Catering International & Services (ALCIS) Q3 2024 earnings summary

Executive summary

• Q3 2024 revenue reached €110.3 million at constant currency, up 33.9% year-over-year; reported revenue was €108.0 million, up 31.2% from Q3 2023.

• Revenue for the first nine months of 2024 totaled €322.8 million at constant currency, a 36.2% increase year-over-year; reported revenue was €307.5 million, up 29.8%.

• All operating regions contributed to the positive revenue performance.

Financial highlights

• Currency effects negatively impacted revenue by €2.3 million in Q3 and €15.3 million over the first nine months, but the impact has been steadily diminishing.

• Revenue growth was strong across all quarters: Q1 +33.0%, Q2 +41.7%, Q3 +33.9% at constant currency.

Outlook and guidance

• The group continues to leverage its expertise in remote and challenging environments to drive growth.

• Actively seeking acquisition opportunities to strengthen its position in core and complementary businesses, both in France and internationally.