Catering International & Services (ALCIS) Q4 2024 TU earnings summary

Executive summary

• Revenue grew 36% at constant currency in 2024, surpassing €400 million, with all regions contributing to growth.

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

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

Financial highlights

• 2024 revenue reached €422.8 million (€443.5 million at constant currency), up 30% year-over-year.

• EBITDA doubled to €30.6 million, with margin improving to 7.2% from 4.8% in 2023.

• Net income attributable to shareholders rose 53% to €4.9 million (reported) and 96% to €6.2 million (constant currency).

• Shareholders' equity stood at €68.1 million; unrestricted cash was €56 million at year-end 2024.

Outlook and guidance

• 2025 expected to be a year of consolidation, with continued but more moderate business growth.

• The company aims to pursue acquisition opportunities and further diversify geographically and by service offering.