ACTIA Group (ALATI) Q3 2024 TU earnings summary

Executive summary

• Q3 2024 consolidated turnover was €114.1m, down 16.2% year-over-year; 9-month turnover was €393.5m, down 7.4% year-over-year.

• Mobility Division sales fell sharply, especially in Europe, while Aerospace, Energy, and Engineering Services divisions posted strong growth in Q3.

• The business environment, particularly in the European automotive sector, deteriorated, impacting volumes and leading to a downward revision of full-year and 2027 revenue targets.

Financial highlights

• Q3 2024 turnover: €114.1m (–16.2% YoY); 9-month turnover: €393.5m (–7.4% YoY).

• Mobility Division Q3 sales: €91.2m (–22.7% YoY); 9-month sales: €329.5m (–8.3% YoY).

• Aerospace Division Q3 sales: €15.8m (+38.5% YoY); 9-month sales: €47.2m (+9.0% YoY).

• Energy Division Q3 sales: €6.9m (+30.0% YoY); 9-month sales: €18.9m (–8.3% YoY).

• Engineering Services Q3 sales: €10.9m (+27.2% YoY); 9-month sales: €29.2m (+31.6% YoY).

Outlook and guidance

• 2024 consolidated turnover now expected between €520m and €530m, a decline of 8–10% versus 2023, compared to previous guidance of ±5%.

• 2027 revenue target revised down to €650m from €800m due to persistent market weakness in Mobility, especially in Europe.

• Focus remains on growth in Aerospace, Engineering, and international markets, with continued investment in R&D and production digitization.