Catering International & Services (ALCIS) H2 2024 earnings summary

Executive summary

• Revenue grew 36% at constant currency in 2024, surpassing €400 million for the first time.

• Net income rose 146% at constant currency, reflecting improved profitability and performance plans.

• Major contract wins in Kazakhstan, Côte d'Ivoire, Algeria, and renewals in Sub-Saharan Africa supported growth.

• Q1 2025 revenue increased 29% at constant currency, driven by Africa and Eurasia.

Financial highlights

• 2024 revenue: €422.8 million reported, €443.5 million at constant currency, up 30% and 36% year-over-year.

• EBITDA doubled to €30.6 million (7.2% margin), up 107% at constant currency.

• Net income: €6.7 million reported (+99%), €8.3 million at constant currency (+146%).

• Net income attributable to shareholders: €4.9 million reported (+53%), €6.2 million at constant currency (+96%).

• Q1 2025 revenue: €118.5 million, up 29.6% year-over-year.

Outlook and guidance

• 2025 expected to be a year of consolidation with continued but slower growth.

• Focus remains on geographic diversification, service expansion, and potential acquisitions.