Boiron (BOI) H2 2024 earnings summary

Executive summary

• Revenue declined 1.2% year-over-year to €487.6M, mainly due to lower volumes and adverse FX, partially offset by price increases.

• Net income dropped 68.4% to €11.3M, impacted by restructuring costs and lower financial income.

• A dividend of €1.20 per share will be proposed, with payment scheduled for June 5, 2025.

Financial highlights

• Operating income fell 62.8% to €15.7M, representing 3.2% of revenue.

• Gross margin improved slightly to 73.6% of revenue, aided by reduced production costs.

• Net cash position decreased 10.7% to €64.3M; net investments were €18.4M, down 19.9%.

• Cash flow from operations was stable at €55.4M, down 0.7% year-over-year.

Outlook and guidance

• 2025 performance will depend on seasonal illness trends, new product launches, and global geopolitical developments.