Catering International & Services (ALCIS) H1 2024 earnings summary

Executive summary

• Revenue grew 29% year-over-year to €199.5 million on a reported basis, and 37.5% at constant currencies, with all regions contributing positively.

• EBITDA increased 66.5% to €12.6 million (reported) and 88% to €14.2 million (constant currencies), reflecting improved operating profitability.

• Net profit reached €2.6 million (reported), up 33.1% year-over-year, and €3.5 million at constant currencies.

Financial highlights

• EBITDA margin rose to 6.3% (reported) and 6.7% (constant currencies), up from 4.9% in H1 2023.

• Net profit attributable to shareholders was €1.6 million, impacted by a €1.2 million increase in minority interests.

• Shareholders' equity stood at €65.4 million and cash at €50.3 million as of 30 June 2024.

Outlook and guidance

• Confident in organic growth for H2 2024, supported by an expanding service range and recent business wins.

• Actively seeking acquisition opportunities to strengthen positioning in France and internationally.