Bilendi (ALBLD) H2 2024 earnings summary

Executive summary

• Achieved record results in 2024, with strong profitability and significant cash generation.

• EBITDA margin rose to 21.4%, with a historic 23.9% in H2 2024.

• Major strategic transformation through the acquisition of Netquest, expanding global reach.

• Launched innovative AI-driven solutions and entered the UX Research market.

Financial highlights

• Revenues increased by 2.6% year-over-year to €64.4m.

• EBITDA grew by 20.4% to €13.8m; adjusted net profit up 41.7% to €5.1m.

• Cash flow from operations reached €14.2m, up €5.8m from 2023.

• Available cash at year-end was €15.9m, a 20% increase.

Outlook and guidance

• Reaffirmed 2026 targets: €100m in revenues and EBITDA margin of 20–25% (€20–25m EBITDA).