AdUX (ADUX) H1 2024 earnings summary

Executive summary

• Revenue for H1 2024 increased by 15% year-over-year to €12.1 million, with gross margin stable at 45% and net income rising to €1.1 million from €0.6 million.

• EBITDA grew 31% year-over-year to €1.8 million, reflecting effective cost control and operational efficiency.

• The company delisted from Euronext Paris and Amsterdam, moving to Euronext Growth Paris to better align with its size and reduce costs.

• Leadership transition occurred with Ms Catharina Hillström appointed as Chairman of the Board.

Financial highlights

• Revenue: €12.1 million (up 15% year-over-year).

• Gross margin: €5.5 million, margin rate stable at 45%.

• EBITDA: €1.8 million (up from €1.4 million in H1 2023).

• Net income: €1.1 million (up from €0.6 million in H1 2023).

• Payroll charges decreased by 17% to €1.4 million.

Outlook and guidance

• Sustained growth expected to continue, outperforming the Display digital market's 15% growth in H1 2024.

• Strategy focuses on cost control and maintaining EBITDA margin.

• Confirms objective to maintain profitability levels for the remainder of the year.