Avenir Telecom (AVT) H2 2024 earnings summary

Executive summary

• Consolidated two major strategic alliances: strengthened partnership with KaiOS Technologies and renewed, expanded global license with Energizer® through 2030.

• Focused on transitioning from 2G to 4G feature phones and expanding into new product categories such as IT, power tools, and electrical equipment.

• Managed a challenging year with a temporary refocus on core mobile and accessory business and a significant decline in activity from its largest client.

Financial highlights

• Annual revenue for 2023-2024 was €14.1 million, down from €23.3 million year-over-year.

• Operating result before central costs was €0.7 million, but after central costs, operating result was -€7.0 million, compared to -€5.8 million the previous year.

• Net result was -€7.0 million, mirroring the operating result.

• Cash available at March 2024 was €20.2 million, down from €27.8 million a year earlier.

• Equity stood at €13.7 million with no financial debt, excluding lease liabilities and net judicial liabilities.

Outlook and guidance

• Expects a return to growth in 2024-2025, with growth becoming visible from the second half as new product lines are launched.

• Return to profitability depends on increased activity volume and gross margin optimization, leveraging new strategic agreements.

• Short-term caution due to economic and political uncertainty, especially in France and other key markets.