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Derichebourg SA (DBG) investor relations material
Derichebourg SA H1 24/25 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for the first half of 2024-2025 was €1,698.0m, down 2.0% year-over-year, mainly due to declines in Recycling (-1.7%) and Services to Local Authorities (-7.8%).
EBITDA rose 14.1% to €162.1m, with margin improvement from cost savings, improved recycling margins, and absence of prior year cyberattack.
Net income attributable to shareholders doubled to €63.2m (+101.1% year-over-year), driven by recycling and Elior Group's contribution.
Despite economic headwinds and metals market price wars, all group activities remained profitable.
The group’s financial structure remains robust, with net financial debt reduced by €8.2m over the semester.
Financial highlights
EBITDA margin improved to 9.5% from 8.2% year-over-year; recurring operating income up 23.2% to €80.0m.
Operating income rose 16.5% to €80.1m.
Net financial expenses decreased by €1.2m due to lower interest rates.
Earnings per share reached €0.40, up from €0.20 a year earlier.
Net financial debt at €705.7m, with a leverage ratio of 2.02x and debt service coverage of 8.93x.
Outlook and guidance
Management targets a rolling 12-month EBITDA of €350m, assuming rapid resolution of global trade tensions and recovery in recycled material prices and volumes.
Investments are expected to remain below 50% of current EBITDA; new high-value sorting lines to be commissioned in France and Spain.
The group remains optimistic long-term, citing strong positioning in the energy transition and ongoing industrial projects.
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