ACTIA Group (ALATI) Q3 2024 TU earnings summary

Executive summary

• Q3 2024 consolidated revenue was €114.1M, down 16.2% year-over-year; 9M 2024 revenue at €393.5M, down 7.4% year-over-year.

• Mobility division's decline, especially in Europe, offset growth in Aerospace (+38.5%), Energy (+30.0%), and Engineering Services (+27.2%) in Q3.

• Mobility remains the largest segment, representing 77% of group sales over 9 months.

Financial highlights

• Q3 2024 revenue: €114.1M vs €136.1M in Q3 2023 (-16.2%).

• 9M 2024 revenue: €393.5M vs €424.8M in 9M 2023 (-7.4%).

• Mobility division Q3 sales: €91.2M (-22.7%); Aerospace: €15.8M (+38.5%); Energy: €6.9M (+30.0%); Engineering: €10.9M (+27.2%).

Outlook and guidance

• 2024 revenue now expected between €520M and €530M, a decline of 8–10% vs 2023, compared to previous guidance of ~5% decline.

• 2027 revenue target revised down to €650M from €800M, reflecting persistent weakness in Mobility markets.

• Industrial workforce adjustment planned for 2025 to improve productivity and adapt to market conditions.