ACTIA Group (ALATI) H2 2024 earnings summary

Executive summary

• 2024 revenue declined 7.6% to €535.1m, mainly due to a 9.9% drop in the Mobility Division, which still comprised 74.8% of sales.

• EBITDA rose 46.8% to €61.7m, with margin improving to 11.5% from 7.3% year-over-year.

• Net income more than doubled to €18.2m, up 121% compared to 2023.

• Free cash flow increased to €51.4m, supporting a €37.8m reduction in net debt to €150.1m.

• New business segmentation into Mobility, Aerospace, Energy, and Engineering Services divisions was implemented.

Financial highlights

• Revenue: €535.1m (down 7.6% year-over-year); EBITDA: €61.7m (+46.8%); Net income: €18.2m (+121%).

• Current operating income was negative at €-4.1m, down from €15.5m in 2023.

• Operating income rose to €32.3m, up 110% year-over-year, benefiting from partnership income.

• Free cash flow reached €51.4m, up 14.1% from 2023.

• Gearing improved to 98.2% from 132.5% at end-2023.

Outlook and guidance

• 2025 revenue expected to remain stable at around €535m, with growth in Aerospace, Energy, and Engineering Services offsetting Mobility Division uncertainty.

• Strategic focus on innovation, production upgrades, and site reorganization to enhance competitiveness and long-term performance.

• Targeting €700m revenue by 2028, with new product families launching in 2026.