approximately $25 million in ACV (Annual Contract Value) ● Completed a comprehensive financing transact ...