Bilendi (ALBLD) H1 2024 earnings summary

Executive summary

• H1 revenue rose 3.6% to €30.62m; EBITDA increased 58% to €5.72m, with margin reaching 18.7%.

• Operating income was €2.32m versus €370k; net income attributable to owners was €1.56m versus a €71k loss.

• Adjusted net income rose to €1.9m, up 462.9% year over year.

• Online panels and loyalty/CRM activities converged toward data collection; AI-powered research tools BARI and Bilendi Discuss gained new features.

Financial highlights

• Revenue was €30.62m versus €29.57m in H1 2023; other operating income was €40k versus €66k.

• EBITDA was €5.72m versus €3.62m; EBITDA margin was 18.7%, up 6.5 points year over year.

• Adjusted operating profit was €2.8m (+198.6%), with a 9.1% margin; adjusted net income was €1.9m (+462.9%).

• Basic EPS was €0.3418 versus -€0.0157; diluted EPS was €0.3246.

• Cash flow from operations was €4.2m, more than triple H1 2023.

Outlook and guidance

• 2026 targets reaffirmed: €100m revenue and a 20–25% EBITDA margin (€20–25m EBITDA).

• Continued focus on organic growth and targeted acquisitions to drive expansion.