Bilendi (ALBLD) Q3 2024 TU earnings summary

Executive summary

• Revenues for the first nine months of 2024 reached €45.2 million, up 3.0% year-over-year.

• Q3 2024 revenues were €14.5 million, a 2.0% increase compared to Q3 2023.

• Growth was driven by strong performance in international markets, especially the Netherlands, Belgium, Spain, and the DACH region.

Financial highlights

• International revenues accounted for 80% of total, rising 1.7% year-over-year in Q3 2024.

• French revenues grew 2.9% in Q3 2024, representing 20% of total revenues.

• At constant exchange rates, total revenues increased 2.5% for the nine-month period.

Outlook and guidance

• The group reaffirmed its 2026 targets: €100 million in revenues and EBITDA margin of 20–25%.

• Strategy focuses on organic growth and targeted acquisitions to achieve these objectives.