Bilendi (ALBLD) Q2 2024 TU earnings summary

Executive summary

• H1 2024 revenues reached €30.6m, up 3.6% year-over-year, with Q2 2024 revenues at €16.2m, up 2.7% compared to Q2 2023.

• Growth was driven by both France and international markets, with international accounting for 77% of total revenues.

Financial highlights

• France revenues grew 4.7% in H1 2024 to €7.1m; international revenues rose 3.3% to €23.5m.

• At constant exchange rates, H1 2024 revenue growth was 3.1%.

• EBITDA is expected to improve in H1 2024 versus the prior year, reflecting cost control measures.

Outlook and guidance

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

• Next financial results for H1 2024 will be published on 2 October 2024.