BOA Concept (ALBOA) H2 2024 earnings summary

Executive summary

• 2024 was marked by economic slowdown and geopolitical volatility, prompting immediate action plans, strategic acquisitions, and international expansion.

• Integration of Easy Systems, launch of a Canadian subsidiary, and first project in Côte d'Ivoire expanded global presence.

• Continued focus on R&D, especially in robotics, software development, and proprietary solutions like BOA Drive.

• The year focused on laying foundations for sustainable growth and resilience.

Financial highlights

• Group consolidated revenue reached €22.5M in 2024, up from €16.5M in 2023 (proforma, including Easy Systems and Roboptic).

• Standalone revenue for the main entity declined to €13.0M from €16.0M year-over-year.

• EBITDA dropped to €396.6K (3.0% margin) from €2.05M (12.8%) year-over-year.

• Net income fell to €318.7K (2.4% margin) from €1.56M (9.7%) year-over-year.

• Cash position at year-end 2024 was €7.7M, supporting future growth.

Outlook and guidance

• Strategic focus on international expansion, with projects in Germany, Côte d'Ivoire, and Canada.

• Ongoing innovation in robotics and AI to drive future growth.

• Emphasis on cost control, group synergies, and enhanced profitability for 2025.

• Order book improvement provides visibility through H2 2025, supporting confidence in accelerated development.