BOA Concept (ALBOA) Trading Update summary

First half 2024 performance

• Revenue for H1 2024 fell to €4.2M, down €4.8M from H1 2023, reflecting economic slowdown and longer sales cycles.

• Current order book secures a strong rebound in H2 2024, with expectations for a balanced full-year result.

• Signs of economic recovery are visible through recent contract wins, suggesting the low point has passed.

Strategic initiatives and international expansion

• Commercial, technological, and geographic synergies are being realized with recent acquisitions in France and Belgium.

• Major H2 order secured, aided by proximity of Easy Systems' teams to client sites.

• Joint development and deployment of new robotic solutions, including automated palletizing, are enhancing productivity and safety.

• North American market entry is underway, with a legal entity to be established in Quebec following positive technical compatibility studies.

Innovation and ESG focus

• Modular, IoT-enabled solutions support ambitious ESG policies and facilitate automation for clients.

• R&D-driven approach and recent product launches position the group for future growth.