BOA Concept (ALBOA) Trading Update summary

Financial performance and business resilience

• Consolidated 2024 revenue reached €22.5M, with €13.0M from BOA Concept, €0.2M from RobOptic, and €9.3M from Easy Systems.

• Revenue reflects resilience amid a challenging economic environment and lower overall consumption.

• Second half of 2024 showed improved momentum, supporting expectations of a balanced net result.

International expansion and strategic initiatives

• Accelerated international expansion with the acquisition of Easy Systems and the opening of a Canadian subsidiary.

• Canadian subsidiary established in September 2024, with local leadership and operational setup completed by February.

• Strengthened Benelux presence through majority stake in Easy Systems Benelux and new contracts in Belgium.

• Signed new projects in Belgium, Poland, Germany, and secured a first contract in Côte d'Ivoire.

Technological innovation and future outlook

• Integration of Roboptic enhanced technological capabilities in robotics, vision, and AI.

• Focus on modular, IoT-enabled solutions supports adaptability and sustainability.

• Improved order book visibility at the start of 2025, indicating renewed market confidence.