Finance
07/30/24
2024 Half-year results
- H1 24 Net sales of €m 1,407, +0.4% vs. H1 23, -0.1% like for like
- Q2 24 revenues of €m 721, -2% vs. Q2 23
- Q2 24 order intake on equipment of €m 86 vs. €m 287 in Q2 23
- End of Q2 24 order book on equipment at €m 1 344 vs. €m 3,061 in Q2 23
- Recurring operating income at €m 127.5 (9.1%) vs. €m 88.1 (6.3%) in H1 2023
- Net income at €m 81.8 vs. €m 62.6 in H1 2023
- EBITDA at €m 159.8 (11.4%) vs. €m 114.0 (8.1%) in H1 2023
- Net debt at €m 394, gearing(4) at 42%, leverage(4) at 1.3
- Confirmation of expectations of stable revenue in 2024 compared with 2023 and a recurring operating profit for 2024 above 6.5% of revenues
The group closes a very good half-year in a context of contrasting activity and outlook. Sales for the first half were stable compared with the first half of 2023. Driven by stronger than expected momentum in Southern Europe, growth in Europe offset the decline in North America.
Michel Denis, President & CEO